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Trending ETFs

Name

As of 11/01/2024

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

$14.75

$172 M

1.62%

$0.24

0.86%

Vitals

YTD Return

9.5%

1 yr return

20.7%

3 Yr Avg Return

6.3%

5 Yr Avg Return

N/A

Net Assets

$172 M

Holdings in Top 10

26.5%

52 WEEK LOW AND HIGH

$14.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

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 11/01/2024

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

$14.75

$172 M

1.62%

$0.24

0.86%

MPGVX - Profile

Distributions

  • YTD Total Return 9.5%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.29%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Mondrian Global Equity Value Fund
  • Fund Family Name
    Mondrian
  • Inception Date
    Jun 30, 2020
  • Shares Outstanding
    10207768
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Francken

Fund Description

The Fund is a global fund and generally invests in equity securities of companies around the world, as described below, 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 equity securities. 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.

Under normal circumstances, the Fund invests in at least three countries, including the U.S., and invests at least 40% of its total assets in securities of non-U.S. companies or, if conditions are not favorable, invests at least 30% of its total assets in securities of non-U.S. companies. The Fund considers a company to be a non-U.S. company if: (1) the company’s principal securities trading market is outside of the U.S.; (2) while traded in any market, alone or, with respect to a parent company, on a consolidated basis with its subsidiaries, the company derives 50% or more of its annual revenues or annual profits from either goods produced, sales made or services performed outside of the U.S.; (3) the company has 50% or more of its assets located outside of the U.S.; or (4) the company is organized under the laws of, and has a principal office in, a non-U.S. country.

Equity securities include, but are not limited to, common stocks, preferred stocks, convertible securities, private placements, rights, warrants, real

estate investment trusts (“REITs”) and American, European or Global depositary receipts, which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. or U.S. companies, or other securities representing underlying shares of non-U.S. issuers. Equity securities also include derivatives, master limited partnerships (“MLPs”) and other investment companies (including mutual funds, closed-end funds and exchange-traded funds (“ETFs”)) with economic characteristics similar to equity securities. The Fund may invest in securities of companies with any market capitalization and, to the extent that the Fund invests in convertible securities, those securities may have any credit rating.

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 utilize derivatives, principally forward foreign currency exchange contracts, to hedge currency risks associated with the purchase of individual securities denominated in a particular currency. In addition, the Fund may, from time to time, hold non-U.S. currencies in order to facilitate or expedite settlement of portfolio transactions, or to minimize the impact of currency value fluctuations.

The Fund may invest in securities of emerging market companies. The Fund considers an “emerging market country” to be any country except the United States, Canada, and those in the MSCI EAFE Index. In considering possible emerging market countries in which the Fund may invest, the Adviser will place particular emphasis on factors such as economic conditions (including growth trends, inflation rates, and trade balances), regulatory and currency controls, accounting standards, and political and social conditions.

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.

Under normal circumstances, no more than 10% of the Fund’s assets will be invested in debt securities issued by governments or by their agencies, instrumentalities or political sub-divisions, or by corporate entities, all of which may be high-yield, high-risk fixed income securities rated lower than BBB by S&P and Baa by Moody’s or, if unrated, considered to be of equivalent quality by the Adviser.

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 is considered “non-diversified”, which means that it may invest in the securities of relatively few issuers.

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MPGVX - Performance

Return Ranking - Trailing

Period MPGVX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -35.6% 29.2% 45.64%
1 Yr 20.7% 17.3% 252.4% N/A
3 Yr 6.3%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period MPGVX Return Category Return Low Category Return High Rank in Category (%)
2023 20.3% -24.3% 957.1% N/A
2022 -11.7% -38.3% 47.1% N/A
2021 9.2% -54.2% 0.6% N/A
2020 N/A -76.0% 54.1% N/A
2019 N/A -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period MPGVX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -35.6% 29.2% 46.53%
1 Yr 20.7% 11.4% 252.4% N/A
3 Yr 6.3%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MPGVX Return Category Return Low Category Return High Rank in Category (%)
2023 22.4% -24.3% 957.1% N/A
2022 -9.5% -33.1% 47.1% N/A
2021 10.9% -44.4% 1.8% N/A
2020 N/A -6.5% 54.1% N/A
2019 N/A -14.4% 47.8% N/A

NAV & Total Return History


MPGVX - Holdings

Concentration Analysis

MPGVX Category Low Category High MPGVX % Rank
Net Assets 172 M 199 K 133 B 88.05%
Number of Holdings 57 1 9075 59.80%
Net Assets in Top 10 54.7 M -18 M 37.6 B 88.00%
Weighting of Top 10 26.49% 9.1% 100.0% 59.95%

