EN Switzerland Professional Investor

Barings U.S. High Yield Bond Fund

ISIN:IE00BYZRR795

Fund Size
as of 31/10/2019
$ 153.40 Million
Number of Issuers
as of 31/10/2019
133 issuers
Yield to Worst
as of 31/10/2019
5.47%
Geographic Focus
as of 31/10/2019
93.06% North America
4.16% Europe
2.78% 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 IE00BYZRR795
Currency USD
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 31/10/2019

Average Duration

3.01 yrs

Number of Issuers

133 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 7.87%
BB 36.55%
B 36.91%
CCC AND BELOW 17.92%
NR 0.76%
Total 100.01%

Top 5 Countries

Country % of Assets
UNITED STATES 88.45%
CANADA 4.61%
UNITED KINGDOM 1.60%
GHANA 1.51%
ZAMBIA 1.04%
Total 97.21%

Top 10 Holdings

Holding % of Assets
JBS 3.39%
CHARTER COMMUNICATIONS INC. 3.39%
SPRINT CORPORATION 2.35%
KINROSS GOLD CORP. 2.34%
TIBCO SOFTWARE, INC. 2.31%
TRANSDIGM GROUP, INC. 2.28%
KENAN ADVANTAGE 2.25%
ORTHO-CLINICAL DIAGNOSTICS INC. 2.09%
ICAHN ENTERPRISES 2.01%
TENET HEALTHCARE CORPORATION 1.89%
Total 24.30%

Top 10 Industries

Industry % of Assets
COMMUNICATIONS 23.33%
CONSUMER NON-CYCLICAL 16.00%
BASIC INDUSTRY 11.76%
CAPITAL GOODS 10.85%
ENERGY 8.33%
TECHNOLOGY 6.60%
CONSUMER CYCLICAL 6.07%
TRANSPORTATION 5.36%
OTHER FINANCIAL 3.74%
ELECTRIC 1.88%
Total 93.92%
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.