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Trending ETFs

Name

As of 04/17/2024

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

$7.24

$251 M

3.01%

$0.22

1.65%

Vitals

YTD Return

-4.4%

1 yr return

-4.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$251 M

Holdings in Top 10

34.5%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/17/2024

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

$7.24

$251 M

3.01%

$0.22

1.65%

OEQIX - Profile

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.73%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Oaktree Emerging Markets Equity Fund
  • Fund Family Name
    Brookfield Fund Complex
  • Inception Date
    Jun 03, 2021
  • Shares Outstanding
    9731320
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Janet Wang

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common and preferred stocks, of emerging market companies (the “80% Policy”). The Fund invests in the securities of companies that the Adviser believes have been undervalued in the market relative to their ability to generate strong cash flows and attractive returns on capital, which may include securities of small- or mid-capitalization companies. The Fund may also invest in securities of companies denominated in U.S. dollars or foreign currencies, such as the Euro.
The Adviser considers emerging market companies to be those companies that are located in, or economically tied to, emerging market countries or that maintain securities that principally trade on exchanges located in emerging market countries. In constructing the Fund’s portfolio, the Adviser primarily looks to the emerging market countries that comprise the MSCI Emerging Markets Index as the investable universe from which emerging market companies may be included in the Fund’s portfolio and are located in, or economically tied to, such emerging market countries or that maintain securities that principally trade on exchanges located in such emerging market countries. In limited circumstances, the Fund may also invest in other countries with similar characteristics
to those included in the MSCI Emerging Markets Index. As of March 31, 2023, the MSCI Emerging Markets Index includes the following 24 emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The Adviser believes that the long-term investment opportunities in emerging markets are favorable compared to those available in more developed markets and that the opportunity for bottom-up managers with experience in undervalued situations will be significant due in part to the high rate of change in, and the volatility of, the emerging markets. While there are numerous risks in the emerging markets that are not equally prevalent in more developed markets, the Adviser’s goal is to manage the risks and seek to earn a more-than commensurate return for bearing such risks.
The Adviser uses proprietary, fundamental research to identify companies with solid businesses for investment that it believes have an intrinsic value that is higher than the company’s value as determined by its current stock price. When selecting individual companies for investment, the Adviser normally looks for:
Sound management
Quality business model
Positive cash flow generation
Strong market position
Industry growth potential
Sustainable advantages
Stock trading at a significant discount to intrinsic value
In constructing the overall portfolio of investments for the Fund, the Adviser actively considers the risk of loss that can occur as a result of unpredictable market events and seeks to construct a portfolio that is appropriately diversified across various countries and sectors. The Adviser also carefully monitors developments on both the company level and global macro level to seek to identify circumstances that could cause the risk in the portfolio to increase beyond desired levels. Furthermore, the Adviser considers a company’s sustainable competitive advantages, such as strong market position, industry growth potential, or positive cash flow generation across diversified geographies and industries. As described more fully below, the Adviser integrates environmental, social, and governance factors into its investment process and as part of its overall portfolio decision making process.
The Adviser may sell or reduce the Fund’s investment in a portfolio security if the Adviser detects a less appealing risk/reward profile for the company, price appreciation in the company’s stock resulting in overvaluation, deceleration of the company’s revenue or earnings growth, deterioration in the company’s business, or issues developing with company management.
The Fund may change the 80% Policy without shareholder approval. The Fund will provide shareholders with written notice at least 60 days prior to the implementation of any such changes.
The Adviser strives to deliver superior investment results with risk under control while conducting its business with the highest integrity. The Adviser believes that Environmental, Social and Governance (“ESG”) considerations can directly and materially impact investment outcomes. As long-term investors, the Adviser believes a consistent focus on ESG throughout the investment lifecycle allows it to avoid undue risk and better identify valuable opportunities. In fact, the Adviser believes integrating ESG analysis into its investment process helps ensure that it is aligned with its clients, their beneficiaries and society’s collective long-term interests. At the same time, ESG fits squarely with the Adviser’s commitment to excellence in bottom-up investment analysis.
This approach is well-aligned with the Adviser’s investment philosophy, which guides the management of all investment strategies. The primacy of risk control is a key tenet of the Adviser’s investment philosophy. The Adviser’s investment processes are concentrated on gauging risk and avoiding the downside. Its ESG policy dovetails nicely with this goal, as it focuses on ESG integration and engagement is geared toward highlighting ESG-related risks that may materially impact investment outcomes.
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OEQIX - Performance

Return Ranking - Trailing

Period OEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.9% 9.8% 95.13%
1 Yr -4.9% -13.6% 30.1% 98.11%
3 Yr N/A* -24.9% 7.2% N/A
5 Yr N/A* -8.7% 10.6% N/A
10 Yr N/A* -3.1% 6.1% N/A

