A Schwab news release said the Laudus Mondrian Institutional Emerging Markets Fund and the Laudus Mondrian Institutional International Equity Fund began operations April 25.
The Laudus Mondrian Institutional International Equity Fund will invest primarily in non-U.S. large capitalization equity securities. The Laudus Mondrian Institutional Emerging Markets Fund will invest primarily in large-capitalization securities in emerging markets, according to the announcement.
Both funds will follow Mondrian’s value-oriented process that seeks to identify undervalued securities the manager believes will provide strong returns over a full market cycle.
The two new offerings 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%, the announcement said.
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