Best- and worst-performing international equity funds

MAR 18, 2014

By dsouthwood

EMERGING MARKETS
Top 10	Portfolio net assets ($M)	1-year return	3-year return	5-year return	Expense ratio*
Morgan Stanley Frontier Emerging Markets I (MFMIX)	$223.8	33.9%	7.2%	13.1%	1.9%
T. Rowe Price Institutional Africa & Middle East Fund (TRIAX)	$192.4	24.7%	7.3%	12.3%	1.3%
T. Rowe Price Africa & Middle East Fund (TRAMX)	$181.5	24.6%	7.1%	11.5%	1.5%
Wasatch Frontier Emerging Small Countries Inv (WAFMX)	$858.5	21.5%	N/A	N/A	2.3%
William Blair Emerging Markets Small Cap Growth I (BESIX)	$153.7	18.7%	N/A	N/A	1.4%
Thornburg Developing World Fund I (THDIX)	$1,698.4	17.9%	6.7%	N/A	1.1%
Delaware Emerging Markets Fund Institutional (DEMIX)	$2,658.4	17.8%	2.6%	18.6%	1.5%
Harding Loevner Frontier Emerging Mkts Port Inst (HLFMX)	$300.9	17.7%	3.2%	15.0%	2.0%
Van Eck Emerging Markets Fund A (GBFAX)	$196.8	13.5%	2.5%	26.1%	1.7%
Driehaus Emerging Markets Small Cap Growth Fund (DRESX)	$185.1	13.3%	7.2%	20.9%	2.0%
Bottom 5
Touchstone Emerging Markets Equity Fund Institutional (TMEIX)	$371.3	-8.9%	-2.8%	N/A	1.3%
Laudus Mondrian Emerging Markets Fund Institutional (LEMNX)	$147.3	-5.2%	-0.3%	13.9%	1.5%
Virtus Emerging Markets Opportunities Fund I (HIEMX)	$8,081.9	-5.0%	4.1%	17.1%	1.4%
Laudus Mondrian Institutional Emerging Markets Institutional (LIEMX)	$354.7	-4.9%	-0.2%	13.9%	1.3%
Legg Mason Batterymarch Emerging Markets Trust C (LMEMX)	$199.8	-4.0%	-5.9%	11.8%	2.3%
Classification total/average	$264,602.9	3.3%	-0.8%	16.0%	1.6%
MSCI EM (Emerging Markets) Total Return USD Index		1.7%	-0.4%	16.6%

INTERNATIONAL SMALL-/MIDCAP GROWTH
Top 10	Portfolio net assets ($M)	1-year return	3-year return	5-year return	Expense ratio*
Oberweis International Opportunities Fund (OBIOX)	$125.1	51.4%	20.5%	30.7%	1.6%
Oppenheimer International Small Company Fund A (OSMAX)	$1,883.1	45.0%	13.1%	36.6%	1.3%
Fidelity Advisor International Small Cap Fund I (FIXIX)	$129.4	36.4%	11.3%	21.1%	1.3%
Hartford International Small Company Fund A (HNSAX)	$324.0	32.8%	12.4%	19.9%	1.6%
AllianzGI International Small-Cap Fund P (ALOPX)	$111.3	30.6%	9.9%	20.7%	1.3%
Lord Abbett International Opportunities Fund A (LAIEX)	$424.9	30.6%	10.3%	20.7%	1.5%
Munder International Small-Cap Fund Y (MYSIX)	$318.1	30.3%	13.4%	21.4%	1.0%
Vanguard International Explorer Fund Investor (VINEX)	$2,326.5	29.3%	7.5%	18.9%	0.4%
American Century International Opps Fund Inv (AIOIX)	$148.0	28.9%	11.7%	20.4%	1.7%
Transamerica International Small Cap I2	$451.1	28.7%	8.0%	19.2%	1.2%
Bottom 5
Invesco International Small Company Fund A (IEGAX)	$564.0	8.7%	7.6%	21.7%	1.5%
Columbia Acorn International Select Z (ACFFX)	$366.2	12.3%	8.4%	16.7%	1.3%
Vanguard FTSE All-World ex-U.S. Small-Cap Index Inv (VFSVX)	$2,015.3	18.1%	4.6%	N/A	0.5%
MFS International New Discovery Fund A (MIDAX)	$4,836.6	18.6%	10.4%	20.1%	1.4%
Westcore International Small-Cap Fund Retail (WTIFX)	$460.2	20.1%	12.9%	26.3%	1.5%
Classification total/average	$36,369.9	25.9%	9.9%	20.7%	1.6%
MSCI EAFE Small Cap Total Return USD Index		29.4%	10.2%	19.7%

JAPANESE
All funds	Portfolio net assets ($M)	1-year return	3-year return	5-year return	Expense ratio*
Fidelity Japan Smaller Companies Fund (FJSCX)	$648.9	52.7%	17.8%	16.9%	1.1%
Matthews Japan Fund Investor (MJFOX)	$359.3	34.4%	11.8%	13.6%	1.2%
T Rowe Price Japan Fund (PRJPX)	$320.9	32.0%	10.5%	9.9%	1.1%
Nomura Japan Fund S (SJPNX)	$182.4	29.9%	7.7%	10.0%	1.7%
Fidelity Japan Fund (FJPNX)	$544.9	27.9%	5.6%	10.9%	1.1%
DFA Japanese Small Company Portfolio Institutional (DFJSX)	$410.9	23.9%	9.5%	10.4%	0.6%
Classification total/average	$2,562.1	28.8%	8.0%	11.6%	1.8%
MSCI Japan Total Return USD		30.2%	6.6%	9.0%

Assets and expense ratio as of Nov. 13; returns as of Dec. 9. Distinct classes and funds with $100 million portfolio minimum only. Excludes leveraged and inverse funds. Funds closed to new investors have been omitted for the top-10 grouping. Rankings are based on unrounded figures. Three-year and five-year returns are annualized. In case of multiple share classes, the oldest share class is listed. N/A = not available (fund has been in operation for less than the year indicated). *Net prospectus Source: Lipper

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