MPUSX — Mondrian U.S. Small Cap Equity Fund

MPUSX Fund Overview

MPUSX — Mondrian U.S. Small Cap Equity Fund is a US mutual fund managed by Gallery Trust, categorised as Europe Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Gallery Trust
• Category: Europe Real Estate
• Assets under management: $1.64M
• 1-year return: -8.8%
• Ticker: MPUSX
• SEC CIK: 0001651872
• SEC series ID: S000063814
• Share class ID: C000206728

MPUSX Investment Objective and Strategy

Mondrian U.S. Small Cap Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gallery Trust.

Investment objective

The Mondrian U.S. Small Cap Equity Fund (the Fund) seeks long-term total return.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. small-capitalization companies. This investment policy can be changed by the Fund upon 60 days prior written notice to shareholders. For purposes of the Funds 80% investment policy, equity securities do not include convertible securities that are not immediately convertible into equity securities. Equity securities include, but are not limited to, common stocks, preferred stocks, convertible securities, private placements, rights and warrants, master limited partnerships (MLPs) and real estate investment trusts (REITs). Equity securities also include derivatives and other investment companies (including mutual funds, closed-end funds and exchange-traded funds (ETFs)) with economic characteristics similar to equity securities.

To the extent that the Fund invests in convertible securities, those securities may have any credit rating. Typically, the Fund will hold 30-60 securities at any given time. The Fund considers small-capitalization companies to be those with market capitalizations within the range of the market capitalizations of companies in the Russell 2000 Index at the time of purchase. While the market capitalization range of the Russell 2000 Index changes throughout the year, as of February 7, 2022, the market capitalization range of the Russell 2000 Index was between $6.2 million and $10.5 billion. The Fund considers a company to be a U.S. company if: (1) the companys principal securities trading market is in the United States; (2) while traded in any market, alone or on a consolidated basis, the company derives 50% or more of its annual revenues or annual profits from either goods produced, sales made or services performed in the United States; (3) the company has 50% or more of its assets located in the United States; or (4) the company is organized under the laws of, and has a principal office in, the United States.

The Fund may also purchase securities of non-U.S. issuers directly or indirectly in the form of American, European or Global depositary receipts or other securities representing underlying shares of non-U.S. issuers. The Fund may invest in securities issued in any currency and may utilize derivatives, principally forward foreign currency exchange contracts, to seek to hedge ( i.e. offset) currency risk. In addition, the Fund may, from time to time, hold non-U.S. currencies in order to facilitate or expedite settlement of portfolio transactions, or to minimize the impact of currency value fluctuations. Under normal circumstances, no more than 10% of the Funds assets will be invested in debt securities issued by governments or by their agencies, instrumentalities or political sub-divisions, or by corporate entities, all of which may be high-yield, high-risk fixed income securities rated lower than BBB by S&P and Baa by Moodys or, if unrated, considered to be of equivalent quality by the Adviser.

The Advisers approach in selecting investments for the Fund is primarily oriented to individual stock selection and is value driven. In selecting stocks for the Fund, the Adviser identifies those stocks that it believes will provide capital appreciation over a market cycle. For this, the Adviser considers movements in the price of the individual security. The Adviser conducts fundamental research to identify securities that, in the Advisers opinion, have the potential for long-term capital appreciation. This research effort generally centers on a value-oriented dividend discount methodology with respect to individual securities and market analysis that isolates value across sectors. The Advisers general management strategy for the Fund emphasizes long-term holding of securities, although securities may be sold in the Advisers discretion without regard to the length of time that they have been held.

The Adviser considers material environmental, social, and governance (ESG) factors as an integrated part of the investment process.

MPUSX Performance

Total returns for MPUSX (as of 2026-10-01), from SEC filings.

MPUSX Risk Information

Risk metrics for MPUSX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 12.7%

MPUSX Costs and Fees

MPUSX costs about $90 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.90%
• Gross expense ratio: 4.87%
• Portfolio turnover: 38%
• Brokerage commissions: 1.66 bps of average net assets (SEC N-CEN)

MPUSX Cashflows

Over the 12 months to 2022-04, Mondrian U.S. Small Cap Equity Fund had net inflows of $250.05K, from monthly SEC N-PORT filings.

MPUSX Debt Constituents

No individual debt constituents are reported in Mondrian U.S. Small Cap Equity Fund's latest SEC N-PORT filing.

MPUSX Prospectus and SEC Filings

Official Mondrian U.S. Small Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-02-28
• Prospectus (485BPOS) — filed 2021-03-05
• Prospectus (485BPOS) — filed 2020-03-13
• Portfolio holdings (N-PORT) — filed 2022-06-28
• Portfolio holdings (N-PORT) — filed 2022-03-30
• Portfolio holdings (N-PORT) — filed 2021-12-28
• Annual census (N-CEN) — filed 2022-01-11
• Annual census (N-CEN) — filed 2021-01-13

Related Funds

Other Europe Real Estate funds tracked on ABC INVEST:

• Orinda Income Opportunities Fund (OIOAX)
• OShares FTSE Europe Quality Dividend ETF (OEUR)
• Goldman Sachs Data Enhanced International Equity ETF (GIEQ)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - December (DQDE)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - March (DQMR)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.