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Investment Strategy:
The Emerald International Equity Fund is designed to track the
performance of the Morgan Stanley Capital International Europe, Australasia
and Far East (EAFE) Index. This index represents over 1150 equities in 21
countries, and is generally accepted as the leading measure of
international equity markets. By closely tracking the EAFE index,
investors will receive broadly diversified exposure to many of the
industrialized world's economies.
Investment Objective:
The Fund provides investors with investment returns that, before expenses,
correspond to the total return of large companies in non-North American
countries, as represented by the Morgan Stanley Capital International EAFE
Index.
Who should invest in the
fund?
This Fund is suitable for investors seeking:
- broad diversification and long-term growth potential of the world's
largest economies from a fund that has lower fees than actively managed
funds.
- market performance without having to worry about security selection by
the Fund Manager.
- the tax-efficiency of a fund that has lower portfolio turnover than
active funds.
Fund Facts:
| Asset Class: |
International Equity |
| Inception Date: |
July 31, 1995 |
| Benchmark: |
Morgan Stanley Capital International EAFE Index |
| Risk Level: |
Aggressive |
| Registered Plan Eligibility: |
Considered foreign content - must fall within 25% foreign
content limit |
| Performance: |
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| |
Annual return of the Emerald
International Equity Fund vs. MSCI EAFE Index.
For periods ending December 31, 2000:
|
| |
2000 |
1999 |
1998 |
1997 |
1996 |
1995 |
1994 |
1993 |
| Fund |
-11.34% |
19.83% |
30.09% |
5.63% |
6.92% |
- |
- |
- |
| Benchmark |
-11.17% |
19.96% |
28.95% |
6.16% |
6.56% |
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Annualized total returns of the
Emerald International Equity Fund vs. MSCI EAFE Index.
For periods ending December 31, 2000: |
| 1 Year |
2 Years |
3 Years |
4 Years |
5 Years |
Since
Inception |
| Fund |
-11.34% |
3.07% |
11.39% |
9.92% |
9.31% |
8.81% |
| Benchmark |
-11.17% |
3.23% |
11.18% |
9.90% |
9.22% |
8.79% |
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