Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
Income Opportunities
U.S. Equities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

International Value Fund - Institutional (JNUSX)

International Value Fund - Institutional (JNUSX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources


The Fund seeks to provide high total return from a portfolio of foreign company equity securities.

Strategy/Investment process

  • Invests in established companies located in developed overseas markets.
  • Applies a value-oriented strategy to find stocks selling at attractive prices.
  • Employs a global network of research analysts to find the most promising opportunities.
  • Seeks to minimize risk through stock selection, country allocation and currency management.
Performance basics
  Annualized returns (as of 3/31/2015)
  1 Year 3 Year 5 Year 10 Year
at NAV -4.60% 6.14% 4.71% 5.09%
MSCI EAFE Value Index (net of foreign withholding taxes) -2.90% 9.03% 5.27% 4.23%
Lipper International Large-Cap Value Funds Average -3.26% 7.10% 4.58% 4.75%

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Annual operating expenses (%)
Expense cap expiration date 02/29/2016
Expense cap 0.95%
Total annual operating expenses 0.97%
Fee waivers and/or expense reimbursements 0.02%
Net expenses 0.95%

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 3/31/2015)
Morningstar overall rating: (305 funds)
Morningstar category: Foreign Large Value

Overall rating Institutional Shares; Foreign Large Value Category; 305 funds. Three year rating 2 stars; 305 funds. Five year rating 2 stars; 259 funds. Ten year rating 3 stars; 130 funds.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $3M Regular No Minimum.
IRA $3M IRA No Minimum.
Daily stats (as of 4/17/2015)
$14.21 7.16%
$0.19 | -1.32%  
52 Week High $15.78
52 Week Low $12.74
Net Asset Class $1,951,031,903.15
Net Asset Fund $2,872,292,277.96
Ticker JNUSX
CUSIP 4812A0573
Share Class Inception Date 11/04/1993
Fund Number 1375
Asset Class International Equity
Cut-off time1 4:00 P.M.

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations.

1Please refer to the prospectus for additional information about cut-off times.

The MSCI EAFE (Europe, Australia, Far East) Value Index (net of foreign withholding taxes) is a free float-adjusted market capitalization weighted index that is designed to measure the performance of value-oriented stocks in developed markets, excluding the U.S. and Canada. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. Total return figures assume the reinvestment of dividends. The dividend is reinvested after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties. An individual cannot invest directly in an index.

The performance of the Lipper International Large-Cap Value Funds Average includes expenses associated with a mutual fund, such as investment management fee. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2015, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.