EN Ireland Professional Investor

Barings Emerging Markets Sovereign Debt Fund


Fund Size
as of 31/12/2021
$ 1.71 Billion
Number of Issuers
as of 31/12/2021
87 issuers
Yield to Worst
as of 31/12/2021
Weighted Average Duration
as of 31/12/2021
7.94 yrs

Fund Facts

Fund Type UCITS
Inception Date 10/09/2015
Domicile Ireland
Asset Class Emerging Markets
Morningstar Category Emerging Markets
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class IA
Currency USD
Accumulating / Distributing Distributing
Share Class Inception Date 15/11/2019
Admin., Depository & Operating Expenses Capped at 20 bps per annum
Management Charges 1.30%


The Barings Emerging Markets Sovereign Debt Fund is an actively managed emerging markets sovereign hard currency strategy. The Fund seeks to provide maximum total return consisting of both income and capital appreciation.


The Fund aims to achieve its investment objective by investing in a diversified portfolio of hard currency investment grade and high yield sovereign debt issued by EM countries. The portfolio management team combines proprietary quantitative models and fundamental analysis tools to analyze country-by-country economic cycles across a universe of 75 plus countries.

Who Should Invest

The Fund is designed for investors seeking a strategy that targets maximum total return, consistent with preservation of capital and prudent investment management, with a focus on investing in a diversified portfolio of EM sovereign hard currency debt.


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 markets where economic and regulatory risk can be significant. The Fund may hold assets that are not always readily saleable. The Fund may have to lower the selling price, sell other investments or forego another more appealing investment opportunity as a result. The Fund may use derivatives for investment purposes. These are complex instruments that carry the risk of causing increased volatility in the value of the Fund.

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 31/12/2021

Credit Rating

Ba2 / BB

Number of Issuers

87 issuers

Regional Composition - Bonds

Credit Quality

Top 5 Countries*

Country % of Assets
BRAZIL 8.61%
MEXICO 8.47%
CHILE 5.58%
Total 33.71%

*Figures shown may reflect derivatives held in the portfolio.

Portfolio Managers

Dr. Ricardo Adrogué

Dr. Ricardo Adrogué

Cem Karacadag

Cem Karacadag


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