EN United States Individual

Barings Emerging Markets Debt Blended Total Return Fund

CUSIP:06759W737

Symbol:BXEAX

NAV
as of 09/17/2019
USD 9.820
Diversity
as of 08/31/2019
61 issuers
Weighted Average Duration
as of 08/31/2019
3.38 yrs

Objective

Our actively managed strategy seeks to achieve maximum total return, consistent with preservation of capital and prudent investment management, through high current income generation and, where appropriate, capital appreciation.

Strategy

  • Invests in a diversified portfolio of emerging markets corporate, sovereign hard currency and local currency-denominated debt securities alongside global currencies.
  • Barings leverages the depth of its broad resources of global credit analysts and dedicated investment professionals covering emerging markets sovereign and corporate issuers to identify a well-diversified set of investment opportunities
  • Targeted approach to high conviction ideas
  • Fund seeks to capitalize on relative value opportunities and in some cases inefficiencies across geographies, currencies, and capital structures

Who Should Invest

Investors seeking to benefit from a strategy that aims to produce a superior total rate of return through global fixed income instruments.

Performance

Average Annual Returns %

September YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge -1.19% 5.10% 7.86% 4.54% N/A 4.73%
Without Sales Charge 2.93% 9.48% 12.36% 5.97% N/A 5.83%

Performance less than one year is cumulative; all other performance is annualized. Class A performance with the sales charges includes the maximum 4.00% sales charge. 
Since inception date: 10/21/15

August YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge -8.49% 2.11% 4.35% 3.10% N/A 4.01%
Without Sales Charge -4.68% 6.37% 8.70% 4.51% N/A 5.12%

Performance less than one year is cumulative; all other performance is annualized. Class A performance with the sales charges includes the maximum 4.00% sales charge.
Since inception date: 10/21/15

QTR YTD 1 Year 3 Years 5 Years Since Inception
With Sales Charge 1.44% 6.49% 8.08% 5.77% N/A 5.39%
Without Sales Charge 5.67% 10.93% 12.59% 7.21% N/A 6.56%

Performance less than one year is cumulative; all other performance is annualized. Class A performance with the sales charges includes the maximum 4.00% sales charge.
Since inception date: 10/21/15

Fund Yield

as of 08/31/2019
Sub. SEC 30-day Yield 5.92%
Unsub. SEC 30-day Yield 4.73%
Distribution Yield (at NAV) 6.33%
Distribution Yield (at Offer) 6.08%

The Securities and Exchange Commission 30-day Yield is calculated under an SEC standardized formula and is based on the maximum offer price per share. Subsidized (Sub.) yields reflect fee waivers in effect. Without such waivers, yields would be reduced. Unsubsidized (Unsub.) yields do not reflect fee waivers in effect. Distribution Yield at Offer includes maximum sales charges applied. The distribution yield is based on the fund's most recent monthly distribution per share (annualized) divided by the fund's NAV at the end of the period. Please click on the following links for additional information as well as access to the Fund's Prospectus and SAI.

Expense Ratios

A-Class C-Class I-Class Y-Class
Expense Ratio (Gross) 3.63% 5.85% 1.94% 1.95%
Expense Ratio (Net) 1.20% 1.95% 0.95% 0.95%

The net expense ratio reflects a contractual commitment by the Fund's investment adviser to waive fees and reimburse expenses through November 1, 2019. 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

Distribution History

Ex Date Record Date Payable Date Amount
Daily Daily 09/03/2019 $0.0536
Daily Daily 08/01/2019 $0.0329
Daily Daily 07/01/2019 $0.0451
Daily Daily 06/03/2019 $0.0458
Daily Daily 05/01/2019 $0.0613
Daily Daily 04/01/2019 $0.0528
Daily Daily 03/01/2019 $0.0677
Daily Daily 02/01/2019 $0.0466
Daily Daily 01/02/2019 $0.0482
Daily Daily 12/03/2018 $0.0358
Daily Daily 11/01/2018 $0.0496
Daily Daily 10/01/2018 $0.0405

Download Distribution History

Pricing

52 Week High/Low

Date Price
High 07/22/2019 $10.12
Low 11/27/2018 $9.22

YTD High/Low

Date Price
High 07/22/2019 $10.12
Low 01/02/2019 $9.38

Portfolio as of 08/31/2019

Weighted Average Duration

3.38 yrs

Number of Issuers

61 issuers

Download Portfolio Holdings (xls)

Regional Composition - Bonds

Portfolio Assets Composition

Top 5 Countries

Country % of Assets
MEXICO 16.89%
UKRAINE 8.21%
GHANA 7.06%
BRAZIL 6.96%
EL SALVADOR 5.54%
Total 44.66%

Top 5 Sectors

Holding % of Assets
GOVERNMENT 53.84%
FINANCIAL 15.47%
CONSUMER 7.12%
OIL & GAS 6.65%
CASH 5.93%
Total 89.01%

Percentage of assets are expressed by market value including cash and accrued income, and will vary over time.

 

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. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets.The Fund is also subject to non-diversification risk, which may subject the Fund to greater losses in response to a single economic, political or regulatory development than funds that are more diversified.

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. 

© 2018 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

Dr. Ricardo Adrogué

Dr. Ricardo Adrogué

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