Fund Evaluator:

Barrow Hanley Emerging Markets Value I Overview

Barrow Hanley Emerging Markets Value I (BEMVX) is an actively managed International Equity Diversified Emerging Mkts fund. Perpetual Funds launched the fund in 2021.

The investment seeks long term capital appreciation and consistent income from dividends. 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. 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.

About Barrow Hanley Emerging Markets Value I (BEMVX)

There are 3 members of the management team with an average tenure of 4.67 years: Sherry Zhang (2021), Randolph Wrighton (2021), David Feygenson (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI EM Value NR USD index with a weighting of 100%. Barrow Hanley Emerging Markets Value I has 91 securities in its portfolio. The top 10 holdings constitute 28.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Barrow Hanley Emerging Markets Value I is part of the Equity global asset class and is within the International Equity fund group. Barrow Hanley Emerging Markets Value I has 93.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.2%. There is 93.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Barrow Hanley Emerging Markets Value I has 3.0% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $992 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BEMVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Barrow Hanley Emerging Markets Value I expense ratio is high compared to funds in the Diversified Emerging Mkts category. Barrow Hanley Emerging Markets Value I has an expense ratio of 0.98%, which is 15% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Barrow Hanley Emerging Markets Value I has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of August 2026, Barrow Hanley Emerging Markets Value I returned 7.2%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of 3.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Barrow Hanley Emerging Markets Value I has a trailing yield of 2.83%, which is above the 1.65% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Barrow Hanley Emerging Markets Value I Grades

Year to date, the fund has returned 35.5%, 11.7 percentage points better than the category, which translates into a grade of A. The fund has returned 55.8% over the past year (grade of A) and 25.3% over the past three years (grade of A).

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