UCITS FUNDS

Emerging Markets Equity Fund*

The Mondrian Emerging Markets Equity Fund* (the Fund) aims to achieve long-term total return.
The Fund intends to invest primarily in a small number of large capitalisation (companies that have a market value of greater than US$3.5 billion) emerging market equity securities. The Fund will typically hold a portfolio of approximately 50 securities at any one time. The future value of dividends will also be considered when choosing shares for the Fund. The Fund’s investment approach means it can invest significantly in particular companies and industries which may impact the value of your investment. This means it will typically hold fewer investments than other funds.

Fund Facts (USD, unhedged)

As of September 30, 2020

ISIN
Bloomberg Ticker
Sedol
Ongoing Charge1
Management Fee
Benchmark
Inception Date

IE00B8GBK575
MONFEME
B8GBK57
0.95%
0.70%
MSCI Emerging Market Index
August 1, 2014

Entry/Exit Charge
Min. Initial Investment
Min. Subsequent Investment
Base Currency
Hedged
Fund Size
Morningstar Rating™2

0.40%/ 0.45%
USD 5,000,000
USD 1,000,000
USD
No
USD 28.3 million
★★

1The Ongoing Charge is estimated and includes the management fee and administrative expenses. The Ongoing Charge includes an administrative expenses cap of 0.25%. This cap does not include transaction related expenses and any non-recurring expenses.

2© 2020 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.

*The full name of the Fund is the Mondrian Focused Emerging Markets Equity Fund

Investment Philosophy

Performance

As of September 30, 2020

Mondrian Emerging Markets Equity Fund (USD)*

Fund launch date: August 1, 2014
Fund NAV performance returns shown. Past performance of the Share Class is calculated in USD. Performance is calculated after the deduction of ongoing charges and is inclusive of gross income reinvested. The Fund’s investment performance is measured against the MSCI Emerging Markets Index. Past performance is not a guide to future performance.
*The full name of the Fund is the Mondrian Focused Emerging Markets Equity Fund.

Portfolio

As of September 30, 2020

Characteristic
Mondrian Fund
MSCI EM Index
P/E (trailing 12 months)
15.7
18.6
P/B (trailing 12 months)
2
1.7
Price/Cash Flow
11.6
11.3
Dividend Yield (%)
2.6
2.3
Number of Holdings
45
1,387
Weighted Average Market Cap (million, USD)
182,903
169,210
Median Market Cap (million, USD)
27,657
3,476
Information Ratio (3 Years)
-0.27
-

Source: Mondrian Investment Partners/MSCI
*The full name of the Fund is the Mondrian Focused Emerging Markets Equity Fund.

Further details, including risks, fees and expenses, are set out in the current Prospectus, Supplements and Key Investor Information Documents (KIIDs) below. Read carefully before investing.
Calculations for P/E, P/B, dividend yield and market caps 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 interests in the Fund will fluctuate. When a withdrawal is made, the interests 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 Supplement, as each may be amended or modified from time to time in accordance with their terms. The Fund is not managed in accordance with the individual guidelines of any one investor.
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 provided is net of Transaction Expenses, Administrative Expenses and Management Fees but gross of Subscription Charges and Redemption Charges (each as described in the Prospectus and Supplement). Subscription Charges and Redemption Charges are automatically deducted from subscription payments and redemption proceeds. Investor returns will be reduced by Subscription Charges and Redemption Charges paid.
The MSCI Emerging Markets Net Index return data is presented. The MSCI Emerging Markets Net Index assumes the reinvestment of dividends after the deduction of withholding tax and approximates the minimum possible dividend re-investment.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
This information is confidential and only for the use of investors 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’s CEO/Group CIO, Clive Gillmore, was one of three featured presenters on P&I’s Managing Volatility Amid the Coronavirus webinar in early May. The panelists discussed the recent spike in the markets and economic volatility, what investors might expect for the long term and the implications of corporate bailouts for investors.

As featured recently in Fin daily, “Asset Managers Have Clashing Views On Coronavirus Severity: Webinar,” Clive Gillmore, Group CIO and CEO of Mondrian, provided insight and perspective on the international investment landscape and the coronavirus.

After the MSCI Emerging Markets Index (“Index”) fell 15% in 2018, the Index bounced back in 2019 posting an 18.4% rise.

Ginny Chong, Senior Portfolio Manager at Mondrian was recently interviewed by Chief Investment Officer magazine in the article “Is China Unstoppable?” Ms. Chong commented on the extent that the authoritarian Chinese government is an inhibiting force to innovative thinking.

Value has somewhat different meanings depending on one’s specific interpretation. We thought it would be interesting to further expand, and give our explanation of Mondrian’s emerging market portfolio value credentials by looking through a few different lenses.

At the African National Congress (ANC) election in December 2017, Cyril Ramaphosa was elected as the new leader of the party, replacing the ineffective and corrupt incumbent Jacob Zuma. Pure relief at a change of leader led to such exuberance in financial markets that the phrase ‘Ramaphoria’ was coined.

Other UCITS Funds

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

Literature

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© 2020 Mondrian Investment Partners Limited is authorised and regulated by the Financial Conduct Authority – Firm Reference Number 149507.
All information is as of September 30, 2020 unless otherwise noted.

North American Investors

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Radnor, PA 19087 
United States

Non-North American Investors

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United Kingdom

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