BXECX: Barings Emerg Mkts Dbt Blnded Ttl Ret C

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BXECX Barings Emerg Mkts Dbt Blnded Ttl Ret C


Profile

BXECX - Profile

Vitals

  • YTD Return -16.2%
  • 3 Yr Annualized Return -6.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $55.7 M
  • Holdings in Top 10 30.5%

52 WEEK LOW AND HIGH

$8.59
$7.95
$10.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 5.02%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 89.98%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -16.2%
  • 3 Yr Annualized Total Return -5.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Barings Emerging Markets Debt Blended Total Return Fund
  • Fund Family Name
    Barings Funds
  • Inception Date
    Oct 21, 2015
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ricardo Adrogué

Fund Description

The fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in (i) securities denominated in currencies of the 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.


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Categories

Performance

BXECX - Performance

Return Ranking - Trailing

Period BXECX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.2% -18.8% 8.3% 82.11%
1 Yr -11.7% -21.6% 9.7% 73.33%
3 Yr -6.2%* -9.9% 4.6% 80.28%
5 Yr N/A* -8.6% 1.0% N/A
10 Yr N/A* -6.2% -0.2% N/A

* Annualized

Return Ranking - Calendar

Period BXECX Return Category Return Low Category Return High Rank in Category (%)
2019 9.4% -6.5% 9.4% 5.62%
2018 -10.3% -18.5% 3.1% 74.03%
2017 7.4% 0.1% 10.8% 36.76%
2016 1.8% -12.3% 8.7% 44.64%
2015 N/A -21.1% 6.0% N/A

Total Return Ranking - Trailing

Period BXECX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.2% -18.8% 8.3% 82.11%
1 Yr -11.7% -21.6% 9.7% 73.33%
3 Yr -5.3%* -8.2% 4.6% 76.06%
5 Yr N/A* -8.3% 1.8% N/A
10 Yr N/A* -6.0% 3.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BXECX Return Category Return Low Category Return High Rank in Category (%)
2019 9.4% -6.5% 9.4% 5.62%
2018 -10.3% -18.5% 3.1% 74.03%
2017 10.5% 0.1% 12.6% 17.65%
2016 1.8% -12.3% 8.9% 51.79%
2015 N/A -21.1% 10.2% N/A

NAV & Total Return History


Holdings

BXECX - Holdings

Concentration Analysis

BXECX Category Low Category High BXECX % Rank
Net Assets 55.7 M 7.29 M 150 B 75.79%
Number of Holdings 240 5 5741 48.42%
Net Assets in Top 10 12.1 M 2.4 M 10.1 B 75.79%
Weighting of Top 10 30.53% 6.8% 99.8% 46.25%

Top 10 Holdings

  1. Mexico (United Mexican States) 7.75% 5.11%
  2. Republic of South Africa 10.5% 4.49%
  3. Mexico (United Mexican States) 8% 4.04%
  4. Citibank, National Association Currency Swap W/ Citibank, National Associat 2.75%
  5. Secretaria Tesouro Nacional 6% 2.70%
  6. Citibank, National Association Currency Swap W/ Citibank, National Associat 2.68%
  7. Citibank, National Association Currency Swap W/ Citibank, National Associat 2.31%
  8. Citibank, National Association Currency Swap W/ Citibank, National Associat 2.30%
  9. Malaysia (Government Of) 4.921% 2.10%
  10. Muthoot Finance Ltd 6.12% 2.04%

Asset Allocation

Weighting Return Low Return High BXECX % Rank
Bonds
91.04% 82.25% 2295.09% 73.68%
Cash
8.18% -2222.56% 17.68% 31.58%
Convertible Bonds
0.78% 0.00% 36.72% 27.37%
Stocks
0.00% 0.00% 102.31% 95.79%
Preferred Stocks
0.00% 0.00% 0.08% 92.63%
Other
0.00% -6.55% 20.17% 84.21%

Bond Sector Breakdown

Weighting Return Low Return High BXECX % Rank
Government
58.32% 7.90% 79.20% 57.89%
Corporate
33.31% 0.00% 89.75% 18.95%
Cash & Equivalents
8.31% 0.53% 30.93% 32.63%
Derivative
0.05% 0.00% 69.18% 56.84%
Securitized
0.00% 0.00% 6.60% 92.63%
Municipal
0.00% 0.00% 0.22% 92.63%

