International Small Cap
The Civil War Railroad Bridge
Riverfront; Richmond, VA
The Civil War Railroad Bridge
Riverfront; Richmond, VA
About International Small Cap
Investment Objective
The International Small Cap team seeks to provide a return that outperforms the MSCI EAFE Small Cap Index, net of our management fee, over a full market cycle.
Investment Overview
International Small Cap Equities are a fascinating asset class marked by exceptional diversity, notable growth prospects, and frequent neglect from large investment managers. TSW’s International Small Cap strategy applies a bottom-up, fundamental approach to investing. We seek stocks having a combination of three characteristics: mispriced shares relative to our estimate of intrinsic value, identifiable catalysts for positive change and upside potential that meaningfully exceeds downside risk over an 18- to 36-month time horizon.
Investment Process
TSW employs a disciplined investment process
Strategy Highlights
Repeatability: a tenured team executing a consistently applied process
A tenured team with over a decade of averaged experience working together
A time-tested approach
- Bottom-up, fundamental process
- Searching for mispriced stocks exhibiting signs of positive change
- Seeking favorable reward versus risk profile
- A long-term investment horizon
International Small Cap Trailing Performance
September 30, 2024
Calendar year performance reflects past 10 years of data available.
Benchmark: MSCI EAFE Small Cap Index. The MSCI EAFE Small Cap Index is an equity index which captures small cap representation across Developed Markets countries around the world, excluding the U.S. and Canada. The Index covers approximately 14% of the free float adjusted market capitalization in each country. Benchmark Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Periods less than one year are not annualized. Performance represents the International Small Cap composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Calendar year performance reflects past 10 years of data available.
Benchmark: MSCI EAFE Small Cap Index. The MSCI EAFE Small Cap Index is an equity index which captures small cap representation across Developed Markets countries around the world, excluding the U.S. and Canada. The Index covers approximately 14% of the free float adjusted market capitalization in each country. Benchmark Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Periods less than one year are not annualized. Performance represents the International Small Cap composite. Performance is shown gross and net of management fees and includes reinvestment of dividends and other income. Gross returns will be reduced by investment advisory fees and other expenses that are incurred in the management of the account. Net of fee performance was calculated using the actual management fees charged. These figures have been rounded to the nearest hundredth. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Performance disclosures can be found here.
Please see Risk Disclosures for important information.
Sector Weights
September 30, 2024
Portfolio Characteristics
September 30, 2024
Benchmark: MSCI EAFE Small Cap Index. Source: FactSet, MSCI (October 2024). Sector and region weights are run on a single account in the International Small Cap composite and, due to rounding, may not add up to 100.0%.
Benchmark: MSCI EAFE Small Cap Index. Source: FactSet, MSCI (October 2024). Characteristics are run on a single account in the International Small Cap composite and is subject to change. Turnover data reflects one-year annualized data.
Region Weights
September 30, 2024
Benchmark: MSCI EAFE Small Cap Index. Source: FactSet, MSCI (October 2024). Region weights are run on a single account in the International Small Cap composite and, due to rounding, may not add up to 100.0%.
Meet Our Team
1Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor. Transamerica International Small Cap Value is distributed by Transamerica Capital, Inc., which is not affiliated with Thompson, Siegel & Walmsley LLC or any other affiliate. To request a copy of the prospectus, you may call 1-866-414-6349. Only I share class tickers are shown. Contact the adviser or distributor at the links below for specific share class information.
For more information on Transamerica International Small Cap Value, visit www.transamerica.com or call 1-800-851-7555.
Data as of 09/30/2024