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 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. For non-government sectors, we use our valuation metrics to appraise opportunities in credit sectors, sub-sectors and individual issues.

MONDRIAN

ESG Integration

At Mondrian, we would consider any security within a given universe if we feel it offers compelling long-term risk-adjusted returns. Mondrian’s long-term, fundamental research process has always demanded that analysts strive to consider all material risks that could influence a security or market’s valuation, including those factors rooted in environmental, social, and governance concerns.

Investment Vehicles

International Equities

International Equity

Benchmark: MSCI EAFE Index · Year of inception: 1991

investment counsel

International Equity ESG

Benchmark: MSCI EAFE Index · Year of inception: 2016

financial objectives

Focused International Equity

Benchmark: MSCI EAFE Index · Year of inception: 2000

financial objectives

All Countries World ex US

Benchmark: MSCI EAFE Index · Year of inception: 1991

financial objectives

International Equity ADR (SMA)

Benchmark: MSCI EAFE Index · Year of inception: 2009

market insights

Focused All Countries World ex US

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

financial objectives

Global Equity

Benchmark: MSCI EAFE Index · Year of inception: 1991

investment portfolio

Global Equity ESG

Benchmark: MSCI EAFE Index · Year of inception: 2019

financial objectives

Global All Countries World

Benchmark: MSCI AC World Index · Year of inception: 2002

financial objectives

U.S. Large Cap Equity

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

financial objectives

Emerging Markets

Benchmark: MSCI EM Index · Year of inception: 1996

wealth advisory

China Concentrated Equity

Benchmark: MSCI China All Shares Index · Year of inc.: 2019

financial objectives

Emerging Markets ADR

Benchmark: MSCI EM Index · Year of inception: 2019

market analysis

International Small Cap

Benchmark: MSCI World ex-US SC Index · Year of inception: 1998

financial objectives

Emerging Markets Small Cap

Benchmark: MSCI EM Small Cap Index · Year of inception: 2011

financial objectives

U.S. Core Fixed Income

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

investment counsel

Global Fixed Income

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

global strategy

Global Inflation Linked

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

investment counsel

Global Debt Opportunities

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

investment counsel

Global Aggregate

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

investment counsel

International Aggregate

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

investment counsel

Global Green Bonds

Benchmark: Bloomberg Barclays MSCI Green Bond Index · Year of inception: 2020

global strategy

Emerging Markets Local Currency Debt

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

investment counsel

Other Investment Vehicles

financial planning

Collective Investment Trusts (CITs)

CITs are similar to mutual funds, but have different fee structures and reporting requirements. CITs are a form of a bank trust and are only available to qualified pension plans in the US.

portfolio management

Limited Partnerships

We make most of our investment strategies available in privately offered institutional limited partnerships, which are a form of commingled or pooled funds.

investment research

Canadian Fund

Vehicles specific for Canadian investors are available for select strategies.

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North American Investors

201 King of Prussia Road
Suite 620
Radnor, PA 19087 
United States

Non-North American Investors

Tenth Floor
Sixty London Wall
London EC2M 5TQ
United Kingdom

Asia-Pacific

Unit 2704
6 Battery Road
Singapore
049909