Laudus Mondrian Funds Launch Two New Funds for Institutional Investors and the 401(k) Plan Market
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. announced today that it has expanded its Laudus Funds line-up and its relationship with Mondrian Investment Partners Limited, by launching two new funds designed for institutional investors and 401(k) plans.
The Laudus Mondrian Institutional Emerging Markets Fund (LIEMX) and the Laudus Mondrian Institutional International Equity Fund (LIIEX) both began operations on April 25, 2008.
“Now in addition to serving independent advisors and individual investors, Laudus Funds is pleased to be able to make Mondrian’s expertise available to the 401(k) and institutional markets through new funds designed specifically for them,” said David Hogan, Client Portfolio Manager for the Laudus Mondrian Funds. “The expertise of Mondrian’s top-flight investment management team was previously available primarily to the largest financial institutions.”
The new Laudus Mondrian Institutional International Equity Fund (LIIEX) will invest primarily in non-U.S. large capitalization equity securities. The Laudus Mondrian Institutional Emerging Markets Fund (LIEMX) will invest primarily in large-capitalization securities in emerging markets. Both funds will follow Mondrian’s consistent value-oriented process that seeks to identify undervalued securities the manager believes will provide strong returns over a full market cycle.
As they are designed for 401(k) plans and institutional investors, the two new funds both have an investment minimum of $1 million. Subject to the expense limitation agreement, the net expense ratio of the Emerging Markets Fund will be no more than 1.27%, and the net expense ratio of the International Equity Fund will be no more than 0.90%.
Mondrian manages more than $60 billion in assets as of 3/31/08, and has been investing in international and emerging markets on behalf of major institutions since 1990. They follow a fundamental value-oriented, defensive investment philosophy that seeks real return while managing risk.
In November 2007, Schwab launched the Laudus Mondrian Emerging Markets Fund (LEMSX) and the Laudus Mondrian International Fixed Income Fund (LIFSX), both geared to independent advisors and individual investors.
For more information on the Laudus Mondrian Institutional Funds, call a Laudus Mondrian Institutional Fund Client Portfolio Manager at (888) 352-8387.
About Laudus Funds
The Laudus Group was formed by Charles Schwab Investment Management in 2003 to provide greater access to leading institutional portfolio managers. The Laudus Funds consist of three groups: The Laudus Rosenberg Funds are sub-advised by AXA Rosenberg, while the Laudus MarketMasters Funds are a series of multi-manager, "best-in-class" funds. The Laudus Mondrian Funds are sub-advised by Mondrian Investment Partners Limited. More information is available at www.laudus.com.
About Mondrian Investment Partners Limited
Mondrian Investment Partners Limited is a London-based international investment specialist that manages over $60 billion in assets worldwide. They apply a consistent value-oriented, defensive philosophy across all of their strategies, and manage a significant proportion of their assets for U.S. based institutional investors. Traditionally, Mondrian has made its investment management services available to governments, large institutions and high net worth individuals, serving some of the largest pension funds and endowments in the U.S.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million corporate retirement plan participants, 318,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
INVESTORS SHOULD CONSIDER CAREFULLY INFORMATION CONTAINED IN THE PROSPECTUS, INCLUDING INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. YOU CAN REQUEST A PROSPECTUS BY CALLING LAUDUS AT 888-352-8387. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
INVESTMENT VALUE WILL FLUCTUATE, AND SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN ORIGINAL COST.
INTERNATIONAL INVESTING INVOLVES SPECIAL RISKS SUCH AS CURRENCY FLUCTUATION AND POLITICAL INSTABILITY. INVESTING IN EMERGING MARKETS MAY ACCENTUATE THESE RISKS.
The Laudus funds consist of the Laudus Rosenberg Funds and the Laudus Mondrian Funds, which are part of the Laudus Trust and are distributed by ALPS Distributors, Inc, and the Laudus MarketMasters Funds, which are part of the Schwab Capital Trust and are distributed by Charles Schwab. ALPS and Charles Schwab are unaffiliated entities.
Distributor: ALPS Distributor, Inc. © Charles Schwab & Co. Inc. Member SIPC, IAN LAU001481-033109 MKT42066-11 (04/08)