RYAAY - Fund Letters: Mercator International Opportunity Fund Q3 2020 Report October, 23 2020 06:19 AM Ryanair Holdings plc American Depositary Shares each representing five Ordinary Shares MOPPX is up 25.3% year to date. The international benchmark, the Morgan Stanley EAFE index, is down 7.1% over the same period of time. The index is not the story. For further details see: Fund Letters: Mercator International Opportunity Fund Q3, 2020 Report