
SGA’s International Growth portfolio returned 12.1% (gross) and 11.9% (net) in Q4 versus 14.3% for the MSCI ACWI ex USA Index and 12.9% for the MSCI ACWI ex USA Growth Index.
International Growth annualized returns: 1 Year -17.7% (gross), -18.4% (net); 5 Year 5.3% (gross), 4.5% (net); Since Inception: 7.1% (gross), 6.2% (net).
MSCI ACWI ex USA (Net TR) annualized returns: 1 Year -16.0%; 5 Year 0.9%; Since Inception: 2.8%.