EN Switzerland Institutional

Barings U.S. High Yield Bond Fund

ISIN:IE00BYZRRB39

Fund Size
as of 31/10/2020
$ 117.30 Million
Number of Issuers
as of 31/10/2020
171 issuers
Yield to Worst
as of 31/10/2020
6.64%
Geographic Focus
as of 31/10/2020
94.28% North America
2.90% Europe
2.77% Rest of World

Fund Facts

Fund Type UCITS
Inception Date 17/02/2016
Domicile Ireland
Asset Class High Yield
Morningstar Category Bonds
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class E
ISIN IE00BYZRRB39
Currency EUR
Accumulating / Distributing Accumulating
Admin., Depository & Operating Expenses Capped at 20 bps per annum
Management Charges 0.00%

Objective

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

Strategy

The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of North American high yield bonds that are listed or traded on recognized markets in North America.

Who Should Invest

The Fund is designed for investors seeking to benefit from a strategy that provides 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 31/10/2020

Average Duration

3.85 yrs

Number of Issuers

171 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 1.41%
BB 42.66%
B 31.96%
CCC AND BELOW 21.50%
NR/NPR 2.42%
Total 99.95%

Top 5 Countries

Country % of Assets
UNITED STATES 90.74%
CANADA 3.21%
ZAMBIA 2.22%
ITALY 0.88%
NETHERLANDS 0.65%
Total 97.70%

Top 10 Holdings

Holding % of Assets
JBS 3.53%
FORD MOTOR CO. 3.48%
KENAN ADVANTAGE 3.24%
ICAHN ENTERPRISES 2.72%
SPRINT 2.39%
FIRST QUANTUM MINERALS LTD 2.16%
LBC TANK TERMINALS 2.16%
VERITAS 1.78%
BAUSCH HEALTH COMPANIES INC. 1.75%
CHARTER COMMUNICATIONS INC. 1.69%
Total 24.90%

Top 10 Industries

Industry % of Assets
COMMUNICATIONS 16.19%
CONSUMER CYCLICAL 15.08%
ENERGY 11.38%
CONSUMER NON-CYCLICAL 11.08%
BASIC INDUSTRY 9.88%
CAPITAL GOODS 8.27%
TECHNOLOGY 8.08%
TRANSPORTATION 7.07%
REITS 3.02%
INSURANCE 2.90%
Total 92.95%

Portfolio Managers

Sean Feeley, CFA

Sean Feeley, CFA

Scott Roth, CFA

Scott Roth, CFA

Kelly Burton

Kelly Burton

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