MPIEX Performance — Mondrian International Value Equity Fund, Institutional Class
Data updated: 2026-09-28
MPIEX returned +13.52% year to date and +28.18% over one year to Jul 2026. Annualised returns are +18.75% over 3 years and +11.58% over 5 years. The fund beat its International Blend category average: $100 invested three years ago grew to $167, against $160 for the category, and to $128 over one year, against $121. Volatility over the past three years was 11.82% a year. In the 12 months to Jul 2026 the fund took in a net $14.0M, and assets reached $1.13B.
MPIEX Growth of $100
What $100 invested in Mondrian International Value Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Blend category average over the same months.
| Period | MPIEX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $128 | $121 |
| 3 years (Aug 2023 – Jul 2026) | $167 | $160 |
| 5 years (Aug 2021 – Jul 2026) | $173 | $150 |
| Since data start (Feb 2020 – Jul 2026) | $191 | $188 |
MPIEX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.52% |
| 1 year | +28.18% |
| 3 years (annualised) | +18.75% |
| 5 years (annualised) | +11.58% |
MPIEX Annual Returns
Calendar-year total returns of Mondrian International Value Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +13.52% |
| 2025 | +29.33% |
| 2024 | +20.57% |
| 2023 | +14.76% |
| 2022 | −21.33% |
| 2021 | +42.04% |
| 2020 (Feb–Dec) | −15.66% |
MPIEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.7% | +4.3% | −6.2% | +5.4% | +5.0% | −0.4% | +1.6% | — | — | — | — | — |
| 2025 | −0.9% | +5.9% | +3.2% | +3.9% | −1.8% | +1.2% | +2.5% | +1.3% | +1.0% | +4.9% | +3.4% | +1.7% |
| 2024 | +7.5% | −0.1% | +3.3% | +0.8% | +5.6% | −2.6% | +4.0% | −5.9% | +1.8% | +3.7% | +4.2% | −2.5% |
| 2023 | +13.3% | +3.1% | +2.9% | −1.8% | +2.7% | +4.6% | −4.4% | −3.2% | −2.3% | −2.8% | −1.9% | +4.9% |
| 2022 | −5.3% | −3.9% | −2.3% | −2.5% | +1.4% | −8.4% | +3.8% | +5.3% | −9.7% | −7.1% | +8.0% | −1.3% |
| 2021 | +17.9% | +1.7% | +3.9% | +3.0% | −1.1% | −1.4% | +4.8% | +1.8% | −1.8% | +1.2% | +2.5% | +4.4% |
| 2020 | — | +3.7% | −16.6% | −7.7% | +0.5% | +4.0% | +1.5% | −3.6% | −4.1% | +4.5% | −0.6% | +3.6% |
MPIEX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 11.82%
- 3-year Sharpe ratio: 1.21 (vs 4.5% risk-free rate)
- Best month: +7.46% (Jan 2024)
- Worst month: −6.25% (Mar 2026)
MPIEX Fund Flows
Monthly money in and out of Mondrian International Value Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $14.0M
- 12-month gross sales (incl. reinvestments): $221.0M
- Sales ÷ redemptions: 1.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $8.6M | $17.4M | −$8.8M |
| Jun 2026 | $4.5M | $17.7M | −$13.2M |
| May 2026 | $3.7M | $6.3M | −$2.6M |
| Apr 2026 | $9.6M | $15.8M | −$6.2M |
| Mar 2026 | $6.7M | $50.5M | −$43.8M |
| Feb 2026 | $4.5M | $13.7M | −$9.2M |
| Jan 2026 | $28.4M | $7.2M | $21.2M |
| Dec 2025 | $87.6M | $28.8M | $58.8M |
| Nov 2025 | $9.6M | $18.7M | −$9.1M |
| Oct 2025 | $39.8M | $13.2M | $26.7M |
| Sep 2025 | $9.1M | $6.7M | $2.5M |
| Aug 2025 | $8.8M | $11.0M | −$2.2M |
MPIEX Assets Under Management
Net assets of Mondrian International Value Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.13B |
| 2026-04-30 | $1.09B |
| 2026-01-31 | $1.11B |
| 2025-10-31 | $1.06B |
| 2025-07-31 | $958.17M |
| 2025-04-30 | $980.45M |
| 2025-01-31 | $862.03M |
| 2024-10-31 | $882.92M |
| 2024-07-31 | $934.34M |
| 2024-04-30 | $854.05M |
| 2024-01-31 | $784.75M |
| 2023-10-31 | $736.10M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.