Barrow Hanley Floating Rate Fund (BFRNX)

A fundamental, active, valuation-centric strategy focusing on security selection to build a bottom-up portfolio within the bank loan universe. 

The Fund, managed by a team with deep experience investing together through multiple market cycles, utilizes the full breadth of the firm's fundamental research capabilities to identify companies across the market-cap spectrum to exploit inefficiencies resulting in a differentiated portfolio.

Investment Objective:

The Fund seeks to maximize total return, consistent with the preservation of capital.

Investment Overview:

We believe markets are inefficient, and that these inefficiencies can best be exploited through adherence to a valuation centric investment process dedicated to the selection of securities on a bottom-up basis.  Additional market forces of rate volatility, market liquidity, new issue underwriting activity and fund flows, among other influences, create inefficiencies that provide trading opportunities.  Barrow Hanley’s fundamental credit research allows our team to accurately price the risk of loss and generate above market returns.

Strategy Summary:

Asset Class US Fixed Income
Investment Style Bottom-Up Security Selection
Benchmark Credit Suisse Leveraged Loan Index
Class I Shares BFRNX

 

Expense Ratio

Gross


Net*


Class I Shares


0.85%


0.60%

*The Fund’s Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses until 2/28/24.

KEY DOCUMENTS

PROSPECTUS
SUMMARY PROSPECTUS
Statement of Additional Information
FUND PROFILE
DIRECT INVESTMENT APPLICATION

 



Important Information:

The Fund’s returns will vary, and you could lose money by investing in the Fund. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. The Fund may invest in obligations with interest rates that are reset periodically, and the value of floating rate securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Collateralized Loan Obligations (CLOs) are debt securities issued in different tranches, with varying degrees of risk, and backed by an underlying portfolio consisting primarily of below investment grade corporate loans. The return of principal is not guaranteed, and prices may decline if payments are not made timely or credit strength weakens. CLOs are subject to liquidity risk, interest rate risk, credit risk, call risk and the risk of default of the underlying assets. High-yield bond issuers are usually not as strong financially as investment-grade bond issuers and, therefore, are more likely to suffer an adverse change in financial condition that would result in the inability to meet a financial obligation. Accordingly, securities and loans involving such companies carry a higher risk of default and should be considered speculative. Investments in bank loans may be subject to limited public information and difficult to value. The secondary market for bank loans may be subject to irregular trading and wide bid/ask spreads, which may cause the Fund to be unable to realize the full value of its investment in the bank loan.

The Credit Suisse Leveraged Loan Index tracks the investable market of the U.S. dollar denominated leverage loan market. All loans are funded term loans with a tenor of at least one year and are made by issuers domiciled in developed countries. It is not possible to directly invest in an unmanaged index.

For the most current month end performance information, please call +1 866 778 6397. 

Please carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information is contained in the Fund’s prospectus and summary prospectus, which you may obtain by calling +1-866-778-6397. Read the prospectus and summary prospectus carefully before investing. Investing includes the risk of loss.

Perpetual US Services LLC serves as investment adviser to the Fund. Barrow Hanley serves as investment sub-adviser to the Fund and is responsible for the management of the Fund’s portfolio of securities.

Distributed by SEI Investments Distribution Co., member FINRA/SIPC; not affiliated with Perpetual Asset Management (Americas).

Copyright © 2022 Perpetual Asset Management International.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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