EN Switzerland Institutional

Barings European High Yield Bond Fund

ISIN:IE00B44M8N80

Fund Size
as of 31/08/2019
€ 479.60 Million
Number of Issuers
as of 31/08/2019
112 issuers
Yield to Worst
as of 31/08/2019
4.39%
Geographic Focus
as of 31/08/2019
68.92% Europe
31.08% North America

Fund Facts

Fund Type UCITS
Inception Date 31/05/2011
Domicile Ireland
Asset Class High Yield
Morningstar Category Bonds
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class A
ISIN IE00B44M8N80
Currency GBP
Accumulating / Distributing Distributing
Share Class Inception Date 01/10/2015
Admin., Depository & Operating Expenses Capped at 20 bps per annum
Management Charges 0.25%

Objective

The Barings European High Yield Bond Fund is an actively managed high yield bond strategy that seeks to provide high current income generation and, where appropriate, capital appreciation.

Strategy

The Fund seeks to achieve its investment objective by investing in a diversified portfolio of high yield instruments issued by European corporations in any currency, or issued in European currency by corporations established outside Europe and/or listed or traded on recognized markets in Europe.

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. The Fund invests 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 31/08/2019

Average Duration

2.29 yrs

Number of Issuers

112 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 1.99%
BB 34.05%
B 47.02%
CCC AND BELOW 16.93%
NR 0.02%
Total 100.01%

Top 5 Countries

Country % of Assets
UNITED STATES 29.94%
UNITED KINGDOM 25.51%
GERMANY 10.99%
FRANCE 6.85%
IRELAND 4.95%
Total 78.24%

Top 10 Holdings

Holding % of Assets
ARDAGH PACKAGING 2.30%
TRAVELEX 2.06%
VIRGIN MEDIA 1.93%
VERITAS 1.90%
IQVIA (FKA QUINTILES/IMS) 1.85%
SYNLAB (FKA LABCO) 1.75%
INFOR GLOBAL SOLUTIONS (FKA LAWSON SOFTWARE INC.) 1.64%
AUTOMOTIVE ASSOCIATION (AKA THE AA) 1.62%
NEPTUNE ENERGY 1.58%
WARNER MUSIC GROUP 1.52%
Total 18.15%

Top 10 Industries

Industry % of Assets
HEALTHCARE 12.83%
SERVICES 11.73%
MEDIA 9.87%
BASIC INDUSTRY 9.86%
CAPITAL GOODS 6.83%
TELECOMMUNICATIONS 5.91%
FINANCIAL SERVICES 5.88%
CONSUMER GOODS 5.57%
LEISURE 5.35%
RETAIL 4.94%
Total 78.77%

Portfolio Managers

Craig Abouchar, CFA

Craig Abouchar, CFA

Chris Sawyer

Chris Sawyer

See all viewpoints
X

We use cookies on our website to provide you with the best experience. By proceeding to our site you agree to our Cookies Notice and our site Terms and Conditions.