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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.53

$19.3 M

11.79%

$0.89

1.32%

Vitals

YTD Return

2.9%

1 yr return

11.9%

3 Yr Avg Return

-4.1%

5 Yr Avg Return

3.1%

Net Assets

$19.3 M

Holdings in Top 10

36.9%

52 WEEK LOW AND HIGH

$7.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$50,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.53

$19.3 M

11.79%

$0.89

1.32%

MPEMX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 11.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MONDRIAN EMERGING MARKETS VALUE EQUITY FUND
  • Fund Family Name
    Mondrian
  • Inception Date
    Sep 25, 2018
  • Shares Outstanding
    3154829
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Miller

Fund Description

The Fund is an international fund and generally invests in equity securities of emerging market companies that, in the Adviser’s opinion, are undervalued at the time of purchase based on fundamental value analysis employed by the Adviser. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of emerging markets issuers. This 80% investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. For purposes of the Fund’s 80% investment policy, equity securities do not include convertible securities that are not immediately convertible into equity securities.

Normally, the Fund will invest primarily in common stocks. The Fund may also invest in convertible securities and exchange-traded funds (“ETFs”). The Fund may purchase securities of non-U.S. issuers directly or indirectly in the form of American, European or Global depositary receipts or other securities representing underlying shares of non-U.S. issuers. Typically, the Fund invests in securities of approximately 40-60 companies.

The Fund may invest in securities issued in any currency and may hold foreign currency. The Fund may actively carry on hedging activities, and may invest in forward foreign currency exchange contracts to hedge currency risks associated with the purchase of individual securities denominated in a particular currency.

The Fund may invest in derivative instruments, principally futures contracts and forward contracts. The Fund typically uses derivatives as

a substitute for taking a position in the underlying asset or as part of a strategy designed to reduce exposure to other risks.

The Fund considers an “emerging market country” to be any country except the United States, Canada, and those in the MSCI EAFE Index. The Adviser considers an emerging market country security to be one that is issued by a company that exhibits one or more of the following characteristics: (1) the company’s principal securities trading market is in an emerging market country; (2) while traded in any market, alone or on a consolidated basis, the company derives 50% or more of its annual revenues or annual profits from either goods produced, sales made or services performed in emerging market countries; (3) the company has 50% or more of its assets located in an emerging market country; or (4) the company is organized under the laws of, and has a principal office in, an emerging market country.

The Fund may invest in A-Shares of companies based in China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.

The Adviser’s approach in selecting investments for the Fund is primarily oriented to individual stock selection and is value driven. In selecting stocks for the Fund, the Adviser identifies those stocks that it believes will provide high total return over a market cycle, taking into consideration movements in the price of the individual security and the impact of currency fluctuation on a United States domiciled, dollar-based investor. The Adviser conducts fundamental research on a global basis in order to identify securities that, in the Adviser’s opinion, have the potential for long-term total return. This research effort generally centers on a value-oriented dividend discount methodology with respect to individual securities and market analysis that isolates value across country boundaries. The approach focuses on future anticipated dividends, and discounts the value of those dividends back to what they would be worth if they were being received today. In addition, the analysis typically includes a comparison of the values and current market prices of different possible investments. The Adviser’s general management strategy emphasizes long-term holding of securities, although securities may be sold in the Adviser’s discretion without regard to the length of time that they have been held. The Adviser considers material environmental, social, and governance (“ESG”) risks and opportunities as an integrated part of the investment process.

The Fund may buy and sell portfolio securities actively. As a result, the Fund’s portfolio turnover rate and transaction costs will rise, which may lower Fund performance and increase the likelihood of capital gain distributions.

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MPEMX - Performance

Return Ranking - Trailing

Period MPEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -6.1% 14.4% 45.42%
1 Yr 11.9% -6.1% 41.9% 43.53%
3 Yr -4.1%* -22.7% 9.1% 37.88%
5 Yr 3.1%* -7.2% 11.5% 39.40%
10 Yr N/A* -2.3% 6.8% 93.36%

* Annualized

Return Ranking - Calendar

Period MPEMX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -6.5% 35.5% 37.25%
2022 -18.2% -50.1% -2.4% 11.13%
2021 -6.1% -33.1% 22.5% 55.21%
2020 12.1% -22.1% 80.1% 68.97%
2019 15.4% -0.7% 42.0% 69.86%

Total Return Ranking - Trailing

Period MPEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -6.1% 14.4% 45.42%
1 Yr 11.9% -6.1% 41.9% 43.53%
3 Yr -4.1%* -22.7% 9.1% 37.88%
5 Yr 3.1%* -7.2% 11.5% 39.40%
10 Yr N/A* -2.3% 6.8% 93.33%