Top 10 Holdings

  1. FUJITSU LIMITED COMMON STOCK 2.89%
  2. ENEL SPA COMMON STOCK 2.77%
  3. ABBVIE INC COMMON STOCK 2.75%
  4. KONINKLIJKE PHILIPS NV COMMON STOCK 2.70%
  5. SONY GROUP CORP COMMON STOCK 2.68%
  6. HCA HEALTHCARE INC COMMON STOCK 2.59%
  7. DUPONT DE NEMOURS INC COMMON STOCK 2.56%
  8. L3HARRIS TECHNOLOGIES INC COMMON STOCK 2.56%
  9. WELLS FARGO CO COMMON STOCK 2.50%
  10. META PLATFORMS INC COMMON STOCK 2.50%

Asset Allocation

Weighting Return Low Return High MPGVX % Rank
Stocks
96.23% 61.84% 125.47% 96.26%
Preferred Stocks
2.31% -0.01% 5.28% 87.22%
Cash
1.48% -174.70% 23.12% 2.42%
Convertible Bonds
0.00% 0.00% 4.46% 86.12%
Bonds
0.00% -1.50% 161.67% 86.67%
Other
-0.01% -13.98% 19.14% 88.55%

Stock Sector Breakdown

Weighting Return Low Return High MPGVX % Rank
Healthcare
22.79% 0.00% 35.42% 1.54%
Financial Services
16.83% 0.00% 38.42% 54.30%
Technology
14.25% 0.00% 49.87% 87.67%
Consumer Defense
13.53% 0.00% 73.28% 32.82%
Industrials
11.37% 0.00% 44.06% 26.43%
Consumer Cyclical
6.63% 0.00% 40.94% 68.17%
Communication Services
6.35% 0.00% 57.66% 88.77%
Utilities
3.18% 0.00% 29.12% 9.14%
Energy
2.44% 0.00% 21.15% 44.93%
Real Estate
1.96% 0.00% 39.48% 27.75%
Basic Materials
0.66% 0.00% 38.60% 98.79%

Stock Geographic Breakdown

Weighting Return Low Return High MPGVX % Rank
US
50.46% 0.13% 103.82% 80.95%
Non US
45.77% 0.58% 99.46% 39.65%

MPGVX - Expenses

Operational Fees

MPGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 44.27% 2.51%
Management Fee 0.65% 0.00% 1.82% 41.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

MPGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MPGVX 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.

MPGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 395.00% N/A

MPGVX - Distributions

Dividend Yield Analysis

MPGVX Category Low Category High MPGVX % Rank
Dividend Yield 1.62% 0.00% 3.26% 86.54%

Dividend Distribution Analysis

MPGVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

MPGVX Category Low Category High MPGVX % Rank
Net Income Ratio 1.29% -4.27% 12.65% 28.41%

Capital Gain Distribution Analysis

MPGVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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MPGVX - Fund Manager Analysis

Managers

James Francken


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Mr. Francken is a graduate of Exeter College, Oxford University and Emmanuel College, Cambridge University and holds an MBA in Finance from London Business School. Prior to joining Mondrian in 2009, he worked for Investec Asset Management. Mr. Francken is a portfolio manager in the Global Team. Mr. Francken is a CFA Charterholder and a member of the CFA Institute and the CFA Society of the UK.

Aileen Gan


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Ms. Gan is a Commerce graduate from the University of Melbourne, Australia and holds a Masters of Commerce degree from the University of New South Wales, Australia. Prior to joining Mondrian in 2005, she was a consultant at Accenture, specialising in the financial services sector, firstly in Singapore and subsequently in the UK. Ms. Gan has extensive experience in developed markets working initially within Mondrian Non-US Equity Team, before her current role heading up the Global Equity team. Her research responsibilities include coverage of US, Singapore and Australian markets. Ms. Gan is a CPA (Australia) and CFA Charterholder. She is also a member of the CPA Australia, the CFA Institute and the CFA Society of the UK.

Charlie Hill


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Mr. Hill graduated from the University of Oxford in 2009 with a BA (Hons) in Classics. He started his career at Deloitte LLP, where he qualified as a Chartered Accountant in the Corporate International Tax practice. Prior to joining Mondrian’s Global Equity team in 2016, Mr. Hill also spent time as a Fund Manager at Neptune Investment Management. Mr. Hill is a CFA Charterholder and is a member of the CFA Institute and the Institute of Chartered Accountants of England and Wales.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25