Mondrian International Value Equity Fund


Defensive Characteristics

The below chart illustrates Mondrian’s consistent style of outperforming in most down markets, while capturing most of the upside in rising markets.  This results in achieving outperformance over the long-term.

A bull market quarter is defined as one in which the index showed a positive return, and a bear market quarter when the index showed a negative return.

Since Inception February 4th, 1992 to June 30th, 2020

Bull Market% Bear Market% Total
Mondrian International Value Equity Fund 25.2 -19.8 6.3
MSCI EAFE Index 28.2 -25.6 5.0
US Consumer Price Index 0 0 2.2

Quarter-End Performance June 30th, 2020

Quarter-End YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mondrian International Value Equity Fund 9.54% -19.30% -13.12% -3.06% -0.65% 4.41% 6.33%
MSCI EAFE (net) 14.88% -11.34% -5.13% 0.81% 2.05% 5.73% 4.98%
MSCI EAFE Value 12.43% -19.27% -14.48% -4.43% -1.59% 3.53% N/A
Mondrian International Value Equity Fund
1 Year
3 Year
5 Year
10 Year
Since Inception

Returns are annualized for periods over 1 year.

Fund Inception February 4th, 1992.

The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, please call 888-832-4386. NAV returns since inception of February 4th, 1992 when the Fund was the Delaware Pooled Trust International Equity Fund. The Fund was reorganized into the Mondrian International Equity Fund on March 14th, 2016. It continues to be managed in the same way.

Gross expense ratio: 0.89%, net expense ratio: 0.79%. Mondrian Investment Partners Limited (the “Advisor”) has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and non-routine expenses from exceeding 0.79% of the Fund’s average daily net assets until February 28th, 2021.

Growth of $10,000 June 30th, 2020

Mondrian International Value Equity Fund 57277

Effective March 1, 2019, The Fund changed it’s name to the Mondrian International Value Equity Fund (formerly Mondrian International Equity Fund).

The MSCI EAFE Index (Europe, Australasia, Far East) is a free float adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US and Canada. Index returns are shown with net dividends reinvested.

The MSCI EAFE Value Index captures large and mid cap securities exhibiting overall value style characteristics across Developed Markets countries around the world, excluding the US and Canada. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.

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