Fund Evaluator:

Barrow Hanley Concentrated EM ESG Opps I Overview

Barrow Hanley Concentrated EM ESG Opps I (BEOIX) is an actively managed International Equity Diversified Emerging Mkts fund. Perpetual Funds launched the fund in 2022.

The investment seeks long term capital appreciation and consistent income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies located in emerging market countries and instruments with economic characteristics similar to such securities. The fund may invest in the securities of companies located in 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.

About Barrow Hanley Concentrated EM ESG Opps I (BEOIX)

There are 3 members of the management team with an average tenure of 4.30 years: Sherry Zhang (2022), Randolph Wrighton (2022), David Feygenson (2022). 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 Concentrated EM ESG Opps I has 69 securities in its portfolio. The top 10 holdings constitute 42.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Barrow Hanley Concentrated EM ESG Opps I is part of the Equity global asset class and is within the International Equity fund group. Barrow Hanley Concentrated EM ESG Opps I has 93.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.9%. There is 93.6% 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 Concentrated EM ESG Opps I has 3.5% of the portfolio in cash.

Assets Under Management

The fund has $10 million in total assets, which is below the $967 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.

BEOIX 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 Concentrated EM ESG Opps I expense ratio is high compared to funds in the Diversified Emerging Mkts category. Barrow Hanley Concentrated EM ESG Opps I has an expense ratio of 1.11%, which is 4% lower than its category average, making the fund expense ratio grade a C. 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 Concentrated EM ESG Opps I has a portfolio turnover rate of 54%, 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 July 2026, Barrow Hanley Concentrated EM ESG Opps I returned -5.6%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -4.9%. 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 Concentrated EM ESG Opps I has a trailing yield of 3.61%, which is above the 1.72% 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 Concentrated EM ESG Opps I Grades

Year to date, the fund has returned 38.8%, 19.8 percentage points better than the category, which translates into a grade of A. The fund has returned 64.2% over the past year (grade of A) and 23.9% over the past three years (grade of A).

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