The Laudus Mondrian International Equity Fund will invest primarily in large-capitalization equity securities of developed international companies. The Laudus Mondrian Global Equity Fund will invest primarily in securities of both U.S. and non-U.S. issuers, and may also invest in emerging markets companies.
Each of the two new funds will be available in three share classes: an "Investor" class with an initial minimum investment of $100 and a net expense ratio of 1.40%, a "Select" class with a minimum initial investment of $50,000 and net expense ratio of 1.12% and an "Institutional" class with a minimum $500,000 investment and net expense ratio of 1.05%.
Mondrian managed more than $60 billion in assets as of the end of March. The company has been investing in international markets on behalf of major institutions since 1990. San Francisco-based CSIM formed the Laudus Group in 2003. CSIM began its relationship with Mondrian in November 2007 with the Laudus Mondrian Emerging Markets Fund and the Laudus Mondrian International Fixed Income Fund.
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