Reading Time: 4 minutes Mondrian’s approach to credit is designed to identify and overweight the best value credits, consistent with Mondrian’s approach to bond market and currency selection.
The Mondrian Local Currency Emerging Market Debt Fund (the Fund) aims to achieve high current income and long term capital growth. The Fund is actively managed and intends to invest primarily in government and government related fixed-income securities of emerging or developing countries which may be rated investment grade or below investment grade or unrated. A rating agency gives an investment grade rating when it believes that there is a relatively low risk that the issuer of the bond will be unable to make payments. A rating agency gives a below investment grade rating when it believes that there is a high risk that the issuer of the bond will be unable to make payments. In addition to government fixed-income securities, the Fund may also invest in corporate bonds and commercial paper. Investments may be issued in local currencies as well as currencies such as the US dollar or Euros.
Fund Facts | |
---|---|
ISIN | IE00B87TX957 |
Bloomberg Ticker | MNLCEMD |
Sedol | B87TX95 |
Ongoing Charge1 | 0.75% |
Management Fee | 0.55% |
Benchmark | JP Morgan GBI-EM Global Div |
Inception Date | August 1, 2014 |
Entry/Exit Charge | 0.25%/ 0.25% |
Min. Initial Investment | USD 5,000,000 |
Min. Subsequent Investment | USD 1,000,000 |
Base Currency | USD |
Hedged | No |
Fund Size | USD 2.1 million |
Morningstar Rating™2 | ★★★ |
1The Ongoing Charge is estimated and includes the management fee and administrative expenses. The Ongoing Charge includes an administrative expenses cap of 0.20%. This cap does not include transaction related expenses and any non-recurring expenses.
2© 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund.
As of March 31, 2022
Mondrian Local Currency Emerging Market Debt Fund (USD)
Mondrian Local Currency Emerging Market Debt Fund (USD)
As of March 31, 2022
Characteristic | ||
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Yield to Maturity (%) | ||
Modified Duration (years) | ||
Average Maturity (years) | ||
Average Credit Rating | ||
Number of Issues | ||
Information Ratio (3 Years) |
Mondrian Local Currency Emerging Market Debt Fund (USD)
1Bond exposures are calculated in duration weighted terms. Where bond exposure is shown, this represents the portfolio’s exposure to bonds issued by each country. Where currency exposure is shown, this represents the portfolio’s exposure to bonds, cash and forward positions denominated in that currency.
Mondrian Local Currency Emerging Market Debt Fund (USD)
1Bond exposures are calculated in duration weighted terms. Where bond exposure is shown, this represents the portfolio’s exposure to bonds issued by each country. Where currency exposure is shown, this represents the portfolio’s exposure to bonds, cash and forward positions denominated in that currency.
Reading Time: 4 minutes Mondrian’s approach to credit is designed to identify and overweight the best value credits, consistent with Mondrian’s approach to bond market and currency selection.
Reading Time: 4 minutes There has been renewed interest in frontier markets as global bond yields remain low and the continued search for yield widens to evermore niche asset classes.
© 2022 Mondrian Investment Partners Limited is authorized and regulated by the Financial Conduct Authority – Firm Reference Number 149507.
All information is as of December 31, 2021 unless otherwise noted.
Weighted Average Market Cap – The portfolio-weighted average market capitalizations of all equity securities.
Portfolio Turnover – A measure of how frequently assets within a fund are bought and sold by the managers.
Price-to-Earnings – The Price to Earnings Ratio is a stock’s current price divided by the company’s trailing 12-month earnings per share from continuous operations.
Price-to-Book – The Price to Book Ratio links the stock/share price of a company with the book or accounting value of shareholders’ equity per share.
Dividend Yield – The Dividend Yield is the portfolio-weighted average of the annualized gross dividend per share figure of all portfolio holdings.
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