Barrow Hanley International Value Fund
Data updated: 2024-09-30
C000233253 — Barrow Hanley International Value Fund. Europe Large Cap Value Energy Equity · $61.39M AUM. Holdings, fees, performance and SEC filings.
C000233253 Fund Overview
Barrow Hanley International Value Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as Europe Large Cap Value Energy Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund III
- Category: Europe Large Cap Value Energy Equity
- Assets under management: $61.39M
- 1-year return: 0.9%
- SEC CIK: 0001593547
- SEC series ID: S000074890
- Share class ID: C000233253
C000233253 Investment Objective and Strategy
Barrow Hanley International Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.
Investment objective
The Barrow Hanley International Value Fund (the International Value Fund or the Fund) seeks to obtain higher returns compared to the MSCI EAFE Index, while maintaining lower risk.
Principal investment strategy
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. If conditions are not favorable, the Fund will invest at least 30% of its total assets in securities of non-U.S. companies. The Fund considers a company to be a non-U.S. company if: (i) at least 50% of the companys assets are located outside of the U.S.; (ii) at least 50% of the companys revenue is generated outside of the U.S.; (iii) the company is organized or maintains its principal place of business outside of the U.S.; or (iv) the companys securities are traded principally outside of the U.S. The non-U.S. companies in which the Fund invests primarily are based in developed market countries and to a lesser extent are based in emerging market countries.
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. The Fund may invest in the securities of companies based in the Peoples 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 Fund invests principally in common stock and American Depositary Receipts (ADRs), including unsponsored ADRs, of companies of any market capitalization. Barrow, Hanley, Mewhinney & Strauss, LLCs (the Sub-Adviser or Barrow Hanley), the Funds sub-adviser, seeks to invest in companies that are temporarily undervalued for reasons Barrow Hanley can identify, understand, and believe will improve over time.
In addition to valuation, Barrow Hanley typically also looks for companies with what Barrow Hanley believes are stronger than average balance sheets, attractive but sustainable dividend yields, temporarily depressed profitability, and stable-to-improving operating fundamentals. Barrow Hanley expects that the price-to-earnings and price-to-book ratios of the Funds aggregate portfolio typically will be lower than the broad market while simultaneously delivering an opportunity for what Barrow Hanley believes is attractive dividend yield. Barrow Hanley pursues a value-oriented strategy and strives to construct a portfolio of securities, selected on a bottom-up basis, that trade at levels below the MSCI EAFE Index across certain metrics, such as price/earnings (on normalized earnings), price to book, enterprise value to free cash flow and enterprise value to sales ratios, while simultaneously providing dividend yield above the MSCI EAFE Index.
Barrow Hanleys International Value team employs a two-stage process - incorporating both quantitative and qualitative elements - to manage their investment research effort. Initially, the team uses a valuation based, quantitative screen to narrow down a broad universe of approximately 3,800 ex-US stocks to a universe of approximately 150-200 stocks (the guidance list) that appear to Barrow Hanley to have attractive valuations and also exhibit stable to improving operating fundamentals, strong operating cash flow, and a responsible balance sheet. This guidance list serves as the beginning of Barrow Hanleys research teams qualitative assessment. The research team further refines the guidance list using sector-specific criteria (including, capital ratios for financials, price-to-net asset value metrics for energy, and other metrics), ultimately focusing on ideas that Barrow Hanley believes are compelling opportunities.
In the fundamental stage of the investment process, the responsible analyst(s) conducts stock-specific research on each company of interest., including interviews with company management.
C000233253 Holdings
Top 10 holdings of Barrow Hanley International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Henkel AG & Co. KGaA | 2.68% |
| Makita Corporation | 2.55% |
| Julius Baer Gruppe AG | 2.52% |
| Sanofi SA | 2.42% |
| Enbridge Inc. | 2.29% |
| United Overseas Bank Limited | 2.27% |
| Basf SE | 2.02% |
| Aker Bp Asa | 1.98% |
| Smith & Nephew PLC | 1.97% |
| Bnp Paribas SA | 1.95% |
C000233253 Portfolio Allocation
Asset-class allocation of Barrow Hanley International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.1% |
C000233253 Performance
Total returns for C000233253 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.9% |
| 3 years (annualised) | 5.6% |
C000233253 Risk Information
Risk metrics for C000233253, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.3%
C000233253 Costs and Fees
C000233253 costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 1.23%
- Portfolio turnover: 57%
- Brokerage commissions: 18.41 bps of average net assets (SEC N-CEN)
C000233253 Cashflows
Over the 12 months to 2024-07, Barrow Hanley International Value Fund had net inflows of $6.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | $8.79M |
| 2024-06 | −$3.28M |
| 2024-05 | −$238.73K |
| 2024-04 | −$151.91K |
| 2024-03 | −$3.00M |
| 2024-02 | −$6.59M |
C000233253 Debt Constituents
No individual debt constituents are reported in Barrow Hanley International Value Fund's latest SEC N-PORT filing.
C000233253 Prospectus and SEC Filings
Official Barrow Hanley International Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2021-12-29
- Portfolio holdings (N-PORT) — filed 2024-09-30
- Portfolio holdings (N-PORT) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-13
Related Funds
Other Europe Large Cap Value Energy Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.