US MUTUAL FUNDS

Emerging Markets Value Equity Fund

Our emerging markets equity strategy dates back to 1996 and has utilized the same philosophy and process described below. In total, we manage over $7 billion in emerging markets assets.

Fund Objective

The Mondrian Emerging Markets Value Equity Fund (formerly Mondrian Emerging Markets Equity Fund) seeks long-term capital appreciation.

Fund Overview

  
TickerMPEMX
Net Expense Ratio*0.92%
Gross Expense Ratio1.39%
Sales ChargeNone
Inception Date11/02/2007
BenchmarkMSCI Emerging Markets
Minimum Initial Investment$50,000
Minimum Subsequent Investment$100
CUSIP36381Y207
Effective March 1, 2019, The Fund changed its name to the Mondrian Emerging Markets Value Equity Fund (formerly Mondrian Emerging Markets Equity Fund), the ticker to MPEMX (formerly LEMNX) and the minimum initial investment to $50,000 (formerly $1 million).
The Fund was previously the Laudus Mondrian Emerging Markets Fund and was reorganized into the Mondrian Emerging Markets Equity Fund effective September 24, 2018. The Fund continues to be managed in the same way.
*Effective September 24, 2018, Mondrian Investment Partners Limited (the “Advisor”) has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses from exceeding 0.92% of the Fund’s average daily net assets until February 28, 2024.
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Management Team

Asset management at Mondrian is carried out by a well-resourced, highly experienced and stable group of approximately 55 investment professionals in our London office. All of our investment staff work in a team structure and share a common investment philosophy and process.
 
Our Emerging Markets Equity Team is responsible for the management of the Mondrian Emerging Markets Value Equity Mutual Fund. Under the leadership of CIO Andrew Miller, seven seasoned professionals work together in a collegial environment utilizing income-oriented value disciplines that have been successfully applied for over two decades.
 
Within this broader team structure, the named portfolio managers below are primarily involved in the management of the Mondrian Emerging Markets Value Equity Fund.

Named Portfolio Managers

diversified

Andrew Miller

CIO Emerging Markets Equities, Managing Partner

international small cap

Ginny Chong

Head of Chinese Equities

Performance

As of September 30, 2022

Returns are annualized for periods over 1 year.
Fund Inception November 2, 2007.
The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, please call 888-832-4386. NAV returns since inception of November 2nd, 2007 when the Fund was the Laudus Mondrian Emerging Markets Fund. The Fund was reorganized into the Mondrian Emerging Markets Equity Fund on September 24, 2018. It continues to be managed in the same way.
Effective September 24, 2018, Mondrian Investment Partners Limited (the “Advisor”) has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses from exceeding 0.92% of the Fund’s average daily net assets until February 28, 2023.
 
Effective March 1, 2019, The Fund changed its name to the Mondrian Emerging Markets Value Equity Fund (formerly Mondrian Emerging Markets Equity Fund).
 
The MSCI Emerging Markets Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global emerging markets. This series approximates the minimum possible dividend reinvestment. The returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
The below chart illustrates Mondrian’s consistent style of outperforming in most down markets, while capturing most of the upside in rising markets. This results in achieving outperformance over the long-term.
 

A bull market quarter is defined as one in which the index showed a positive return, and a bear market quarter when the index showed a negative return.

Since Inception November 2nd, 2007 to September 30th, 2020

Returns are annualized for periods over 1 year.
Fund Inception November 2, 2007.
The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, please call 888-832-4386. NAV returns since inception of November 2nd, 2007 when the Fund was the Laudus Mondrian Emerging Markets Fund. The Fund was reorganized into the Mondrian Emerging Markets Equity Fund on September 24, 2018. It continues to be managed in the same way.
Effective September 24, 2018, Mondrian Investment Partners Limited (the “Advisor”) has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses from exceeding 0.92% of the Fund’s average daily net assets until February 28, 2023.
 
Effective March 1, 2019, The Fund changed its name to the Mondrian Emerging Markets Value Equity Fund (formerly Mondrian Emerging Markets Equity Fund).
 
The MSCI Emerging Markets Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market performance in the global emerging markets. This series approximates the minimum possible dividend reinvestment. The returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.

As of September 30, 2022

Characteristic
Mondrian Fund
MSCI EM Index
P/E* (trailing 12 months)
10.1
11.5
P/B (trailing 12 months)
1.5
1.5
Price/Cash Flow
7.2
7.7
Number of Holdings
50
1,387
Weighted Average Market Cap (million, USD)
73,121

77,992

Median Market Cap (million, USD)
26,711
3,450

* The above P/E includes positions with a negative P/E ratio resulting in distorted data. The Fund’s P/E excluding these positions is 12.4.

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.
Price to Cash Flow – The Price to Cash Flow Ratio is the ratio of a stocks price to its cash flow per share. 
Weighted Average Market Cap – The portfolio-weighted average market capitalizations of all equity securities.
Median Market Cap – The median market capitalization of all equity securities.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent. 

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Literature

This website is intended for persons in the United States only.

To determine if the Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk, and charges and expenses. This and other information can be found in the Fund’s full and summary prospectus which can be obtained by calling 888-832-4386 or by visiting www.mondrian.com/mutualfunds. Please read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. International investments entail risks not ordinarily associated with U.S. investments including fluctuation in currency values, differences in accounting principles, or economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. Concentration in infrastructure-related securities involves sector risk and concentration risk, particularly greater exposure to adverse economic, regulatory, political, legal, liquidity, and tax risks associated with MLPs and REITs. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses.

The Mondrian Investment Partners Limited Funds are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with the advisor, Mondrian Investment Partners Limited.

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