Barings Investment Grade CLO Fund
ISIN:IE00BQLDM925
as of 31/03/2020
as of 31/03/2020
as of 31/03/2020
as of 31/03/2020
as of 31/03/2020
Fund Facts
| Fund Type | Qualifying Investor Alternative Investment Fund |
| Inception Date | 21/03/2014 |
| Domicile | Ireland |
| Asset Class | Structured Credit |
| Morningstar Category | Loans |
| Distributions | Quarterly |
| Dealing Frequency | Daily |
Share Class Info
| Share Class | A |
| ISIN | IE00BQLDM925 |
| Currency | AUD |
| Accumulating / Distributing | Accumulating |
| Management Charges | 0.21% |
Objective
The Barings Investment Grade CLO Fund seeks to provide access to attractive credit spreads and considerable protection from credit losses by investing primarily in senior CLO tranches that are carefully selected by Barings’ highly experienced structured credit team.
Strategy
The Fund opportunistically invests primarily in senior U.S. CLO tranches—1st, 2nd, 3rd, and 4th priority—with original ratings between AAA and BBB. The Fund employs a fundamental credit process with experienced CLO managers, structures and collateral portfolios and seeks to capture relative value opportunities between both the primary and secondary markets and the 1st, 2nd, 3rd and 4th priority tranches.
Who Should Invest
The Fund is designed for investors seeking to benefit from a strategy that provides 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 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 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 31/03/2020
Average Life
6.22 yrs
Number of Managers
43.00 Managers
Regional Composition - Bonds
Credit Quality
Top 10 Holdings
| Holding | % of Assets |
| CIFC FUNDING 2014-V - RESET | 2.90% |
| RR 1 | 1.78% |
| RR 5 LTD. | 1.62% |
| CRESTLINE DENALI CLO XIV - RESET | 1.56% |
| ROCKFORD TOWER | 1.56% |
| HPS LOAN MANAGEMENT 14-2019, LTD. | 1.49% |
| BLUEMOUNTAIN CLO XXIII LTD. | 1.41% |
| REGATTA VIII FUNDING | 1.32% |
| OAKTREE CLO 2018-1, LTD. | 1.23% |
| MADISON PARK FUNDING XXIX, LTD. | 1.21% |
| Total | 16.08% |
Top 10 CLO Managers
| Manager | % of MV |
| APOLLO MANAGEMENT, L.P. | 8.36% |
| CSFB ALTERNATIVE CAPITAL | 6.17% |
| CIFC ASSET MANAGEMENT | 4.94% |
| PGIM | 4.83% |
| KKR CREDIT ADVISORS | 4.54% |
| BAIN CAPITAL CREDIT | 4.49% |
| FIRST EAGLE INVESTMENT MANAGEMENT | 3.88% |
| OAK HILL ADVISORS | 3.62% |
| HPS INVESTMENT PARTNERS, LLC | 3.61% |
| CRESTLINE DENALI CAPITAL, L.P. | 3.40% |
| Total | 47.84% |
Documents
Portfolio Managers
Kathleen Kraez
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