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Barings European High Yield Bond Fund

ISIN:IE00BK71BD52

Fund Size
as of 31/03/2021
€ 475.20 Million
Number of Issuers
as of 31/03/2021
119 issuers
Yield to Worst
as of 31/03/2021
3.89%
Geographic Focus
as of 31/03/2021
75.72% Europe
24.28% Amérique du Nord

Fund Facts

Type de fond UCITS
Date de création 31/05/2011
Domicile Irlande
Classe d'actifs High Yield
Morningstar Category Bonds
Distributions Quarterly
Dealing Frequency Daily

Classes disponibles

Share Class A1
ISIN IE00BK71BD52
Devise USD
Accumulating / Distributing Distributing
Share Class Inception Date 12/08/2020
Admin., Depository & Operating Expenses 1.2%
Management Charges 0.00%

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. The Fund will aim to achieve a total return in excess of the BofAML European Currency Non-Financial High Yield Constrained Index (the “Benchmark”).

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.

Portefeuille as of 31/03/2021

Average Duration

2.78 yrs

Number of Issuers

119 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 3.37%
BB 28.67%
B 45.53%
CCC AND BELOW 20.09%
NR 2.35%
NR 2.35%
Total 102.36%

Top 5 Countries

Country % of Assets
ROYAUME-UNI 29.74%
ETATS-UNIS 24.28%
GERMANY 12.21%
FRANCE 10.34%
ITALIE 4.13%
Total 80.70%

Top 10 Holdings

Holding % of Assets
ADVANZ PHARMA 2.83%
VERITAS 2.55%
VERISURE 2.47%
RAC 1.91%
CGG 1.91%
CENTER PARCS 1.70%
DOMESTIC & GENERAL 1.61%
BMC SOFTWARE 1.54%
AUTOMOTIVE ASSOCIATION (AKA THE AA) 1.50%
HEATHROW FINANCE PLC 1.49%
Total 19.51%

Top 10 Industries

Industry % of Assets
LEISURE 10.65%
HEALTHCARE 9.94%
TECHNOLOGY & ELECTRONICS 9.20%
SERVICES 8.59%
BASIC INDUSTRY 6.97%
TELECOMMUNICATIONS 6.90%
MEDIA 6.75%
RETAIL 6.31%
CAPITAL GOODS 5.81%
AUTOMOTIVE 5.70%
Total 76.82%
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