Fund Evaluator:
Barrow Hanley International Value I (BNIVX)
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Fund Details
Barrow Hanley International Value I Overview
Barrow Hanley International Value I (BNIVX) is an actively managed International Equity Foreign Large Value fund. Perpetual Funds launched the fund in 2021.
The investment seeks to obtain higher returns compared to the MSCI EAFE Value Index, while maintaining lower risk. Under normal circumstances, the fund invests in at least three countries, and invests at least 40% of its total assets in securities of non-U.S. companies. The fund invests principally in common stock and American Depositary Receipts (“ADRs”), including unsponsored ADRs, of companies of any market capitalization.
About Barrow Hanley International Value I (BNIVX)
There are 2 members of the management team with an average tenure of 4.67 years: Randolph Wrighton (2021), Patrik Wibom (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and MSCI EAFE Value NR USD index with a weighting of 100%. Barrow Hanley International Value I has 87 securities in its portfolio. The top 10 holdings constitute 23.3% 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 International Value I is part of the Equity global asset class and is within the International Equity fund group. Barrow Hanley International Value I has 95.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.8%. There is 95.6% 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 International Value I has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $992 million average for the Foreign Large Value 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.
BNIVX 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 International Value I expense ratio is high compared to funds in the Foreign Large Value category. Barrow Hanley International Value I has an expense ratio of 0.92%, which is 12% 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 International Value I has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.
Recently, in the month of August 2026, Barrow Hanley International Value I returned 2.2%, which earned it a grade of B, as the Foreign Large Value category had an average return of 1.5%. 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 International Value I has a trailing yield of 2.67%, which is below the 2.71% 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 International Value I Grades
Year to date, the fund has returned 22.5%, 5.9 percentage points better than the category, which translates into a grade of A. The fund has returned 33.3% over the past year (grade of A) and 19.2% over the past three years (grade of D).
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BNIVX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BNIVX Return (NAV) | 2.2% | 0.5% | 33.3% | 19.2% | na | na |
| BNIVX Grade | B | F | A | D | na | na |
| +/- Category | 0.7% | -4.3% | 6.0% | -2.1% | na | na |
| Foreign Large Value Avg | 1.5% | 4.8% | 27.3% | 21.2% | 12.3% | 9.8% |
| BNIVX Tax Cost Ratio | na | na | 1.7% | 2.0% | na | na |
BNIVX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BNIVX Return (NAV) | 22.5% | 37.0% | -3.3% | 16.3% | -1.9% | na | na | na | na | na | na |
| BNIVX Grade | A | D | F | D | A | na | na | na | na | na | na |
| +/- Category | 5.9% | -1.7% | -7.7% | -1.5% | 7.5% | na | na | na | na | na | na |
| Foreign Large Value Avg | 16.6% | 38.7% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.1% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 14.5% |
| Total Risk Index: | 1.19 - Above Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 1.00 |
| R-Squared: | 84% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $14 Mil |
| Fund Total Assets: | $ 14 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 41% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Wrighton Randolph (2021), Wibom Patrik (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 87 |
| % in Top 10 Holdings: | 23.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.6% |
Portfolio Allocation |
|
| Domestic Stock: | 3.8% |
| Foreign Stock: | 95.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Perpetual Funds |
| Phone Number: | 866-778-6397 |
| Website: |
| Status: | Open |
| Inception Date: | December 29, 2021 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Barrow Hanley International Value I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
