Laudus Mondrian International Equity Fund – Institutional Shares (LIEIX) Recognized for Three and Five-Year Results
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc., the asset management arm of The Charles Schwab Corporation, announced today that one of its seven sub-advised Laudus mutual funds has received a Best-In-Class Lipper Fund Award. The annual Lipper Fund Awards recognize funds and fund management firms for their consistently strong, risk-adjusted three-, five-, and ten-year performance relative to their peers.
The Laudus Mondrian International Equity Fund - Institutional Shares (LIEIX) was named Best-In-Class over Three Years among 14 eligible funds in the International Large-Cap Value Funds category, and Five Years among 13 eligible funds in the International Large-Cap Value Funds category, for the three-year and five-year periods ending 11/30/15.
“We’re honored to be recognized by Lipper for this fund because it demonstrates our commitment to delivering strong, consistent investment results for our clients,” said Marie Chandoha, president and chief executive officer of Charles Schwab Investment Management.
The honor was announced last night at the Lipper Fund Awards ceremony in New York.
Laudus Mondrian International Equity Fund – Institutional Shares
The Laudus Mondrian International Equity Fund – Institutional Shares was launched in 2008 and is sub-advised by Mondrian Investment Partners Ltd., with oversight by CSIM. The fund applies a value-oriented approach to investing in international stocks. It seeks to identify undervalued securities that could provide strong long-term returns. Through extensive, proprietary research, the sub-adviser carefully constructs a focused portfolio of approximately 30 to 40 companies diversified across country, industry and sector. The fund’s value-oriented approach seeks to minimize the volatility that can result from extended market downturns, while retaining exposure to the strong long-term return potential of foreign markets. The fund’s investment process focuses on four key aspects – bottom-up security analysis, rigorous valuation methodology, top-down currency analysis and ongoing risk management.
As of 2/29/16, the one-year performance of LIEIX was -13.03%, the three-year performance was 3.04%, the five-year performance was 1.69% and since inception the performance was -1.00%. The fund had $98.2 million in assets under management as of 2/29/16. The gross expense ratio is 1.00% and the net expense ratio is 0.90%i. The minimum initial investment is $500,000.
About The Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact firstname.lastname@example.org or visit excellence.thomsonreuters.com.
About Charles Schwab Investment Management
Founded in 1989, Charles Schwab Investment Management, Inc. (CSIM), a subsidiary of The Charles Schwab Corporation, is one of the nation’s largest asset management companies, with more than $278.4 billion in assets under management as of 2/29/16. It is among the country’s largest money market fund managers and is the third-largest provider of retail index funds*. CSIM currently manages 75 mutual funds, in addition to two separate account model portfolios, and 21 ETF offerings.
More information is available at www.csimfunds.com.
*Source: Strategic Insight, 12/31/15.
At Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can obtain a prospectus by visiting www.csimfunds.com. Please read the prospectus carefully before investing.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. To obtain performance information current to the most recent month end, please visit www.csimfunds.com. Performance data quoted does not reflect the non-recurring redemption fee of 2% that may be charged if shares are sold or exchanged within 30 days of the purchase date. If these fees were reflected, the performance data quoted would be lower.
Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.
The Laudus Group® of Funds includes the Laudus U.S. Large Cap Growth Fund and Laudus Mondrian Funds, which are part of the Laudus Trust and distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. and Charles Schwab & Co., Inc. are unaffiliated entities.
Charles Schwab Investment Management, Inc. ("CSIM"), the investment advisor for Schwab's proprietary funds, and Charles Schwab & Co., Inc. ("Schwab"), the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Thomson Reuters Lipper is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. Rankings are historical and are based on total return with capital gains and dividends reinvested.
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i As stated in the prospectus. Gross Expense: Provides the expense ratio projected for each share class for the period 7/29/15-7/30/16. The adviser expects to hold expenses at this level by waiving its management fee and/or bearing other expenses. Actual expenses influenced by total assets and may be reduced based on contractual fee waiver by the adviser. Net expense: Expense limitation agreement in place to limit expense of the Fund’s Investor Shares, Select Shares, and Institutional shares to 1.30%, 1.05%, and 0.90%, respectively, through at least 7/30/17. Please see the prospectus for more information.