There are variety of international stock mutual funds. One of these funds is Small/ Mid cap International stock fund. The following is the review of Wescore International Small Cap Fund. It is considered as one of the best small / mid growth international equity fund.
Westcore International Small Cap Fund (MUTF: WTIFX)
The Westcore International Small-Cap fund’s objective is to seek long-term capital growth. The fund invests mainly in the under value common stock of approximately 35 to 60 foreign small-cap companies per the fund management’s assessment. It invests majority of net assets (>80%) in foreign small-cap companies in developed countries which are companies with <$3.5 billion market capitalizations. This Westcore fund may also invest in emerging markets and/or in U.S.-based companies.
Note: This Westcore International Small-Cap Fund is previously known as Westcore International Frontier
WTIFX Fund Details
This foreign small/mid growth stock fund has an annual expense ratio of 1.50%. This expense fee is comparable to the average expense fee in the Foreign Small/ Mid Growth category which is 1.63%. John Fenley is the lead fund manager of this Westcore fund since October 2003. This is also a no load fund, which means it doesn’t charge any sales load fee. It also doesn’t have any 12b1 fee. This fund also has a dividend yield of 0.49% over the past 12 months. The benchmark of this fund is MSCI EAFE Small-Cap.
This international stock fund has returned 33.36% over the past 1 year and 8.51% over the past decade. It has recorded the best one year return in 2009 with 64.17% return within its 7 years of positive return. WTIFX has a 3-star rating from Morningstar.
Investor may invest in this fund using brokerage account or retirement account (IRA, 401k). To invest, you will need $2,500 initial investment balance for brokerage account. For subsequent investment, you only need $100 or more to add any new funding to your account. Lower initial investment applies for IRA account ($1,000).
Best Foreign Small and Mid Cap Stock Mutual Funds
Investor can buy this Westcore fund from 83 brokerages, such as JP Morgan, T Rowe Price, Merrill Lynch, Schwab, Td Ameritrade Inc, Pershing Fund Center, E Trade Financial, Vanguard NTF, Firstrade NTF, etc. There is no other class available for this fund.
The top sector allocation of this fund as of June 2011 is Industrials (44.7%), Consumer Discretionary (23.7%), Financials (11.0%), Information Technology (10.6%), Health Care (3.9%), Cash & Cash Equivalents (3.9%) and Consumer Staples (2.2%). The top 5 countries of this Westcore fund are Asia – excluding Japan (31.1%), United Kingdom (27.2%), Europe (18.2%), Japan (15.3%) and North America (3.4%).
The top 10 holdings of this best fund as of June 2011 are Credit Corp Group Ltd in Australia, Slater & Gordon Ltd in Australia, Pico Far East Holdings Ltd in Hong Kong, Cardno Ltd in Australia, Aeon Delight Company Ltd in Japan, Morgan Sindall PLC in United Kingdom, IG Group Holdings PLC in United Kingdom, Mitie Group PLC in United Kingdom, Mears Group PLC in United Kingdom and Diploma PLC in Australia. These top ten companies represent 50.3% of total portfolio.
Investing in this top rated stock fund involves risks such as Risk of Loss, Market Risk, Portfolio Management Risk, Foreign Exposure Risk, Currency Risk, Indirect Foreign Exposure Risk, etc. More details about the risks can be found in the fund’s prospectus.
Disclosure: No Position
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Westcore International Small Cap Fund (MUTF: WTIFX)
The Westcore International Small-Cap fund’s objective is to seek long-term capital growth. The fund invests mainly in the under value common stock of approximately 35 to 60 foreign small-cap companies per the fund management’s assessment. It invests majority of net assets (>80%) in foreign small-cap companies in developed countries which are companies with <$3.5 billion market capitalizations. This Westcore fund may also invest in emerging markets and/or in U.S.-based companies.
Note: This Westcore International Small-Cap Fund is previously known as Westcore International Frontier
WTIFX Fund Details
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| Westcore International Small Cap Fund |
- Fund Inception Date: December 15, 1999
- Ticker Symbol: WTIFX
- CUSIP: 957904550
- Beta (3yr): 0.95
- Rank in category (YTD): 4
- Category: Foreign Small/ Mid Growth
- Distribution Rate: 0.49%
- Net Assets: $ 138.04 million
- Sales Load: 0%
- Expense Ratio: 1.50%
- Capital Gains: N/A
- Number of Years Up: 7 years
- Number of Years Down: 4 years
This foreign small/mid growth stock fund has an annual expense ratio of 1.50%. This expense fee is comparable to the average expense fee in the Foreign Small/ Mid Growth category which is 1.63%. John Fenley is the lead fund manager of this Westcore fund since October 2003. This is also a no load fund, which means it doesn’t charge any sales load fee. It also doesn’t have any 12b1 fee. This fund also has a dividend yield of 0.49% over the past 12 months. The benchmark of this fund is MSCI EAFE Small-Cap.
This international stock fund has returned 33.36% over the past 1 year and 8.51% over the past decade. It has recorded the best one year return in 2009 with 64.17% return within its 7 years of positive return. WTIFX has a 3-star rating from Morningstar.
Investor may invest in this fund using brokerage account or retirement account (IRA, 401k). To invest, you will need $2,500 initial investment balance for brokerage account. For subsequent investment, you only need $100 or more to add any new funding to your account. Lower initial investment applies for IRA account ($1,000).
Best Foreign Small and Mid Cap Stock Mutual Funds
Investor can buy this Westcore fund from 83 brokerages, such as JP Morgan, T Rowe Price, Merrill Lynch, Schwab, Td Ameritrade Inc, Pershing Fund Center, E Trade Financial, Vanguard NTF, Firstrade NTF, etc. There is no other class available for this fund.
The top sector allocation of this fund as of June 2011 is Industrials (44.7%), Consumer Discretionary (23.7%), Financials (11.0%), Information Technology (10.6%), Health Care (3.9%), Cash & Cash Equivalents (3.9%) and Consumer Staples (2.2%). The top 5 countries of this Westcore fund are Asia – excluding Japan (31.1%), United Kingdom (27.2%), Europe (18.2%), Japan (15.3%) and North America (3.4%).
The top 10 holdings of this best fund as of June 2011 are Credit Corp Group Ltd in Australia, Slater & Gordon Ltd in Australia, Pico Far East Holdings Ltd in Hong Kong, Cardno Ltd in Australia, Aeon Delight Company Ltd in Japan, Morgan Sindall PLC in United Kingdom, IG Group Holdings PLC in United Kingdom, Mitie Group PLC in United Kingdom, Mears Group PLC in United Kingdom and Diploma PLC in Australia. These top ten companies represent 50.3% of total portfolio.
Investing in this top rated stock fund involves risks such as Risk of Loss, Market Risk, Portfolio Management Risk, Foreign Exposure Risk, Currency Risk, Indirect Foreign Exposure Risk, etc. More details about the risks can be found in the fund’s prospectus.
Disclosure: No Position
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