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, bonds and treasury bills) 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, climate change adaptation, natural resource conservation, biodiversity conservation and pollution prevention and control. It is intended that in normal market conditions 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 2.2 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 June 30, 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 June 30, 2022

Characteristic
Mondrian
Bloomberg MSCI Global Green Bonds Index
Yield to Maturity (%)
3.7
3.0
Modified Duration (years)
7.7
7.8
Average Maturity (years)
9.0
8.9
Average Credit Rating
A+
A+
Number of Issues
40
1,005
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 Bloomberg MSCI Green Bond Index is a multi-currency local debt index of investment grade fixed income securities which are classified by their environmental use of proceeds. 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). 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.

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News and Insights

mondrian

Reading Time: 2 minutes Inflation prints will almost inevitably step up during the course of this year as a consequence of a return towards normality. However, any rise should be limited.

green stalks in a field

Reading Time: 2 minutes There is still an opportunity for green finance now as well as in the future to facilitate the transition to greener, more sustainable ways of doing business.

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

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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