BXTIX — Barings Total Return Bond Fund

Data updated: 2021-05-25

BXTIX — Barings Total Return Bond Fund. Money Market · $47.29M AUM · 1.55% expense ratio · 18.4% 1-yr return. Holdings, fees, performance and SEC filings.

BXTIX Fund Overview

BXTIX — Barings Total Return Bond Fund is a US mutual fund managed by Barings Funds Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Barings Funds Trust
Category: Money Market
Assets under management: $47.29M
1-year return: 18.4%
Ticker: BXTIX
SEC CIK: 0001577579
SEC series ID: S000049913
Share class ID: C000157599

BXTIX Investment Objective and Strategy

Barings Total Return Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Barings Funds Trust.

Investment objective

Barings Total Return Bond Fund (Total Return Bond Fund or the Fund) seeks a superior total rate of return by investing in fixed income instruments.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in fixed income securities. These typically include: U.S. dollar-denominated corporate obligations and bank loans, securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, U.S. and foreign issuer dollar-denominated bonds including, but not limited to, corporate obligations, government and agency issues, private placement bonds, securities subject to resale pursuant to Rule 144A, convertible bonds, mortgage-backed, and other asset-backed securities. The Fund may invest up to 25% of its total assets in securities that are not denominated in U.S. dollars including, but not limited to, corporate obligations, government and agency issues, private placement bonds, securities subject to resale pursuant to Rule 144A, convertible bonds, mortgage-backed, and other asset-backed securities.

The Fund may also invest in non-dollar denominated high yield bonds, including bank loans, and may invest in securities subject to legal restrictions on resale. The Fund may, but will not necessarily, engage in foreign currency forward contracts for hedging purposes or to gain market exposure. In pursuing its investment objective, the Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter derivatives, including futures contracts (for hedging purposes, to adjust various portfolio characteristics, including the duration (interest rate volatility) of the Fund's portfolio, or as a substitute for direct investments); interest rate swaps (for hedging purposes or as a substitute for direct investments); total return swaps (for hedging purposes or to gain exposure to securities or markets in which it might not be able to invest directly); and credit default swaps (for hedging purposes, to adjust various portfolio characteristics, including the duration (interest rate volatility) of the Fund's portfolio, or as a substitute for direct investments).

Use of derivatives by the Fund may create investment leverage. Derivatives instruments that provide exposure to fixed-income securities or have economic characteristics similar to such investments may be used to satisfy the Fund's 80% policy. The Fund may invest in money market securities, including commercial paper. The Fund may invest in structured products (consisting of collateralized bond and loan obligations). The Fund may enter into repurchase agreement transactions. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund may enter into dollar roll or reverse repurchase agreement transactions. The Fund may invest in (i) securities denominated in currencies of emerging market countries, (ii) fixed income securities or debt instruments issued by emerging market entities or sovereign nations and/or (iii) debt instruments denominated in or based on the currencies, interest rates, or issues of emerging market countries.

Emerging market countries are defined to include any country that did not become a member of the O.E.C.D. prior to 1975 and Turkey. The Fund may invest in other investment companies, including affiliated investment companies. The dollar-weighted average credit quality of the Fund is generally not expected to be less than BBB-/Baa3. The Fund may, however, invest up to 25% of its net assets in below investment grade debt securities (rated below Baa3 by Moody's and BBB- by S&P and Fitch, or unrated but determined to be of comparable quality by the Manager, commonly referred to as junk or high yield bonds), including securities in default, and including bank loans, or their unrated equivalent, as determined by the Manager. Investments in such securities will vary based upon the Manager's assessment of market conditions and the amount of additional yield offered in relation to the risk of the instruments.

The Manager expects for the Fund's portfolio dollar-weighted average duration generally to match (plus or minus 2.5 years) the average duration of the Bloomberg Barclays U.S. Aggregate Index (as of December 31, 2017, the average duration of the Index was 5.98 years). Duration measures the price sensitivity of a bond to changes in interest rates. Duration is the dollar-weighted average time to maturity of a bond utilizing the present value of all future cash flows. The Manager selects the Fund's investments based on its analysis of opportunities and risks of various fixed income securities and market sectors. Currently, the Manager may consider the following factors (which may change over time and in particular cases): the perceived potential for high income offered by different types of corporate and government obligations (including mortgage-backed and other asset-backed securities); diversification among industries and issuers, credit ratings, and sectors; and the relative values offered by different securities.

The Manager may choose to sell securities with deteriorating credit or limited upside potential compared to other securities. The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.

BXTIX Performance

Total returns for BXTIX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	18.4%

BXTIX Risk Information

Risk metrics for BXTIX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 3.4%

BXTIX Costs and Fees

BXTIX costs about $155 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.55%
Gross expense ratio: 4.97%
Portfolio turnover: 104%
Brokerage commissions: 0.55 bps of average net assets (SEC N-CEN)

BXTIX Cashflows

Over the 12 months to 2021-03, Barings Total Return Bond Fund had net inflows of $14.80M, from monthly SEC N-PORT filings.

Month	Net flow
2021-03	−$410.99K
2021-02	$253.14K
2021-01	$470.48K
2020-12	$626.04K
2020-11	$346.93K
2020-10	$1.54M

BXTIX Debt Constituents

No individual debt constituents are reported in Barings Total Return Bond Fund's latest SEC N-PORT filing.

BXTIX Prospectus and SEC Filings

Official Barings Total Return Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.