UCITS FUNDS

Global Green Bond Fund EUR Unhedged

The Mondrian Global Green Bond Fund (the Fund) aims to generate returns consistent with the preservation of principal and the generation of income and capital growth over the long term with a focus on investment in green bonds. The Fund intends to invest primarily in a broad range of fixed and/or floating rate debt securities (such as notes and bonds) of governments, their agencies, instrumentalities or political subdivisions and companies, which the Investment Manager classifies as green bonds.
 
The Investment Manager defines green bonds as any type of bond instrument where the proceeds will be applied to finance or refinance in part or in full new and/or existing projects that the Investment Manager believes are beneficial to the environment which include but would not be limited to climate change mitigation and adaption, natural resource and biodiversity conservation and pollution prevention and control. It is intended that in normal market conditions that at least 75% of the Fund’s Net Asset Value will be invested in green bonds, as defined by the Investment Manager.

Investment Philosophy

Fund Facts

Fund Facts 
ISINIE00BMHKTP42
Bloomberg TickerMOGGBEU
SedolBMHKTP4
Total Expense Ratio10.45%
Management Fee0.35%
BenchmarkBloomberg MSCI Global Green Bond Index
Inception DateSeptember 17, 2020
Entry/ exit charge0.0%/ 0.0%
Minimum Initial InvestmentUSD 5,000,000
Minimum Subsequent InvestmentUSD 1,000,000
Base CurrencyEUR
HedgedNo
Fund sizeEUR 2.5 million
Morningstar Rating™2N/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.

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Performance

As of March 31, 2022

Mondrian Global Green Bond Fund (EUR Unhedged)

Inception Date: September 17, 2020
Source: Bloomberg
Past performance is not a guide to future performance. The value of investments and income from then can fall as well as rise and investors may not get back the original amount invested. Performance results marked “Gross” do not reflect deduction of investment advisory fees but are net of transaction costs and withholding tax. Investment returns will be reduced accordingly. Performance returns marked “Net” reflect deduction of investment advisory fees and are calculated by deducting a quarterly indicative fee from the quarterly composite return. Please see important information below.
Periods over 12 months are annualized. 

As of March 31, 2022

Characteristic
Mondrian
Bloomberg MSCI Global Green Bonds Index
Yield to Maturity (%)
2.1
1.9
Modified Duration (years)
7.7
8.1
Average Maturity (years)
8.7
9.1
Average Credit Rating
A+
A+
Number of Issues
38
938
Information Ratio

Source: Mondrian Investment Partners/Bloomberg

News and Insights

two birds in a tree

Mondrian’s Credit Process

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.

mondrian investment partners matt day and paul danaswamy discuss the case for global bonds

Video: The Case for Global Bonds

Reading Time: < 1 minute Senior Portfolio Manager, Matt Day discusses the case for global bonds in this video.

How to Invest

To invest in the fund, please download and read through the documents below and fill out the Account Opening Form.
 
KIID Document
Fund Supplement
Account Opening Form
 
You can buy or sell shares daily (but not on weekends or bank holidays in the UK or Ireland). Orders to buy can be made by submitting a request by 5:00p.m. (Irish time), 3 business days in advance, to the administrator. Orders to sell can be made by submitting a request by 5:00p.m. (Irish time) 2 business days in advance to the administrator.
 
Administrator:
Mondrian Funds plc
C/o Northern Trust International Fund Administration Services (Ireland) Limited
Investor Services Department
George’s Court
54-62 Townsend Street
Dublin 2
Ireland

All UCITS Funds

Emerging Markets Equity Fund

Global Green Bond Fund

Local Currency Emerging Market Debt Fund

Global Fixed Income Fund

Global Equity Fund

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Weighted Average Market Cap

Weighted Average Market Cap – The portfolio-weighted average market capitalizations of all equity securities.

Portfolio Turnover

Portfolio Turnover – A measure of how frequently assets within a fund are bought and sold by the managers.

Price-to-Earnings

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

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

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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