EN Sweden Institutional

Barings European High Yield Bond Fund

ISIN:IE00BC1J0R61

Fund Size
as of 30/04/2020
€ 426.60 Million
Number of Issuers
as of 30/04/2020
104 issuers
Yield to Worst
as of 30/04/2020
9.31%
Geographic Focus
as of 30/04/2020
70.75% Europe
29.25% 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 IE00BC1J0R61
Currency USD
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. The Fund will aim to achieve a total return in excess of the BofAML European Currency Non-Financial High Yield Constrained Index (the “Benchmark”).

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 30/04/2020

Average Duration

3.99 yrs

Number of Issuers

104 issuers

Portfolio Assets Composition

Quality Distribution

Ratings % of Assets
BAA 3.62%
BA 28.47%
B 45.51%
CAA AND BELOW 22.39%
NR 0.02%
Total 100.01%

Top 5 Countries

Country % of Assets
UNITED STATES 29.25%
UNITED KINGDOM 28.52%
GERMANY 12.88%
FRANCE 5.32%
ITALY 4.15%
Total 80.12%

Top 10 Holdings

Holding % of Assets
VERITAS 2.79%
TECHEM 2.43%
MEDICAL PROPERTIES TRUST 2.25%
AUTOMOTIVE ASSOCIATION (AKA THE AA) 2.09%
VIRGIN MEDIA 1.87%
SYNLAB (FKA LABCO) 1.86%
ADVANZ PHARMA 1.85%
INFOR GLOBAL SOLUTIONS (FKA LAWSON SOFTWARE INC.) 1.81%
RAC 1.64%
ENERGIZER 1.59%
Total 20.18%

Top 10 Industries

Industry % of Assets
HEALTHCARE 12.69%
CAPITAL GOODS 9.73%
BASIC INDUSTRY 9.19%
MEDIA 8.39%
CONSUMER GOODS 7.53%
FINANCIAL SERVICES 6.83%
LEISURE 6.74%
TECHNOLOGY & ELECTRONICS 6.61%
SERVICES 5.84%
TELECOMMUNICATIONS 4.71%
Total 78.26%

Portfolio Managers

Craig Abouchar, CFA

Craig Abouchar, CFA

Chris Sawyer

Chris Sawyer

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