Barings Global Floating Rate Fund

Data updated: 2021-11-24

C000129736 — Barings Global Floating Rate Fund. Europe Equity · $425.52M AUM · 1.75% expense ratio. Holdings, fees, performance and SEC filings.

C000129736 Fund Overview

Barings Global Floating Rate Fund is a US mutual fund managed by Barings Funds Trust, categorised as Europe Equity. 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: Europe Equity
Assets under management: $425.52M
1-year return: 9.0%
SEC CIK: 0001577579
SEC series ID: S000041805
Share class ID: C000129736

C000129736 Investment Objective and Strategy

Barings Global Floating Rate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Barings Funds Trust.

Investment objective

Barings Global Floating Rate Fund (Global Floating Rate Fund or the Fund) seeks a high level of current income.

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 income-producing floating rate debt securities, consisting of floating rate loans, bonds and notes, issued primarily by North American and Western European companies. For this purpose, debt instruments issued by issuers based in the Channel Islands, Cayman Islands and Bermuda are considered North American and Western European companies. Such instruments are primarily, at the time of purchase, rated below investment grade (commonly referred to as junk bonds) by at least one credit rating agency (below Baa3 by Moody's Investors Services, Inc. (Moody's) or below BBB- by either Standard & Poor's Rating Services, a division of the McGraw-Hill Company, Inc.

(S&P), or Fitch, Inc. (Fitch)) or unrated but determined by the Manager or Baring International Investment Limited, the sub-adviser (together with the Manager, Barings), to be of comparable quality. The Fund may invest in a wide range of income-producing floating rate loans, bonds and notes of issuers based in U.S. and non-U.S. markets, but primarily invests in senior secured loans of North American and Western European corporate issuers that are of below investment grade quality. Under normal market conditions, the Fund allocates its assets among various regions and countries (but in no less than three different countries) and invests at least 40% of its net assets in securities of non-U.S. issuers (or, if less, at least the percentage of net assets that is 10 percentage points less than the percentage of the Fund's benchmark, which is the market weighted average of the Credit Suisse Leveraged Loan Index and the Credit Suisse Western European Leveraged Loan Index (collectively, the Benchmark), represented by non-U.S.

issuers, as determined by the provider of the Benchmark). A significant portion of the Fund's investments in floating rate debt securities is denominated in a currency other than the U.S. dollar. Although the Fund's investments in non-U.S. dollar denominated assets may be on a currency hedged or unhedged basis, under normal market conditions, the Fund seeks to hedge substantially all of its exposure to non-U.S. currencies. The Fund seeks to take advantage of inefficiencies between geographies, primarily the North American and Western European loan and other debt markets. For example, the Fund seeks to take advantage of differences in pricing between senior secured loans of an issuer denominated in U.S. dollars and substantially similar senior secured loans of the same issuer denominated in Euros, potentially allowing the Fund to achieve a higher relative return for the same credit risk exposure.

The Fund invests primarily in senior secured loans (consisting of assignments and participations). The Fund may invest in both floating rate debt instruments and debt instruments that pay a fixed rate of interest; listed and unlisted corporate debt obligations; convertible securities; structured products (consisting of collateralized bond and loan obligations); bank obligations; U.S. government securities; preferred securities and trust preferred securities; unsecured loans; delayed funding loans and revolving credit facilities; when-issued securities, delayed delivery purchases and forward commitments; zero-coupon bonds, step-up bonds and payment-in-kind securities; commercial paper; repurchase agreements; and other investment companies. The instruments in which the Fund invests are primarily below investment grade quality, and may include investments in the lowest rating category of the applicable rating agency.

The Fund may invest in distressed loans and bonds that are in default at the time of purchase in an effort to protect the Fund's existing investments in securities of the same issuers. The Fund also may invest in equity securities (consisting of common and preferred stocks, warrants and rights, and limited partnership interests), but invests in such equity investments only for the preservation of capital. The Fund may also use over-the-counter and exchange-traded derivatives for hedging purposes or speculative purposes - as substitutes for investments in securities in which the Fund can invest - provided that, at the time the Fund enters into a derivative transaction, the Fund segregates assets determined to be liquid by the Manager or the sub-adviser in accordance with procedures established by the Fund's Board of Trustees, in an amount at least equal to any payment or delivery obligation of the Fund in connection with such derivative transaction.

The Fund's use of derivatives may consist primarily of total return swaps, options, index swaps or swaps on components of an index, interest rate swaps, credit default swaps and foreign currency forward contracts and futures. The Fund may invest in investments of any duration or maturity. The Fund may borrow up to one-third of its assets (including the amount borrowed) to fund redemptions, post collateral for hedges, or to purchase loans, bonds or structured products prior to settlement of pending sale transactions. Securities may be sold when Barings believes they no longer represent relatively attractive investment opportunities.

C000129736 Performance

Total returns for C000129736 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	9.0%
3 years (annualised)	4.2%

C000129736 Risk Information

Risk metrics for C000129736, derived from monthly returns in SEC filings.

1-year volatility (annualised): 2.8%

C000129736 Costs and Fees

C000129736 costs about $175 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.75%
Gross expense ratio: 2.05%
Portfolio turnover: 43%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000129736 Cashflows

Over the 12 months to 2021-09, Barings Global Floating Rate Fund had net inflows of $195.45M, from monthly SEC N-PORT filings.

Month	Net flow
2021-09	$20.26M
2021-08	$19.74M
2021-07	$13.30M
2021-06	$12.54M
2021-05	$21.64M
2021-04	$27.39M

C000129736 Debt Constituents

No individual debt constituents are reported in Barings Global Floating Rate Fund's latest SEC N-PORT filing.

C000129736 Prospectus and SEC Filings

Official Barings Global Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Europe Equity 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.