While market strength and the relative resilience of economies are encouraging, recent fiscal policy announcements highlight the uncertainty that continues to govern the pandemic response.
INVESTMENT CAPABILITIES
U.S. Large Cap Equity
This strategy invests in U.S. large cap securities. The portfolio ranges from 25 to 35 companies and clients typically benchmark the strategy to the Russell 1000 Value Index. Click here to learn about Mondrian’s Global Equity investment team, which manages our U.S. Large Cap Equity Strategy.
Why Mondrian for U.S. Large Cap Equity?
- A value approach which emphasizes yield and future real growth in dividends
- Consistent dividend discount methodology which compares value across all securities, markets and sectors
- Analysis of central, best and worst case scenarios
- In-depth worldwide fundamental research
- Long-term Purchasing Power Parity approach to currency analysis
- Seek to produce meaningfully high real returns
- Aim to preserve capital during global market decline
- Focused portfolios with strong value characteristic
- Long-term focus has resulted in low turnover and reduced transaction costs
Performance
As of June 30, 2021
Annualized
Calendar Year
Defensive Characteristics
Mondrian U.S. Large Cap Equity Composite (USD)
Inception date: January 1, 2006
Index returns are shown with net dividends reinvested.
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.
Mondrian Investment Partners Limited (“Mondrian”) claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. A GIPS Composite Report is available on request from mondrian.website@mondrian.com.
This introductory material is for informational purposes only and is not an offer or solicitation with respect to any securities. Any offer of securities can only be made by written offering materials, which are available solely upon request, on an exclusively private basis and only to qualified financially sophisticated investors residing in jurisdictions consistent with Mondrian’s regulatory authorizations. The information set forth herein is a summary only and does not set forth all of the risks associated with the investment strategy described herein. Â
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.
These materials 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.
Calculations for P/E, P/B, dividend yield, sector country allocations, market caps, yield to maturity, modified duration, average maturity, average quality and country allocations are based on generally accepted industry standards. All characteristics are based on a representative account and derived by first calculating the characteristics for each security, and then calculating the weighted average of these values. The details of exact calculations can be provided upon request. All characteristic data provided is produced using Mondrian’s accounting system data.
There can be no assurance that the investment objectives of the strategy will be achieved.
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The Russell data contained herein is a trademark of the Frank Russell Company. Russell® is a trademark of the Frank Russell Company.
As of June 30, 2021
Characteristics
Sector Allocation
Top 10
| Characteristic | ||
|---|---|---|
| P/E (trailing 12 months) | ||
| P/B (trailing 12 months) | ||
| Price/Cash Flow | ||
| Dividend Yield (%) | ||
| Number of Holdings | ||
| Weighted Average Market Cap (million, USD) | ||
| Median Market Cap (million, USD) | ||
| Information Ratio (3 years) |
Source: Mondrian Investment Partners/MSCI
News and Insights
COVID caused a seismic shock in countries across the world, leading to steep declines in global markets. Today, there remain significant mispricing opportunities and we believe the skew is clearly in favor of defensive, value investing.
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© 2021 Mondrian Investment Partners Limited is authorised and regulated by the Financial Conduct Authority – Firm Reference Number 149507.
All information is as of March 31, 2021 unless otherwise noted.