A press release said, the Laudus Mondrian International Equity Fund [LIEQX] will invest primarily in large-capitalization equity securities of developed international companies. The Laudus Mondrian Global Equity Fund [LGEQX] will invest primarily in securities of both U.S. and non-U.S. issuers, and may also invest in emerging markets companies.
Each fund 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%. The funds are available beginning June 17.
“Both international and global equity are successful and long-standing capabilities at Mondrian, and large institutions around the world have benefited from their expertise in these areas,” said David Hogan, Client Portfolio Manager at Charles Schwab Investment Management, Inc., in the announcement. “With the launch of these new Laudus Mondrian funds, we can offer that expertise to RIAs and individual investors, giving them access to high-quality managers who strive to uncover value wherever it is around the world.”
More information is available at www.laudus.com .