This strategy invests in treasury, government-related, and corporate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to a customized blend between the FTSE World Government Bond Index or JPMorgan Global Government Bond Index and the JPMorgan Global Bond Index – Emerging Markets Global Diversified.
Some of the longest track records in the industry – also, some of the strongest
* 2024 PRI Assessment Scores: Policy, Governance & Strategy: 4 Stars; Direct-Listed equity-Active fundamental: 5 Stars; Direct-Fixed income–SSA: 5 Stars; Direct-Fixed income–Corporate: 5 Stars; Confidence Building Measures: 4 Stars. Please refer to www.unpri.org for the PRI assessment methodology. Mondrian’s full Assessment Report and Transparency Report may be requested via the PRI Data Portal. PRI = Principles for Responsible Investments.
Characteristic
Mondrian
Blended Index*
Yield to Maturity (%)
4.8
3.9
Modified Duration (years)
6.5
6.4
Average Maturity (years)
8.6
9.1
Average Credit Rating
A+
AA-
Number of Issues
92
1,756
Information Ratio
0.02
*Blended Index: From inception to March 31, 2011, the Portfolio’s investment performance was measured against a blend of the FTSE World Government Bond Index unhedged in U.S. dollars terms (80%) and the JPMorgan GBI-EM Broad Diversified Index (20%). Beginning April 1, 2011 the Portfolio’s investment performance has been measured against JPMorgan Global Government Bond Index unhedged in U.S. dollars terms (80%) and the JPMorgan GBI-EM Broad Diversified Index (20%). From July 1, 2016 to December 31, 2016 the Portfolio’s investment performance was measured against a blend of the JP Morgan Global Government Bond Index unhedged in U.S. dollars terms (80%) and the JP Morgan GBI-EM Global Diversified Index (20%). Effective January 1, 2017, the Portfolio’s investment performance shall be measured against a blend of the FTSE World Government Bond Index (80%) and the JP Morgan GBI-EM Global Diversified Index (20%). FTSE WGBI is formerly Citigroup WGBI.
This marketing material is designed for professional investors only. An investment involves the risk of loss. Past performance is not indicative of future results. The investment return and value of investments will fluctuate.
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 authorisations. 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. The products and services described in this website are not available to investors in all jurisdictions. Information from this website must not be used in a way that would be contrary to local law or legislation.
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.
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