Continue to site >
Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.34

$30.6 M

2.38%

$0.22

1.73%

Vitals

YTD Return

-0.3%

1 yr return

0.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$30.6 M

Holdings in Top 10

33.6%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.34

$30.6 M

2.38%

$0.22

1.73%

BEOIX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BARROW HANLEY CONCENTRATED EMERGING MARKETS ESG OPPORTUNITIES FUND
  • Fund Family Name
    Perpetual Funds
  • Inception Date
    Feb 22, 2015
  • Shares Outstanding
    572258
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Randolph Wrighton

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies based in emerging market countries and instruments with economic characteristics similar to such securities.

This policy may be changed upon 60 days’ prior written notice to shareholders. Emerging market countries are countries represented in the MSCI Emerging Markets Index, the MSCI Frontier Markets Index and to the extent not represented in those indexes, Singapore and Hong Kong. A company is based in an emerging market country if: (i) the company is organized or maintains its principal place of business in an emerging market country; (ii) the company’s securities are traded principally in an emerging market country; (iii) at least 50% of the company’s revenues or profits are generated in an emerging markets country; or (iv) at least 50% of the company’s assets are located in an emerging markets country. Under normal market conditions, the Fund also will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that meet the environmental, social and governance (“ESG”) criteria of Barrow, Hanley, Mewhinney & Strauss, LLC (the “Sub-Adviser” or “Barrow Hanley”), the Fund’s sub-adviser. The Fund invests principally in common stock and American Depositary Receipts (“ADRs”), including unsponsored ADRs, of companies of any market capitalization.

The Fund may invest in the securities of companies based in the People’s Republic of China (“China”), including A Shares of such companies that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.

The Sub-Adviser aims to achieve the Fund’s investment objective through an emerging markets strategy composed of high conviction, fundamentally researched ideas. The securities may be denominated in any currency, including multinational currencies. The Fund’s portfolio will be constructed on a bottom-up basis as discussed below and typically will be diversified across sectors and regions.

Value

The Sub-Adviser aims to generate outperformance from participating in markets which increase in value while having a more protective strategy in markets which decrease in value. The Sub-Adviser typically will seek to accomplish this by purchasing assets that the Sub-Adviser believes are temporarily undervalued and whose value will rise over a reasonable amount of time. Further, the Sub-Adviser seeks to understand and quantify what will drive the upside value going forward. These drivers are typically categorized into four value silos: 1) sales improvement, 2) margin improvement, 3)

multiple expansion, and 4) capital efficiency (defined as dividends, share repurchase, accretive mergers and acquisitions and/or divestments, etc.).

Fundamental Securities Analysis

The Sub-Adviser’s strategy uses a quantitative proprietary screening model to analyze markets for inefficiencies which it seeks to exploit through adherence to a valuation-centric investment process dedicated to the selection of securities on a bottom-up basis. The Sub-Adviser focuses primarily on fundamental securities analysis, valuation, and prospects for a return of securities to what the Sub-Adviser considers fair valuation. The Sub-Adviser’s strategy involves identifying underappreciated change that it believes is not yet recognized by the market. The fundamental securities analysis carried out by the Sub-Adviser will include company engagement, earnings and profitability projections and estimates of fair value.

The Sub-Adviser’s bottom-up process emphasizes identifying and investing in market dislocations where it believes it has an information advantage that will allow the individual investment to appreciate to its estimated fair value. This bottom-up process will also contribute to the Fund being over- or under-weight in specific sectors, countries and regions based on the dislocations the Sub-Adviser is seeing at the individual stock level.

The Sub-Adviser typically will assess the prospects for a return of securities to estimated fair valuation by: (i) holding generally daily research platform meetings; (ii) holding generally weekly formal team meetings; (iii) reviewing internal research; (iv) initiating company management engagement; (v) conducting ESG scoring and assessment, as discussed below; (vi) evaluating positive and negative movements in the prices of securities; and (vii) understanding exposures and risks concerning the portfolio. Judgements generally are made in the context of market valuation, risk/reward opportunity, and alternative investment opportunities.

