Barings Global Credit Income Opportunities Fund

Data updated: 2021-11-24

C000129742 — Barings Global Credit Income Opportunities Fund. Europe Value Equity · $180.47M AUM. Holdings, fees, performance and SEC filings.

C000129742 Fund Overview

Barings Global Credit Income Opportunities Fund is a US mutual fund managed by Barings Funds Trust, categorised as Europe Value 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 Value Equity
Assets under management: $180.47M
1-year return: 14.1%
SEC CIK: 0001577579
SEC series ID: S000041806
Share class ID: C000129742

C000129742 Investment Objective and Strategy

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

Investment objective

Barings Global Credit Income Opportunities Fund (Global Credit Income Opportunities Fund or the Fund) seeks an absolute return, primarily through current income and

Principal investment strategy

The Fund is managed using an absolute return investment objective, which means that it is not managed relative to the performance of a specific bond index, but rather seeks to generate positive returns over the course of a full market cycle while managing volatility through security selection and possibly hedging to reduce overall exposure to credit and interest rate risk. The Fund seeks absolute total return through a combination of current income and capital appreciation. Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in debt instruments (consisting of loans, bonds and notes). The Fund may invest in a wide range of debt instruments of issuers based in U.S. and non-U.S. markets, as well as over-the-counter and exchange-traded derivatives.

Investments may be issued or guaranteed by governments and their agencies, corporations, financial institutions and supranational organizations that the Fund believes have the potential to provide a high total return over time. A significant portion of the Fund's investments in debt instruments are denominated in a currency other than the U.S. dollar. Although the Fund's investment 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. 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 Bank of America/Merrill Lynch Global Non-Financial Developed Markets High Yield Constrained Index, represented by non-U.S.

issuers, as determined by the provider of the index). Although the Bank of America/Merrill Lynch Global Non-Financial Developed Markets High Yield Constrained Index is representative of the Fund's investable universe, the Fund does not seek to be correlated with that index. The Fund seeks to take advantage of inefficiencies between geographies, primarily the North American and Western European high yield bond and loan markets and within capital structures between bonds and loans. For example, the Fund seeks to take advantage of differences in pricing between bonds or loans of an issuer denominated in U.S. dollars and substantially similar bonds or 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 high yield debt instruments (consisting of bonds, loans, and notes) of North American and Western European corporate issuers that are of below investment grade quality. The Fund invests in instruments that are, 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 or below BBB- by either S&P or Fitch) or unrated but determined by Barings to be of comparable quality. The Fund invests primarily in high yield bonds, loans and notes, but also makes use of a wide range of debt instruments. The Fund may invest in both fixed and floating rate instruments; listed and unlisted corporate debt obligations; convertible securities; structured products (consisting of collateralized bond and loan obligations); bank obligations; U.S.

and non-U.S. government securities; preferred securities and trust preferred securities; asset-backed 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 Fund's investments may include investments in the lowest rating category of the applicable rating agency. The Fund may invest in distressed bonds and loans that are in default at the time of purchase in an effort to protect the Fund's existing investment 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 will invest in such equity investments only for the preservation of capital.

The Fund may also use derivatives to a significant extent for risk management and hedging purposes, or for speculative purposes - as substitutes for investments in securities in which the Fund can invest - in order to achieve the Fund's absolute return objective and manage volatility. The Fund may use over-the-counter and exchange-traded derivatives for a variety of purposes, consisting of: as a hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; and to increase the Fund's yield or return as a non-hedging strategy that may be considered speculative. The Fund may establish, through derivatives, net short positions for individual sectors, markets, currencies or securities, or as a means of adjusting the Fund's portfolio duration, credit quality and maturity.

The Fund may invest in over-the-counter and exchange-traded derivative instruments 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.

C000129742 Performance

Total returns for C000129742 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	14.1%
3 years (annualised)	6.2%

C000129742 Risk Information

Risk metrics for C000129742, derived from monthly returns in SEC filings.

1-year volatility (annualised): 4.9%

C000129742 Costs and Fees

C000129742 costs about $95 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.95%
Gross expense ratio: 1.08%
Portfolio turnover: 71%
Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)

C000129742 Cashflows

Over the 12 months to 2021-09, Barings Global Credit Income Opportunities Fund had net inflows of $4.95M, from monthly SEC N-PORT filings.

Month	Net flow
2021-09	−$30.31M
2021-08	$1.01M
2021-07	$676.41K
2021-06	$587.46K
2021-05	$9.98M
2021-04	$22.32M

C000129742 Debt Constituents

No individual debt constituents are reported in Barings Global Credit Income Opportunities Fund's latest SEC N-PORT filing.

C000129742 Prospectus and SEC Filings

Official Barings Global Credit Income Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Europe Value 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.