EN Italy Institutional

Barings U.S. Loan Fund

ISIN:IE00BG1TSC55

Fund Size
as of 31/10/2021
927.00 Million
Weighted Average Duration
as of 31/10/2021
0.14 yrs
Geographic Focus
as of 31/10/2021
95.70% North America
4.08% Europe
0.21% Rest of World
Current Yield
as of 31/10/2021
4.30%

Fund Facts

Fund Type Qualifying Investor Alternative Investment Fund
Inception Date 31/08/2018
Domicile Ireland
Asset Class Fixed Income
Morningstar Category Loans
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class A
ISIN IE00BG1TSC55
Currency USD
Accumulating / Distributing Distributing
Share Class Inception Date 31/08/2018
Admin., Depository & Operating Expenses Capped at 12.5 bps per annum
Management Charges 0.32%

Objective

The Barings U.S. Loan Fund seeks to provide investors with current income and, in certain circumstances, capital appreciation.

Strategy

The Fund seeks to achieve its investment objective by primarily investing in U.S. dollar denominated senior secured loans.

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. While the Fund will primarily invest in senior secured loans, the fund will also invest 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 31/10/2021

Average Duration

0.14 yrs

Number of Issuers

250 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BBB 0.72%
BB 18.84%
B 70.28%
CCC AND BELOW 9.28%
NR/NPR 0.88%
Total 100.00%

Top 5 Countries

Country % of Assets
UNITED STATES 93.95%
CANADA 1.75%
UNITED KINGDOM 1.38%
GERMANY 0.99%
SWITZERLAND 0.58%
Total 98.65%

Top 10 Holdings

Holding % of Assets
MISYS 1.40%
ALLIANT 1.40%
ASURION 1.24%
SYNIVERSE TECHNOLOGIES 1.22%
CLEAR CHANNEL WORLDWIDE HOLDINGS INC. 1.11%
SOLENIS 1.04%
ALTICE USA, INC 1.02%
CVENT 0.98%
TIBCO SOFTWARE, INC. 0.97%
RENAISSANCE LEARNING, INC. 0.92%
Total 11.30%

Top 10 Industries

Industry % of Assets
INFORMATION TECHNOLOGY 18.31%
HEALTHCARE 12.90%
FINANCIAL 8.34%
SERVICE 6.26%
CHEMICALS 5.73%
GAMING/LEISURE 5.58%
MANUFACTURING 4.86%
DIVERSIFIED MEDIA 4.76%
FOREST PROD/CONTAINERS 4.44%
HOUSING 4.25%
Total 75.43%

Portfolio Managers

Thomas McDonnell

Thomas McDonnell

Casey McKinney

Casey McKinney

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