Sustainability Considerations

The Sub-Adviser’s ESG strategy, as discussed below, involves full integration of ESG into the investment management process and securities analysis. The Sub-Adviser uses ESG analysis as part of its fundamental analysis to estimate a company’s fair valuation and assess the company’s sustainability risk. In this regard, the Sub-Adviser uses ESG analysis as an important factor to identify: (i) companies whose financial productivity is likely to be supported and enhanced into the future as a result of the move towards a more sustainable world, such as the nature of the products and services the company provides from a sustainability perspective, and (ii) potential risks arising as a result of sustainability concerns that may be material to the particular industries or companies in which the

Fund might invest. The Sub-Adviser uses the following ESG criteria (“ESG Criteria”) when assessing a company’s valuation and sustainability risks:

1) Environmental criteria, such as a company’s greenhouse gas emissions and climate change risks and how efficiently and effectively a company uses its raw material inputs;

2) Social criteria, such as a company’s human resources, supply chain management and management of access to essential products or services such as health care services and products to disadvantaged communities or groups; and

3) Governance criteria, such as a company’s executive pay, bribery and corruption allegations or convictions, political lobbying and donations and tax strategy.

To assess the ESG Criteria for a particular company, the Sub-Adviser evaluates ESG data from both internal and external resources, including:

(a) The Sub-Adviser’s proprietary materiality mapping analysis, which evaluates ESG issues facing specific industry groups and uses a visual map designed to show how sustainability issues manifest across various industries;

(b) Proprietary ESG Criteria research reports on issuers prepared by the Sub-Adviser derived from the Sub-Adviser’s engagement with the issuers and disclosure reports prepared by third parties; and

(c) Data provided by third party ESG research and ratings firms, which include research on the ESG practices, ESG risk ratings and the environmental impact of issuers.

The Sub-Adviser uses these data sources to evaluate the ESG Criteria of, and develop proprietary ESG scores for, issuers, which the Sub-Adviser uses in assessing an issuer’s value and sustainability risk.

The Sub-Adviser also uses ESG analysis to screen companies from the portfolio that exhibit certain criteria. Companies considered by the Sub-Adviser to be significantly involved in the production of tobacco; the generation, extraction and/or refining of certain fossil fuels; the production of unconventional weapons; or in the production or manufacturing of pornography, alcohol, or gambling will be excluded from the Fund’s investable universe. In addition to the foregoing, the Sub-Adviser applies an ESG exclusion policy which prohibits the Fund from investing in or seeking exposure to the securities of issuers involved in the manufacture or production of controversial weapons (i.e., weapons of mass destruction, nuclear weapons, biological weapons, chemical weapons, depleted uranium weapons, cluster munitions or landmines), and companies which have violated various international human rights standards.

Read More

BEOIX - Performance

Return Ranking - Trailing

Period BEOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.0% 19.7% 96.30%
1 Yr 0.9% -13.0% 29.5% 92.32%
3 Yr N/A* -20.9% 10.2% 6.17%
5 Yr N/A* -5.5% 12.7% 14.95%
10 Yr N/A* -2.7% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period BEOIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -6.5% 35.5% 93.99%
2022 N/A -50.1% -2.4% N/A
2021 N/A -33.1% 22.5% N/A
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period BEOIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.0% 19.7% 96.30%
1 Yr 0.9% -13.0% 29.5% 92.32%
3 Yr N/A* -20.9% 10.2% 5.73%
5 Yr N/A* -5.5% 12.7% 14.27%
10 Yr N/A* -2.7% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BEOIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -2.7% 42.0% 58.61%
2022 N/A -42.2% 1.9% N/A
2021 N/A -32.5% 33.1% N/A
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


BEOIX - Holdings

Concentration Analysis

BEOIX Category Low Category High BEOIX % Rank
Net Assets 30.6 M 682 K 103 B 87.86%
Number of Holdings 40 10 7049 93.04%
Net Assets in Top 10 9.2 M 290 K 19.2 B 89.09%
Weighting of Top 10 33.64% 2.9% 140.4% 49.18%

Top 10 Holdings

  1. MEDIATEK INC COMMON STOCK 4.75%
  2. HIWIN TECHNOLOGIES CORP COMMON STOCK 3.76%
  3. SK HYNIX INC COMMON STOCK 3.73%
  4. AMOREPACIFIC CORP COMMON STOCK 3.22%
  5. HAIER SMART HOME CO LTD-H COMMON STOCK 3.15%
  6. THAI UNION GROUP PCL-F COMMON STOCK 3.15%
  7. THE SAUDI NATIONAL BANK COMMON STOCK 3.08%
  8. BIZLINK HOLDING INC COMMON STOCK 2.94%
  9. BROWN BROTHERS HARRIMAN SWEEP INTEREST 2.94%
  10. INDUSIND BANK LTD COMMON STOCK 2.92%