Bond Geographic Breakdown

Weighting Return Low Return High BXECX % Rank
Non US
90.68% 0.00% 2189.45% 28.42%
US
0.36% 0.00% 717.21% 95.79%

Expenses

BXECX - Expenses

Operational Fees

BXECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.02% 0.01% 43.49% 3.30%
Management Fee 0.75% 0.00% 1.64% 68.42%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee 0.03% 0.03% 0.45% 21.05%

Sales Fees

BXECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 100.00%

Trading Fees

BXECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 2.00% N/A

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.

BXECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.98% 0.00% 129.00% 78.75%

Distributions

BXECX - Distributions

Dividend Yield Analysis

BXECX Category Low Category High BXECX % Rank
Dividend Yield 0.00% 0.00% 1.38% 92.63%

Dividend Distribution Analysis

BXECX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BXECX Category Low Category High BXECX % Rank
Net Income Ratio 5.14% -0.78% 6.35% 24.18%

Capital Gain Distribution Analysis

BXECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BXECX - Fund Manager Analysis

Managers

Ricardo Adrogué


Start Date

Tenure

Tenure Rank

Oct 21, 2015

4.36

4.4%

Dr. Adrogué is a Managing Director and Head of Barings’ Global Sovereign Debt and Currencies Group. He is the lead portfolio manager for the Emerging Markets Local Debt strategy and Blended Total Return Debt strategy, and backup portfolio manager for the Emerging Markets Sovereign Hard Currency Debt strategy. Dr. Adrogué has worked in the industry since 1992 and his experience has encompassed portfolio management, economic strategy and academia. Prior to joining the firm in 2013, he was at Cabezon Investment Group, LLC as well as at Wellington Management Company where he built a successful track record for the Emerging Markets Local Debt program and managed over $11 billion. Before Wellington, he worked at the International Monetary Fund conducting inflation modeling work for central banks and was country desk for Brazil, Costa Rica, and Trinidad and Tobago. He also worked with Salomon Smith Barney/Citigroup as a vice president of markets and economic analysis, a senior economist and strategist for Panama and Peru, and New York University as an adjunct professor of Latin American Economics. Dr. Adrogué holds a B.A. in Economics from the Universidad Católica Argentina, an M.A. in Economics and a Ph.D. from the University of California, Los Angeles.

Cem Karacadag


Start Date

Tenure

Tenure Rank

Oct 21, 2015

4.36

4.4%

Mr. Karacadag is a Managing Director and Head of Barings’ Emerging Markets Sovereign Debt Group. He is the lead portfolio manager for the Emerging Markets Sovereign Debt strategy and backup portfolio manager for the firm’s Emerging Markets Sovereign Local Debt strategy and Blended Total Return strategy. Mr. Karacadag has worked in the industry since 1994 and his experience has encompassed sovereign credit analysis, macroeconomic policy research and advice, and emerging markets fixed income strategy. Prior to joining the firm in 2014, he was at OppenheimerFunds, where he worked on sovereign hard currency and local currency investments in Eastern Europe and Asia. Before Oppenheimer, he worked at Credit Suisse covering emerging market sovereigns in Asia and Latin America, and at the International Monetary Fund, where he focused on monetary policy instruments, exchange rate policy and bank restructuring in China, Indonesia and Eastern Europe. He also held positions at Standard & Poor’s and the Federal Reserve Bank of New York. Mr. Karacadag holds a B.A. in Economics from Tufts University and an M.A. in International Economics and European Studies from Johns Hopkins University.

Natalia Krol


Start Date

Tenure

Tenure Rank

Aug 02, 2018

1.58

1.6%

Ms. Krol is a Director and portfolio manager of Barings’ Emerging Markets Blended Total Return strategy. Prior to joining Barings, she was a Credit Analyst at Schroders Investment Management, where she covered natural resources and capital goods sectors across emerging markets, European high yield and investment grade markets, and a European High Yield Research Analyst at Barclays Capital.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.27 26.22 6.09 26.22