Mondrian Investment Partners Limited is an employee-owned investment management firm founded in 1990, managing $41.5 billion in discretionary assets for over 250 institutional clients as of December 31, 2024. The firm became 100% employee-owned in 2011 through an employee partnership consisting of senior employees, with headquarters in London and additional offices in Philadelphia and Singapore. Led by Chief Investment Officer Aileen Gan, who joined in 2005 and brings extensive financial services experience, the international equity team includes founding member Elizabeth Desmond transitioning to Executive Chairman after serving as CIO, and senior portfolio managers Nigel Bliss and Zsolt Mester. The firm is authorized and regulated by the UK Financial Conduct Authority and registered with the SEC, employing over 150 investment professionals focused on value investing across global equity and fixed income asset classes.

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Mondrian employs a fundamental value-oriented defensive management style focused on bottom-up security selection complemented by top-down market valuation and economic analysis. The firm uses rigorous dividend discount analysis to isolate value in terms of the long-term flow of dividends, representing a core investment discipline successfully applied since 1990. The approach emphasizes purchasing power parity-based currency evaluation and considers financially material environmental, social and governance risks and opportunities as an integrated part of the investment process without applying ESG screens or filters. Portfolio construction targets 40-60 holdings across non-US developed markets with select emerging markets exposure, benchmarked against the MSCI EAFE Index. The strategy demonstrates significant value characteristics with lower P/E ratios, price-to-book ratios, and higher dividend yields compared to the benchmark, while maintaining a concentrated approach with high conviction positioning.

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