* Annualized

Return Ranking - Calendar

Period OEQIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -6.5% 35.5% 96.88%
2022 -15.2% -50.1% -2.4% 5.03%
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 OEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.9% 9.8% 95.13%
1 Yr -4.9% -13.6% 30.1% 98.11%
3 Yr N/A* -24.9% 7.2% N/A
5 Yr N/A* -8.7% 10.6% N/A
10 Yr N/A* -3.1% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period OEQIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -2.7% 42.0% 92.95%
2022 -12.9% -42.2% 1.9% 6.01%
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


OEQIX - Holdings

Concentration Analysis

OEQIX Category Low Category High OEQIX % Rank
Net Assets 251 M 682 K 103 B 61.04%
Number of Holdings 69 10 7049 71.22%
Net Assets in Top 10 86.5 M 118 K 19.2 B 59.17%
Weighting of Top 10 34.54% 0.7% 122.2% 45.44%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 5.89%
  2. Samsung Electronics Co Ltd 5.75%
  3. Alibaba Group Holding Ltd 4.19%
  4. Vale SA 3.25%
  5. Freeport-McMoRan Inc 3.01%
  6. Banco Bradesco SA 2.65%
  7. Anglogold Ashanti Plc 2.52%
  8. China Construction Bank Corp 2.47%
  9. Saudi Arabian Oil Co 2.47%
  10. Reliance Industries Ltd 2.35%

Asset Allocation

Weighting Return Low Return High OEQIX % Rank
Stocks
91.98% 0.00% 103.65% 86.08%
Preferred Stocks
4.78% 0.00% 10.09% 7.63%
Cash
3.24% -2.03% 99.29% 23.96%
Other
0.00% -1.64% 50.31% 78.31%
Convertible Bonds
0.00% 0.00% 7.40% 78.03%
Bonds
0.00% 0.00% 94.30% 81.12%

Stock Sector Breakdown

Weighting Return Low Return High OEQIX % Rank
Basic Materials
26.07% 0.00% 30.03% 0.41%
Financial Services
23.45% 0.00% 48.86% 35.64%
Industrials
15.28% 0.00% 43.53% 6.10%
Technology
14.55% 0.00% 47.50% 89.30%
Energy
7.22% 0.00% 24.80% 13.01%
Consumer Cyclical
6.29% 0.00% 48.94% 95.26%
Consumer Defense
2.88% 0.00% 25.90% 91.60%
Communication Services
2.13% 0.00% 39.29% 95.80%
Healthcare
1.99% 0.00% 16.53% 80.89%
Utilities
0.12% 0.00% 39.12% 67.48%
Real Estate
0.01% 0.00% 17.15% 84.42%

Stock Geographic Breakdown

Weighting Return Low Return High OEQIX % Rank
Non US
68.08% 0.00% 100.18% 88.76%
US
23.90% 0.00% 101.58% 13.79%

OEQIX - Expenses

Operational Fees

OEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.03% 24.48% 32.12%
Management Fee 0.90% 0.00% 2.00% 55.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

OEQIX 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

OEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

OEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 189.00% 54.02%

OEQIX - Distributions

Dividend Yield Analysis

OEQIX Category Low Category High OEQIX % Rank
Dividend Yield 3.01% 0.00% 10.29% 23.29%

Dividend Distribution Analysis

OEQIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

OEQIX Category Low Category High OEQIX % Rank
Net Income Ratio 2.73% -1.98% 17.62% 7.92%

Capital Gain Distribution Analysis

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

Distributions History

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OEQIX - Fund Manager Analysis

Managers

Janet Wang


Start Date

Tenure

Tenure Rank

May 03, 2021

1.08

1.1%

Ms. Wang is a managing director and a co-portfolio manager for Oaktree’s Emerging Markets Equity strategy. She has covered a range of sectors at Oaktree including energy, cement, chemicals, consumer and utilities. Ms. Wang also contributed to the development of the Emerging Markets Equity team’s Environmental, Social and Governance (ESG) process and is a longtime member of Oaktree’s Diversity and Inclusion (D&I) Awareness team, having co-led the group from 2017 to 2019. Before joining Oaktree in 2002, Ms. Wang worked for ABN Amro Asia as a research assistant, covering the building materials and airline sectors. Prior thereto, she worked for Evergreen Funds in the Institutional Services department where she served as an institutional services representative. Ms. Wang holds a B.S. degree in finance and marketing from Boston College and an M.B.A. with a concentration in finance from Columbia Business School. She is fluent in Mandarin.

Frank Carroll


Start Date

Tenure

Tenure Rank

May 03, 2021

1.08

1.1%

Prior to joining Oaktree in 1999, Mr. Carroll was the head of trading for Columbus Advisors LLC, where he worked for two years. Mr. Carroll was previously the Head Trader for Latin American Fixed Income at Banco Santander and Bankers Trust. For six years prior to joining Bankers Trust, Mr. Carroll was an emerging markets trader for Salomon Brothers Inc. He received a B.A. degree in history from Fairfield University. Mr. Carroll is currently the co-chair of Oaktree’s ESG Governance Committee, Chairman of Fairfield’s Board of Trustees as well as a Trustee at Brunswick School in Greenwich, Connecticut.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.54 13.42