Barings Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund A EUR Inc
Baring Global Umbrella Fund (Unit Trust domiciled in Ireland)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Unit Trust

Objective: To provide high current income generation. Investment Policy: The fund invests at least 70% of total assets (excluding cash and cash-equivalent assets) in a portfolio of high yield debt and loan securities of corporations and governments of any member state of the Organisation for Economic Co-operation and Development (OECD) and of any emerging market countries. In investment terms, emerging markets are regions of the world that are still developing their economies. There is no general limit to the proportion of the assets which may be invested in any one country or region. - Up to 10% of the fund's value can be held in securities rated lower than B- by Standard & Poors (S&P) or another internationally recognised rating agency. Debt securities are rated to indicate the probability that the issuer will repay the loan. The fund will not invest more than 5% of the assets of the fund in securities of any one corporate issuer rated lower than BBB- by S&P or another internationally recognised rating agency. - The fund may use derivative instruments for both investment and hedging purposes. The return on a derivative is linked to movements in an underlying instrument referenced by the derivative such as currency or interest rates. The base currency of the fund is USD. Share Class Currency Hedging:This share class is not hedged. Therefore the performance of this share class will be impacted by foreign exchange rate fluctuations between the share class currency and the base currency of the fund. Distribution Policy: Income will be declared and distributed as a dividend quarterly. Dealing Frequency: Daily. Investors can buy and sell their shares on demand on each Business Day (as defined in the prospectus and supplement). Benchmark: ICE BoAML Global High Yield Index. The fund is actively managed and is not designed to track the Benchmark so its performance may deviate materially from the Benchmark. The investment manager has complete discretion in making investments and is not constrained by the Benchmark. The fund may invest significantly in instruments which are not included in the Benchmark. The Benchmark is used only for risk management and performance comparison purposes. The investment manager may consider, for example, issuer exposures, duration, sector weights, country weights, credit ratings and tracking error in each case relative to the Benchmark but does not use the Benchmark as an investment limitation. For further details please refer to the prospectus and supplement.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 06/07/20207.54
Morningstar categoryGlobal High Yield Bond
CurrencyEUR
Distribution statusDistributing
ISINIE0004851808
Inception Date05/01/1999
Minimum initial amount500.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.45% of which 0.50% is paid to MeDirect
Fund management company
AddressBaring International Fund Mgrs (Ireland) 2nd Floor IFSC House Int'l Financial Services Centre Custom House Docks Dublin Ireland
Manager NameEce Ugurtas
Manager Start Date13/09/2007
Websitewww.barings.com
Total Net Assets (mil)379.34 EUR (30/06/2020)
UCITSYes
AdministratorNorthern Trust International Fund Administration Services (Ireland) Limited

Documents

Prospectus
en 28/12/2018
Annual Report
en 30/04/2019
Semi Annual Report
en 31/10/2019
Morningstar Report
07/07/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-4.08%06/07/2020
3 years1.37%06/07/2020
5 years1.69%06/07/2020
10 years5.49%06/07/2020
Since launch5.74%06/07/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-7.34
1 month1.21
3 months9.41
6 months-7.78
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-15.67%10.17%--
20198.52%1.17%4.96%0.17%
2018-3.88%5.30%3.22%-4.19%
20171.12%-4.29%-1.17%-1.09%
2016-2.59%4.94%4.24%7.72%
Dividend
Date ex dividendGross dividendPayment Date
03/02/20200.1317/02/2020
01/02/20190.1415/02/2019
01/02/20180.1315/02/2018
01/02/20170.1415/02/2017
01/02/20160.1415/02/2016
02/02/20150.1516/02/2015
03/02/20140.1214/02/2014
01/02/20130.1315/02/2013
01/02/20120.1515/02/2012
01/02/20110.1615/02/2011
01/02/20100.1415/02/2010
02/02/20090.0816/02/2009

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond94.86%0.00%94.86%
Cash78.28%74.88%3.40%
Other1.93%0.18%1.74%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
19.3511.589.90
Sharpe Ratio
-0.160.010.16
Sortino Ratio
-0.180.010.19
Positive Months8.0021.0033.00
Negative Months4.0015.0027.00
Worst Month-16.79-16.79-16.79
World Regions
Region%
United States0.00
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Bausch Health Companies Inc 6.12% 15/04/2025United States1.59
Energy Transfer Operating L P 4.78% 01/11/2066United States1.31
TMS International Corp 7.25% 15/08/2025United States1.07
MPT Operating Partnership LP / MPT Finance Corporation 3.69% 05/06/2028United States1.06
Cabot Financial (Luxembourg) SA 7.5% 01/10/2023United Kingdom1.03
Clearwater Paper Corporation 5.38% 01/02/2025United States1.03
Global Aircraft Leasing Co Ltd 6.5% 15/09/2024China1.02
SunCoke Energy Partners, LP/SunCoke Energy Partners Finance Corp. 7.5% 15/06/2025United States1.01
Synlab Unsecured BondCo PLC 8.25% 01/07/2023United Kingdom1.01
AA Bond Co Limited 5.5% 31/07/2022United Kingdom0.99
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
7.54
Closing Price
All key information and documents must be reviewed before being able to Invest.