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BXLIX Barings Emerging Markets Local Ccy Dbt I

  • Fund
  • BXLIX
  • Price as of: Nov 29, 2018
  • $9.42
  • - $0.00
  • - 0.00%
  • Category
  • Uncategorized

BXLIX - Profile

Vitals

  • YTD Return -12.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $21.1 M
  • Holdings in Top 10 56.9%

52 WEEK LOW AND HIGH

$9.42
$9.08
$10.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.47%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 55.87%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

$250

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return -12.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.13%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Barings Emerging Markets Local Currency Debt Fund
  • Fund Family Name Barings Funds
  • Inception Date Dec 08, 2015
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Ricardo Adrogué

Fund Description

The fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in local currency-denominated debt instruments issued by emerging markets governments, and their quasi sovereign agencies (including supranational and sub-national government issuers). It may also invest in forwards and other derivative instruments that provide market exposure to such local currency fixed income instruments. The fund is non-diversified.

BXLIX - Performance

Return Ranking - Trailing

Period BXLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -12.7% -100.0% 255.6% 79.79% 5
1 Yr -7.2% -100.0% 130.8% 76.05% 5
3 Yr N/A * -100.0% 35.2% N/A N/A
5 Yr N/A * -100.0% 31.2% N/A N/A
10 Yr N/A * -100.0% 26.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period BXLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 12.5% -99.4% 17840.0% 2.18% 1
2017 -1.1% -78.9% 256.0% 62.27% 5
2016 N/A -75.8% 9900.0% N/A N/A
2015 N/A -100.0% 102.9% N/A N/A
2014 N/A -100.0% 52.5% N/A N/A

Total Return Ranking - Trailing

Period BXLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -12.7% -100.0% 255.6% 77.76% 5
1 Yr -7.2% -100.0% 85.0% 77.92% 5
3 Yr N/A * -100.0% 35.2% N/A N/A
5 Yr N/A * -100.0% 35.0% N/A N/A
10 Yr N/A * -100.0% 57.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BXLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 12.5% -99.4% 9900.0% 2.53% 1
2017 -1.1% -78.9% 256.0% 63.83% 5
2016 N/A -75.8% 1566.8% N/A N/A
2015 N/A -100.0% 368.4% N/A N/A
2014 N/A -100.0% 222.5% N/A N/A

NAV & Total Return History

BXLIX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

BXLIX Category Low Category High BXLIX % Rank Quintile
Net Assets 21.1 M 0 773 B 45.45% 4
Number of Holdings 181 1 12343 8.53% 2
Net Assets in Top 10 10.5 M -1.14 B 135 B 42.20% 4
Weighting of Top 10 56.9% 0.0% 20474.3% 11.29% 2

Top 10 Holdings

  1. Sth Africa(Rep Of) 6.5% 8.22%
  2. Indonesia Government 8.375% Senior Unsecured Bond Due Mar 2034 8.09%
  3. Nota Do Tesouro Nacional 6.000% Senior Unsecured Bond Due Aug 2050 7.64%
  4. Russian Federation 8.5% 7.14%
  5. United Mexican States 7.75% 4.99%
  6. Russia Govt Bond - Ofz 7.700% Bond Due Mar 2033 4.48%
  7. Titulos De Tesoreria B 4.750% Bond Due Apr 2035 4.39%
  8. Bonos Tesoreria Pesos 4.500% Senior Unsecured Note Due Mar 2021 4.18%
  9. Malaysia Government 4.736% Senior Unsecured Bond Due Mar 2046 3.94%
  10. Thailand (Kingdom Of) 3.88% 3.87%

Asset Allocation

Weighting Category Low Category High BXLIX % Rank Quintile
Bonds
81.75% -234.98% 334.49% 10.92% 2
Cash
17.80% -664.42% 7388.76% 6.94% 1
Other
0.45% -7288.76% 764.42% 8.75% 2
Stocks
0.00% -139.64% 292.26% 26.35% 5
Preferred Stocks
0.00% -21.20% 79.25% 5.47% 3
Convertible Bonds
0.00% -0.37% 144.58% 5.11% 3

Bond Sector Breakdown

Weighting Category Low Category High BXLIX % Rank Quintile
Government
76.15% -242.10% 276.84% 1.13% 1
Cash & Equivalents
20.95% -667.27% 7388.76% 6.51% 1
Securitized
0.00% -0.42% 331.51% 13.98% 3
Corporate
0.00% -87.37% 261.62% 21.98% 4
Municipal
0.00% 0.00% 167.71% 7.95% 3
Derivative
-3.15% -154.56% 64.95% 3.77% 5

Bond Geographic Breakdown

Weighting Category Low Category High BXLIX % Rank Quintile
Non US
81.75% -716.47% 232.23% 0.92% 1
US
0.00% -262.85% 668.05% 27.02% 4

BXLIX - Expenses

Operational Fees

BXLIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.47% -2.86% 1279.35% 9.57% 4
Management Fee 0.75% 0.00% 2.87% 1.56% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.04% 0.00% 465000.00% 2.09% 1

Sales Fees

BXLIX Fees (% of AUM) Category Low Category High BXLIX Rank Quintile
Front Load N/A 0.00% 25.00% N/A N/A
Deferred Load N/A 0.50% 6.00% N/A N/A

Trading Fees

BXLIX Fees (% of AUM) Category Low Category High BXLIX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BXLIX Fees (% of AUM) Category Low Category High BXLIX Rank Quintile
Turnover 55.87% 0.00% 12930.00% 7.68% 3

BXLIX - Distributions

Dividend Yield Analysis

BXLIX Category Low Category High BXLIX % Rank Quintile
Dividend Yield 0.6% 0.00% 107.25% 8.37% 1

Dividend Distribution Analysis

BXLIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Daily Annually

Dividend Payout History


Net Income Ratio Analysis

BXLIX Category Low Category High BXLIX % Rank Quintile
Net Income Ratio 5.13% -6.90% 11.58% 3.28% 1

Capital Gain Distribution Analysis

BXLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

BXLIX - Managers

Ricardo Adrogué

Manager

Start Date

Dec 08, 2015

Tenure

2.9

Tenure Rank

5.1%

Dr. Adrogué is a Managing Director and Head of Barings’ Emerging Markets Debt Group. Prior to joining Barings, he worked at Cabezon Investment Group, LLC. Prior to Cabezon, Dr. Adrogué built a successful track record for Wellington Management Company’s Emerging Markets Local Debt program.


Cem Karacadag

Manager

Start Date

Dec 08, 2015

Tenure

2.9

Tenure Rank

5.1%

Mr. Karacadag is a Managing Director and co-manager of Barings’ Emerging Markets Sovereign Debt strategy and backup manager for Barings’ Local Debt strategy. He worked on sovereign hard currency and local currency investments in Eastern Europe and Asia. Mr. Karacadag holds a B.A. in economics from Tufts University and M.A. in European studies and international economics from Johns Hopkins University.


Tenure Analysis

Category Low

0.0

Category High

56.0

Category Average

4.63

Category Mode

4.3