EN Switzerland Institutional

Barings European High Yield Bond Fund

ISIN:IE00BC1J0Q54

Fund Size
as of 30/06/2019
€ 454.40 Million
Number of Issuers
as of 30/06/2019
112 issuers
Yield to Worst
as of 30/06/2019
4.75%
Geographic Focus
as of 30/06/2019
71.63% Europe
28.37% 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 E
ISIN IE00BC1J0Q54
Currency USD
Accumulating / Distributing Accumulating
Admin., Depository & Operating Expenses Capped at 20 bps per annum
Management Charges 1.00%

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 30/06/2019

Average Duration

2.32 yrs

Number of Issuers

112 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 1.79%
BB 29.09%
B 48.28%
CCC AND BELOW 20.39%
NR 0.44%
Total 99.99%

Top 5 Countries

Country % of Assets
UNITED KINGDOM 32.72%
UNITED STATES 27.25%
GERMANY 10.29%
FRANCE 6.34%
NETHERLANDS 4.07%
Total 80.67%

Top 10 Holdings

Holding % of Assets
DOMESTIC & GENERAL 2.75%
VUE CINEMAS 2.28%
SYNLAB (FKA LABCO) 2.02%
TRAVELEX 2.00%
AUTOMOTIVE ASSOCIATION (AKA THE AA) 1.77%
INFOR GLOBAL SOLUTIONS (FKA LAWSON SOFTWARE INC.) 1.73%
PERFORM GROUP 1.70%
VERITAS 1.69%
NEPTUNE ENERGY 1.64%
WARNER MUSIC GROUP 1.59%
Total 19.17%

Top 10 Industries

Industry % of Assets
MEDIA 12.78%
HEALTHCARE 10.88%
BASIC INDUSTRY 9.78%
SERVICES 9.08%
LEISURE 8.39%
RETAIL 6.12%
CONSUMER GOODS 5.51%
TELECOMMUNICATIONS 5.14%
ENERGY 4.88%
INSURANCE 4.66%
Total 77.22%

Portfolio Managers

Chris Sawyer

Chris Sawyer

Craig Abouchar, CFA

Craig Abouchar, CFA

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