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Barings European High Yield Bond Fund

ISIN:IE00BC1J0M17

Fund Size
as of 31/10/2019
€ 505.00 Million
Number of Issuers
as of 31/10/2019
113 issuers
Yield to Worst
as of 31/10/2019
4.51%
Geographic Focus
as of 31/10/2019
70.07% Europe
29.93% 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 IE00BC1J0M17
Currency EUR
Accumulating / Distributing Distributing
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 31/10/2019

Average Duration

2.48 yrs

Number of Issuers

113 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BAA 2.53%
BA 32.02%
B 49.71%
CAA AND BELOW 15.73%
NR 0.02%
Total 100.01%

Top 5 Countries

Country % of Assets
UNITED KINGDOM 30.18%
UNITED STATES 28.89%
GERMANY 11.02%
FRANCE 5.18%
IRELAND 4.69%
Total 79.96%

Top 10 Holdings

Holding % of Assets
VIRGIN MEDIA 2.21%
ARDAGH PACKAGING 2.16%
AUTOMOTIVE ASSOCIATION (AKA THE AA) 1.97%
TRAVELEX 1.93%
VERITAS 1.89%
IQVIA (FKA QUINTILES/IMS) 1.73%
SYNLAB (FKA LABCO) 1.66%
ADVANZ PHARMA (FKA CONCORDIA INTERNATIONAL CORP.) 1.64%
CENTER PARCS 1.61%
INFOR GLOBAL SOLUTIONS (FKA LAWSON SOFTWARE INC.) 1.56%
Total 18.36%

Top 10 Industries

Industry % of Assets
HEALTHCARE 12.48%
BASIC INDUSTRY 10.15%
CAPITAL GOODS 9.35%
MEDIA 8.54%
SERVICES 7.98%
FINANCIAL SERVICES 6.99%
LEISURE 6.45%
CONSUMER GOODS 6.37%
TELECOMMUNICATIONS 5.39%
TECHNOLOGY & ELECTRONICS 4.53%
Total 78.23%

RelatedViewpoints

  • VIDEO: Q3 2017 European High Yield Bond Fund

    Craig Abouchar, an Investment Manager within the High Yield Investment team, provides an update on the Fund's Q3 2017 performance, current positioning and the team's outlook for the coming months.

    View
See all viewpoints

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The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. 

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