# Portfolio overlap — MPIEX vs IVLU

Comparing **Mondrian International Value Equity Fund** (2026-01-31) and **iShares MSCI Intl Value Factor ETF** (2026-01-31).

- Shared positions: 36
- Mondrian International Value Equity Fund covered by iShares MSCI Intl Value Factor ETF: 0.1941519017321767031433465952
- iShares MSCI Intl Value Factor ETF covered by Mondrian International Value Equity Fund: 0.1941519017321767031433465951

## Mondrian International Value Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| LLOYDS BANKING | 0.038956 | ✓ |
| BANCO SANTANDER SA | 0.037695 | ✓ |
| UNITED OVERSEAS | 0.031967 | ✓ |
| NESTLE SA (REG) | 0.031402 |  |
| ALLIANZ SE (REGD) | 0.031331 |  |
| SSE PLC | 0.030963 | ✓ |
| GSK PLC | 0.029579 | ✓ |
| CK HUTCHISON HOLDINGS LTD COMMON STOCK HKD1.0 | 0.028552 | ✓ |
| MERCK Kommanditgesellschaft auf Aktien | 0.027818 | ✓ |
| PANASONIC HOLDIN | 0.027638 | ✓ |
| ENEL SPA | 0.027587 | ✓ |
| SNAM SPA | 0.027397 |  |
| Sanofi SA | 0.027343 | ✓ |
| VINCI SA | 0.026764 | ✓ |
| PERNOD RICARD SA | 0.026116 | ✓ |
| DHL GROUP | 0.025938 | ✓ |
| CAPGEMINI SE | 0.024921 | ✓ |
| BOUYGUES SA | 0.024404 | ✓ |
| BRITISH AMERICAN TOBACCO PLC | 0.022599 | ✓ |
| SONY GROUP CORP | 0.022473 |  |
| ASSOCIATED BRITISH FOODS PLC COMMON STOCK | 0.022427 | ✓ |
| FUJIFILM HOLDING | 0.021345 | ✓ |
| AIA Group Ltd | 0.021158 |  |
| TOYOTA INDUSTRIE | 0.021115 | ✓ |
| KDDI Corporation | 0.020744 | ✓ |
| FUJITSU LTD | 0.019670 | ✓ |
| UPM-KYMMENE OYJ | 0.018692 | ✓ |
| KONINKLIJKE PHIL | 0.017718 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.017282 | ✓ |
| SHELL PLC | 0.017021 | ✓ |
| MINEBEA MITSUMI | 0.016661 | ✓ |
| JARDINE MATHESON | 0.016429 | ✓ |
| BP PLC | 0.015216 | ✓ |
| ANDRITZ AG | 0.015117 |  |
| AURIZON HOLDINGS | 0.014924 |  |
| SECOM CO LTD | 0.013985 | ✓ |
| SOMPO HOLDINGS I | 0.013865 | ✓ |
| MITSUB ELEC CORP | 0.013843 | ✓ |
| CARREFOUR SA | 0.013386 | ✓ |
| EVONIK INDUSTRIE | 0.013230 | ✓ |
| KOMATSU LTD | 0.012829 | ✓ |
| HONDA MOTOR CO | 0.011496 | ✓ |
| WPP PLC | 0.010525 |  |
| SHIN-ETSU CHEM | 0.009722 |  |
| CELLNEX TELECOM | 0.009709 |  |
| ENI SPA | 0.008179 | ✓ |
| CSL LTD COMMON STOCK | 0.007846 |  |
| KERING | 0.007519 |  |
| LONDON STOCK EXCHANGE GRP PLC | 0.006904 |  |

## iShares MSCI Intl Value Factor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| HSBC HOLDINGS PL | 0.022351 |  |
| TOYOTA MOTOR CORP | 0.021604 |  |
| BRITISH AMERICAN TOBACCO PLC | 0.020682 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.019028 | ✓ |
| BANCO SANTANDER SA | 0.017529 | ✓ |
| BNP PARIBAS | 0.017181 |  |
| Novartis AG (Registered) | 0.016747 |  |
| SIEMENS AG-REG | 0.014146 |  |
| SHELL PLC | 0.012347 | ✓ |
| Sanofi SA | 0.012028 | ✓ |
| BARCLAYS PLC | 0.011842 |  |
| MITSUI & CO | 0.011507 |  |
| MITSUBISHI UFJ F | 0.011220 |  |
| BBVA | 0.010831 |  |
| Bayer Aktiengesellschaft | 0.010581 |  |
| TOTALENERGIES SE | 0.010555 |  |
| GSK PLC | 0.010094 | ✓ |
| DEUTSCHE TELEKOM | 0.009871 |  |
| MITSUBISHI CORP | 0.009800 |  |
| UNICREDIT SPA | 0.009376 |  |
| SOC GENERALE SA | 0.009110 |  |
| SUMITOMO MITSUI FINL GROUP INC | 0.009054 |  |
| BHP GROUP LTD | 0.008858 |  |
| SUMITOMO CORP | 0.008792 |  |
| RIO TINTO PLC | 0.008592 |  |
| MERCEDES-BENZ GR | 0.008490 |  |
| DEUTSCHE BANK-RG | 0.008350 |  |
| INFINEON TECH | 0.008244 |  |
| ITOCHU CORP | 0.008077 |  |
| MARUBENI CORP | 0.007510 |  |
| VINCI SA | 0.007403 | ✓ |
| NOKIA OYJ | 0.007391 |  |
| RENESAS ELECTRON | 0.007360 |  |
| MIZUHO FINANCIAL | 0.007239 |  |
| CK HUTCHISON HOLDINGS LTD COMMON STOCK HKD1.0 | 0.007018 | ✓ |
| ING GROEP NV | 0.006878 |  |
| CANON INC | 0.006855 |  |
| HONDA MOTOR CO | 0.006820 | ✓ |
| VOLKSWAGEN-PREF | 0.006810 |  |
| LLOYDS BANKING | 0.006759 | ✓ |
| Vodafone Group Public Limited Company | 0.006585 |  |
| NATWEST GROUP PLC | 0.006402 |  |
| INTESA SANPAOLO | 0.006360 |  |
| ANHEUSER-BUSCH INBEV SA/NV | 0.006214 |  |
| ARCELORMITTAL | 0.005974 |  |
| TEVA PHARMACEUTICAL IND ADR | 0.005943 |  |
| DHL GROUP | 0.005597 | ✓ |
| Volvo AB - B Shares | 0.005505 |  |
| Common Stock | 0.005463 |  |
| SAINT GOBAIN | 0.005352 |  |


## Sources

- N-PORT (fund A) — accession `0002048251-26-002801` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1651872/000204825126002801/0002048251-26-002801-index.htm>
- N-PORT (fund B) — accession `0001410368-26-031807` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031807/0001410368-26-031807-index.htm>

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