* Annualized

Total Return Ranking - Calendar

Period MPEMX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -2.7% 42.0% 33.06%
2022 -16.0% -42.2% 1.9% 13.21%
2021 -5.0% -32.5% 33.1% 73.42%
2020 15.8% -20.0% 81.6% 63.29%
2019 18.4% 2.3% 42.0% 68.74%

NAV & Total Return History


MPEMX - Holdings

Concentration Analysis

MPEMX Category Low Category High MPEMX % Rank
Net Assets 19.3 M 653 K 96.1 B 91.60%
Number of Holdings 61 10 6829 78.00%
Net Assets in Top 10 7.02 M 299 K 17.9 B 90.80%
Weighting of Top 10 36.87% 2.9% 122.2% 36.18%

Top 10 Holdings

  1. TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK 8.15%
  2. ALIBABA GROUP HOLDING LTD COMMON STOCK 5.33%
  3. Samsung Electronics Co Ltd PREFERRED STOCK 4.43%
  4. HDFC BANK LIMITED COMMON STOCK 3.76%
  5. CSPC PHARMACEUTICAL GROUP LT COMMON STOCK 2.69%
  6. AXIS BANK LTD COMMON STOCK 2.64%
  7. HON HAI PRECISION INDUSTRY COMMON STOCK 2.52%
  8. PETROLEO BRASILEIRO-SPON ADR DEPOSITARY RECEIPT 2.51%
  9. UNILEVER NV COMMON STOCK 2.43%
  10. CREDICORP LTD COMMON STOCK 2.41%

Asset Allocation

Weighting Return Low Return High MPEMX % Rank
Stocks
92.73% 0.00% 103.65% 82.53%
Preferred Stocks
6.49% 0.00% 10.17% 4.67%
Cash
0.78% -2.03% 20.51% 72.13%
Other
0.00% -1.64% 50.31% 79.87%
Convertible Bonds
0.00% 0.00% 7.40% 81.34%
Bonds
0.00% 0.00% 94.30% 84.00%

Stock Sector Breakdown

Weighting Return Low Return High MPEMX % Rank
Technology
29.17% 0.00% 47.50% 14.17%
Financial Services
26.67% 0.00% 48.86% 12.55%
Consumer Cyclical
10.12% 0.00% 48.94% 77.33%
Basic Materials
9.74% 0.00% 30.03% 31.17%
Communication Services
8.48% 0.00% 39.29% 53.71%
Consumer Defense
7.45% 0.00% 25.90% 29.15%
Healthcare
6.09% 0.00% 16.53% 23.21%
Energy
2.28% 0.00% 24.80% 75.17%
Utilities
0.00% 0.00% 39.12% 94.33%
Real Estate
0.00% 0.00% 17.15% 96.76%
Industrials
0.00% 0.00% 43.53% 99.46%

Stock Geographic Breakdown

Weighting Return Low Return High MPEMX % Rank
Non US
77.52% 0.00% 100.18% 74.27%
US
15.21% 0.00% 101.58% 33.73%

MPEMX - Expenses

Operational Fees

MPEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.03% 24.48% 51.14%
Management Fee 0.75% 0.00% 2.00% 29.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

MPEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MPEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MPEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% 49.58%

MPEMX - Distributions

Dividend Yield Analysis

MPEMX Category Low Category High MPEMX % Rank
Dividend Yield 11.79% 0.00% 9.88% 23.47%

Dividend Distribution Analysis

MPEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

MPEMX Category Low Category High MPEMX % Rank
Net Income Ratio 1.57% -1.98% 17.62% 26.42%

Capital Gain Distribution Analysis

MPEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MPEMX - Fund Manager Analysis

Managers

Andrew Miller


Start Date

Tenure

Tenure Rank

Nov 02, 2007

14.59

14.6%

Mr. Miller has a BA (Hons) degree in History from the University of Birmingham. Prior to joining Mondrian in 2000, he worked in the Investment Management department of PricewaterhouseCoopers, where he was responsible for the analysis and audit of various investment vehicles. Whilst at Mondrian, Mr. Miller has specialized in Emerging Markets and he is now the Chief Investment Officer for this product. Mr. Miller holds the ASIP designation and is a member of the CFA Institute and the CFA Society of the UK.

Ginny Chong


Start Date

Tenure

Tenure Rank

Nov 02, 2007

14.59

14.6%

Prior to joining Mondrian in 2000, Ms. Chong worked for PricewaterhouseCoopers in Vancouver, within the Corporate Finance and Investment Banking Division where she qualified as a Canadian Chartered Accountant. Ms. Chong has a degree in Commerce from the University of British Columbia, Vancouver. Ms. Chong is presently a senior portfolio manager within the Emerging Markets Team. Ms. Chong is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42