The Mondrian Global Fixed Income Fund (the Fund) aims to generate current income consistent with the preservation of principal. The Fund intends to invest primarily in a global portfolio of fixed and/or floating rate debt securities denominated in any currency and issued by governmental and supranational issuers located throughout the world that may provide the potential for capital appreciation. The debt securities the Fund invests in will generally be rated BBB- or better by Standard & Poor’s or Baa3 or better by Moody’s Investors Service or if unrated, be deemed to be of comparable quality by the Investment Manager. The Fund may invest in a broad range of debt securities, including government, municipal, sovereign and supranational bonds and other debt securities, instruments and obligations issued by governments, their agencies, instrumentalities or political subdivisions and supranational entities. Types of bonds the Fund may invest in but is not limited to are zero coupon bonds and inflation-linked bonds.
| Fund Facts | |
|---|---|
| ISIN | IE00BNGFS619 |
| Bloomberg Ticker | MOGFIUU |
| Sedol | – |
| Ongoing Charge1 | 0.55% |
| Management Fee | 0.45% |
| Benchmark | FTSE WGBI USD |
| Inception Date | November 2, 2020 |
| Entry/ exit charge | 0.0%/ 0.0% |
| Minimum Initial Investment | EUR 5,000,000 |
| Minimum Subsequent Investment | EUR 1,000,000 |
| Base Currency | EUR |
| Hedged | No |
| Accumulation or Income | Accumulation |
| Fund size | EUR 78.6 million |
| Morningstar Rating™2 | N/A |
1 The Ongoing Charge is estimated and includes the management fee and administrative expenses. The Ongoing Charge includes an administrative expenses cap of 0.10%. 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.
Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund.
As of December 31, 2022
Mondrian Global Fixed Income Fund (USD Unhedged)
As of December 31, 2022
| Characteristic | ||
|---|---|---|
| Yield to Maturity (%) | ||
| Modified Duration (years) | ||
| Average Maturity (years) | ||
| Average Credit Rating | ||
| Number of Issues | ||
| Information Ratio |
Source: Mondrian Investment Partners/Bloomberg
Further details, including risks, fees and expenses, are set out in the current Prospectus, Supplements and Key Investor Information Documents (KIIDs), which can be obtained by visiting www.mondrian/ucits-funds/. Read carefully before investing.
Calculations for Average Coupon, Average Maturity, Modified Duration, Average Quality, and Yield to Maturity are based on generally accepted industry standards.
All Fund characteristics are derived by first calculating the characteristics for each security, and then calculating the weighted average of these values for the Fund. The details of exact calculations can be provided upon request.
Past performance is not indicative of future results. An investment in the Fund involves the risk of loss. The investment return and value of Shares in the Fund will fluctuate. When a redemption is made, the Shares may be worth more or less than when originally purchased.
There can be no assurance that the investment objectives of the Fund will be achieved.
The Fund is managed in accordance with the investment objective and guidelines and other terms and conditions described in the Prospectus and Fund Supplement. The Fund is not managed in accordance with the individual guidelines of any one investor.
The Total Assets of the Fund and the Fund Return are calculated using the official Net Asset Value data of the Fund. All other information has been calculated using Mondrian’s accounting system data, which may differ from official Net Asset Value data of the Fund, for example because of timing of the accounting of Administrative Expenses and pricing for securities.
All performance information is net of Transaction Expenses, Administrative Expenses and Management Fees (each as described in the Supplement to the Prospectus).
The FTSE World Government Bond Index is a market weighted index of world government fixed income securities in which the total market value of the constituent countries is at least $25 billion.
This information is confidential and only for the use of participants in the Fund and their advisers. It may not be redistributed or reproduced, in whole or in part.
Views expressed were current as of the date indicated, are subject to change, and may not reflect current views. Views should not be considered a recommendation to buy, hold or sell any security and should not be relied on as research or investment advice.
We may include forward looking statements. All statements other than statements of historical facts are forward-looking statements (including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should,” “expect”). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Various factors could cause actual results or performance to differ materially from those reflected in such forward-looking statements.
Reading Time: 2 minutes One thing that prior episodes of dollar overvaluation have in common is that they did not last. In each case, the US dollar, as measured by its trade-weighted exchange rate against a basket of its peers, saw a massive depreciation over a multi-year period.
Reading Time: 2 minutes Against the US dollar, the Japanese yen is at a 24-year low. Over the same period, the domestic purchasing power of the dollar has almost halved, whilst that of the yen has barely moved.
©2023 Mondrian Investment Partners Limited is authorized and regulated by the Financial Conduct Authority – Firm Reference Number 149507.
All information is as of December 31, 2022 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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