EN United States Financial Advisor

Barings Global Emerging Markets Equity Fund

CUSIP:06759W620

Symbol:BXQAX

NAV
as of 05/10/2021
USD 13.430
Number of Issuers
as of 03/31/2021
49 issuers

Objective

The Barings Global Emerging Markets Fund (The “Fund”) is an actively managed Emerging Markets (“EM”) equity strategy. The investment objective of the Fund is to seek long-term capital growth primarily through investment in a diversified portfolio of developing country equity securities.

Strategy

The Fund will seek to achieve its objective by identifying investment opportunities through a differentiated and innovative investment process using fundamental, bottom-up analysis.

Who Should Invest

The Fund is designed for investors seeking a strategy that targets long-term capital growth by investing in global emerging market equities.

Performance

Average Annual Returns %

May YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge -1.12% 1.10% 42.33% N/A N/A 13.33%
Without Sales Charge -1.12% 1.10% 42.33% N/A N/A 13.33%

Performance less than one year is cumulative; all other performance is annualized. Class A shares are sold at the net asset value per share without a sales charge.

April YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge 1.06% 2.25% 42.01% N/A N/A 13.96%
Without Sales Charge 1.06% 2.25% 42.01% N/A N/A 13.96%
MSCI Emerging Markets Total Return Index with Net Dividends Reinvested 2.49% 4.83% 48.71% N/A N/A 13.79%

Performance less than one year is cumulative; all other performance is annualized. Class A shares are sold at the net asset value per share without a sales charge.

QTR YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge 1.18% 1.18% 52.61% N/A N/A 13.98%
Without Sales Charge 1.18% 1.18% 52.61% N/A N/A 13.98%
MSCI Emerging Markets Total Return Index with Net Dividends Reinvested 2.29% 2.29% 58.39% N/A N/A 13.17%

Performance less than one year is cumulative; all other performance is annualized. Class A shares are sold at the net asset value per share without a sales charge.

Expense Ratios

A-Class C-Class I-Class Y-Class
Expense Ratio (Gross) 9.06% 9.82% 2.96% 2.96%
Expense Ratio (Net) 1.15% 1.90% 0.90% 0.90%

The net expense ratio reflects a contractual commitment by the Fund's investment adviser to waive fees and reimburse expenses through November 1, 2020. Absent the waiver and reimbursement, expenses would be higher and total returns would be less. The gross expense ratio reflects the total annual fund operating expense as of the most recent prospectus.

Performance shown is historical and does not guarantee future results. Current performance may be lower or higher. Because share price, principal value, and return will vary, you may have a gain or loss when you sell Fund shares. For current month-end performance information, call 1.855.439.5459. Performance includes the reinvestment of dividends and capital gains. Performance less than one year is cumulative; all other performance is annualized.

Distributions

Pricing

52 Week High/Low

Date Price
High 12/03/2018 $10.18
Low 01/03/2019 $9.44

YTD High/Low

Date Price
High 01/02/2019 $9.52
Low 01/03/2019 $9.44

Portfolio as of 03/31/2021

Top 10 Holdings

Holding % of Assets
TAIWAN SEMICONDUCTOR 9.16%
SAMSUNG ELECTRONICS 8.51%
TENCENT HOLDINGS 8.50%
ALIBABA GROUP HOLDING LTD. 6.62%
HDFC BANK 3.59%
RELIANCE INDUSTRIES 3.00%
ANGLO AMERICAN 2.57%
CHINA CONSTRUCTION 2.54%
PING AN INSURANCE 2.43%
LG CHEM LTD. 2.31%
Total 49.23%

Holdings are subject to change. 

Top 5 Sectors

Holding % of Assets
INFORMATION TECHNOLOGY 27.69%
FINANCIALS 19.97%
CONSUMER DISCRETIONARY 18.89%
COMMUNICATION SERVICES 12.86%
MATERIALS 5.91%
Total 85.32%

Top 5 Countries

Country % of Assets
CHINA 40.69%
TAIWAN 14.55%
KOREA 13.86%
INDIA 9.98%
RUSSIA 3.51%
Total 82.59%

RISKS

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. Fixed income investing is subject to interest rate risks. Bond prices and other fixed income product prices generally fall when interest rates rise. Duration measures the price sensitivity of a bond or a portfolio to changes in interest rates. The Fund invests in high yield loans and bonds, commonly referred to as “junk bonds,” including distressed securities, which are subject to greater credit risk (the risk that an issuer won’t make timely payments of principal and interest) and market risk (the risk that the value of the Fund’s investments may fall, sometimes rapidly or unpredictably, as a result of increasing interest rates or otherwise); loans and derivative securities, which may carry market, credit and liquidity risk (the risk that the Fund’s investments may be difficult to sell at an advantageous time or price); foreign securities, which are subject to additional risks including political and economic risks. The Fund may also invest in mortgage and asset-backed securities which may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market's perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Although these securities tend to provide higher yields than higher rated securities, there is a greater risk that the Fund’s share price will decline.

We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. Past performance is no guarantee of future results. Diversification does not ensure profit, nor does it eliminate the risk of experiencing investment losses.

Documents

Before investing you should consider carefully the Fund’s investment objectives, risks, charges and expenses. A prospectus, which contains this and other information, can be obtained by calling 1.855.439.5459. Read the prospectus carefully before investing: BFT Prospectus

ALPS Distributors, Inc. is the distributor for the Barings mutual funds. ALPS and Barings are separate and unaffiliated. 

© 2020 Barings LLC. All rights reserved.

Click here to report Complaints or Concerns Regarding Accounting or Auditing Matters via the service provider’s website. Additional reporting options can be found under Fund Documents.

Portfolio Managers

William Palmer

William Palmer

Michael Levy

Michael Levy

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