While market strength and the relative resilience of economies are encouraging, recent fiscal policy announcements highlight the uncertainty that continues to govern the pandemic response.
US MUTUAL FUNDS
Global Equity Value Fund
Our global equity strategy dates back to 1991 and has utilized the same philosophy and process described below. In total, we manage over USD 2 billion in global equity assets.
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Fund Objective
The Mondrian Global Equity Value Fund seeks long-term total return.
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Fund Overview
Ticker
Net Expense Ratio*
Gross Expense Ratio
Sales Charge
Inception Date
MPGVX
0.74%
3.44%
None
06/30/2020
Benchmark
Minimum Initial Investment
Minimum Subsequent Investment
CUSIP
MSCI All Countries World
$50,000
$100
36381Y702
Mondrian Investment Partners Limited (the “Adviser”) 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 and non-routine expenses) from exceeding 0.74% of the Fund’s average daily net assets until February 28, 2023.
This agreement may be terminated: (i) by the Board of Trustees (the “Board”) of Gallery Trust (the “Trust”), for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2023.
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The MSCI All Country World Index is a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world representing large and mid-cap stocks across 23 developed and 26 emerging markets.
The Fund is non-diversified.
Management Team
CIO Global Equities
Years with Mondrian: 15
Years with Industry: 21
Ms. Gan is a Commerce graduate from the University of Melbourne, Australia and holds a Masters of Commerce degree from the University of New South Wales, Australia. Prior to joining Mondrian in 2005, she was a consultant at Accenture, specialising in the financial services sector, firstly in Singapore and subsequently in the UK. Ms. Gan has extensive experience in developed markets working initially within the Mondrian Non-US Equity Team, before her current role heading up the Global Equity team. Her research responsibilities include coverage of US, Singapore and Australian markets. Ms. Gan is a CPA (Australia) and CFA Charterholder. She is also a member of the CPA Australia, the CFA Institute and the CFA Society of the UK.
Portfolio Manager
Years with Mondrian: 12
Years with Industry: 13
Mr. Francken is a graduate of Exeter College, Oxford University and Emmanuel College, Cambridge University and holds an MBA in Finance from London Business School. Prior to joining Mondrian in 2009, he worked for Investec Asset Management. Mr. Francken is a portfolio manager in the Global Team. Mr. Francken is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.
Portfolio Manager
Years with Mondrian: 4
Years with Industry: 8
Mr. Hill graduated from the University of Oxford in 2009 with a BA (Hons) in Classics. He started his career at Deloitte LLP, where he qualified as a Chartered Accountant in the Corporate International Tax practice. Prior to joining Mondrian’s Global Equity team in 2016, Mr. Hill also spent time as a Fund Manager at Neptune Investment Management. Mr. Hill is a CFA Charterholder and is a member of the CFA Institute and the Institute of Chartered Accountants of England and Wales.
Performance
As of June 30, 2021
Annualized
Mondrian Global Equity Value Fund (USD)
Returns are annualized for periods over 1 year.
Fund Inception June 30, 2020.
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.
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 0.74% of the Fund’s average daily net assets until February 28, 2023. The Fund is non-diversified.
The MSCI All Country World Index is a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world representing large and mid-cap stocks across 23 developed and 26 emerging markets.
As of June 30, 2021
Characteristics
Country Allocation
Sector Allocation
Top 10
| Characteristic | ||
|---|---|---|
| P/E (trailing 12 months) | ||
| P/B (trailing 12 months) | ||
| Price/Cash Flow | ||
| Number of Holdings | ||
| Weighted Average Market Cap (million, USD) | ||
| Median Market Cap (million, USD) |
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.Â
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.Â
News and Insights
The past decade has been a challenging period for value investors: record low interest rates and structural changes in the economy have caused investors to shun value stocks in favor of growth stocks.
Literature
Fund Literature
Regulatory Documents
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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© 2021 Mondrian Investment Partners Limited is authorised and regulated by the Financial Conduct Authority – Firm Reference Number 149507.
All information is as of March 31, 2021 unless otherwise noted.
