BARROW HANLEY GLOBAL INVESTORS is our brand name under trademark that refers to Barrow,
Hanley, Mewhinney & Strauss, LLC and is also our primary business name.
Barrow Hanley is an investment adviser registered with the U.S. Securities and Exchange Commission
(“SEC”), CRD No. 105519, under the Investment Advisers Act of 1940 (the “Advisers Act”). Barrow
Hanley, with its principal office and place of business located at 2200 Ross Avenue, 31st Floor, Dallas,
Texas 75201, has provided U.S. and global equity and fixed income management strategies to institutional
investors, mutual funds, and other clients since 1979. Barrow Hanley manages the business and affairs of
BH Credit Management LLC (“BHCM”), a wholly-owned subsidiary of Barrow Hanley, that advises CLOs
and funds that invest in CLOs. Barrow Hanley shares certain personnel with, and provides certain services
to, BHCM pursuant to a staff and services agreement. This arrangement is also disclosed in Item 10 Other
Financial Industry Activities and Affiliations.
Barrow Hanley has adopted a set of Compliance Policies and Procedures that are reasonably designed to
manage potential conflicts of interests and has implemented internal review processes for oversight by the
CCO, its directors and independent third-parties to address and mitigate actual conflicts.
FIRM OWNERSHIP
Barrow Hanley is majority owned by Perpetual Limited (“Perpetual Group”) (ASX: PPT), a global financial
services firm operating a multi-boutique asset management business, as well as wealth management and
trustee services businesses. Please refer to Barrow Hanley’s Form ADV, Part 1, Schedules A and B, for
additional information about ownership of the Firm.
EXECUTIVE OFFICERS
The Executive Officers of Barrow Hanley are:
Name Title
Cory Martin Chief Executive Officer and Executive Director, Member
Board of Managers
Patricia Barron Chief Operating Officer, Executive Director, Member
Board of Managers
Mark Giambrone Executive Director, Member Board of Managers
Erin Sisson Chief Financial Officer, Managing Director
Hannah Ackels Chief Compliance Officer, Director
Rob Adams Member Board of Managers, Perpetual Group Executive
Allan Lo Proto Member Board of Managers, Perpetual Group Executive
Simone Mosse Member Board of Managers, Perpetual Group Executive
Craig Squires Member Board of Managers, Perpetual Group Executive
PORTFOLIO MANAGEMENT
Barrow Hanley offers the following advisory services to its clients:
Barrow Hanley manages advisory accounts on a discretionary and non-discretionary basis. The investment
strategies and fees offered by Barrow Hanley are show in Item 5. At the inception of the relationship, the
client selects an investment strategy for its account to be managed according to the strategy’s guidelines
and benchmark, or provides its investment objectives, guidelines, restrictions, and the appropriate
benchmark. The Firm’s investment recommendations are based on its value strategies, as described below,
and include advice regarding the following types of securities:
• Global equities.
• Warrants and/or rights.
• Investment grade and non-investment grade credit and/or corporate bonds.
• Municipal bonds.
• U.S. governmental bonds.
• Mortgage backed, asset backed, and commercial mortgage backed securities.
• Sovereign bonds.
• Bank loans, par loans, junior and
senior secured and unsecured loans, other asset-backed loans,
stressed and distressed debt, CLOs, structured debt and equity and subordinated notes, other types
of securitized debt tranches, and warehouse loan facilities.
• Interests in partnerships investing in the Firm’s value strategies.
Barrow Hanley’s equity portfolio managers and analysts work as a team for the purposes of generating and
researching investment ideas within their investment mandates. There are four portfolio managers, fourteen
portfolio manager/analysts, four client portfolio managers and thirteen analysts. Individual security
holdings and their weightings in the Firm’s portfolios are the result of input from both analysts and portfolio
managers. Barrow Hanley on occasion buys and sells the same security at the same time for different
accounts due to cash flow considerations. These trades are not crossed, but instead, are worked in the
marketplace in an effort to achieve best execution for each trade. Portfolio managers have broad research
responsibilities, focused on particular sectors. Analysts have specific industry assignments for more in-
depth research. Client portfolio managers work in tandem with the portfolio managers and are responsible
for the effective flow of all vital information to, and from, the Firm’s clients.
Barrow Hanley’s fixed income portfolios are managed in a team approach, with investment strategy
decisions resulting from a consensus of its fixed income professionals; there is one portfolio manager,
six portfolio manager/analysts, one structuring portfolio manager, one client portfolio manager and seven
analysts. Fixed income research responsibilities are divided among the team members, each specializing
in areas in which they have particular expertise and interest. Individual bond selection decisions are made
across all portfolios having similar investment objectives. Client portfolio managers, working with the
portfolio manager/analysts, are responsible for the effective flow of all vital information to, and from, the
Firm’s clients.
Pursuant to Rule 206(4)-2, Barrow Hanley is deemed to have custody of the private funds under its
management due to its related person, Barrow Hanley Holding GP LLC, serving as Managing Member of
the private funds. Barrow Hanley does not maintain physical custody or possession of these funds or
securities of any client.
ASSETS UNDER MANAGEMENT
As of December 31, 2023, Barrow Hanley actively managed client assets on a discretionary basis and non-
discretionary basis in the following amounts:
Type Amount
Discretionary USD $ 45,228,603,185
Non-Discretionary USD $ 4,640,726,687
Total Firm USD $ 49,869,329,873
CLASS ACTION CLAIMS
As stated in the latest investment management agreement(s) between Barrow Hanley and its clients, Barrow
Hanley does not file class action settlement claims on behalf of its clients. Barrow Hanley considers the
decision to participate in class action litigation to be a legal matter requiring legal advice and Barrow Hanley
does not render legal advice to its clients. Accordingly, Barrow Hanley does not have the discretion
necessary, nor can it assume the responsibility to make decisions regarding participation in class action
litigation involving securities in Barrow Hanley clients’ portfolios.