EN Italy Institutional

Barings Emerging Markets Local Debt Fund

ISIN:IE00BKZGY116

Fund Size
as of 30/09/2019
$ 1.89 Billion
Number of Issuers
as of 30/09/2019
18 issuers
Yield to Worst
as of 30/09/2019
6.31%
Weighted Average Duration
as of 30/09/2019
6.47 yrs

Fund Facts

Fund Type UCITS
Inception Date 16/04/2014
Domicile Ireland
Asset Class Emerging Markets
Morningstar Category Emerging Markets
Distributions Quarterly
Dealing Frequency Daily

Share Class Info

Share Class E
ISIN IE00BKZGY116
Currency EUR
Accumulating / Distributing Accumulating
Share Class Inception Date 10/04/2015
Admin., Depository & Operating Expenses Capped at 20 bps per annum
Management Charges 1.20%

Objective

The Barings Emerging Markets Local Debt Fund seeks to achieve excess returns over the J.P. Morgan Global Bond Index Emerging Markets Global Diversified (GBI-EMGD).

Strategy

The Fund seeks to achieve both capital appreciation and income. The portfolio management team combines quantitative models and macroeconomic analysis with bottom-up sovereign research to identify economic cycles and economic competiveness across a wide range of emerging market countries. The economic cycle is considered to be the key determinant of interest rates and competitiveness the key driver of currencies.

Who Should Invest

The Fund is designed for investors seeking a strategy that targets long-term total return through investment in a diversified portfolio of EM local currency-denominated debt.

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 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 30/09/2019

Credit Rating

Baa2 / BBB

Number of Issuers

18 issuers

Regional Composition - Currencies

Top Countries vs. Benchmark

Top 10 Holdings

Holding % of Assets
MEXICAN BONOS 17.45%
COLOMBIA, GOVERNMENT OF 11.42%
INDONESIA GOVERNMENT INTERNATIONAL BOND 8.38%
PERU GOVERNMENT BOND 7.96%
RUSSIA, GOVERNMENT OF 7.95%
SOUTH AFRICA, GOVERNMENT OF 7.16%
BRAZIL NOTAS DO TESOURO NACIONAL SERIE B 7.15%
MALAYSIA GOVERNMENT BOND 6.40%
ROMANIA GOVERNMENT BOND 4.31%
PHILIPPINE GOVERNMENT BOND 3.05%
Total 81.23%

Portfolio by Region - Sovereign Bonds

Portfolio Managers

Dr. Ricardo Adrogué

Dr. Ricardo Adrogué

Cem Karacadag

Cem Karacadag

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