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Barings U.S. Loan Fund

ISIN:IE00BG1TZ469

Fund Facts

Fund Type Qualifying Investor Alternative Investment Fund
Inception Date 31/08/2018
Domicile Ireland
Asset Class Fixed Income
Morningstar Category Loans
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class B
ISIN IE00BG1TZ469
Currency JPY
Accumulating / Distributing Distributing
Share Class Inception Date 31/08/2018
Admin., Depository & Operating Expenses Capped at 12.5 bps per annum
Management Charges 0.38%

Objective

The Barings U.S. Loan Fund seeks to provide investors with current income and, in certain circumstances, capital appreciation.

Strategy

The fund seeks to achieve its investment objective by primarily investing in U.S. dollar denominated senior secured loans.

Who Should Invest

The fund is designed for investors seeking to benefit from a strategy that aims to produce a high current income generation and, where appropriate, capital appreciation.

Risks

The value of investments and the income they provide can fall as well as rise and investors may not get back the amount originally invested. While the fund will primarily invest in senior secured loans, the fund will also invest in high yield bonds. The value of these investments tends to be more volatile than investment grade bonds.

The information available on this website is not an offer to sell or an invitation to apply for this product and is by way of information only, nor is the information available on this website intended as an offering of this product to US Persons. Depending on your jurisdiction, you may not have access to this product. Individual investors should contact their financial advisor before investing in this product. The Key Investor Information Document (KIID), if applicable, must be received and read before investing. All other relevant documents relating to the product such as the Report and Accounts and Prospectus should also be read. The information available on this website does not constitute investment, tax, legal or other advice or recommendation.

Portfolio as of 31/07/2019

Average Duration

0.18 yrs

Number of Issuers

155 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BB 24.43%
B 63.35%
CCC AND BELOW 11.18%
NR 1.04%
Total 100.00%

Top 5 Countries

Country % of Assets
UNITED STATES 92.22%
UNITED KINGDOM 3.63%
CANADA 2.14%
NETHERLANDS 1.26%
GERMANY 0.76%
Total 100.01%

Top 10 Holdings

Holding % of Assets
ASURION 1.68%
VERTAFORE 1.61%
VERITAS 1.58%
FINASTRA (FKA MISYS) 1.51%
CENTURYLINK, INC. 1.49%
FIELDWOOD ENERGY LLC 1.44%
APEX TOOL GROUP, LLC. 1.38%
HUB INTERNATIONAL LIMITED 1.36%
ALTICE USA, INC 1.34%
SPRINT CORPORATION 1.30%
Total 14.69%

Top 10 Industries

Industry % of Assets
INFORMATION TECHNOLOGY 18.78%
HEALTHCARE 13.47%
FINANCIAL 11.47%
SERVICE 6.93%
FOREST PROD/CONTAINERS 4.93%
MANUFACTURING 4.81%
ENERGY 4.76%
GAMING/LEISURE 3.74%
CHEMICALS 3.72%
DIVERSIFIED MEDIA 3.62%
Total 76.23%

Portfolio Managers

Thomas McDonnell

Thomas McDonnell

David Mihalick

David Mihalick

Mark Senkpiel, CFA

Mark Senkpiel, CFA

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