Asset Allocation

Weighting Return Low Return High BEOIX % Rank
Stocks
93.84% 0.00% 102.46% 80.76%
Cash
3.34% -2.03% 40.36% 25.78%
Preferred Stocks
2.83% 0.00% 10.09% 15.55%
Other
0.00% -0.21% 37.51% 29.06%
Convertible Bonds
0.00% 0.00% 7.40% 25.14%
Bonds
0.00% 0.00% 92.29% 35.33%

Stock Sector Breakdown

Weighting Return Low Return High BEOIX % Rank
Financial Services
26.04% 0.00% 48.86% 16.71%
Consumer Defense
16.14% 0.00% 25.90% 3.73%
Real Estate
12.72% 0.00% 17.15% 0.55%
Consumer Cyclical
10.15% 0.00% 48.94% 77.21%
Technology
9.61% 0.00% 47.50% 95.58%
Healthcare
7.64% 0.00% 16.53% 16.30%
Utilities
6.84% 0.00% 39.12% 2.07%
Communication Services
5.50% 0.00% 39.29% 81.77%
Basic Materials
3.03% 0.00% 30.03% 86.46%
Industrials
2.33% 0.00% 43.53% 91.99%
Energy
0.00% 0.00% 24.80% 88.12%

Stock Geographic Breakdown

Weighting Return Low Return High BEOIX % Rank
Non US
91.92% 0.00% 100.18% 21.56%
US
1.92% 0.00% 99.51% 92.36%

BEOIX - Expenses

Operational Fees

BEOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.03% 29.98% 28.86%
Management Fee 0.93% 0.00% 2.00% 58.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

BEOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BEOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 91.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BEOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% N/A

BEOIX - Distributions

Dividend Yield Analysis

BEOIX Category Low Category High BEOIX % Rank
Dividend Yield 2.38% 0.00% 9.74% 1.36%

Dividend Distribution Analysis

BEOIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annual

Net Income Ratio Analysis

BEOIX Category Low Category High BEOIX % Rank
Net Income Ratio N/A -1.98% 17.62% N/A

Capital Gain Distribution Analysis

BEOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BEOIX - Fund Manager Analysis

Managers

Randolph Wrighton


Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Mr. Wrighton joined Barrow Hanley in 2005. Prior to Barrow Hanley, he worked as an associate at Deutsche Bank Securities and as an intern analyst for both UTIMCO and New York based Perry Capital Management. He also served from 1996-2000 as a Captain in the U.S. Marine Corps. Mr. Wrighton began his investment career at Barrow Hanley as a research analyst covering the Industrials, Energy, and Technology sectors. In 2006, Mr. Wrighton joined an internal group at Barrow Hanley to lead the firm’s expansion into Non-U.S., Global and Emerging Market investment products. He currently serves as a portfolio manager for the Barrow Hanley Emerging Markets and Non-U.S. Value strategies. He is a CFA charterholder. Mr. Wrighton holds an MBA from the University of Texas and a BA in Economics from Vanderbilt University.

David Feygenson


Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Mr. Feygenson joined BHMS in 2017 from VanEck Global, where he was a senior analyst, covering emerging market equities. Prior to joining VanEck, Mr. Feygenson served as a portfolio manager/senior analyst at Mirae Asset Global Investments, one of South Korea’s largest asset managers. His career also includes a research position on the emerging markets team at Wellington Management Company. Mr. Feygenson earned a BS in Economics, magna cum laude, from the Wharton School of the University of Pennsylvania and an MSc in Finance and Economics from the London School of Economics.

Sherry Zhang


Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Ms. Zhang joined BHMS in 2013 from Matthews Asia, where she was responsible for the analysis and recommendation of Asian stocks across numerous economic sectors. Ms. Zhang’s 21-year investment career includes analyst roles at Q Investments, ARC Communication, and Exxon Mobil Corporation. Her tenure at Q Investments included a two-year residency in China, where she gained valuable firsthand experience overseeing operating companies located in emerging market economies. Ms. Zhang received her BBA in Finance, cum laude, as well as her MBA, from Baylor University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42