MONDRIAN

Investment Capabilities

Mondrian is an active defensive manager. All of our investment products utilize income-oriented value disciplines that have been successfully applied since our founding in 1990.

Equity Philosophy

In the management of equity assets, we invest in securities where rigorous dividend discount analysis identifies value in terms of the long-term flow of income. Dividend yield and future real growth play a central role in our decision making process and over time the dividend component is expected to be a meaningful portion of the expected total return. Our methodology is applied consistently to individual securities across all markets and industries. Mondrian’s investment approach seeks to generate three specific investment benefits.

Fixed Income Philosophy

We have a disciplined fixed income investment philosophy which has been applied since we were founded in 1990. We invest in global bond markets that best compensate for inflation and sovereign credit risks, measured by a market’s Prospective Real Yield (PRY). We define PRY as the 10-year government bond yield minus Mondrian’s inflation forecast minus Mondrian’s sovereign credit adjustment. Our approach to currency is based on Purchasing Power Parity (PPP) supplemented by our sovereign credit analysis.

ESG Integration

Mondrian believes that the inclusion of ESG factors is essential in understanding risk-adjusted returns for both dedicated ESG and standard strategies. Mondrian’s long-term, fundamental research process has always demanded that analysts strive to consider all material risks that could influence a security’s valuation, including those factors rooted in environmental, social and governance concerns. For more information, please see ESG at Mondrian.

Investment Vehicles

  • All Vehicles
  • Separate Account
  • Commingled Vehicle
  • US Mutual Fund
  • UCITS Fund
  • Managed Account*

International Equities

Benchmark: MSCI EAFE Index │ Year of inception: 1991

Benchmark: MSCI EAFE Index │ Year of inception: 2016

Benchmark: MSCI EAFE Index │ Year of inception: 2000

Benchmark: MSCI EAFE Index │ Year of inception: 2009

Benchmark: MSCI AC World ex-US Index │ Year of inception: 1998

Benchmark: MSCI AC World ex-US Index │ Year of inception: 2006

Global Equities

Benchmark: MSCI World Index │ Year of inception: 1991

Benchmark: MSCI World Index │ Year of inception: 2019

Benchmark: MSCI AC Index │ Year of inception: 2002

Benchmark: Russell 1000 Value Index │ Year of inception: 2006

Emerging Markets Equities

Benchmark: MSCI EM Index │ Year of inception: 1996

Benchmark: MSCI EM Index │ Year of inception: 2015

Benchmark: MSCI EM Index │ Year of inception: 2019

Benchmark: MSCI China All Shares Index │ Year of inception: 2019

Small Cap

Benchmark: MSCI World ex US Small Cap Index │ Year of inception: 1998

Benchmark: MSCI Emerging Markets Small Cap Index │ Year of inception: 2011

Benchmark: Russell 2000 Index │ Year of inception: 2015

Fixed Income

Benchmark: Bloomberg Barclays US Aggregate Index │ Year of inception: 2009

Benchmark: FTSE World Government Bond Index │ Year of inception: 1991

Benchmark: FTSE Non-US World Government Bond Index │ Year of inception: 1993

Benchmark: Bloomberg Barclays World Government Bond Inflation-Linked Bond Index │ Year of inception: 2010

Benchmark: 80% FTSE World Government Bond Index 20% JP Morgan GBI-EM Global Diversified │ Year of inception: 2007

Benchmark: Bloomberg Barclays Global Agg. Bond Index │ Year of inception: 2003

Benchmark: Bloomberg Barclays Global Aggregate Bond ex-US Index │ Year of inception: 2003

Benchmark: Bloomberg Barclays Euro Aggregate Bond Index │ Year of inception: 2004

Bloomberg Barclays MSCI Green Bond Index │ Year of inception: 2020

Benchmark: JP Morgan GBI-EM Global Diversified │ Year of inception: 2006

Benchmark: JP Morgan EMBI Global Diversified │ Year of inception: 2016

Benchmark: 50% JP Morgan GBI-EM Global Diversified, 50% JP Morgan EMBI Global Diversified │ Year of inception: 2016

International Equities

Benchmark: MSCI EAFE Index

Benchmark: MSCI EAFE Index

Benchmark: MSCI EAFE Index

Benchmark: MSCI EAFE Index

Benchmark: MSCI AC World ex-US Index

Benchmark: MSCI AC World ex-US Index

Global Equities

Benchmark: MSCI World Index

Benchmark: MSCI World Index

Benchmark: MSCI AC Index

Benchmark: Russell 1000 Value Index

Emerging Markets Equities

Benchmark: MSCI EM Index

Benchmark: MSCI EM Index

Benchmark: MSCI EM Index

Benchmark: MSCI EM Index

Benchmark: MSCI China All Shares Index

Small Cap

Benchmark: MSCI World ex US Small Cap Index

Benchmark: MSCI Emerging Markets Small Cap Index

Benchmark: Russell 2000 Index

Fixed Income

Benchmark: Bloomberg Barclays US Aggregate Index

Benchmark: FTSE World Government Bond Index

Benchmark: FTSE Non-US World Government Bond Index

Benchmark: Bloomberg Barclays World Government Bond Inflation-Linked Bond Index

Benchmark: 80% FTSE World Government Bond Index 20% JP Morgan GBI-EM Global Diversified │ Year of inception: 2007

Benchmark: Bloomberg Barclays Global Agg. Bond Index

Benchmark: Bloomberg Barclays Global Aggregate Bond ex-US Index

Benchmark: Bloomberg Barclays Euro Aggregate Bond Index

Bloomberg Barclays MSCI Green Bond Index

Benchmark: JP Morgan GBI-EM Global Diversified

Benchmark: JP Morgan EMBI Global Diversified

Benchmark: 50% JP Morgan GBI-EM Global Diversified, 50% JP Morgan EMBI Global Diversified

International Equities

Benchmark: MSCI EAFE Index