SGA's International Growth portfolio returned 12.3% (Gross) and 12.1% (Net) in Q4 versus 9.8% for the MSCI ACWI ex USA Index and 11.1% for the MSCI ACWI ex USA Growth Index.
International Growth annualized returns: 1 Year 18.8% (Gross), 17.8% (Net); 5 Year 12.0% (Gross), 11.0% (Net); Since Inception: 8.4% (Gross), 7.5% (Net).
MSCI ACWI ex USA Index annualized returns: 1 Year 15.6%; 5 Year 7.1%; Since Inception: 4.2%.