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Trending ETFs

Name

As of 12/10/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.79

$53.6 M

0.00%

0.01%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$53.6 M

Holdings in Top 10

11.9%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 12/10/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.79

$53.6 M

0.00%

0.01%

BXHIX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BARINGS U.S. HIGH YIELD FUND
  • Fund Family Name
    N/A
  • Inception Date
    Oct 30, 2015
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund invests primarily in lower rated U.S. debt securities (“junk” or “high yield” bonds), including securities in default. Debt securities may include, for example, corporate bonds, mortgage-backed and asset-backed securities, and obligations of the U.S. government or its agencies or instrumentalities. Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in below investment grade fixed income securities (rated below Baa3 by Moody’s or BBB- by either S&P or Fitch (using the lower rating) or, if unrated, determined by the Manager to be of comparable quality), and at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities of U.S. issuers. The Fund may also invest in convertible securities, preferred stocks, warrants, bank loans, and other fixed income securities, including Rule 144A securities, of both U.S. and non-U.S. issuers. Currently, the Manager does not expect that the Fund will invest more than 20% of its total assets in bank loans. The Fund may invest up to 15% of its total assets in securities that are not denominated in U.S. dollars including, but not limited to, corporate bonds, government and agency issues, Rule 144A securities, convertible securities, bank loans, mortgage-backed, and asset-backed securities.
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); 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 investment grade fixed-income securities or have economic characteristics similar to such investments may be used to satisfy the Fund’s 80% policy.
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 reverse repurchase agreement transactions. Under normal market conditions, the Fund expects to have a dollar-weighted average portfolio maturity ranging from 4 to 10 years. The Fund’s portfolio may include securities with maturities outside this range, and the range may change from time to time.
In selecting the Fund’s investments, the Manager employs a bottom-up, fundamental approach to its credit analysis, which focuses first on a specific issuer’s financial strength, among other things, before considering trends or macro-economic factors. The Manager prefers companies that it believes possess one or more of the following characteristics: strong business position, ability to generate free cash flow to repay debt, favorable capital structure, high level of fixed assets, conservative accounting, and respected management or equity sponsor(s) (such management and sponsors would have a good reputation and/or have had prior positive relations with the Manager).
The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.
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BXHIX - Performance

Return Ranking - Trailing

Period BXHIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -39.9% 6.2% 30.90%
1 Yr N/A -22.1% 21.3% 2.47%
3 Yr N/A* -14.2% 66.8% 3.15%
5 Yr N/A* -13.6% 37.2% 3.12%
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Return Ranking - Calendar

Period BXHIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -44.3% 3.7% 0.41%
2022 N/A -56.9% 9.2% 94.74%
2021 -1.5% -53.7% 70.9% 2.41%
2020 6.4% -33.7% 5.1% 99.53%
2019 -8.4% -9.4% 12.0% 97.17%

Total Return Ranking - Trailing

Period BXHIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -39.9% 6.2% 30.38%
1 Yr N/A -22.1% 22.2% 2.59%
3 Yr N/A* -14.2% 66.8% 3.53%
5 Yr N/A* -13.6% 37.2% 4.78%
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BXHIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -44.3% 3.7% 0.41%
2022 N/A -56.9% 9.2% 94.74%
2021 4.8% -53.7% 70.9% 2.41%
2020 13.6% -33.7% 5.1% 99.53%
2019 -3.1% -9.4% 12.0% 1.17%

NAV & Total Return History


BXHIX - Holdings

Concentration Analysis

BXHIX Category Low Category High BXHIX % Rank
Net Assets 53.6 M 1.47 M 26.2 B 85.93%
Number of Holdings 306 2 2736 54.34%
Net Assets in Top 10 6.44 M -492 M 2.55 B 87.24%
Weighting of Top 10 11.88% 3.0% 100.0% 53.24%

Top 10 Holdings

  1. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  2. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  3. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  4. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  5. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  6. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
  7. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
  8. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
  9. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
  10. Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%

Asset Allocation

Weighting Return Low Return High BXHIX % Rank
Bonds
94.87% 0.00% 154.38% 40.37%
Cash
4.46% -52.00% 100.00% 50.00%
Stocks
0.66% -0.60% 52.82% 39.45%
Preferred Stocks
0.00% 0.00% 14.10% 71.71%
Other
0.00% -63.70% 32.06% 19.61%
Convertible Bonds
0.00% 0.00% 17.89% 46.97%

Bond Sector Breakdown

Weighting Return Low Return High BXHIX % Rank
Derivative
0.00% 0.00% 45.95% 60.47%
Cash & Equivalents
0.00% 0.00% 99.98% 55.99%
Securitized
0.00% 0.00% 97.24% 72.07%
Corporate
0.00% 0.00% 100.00% 30.04%
Municipal
0.00% 0.00% 1.17% 52.44%
Government
0.00% 0.00% 99.07% 65.35%

Bond Geographic Breakdown

Weighting Return Low Return High BXHIX % Rank
US
94.87% 0.00% 150.64% 32.24%
Non US
0.00% 0.00% 96.17% 60.66%

BXHIX - Expenses

Operational Fees

BXHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.02% 3.87% 57.41%
Management Fee 0.01% 0.00% 1.84% 54.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 10.24%

Sales Fees

BXHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BXHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

BXHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 327.00% 71.25%

BXHIX - Distributions

Dividend Yield Analysis

BXHIX Category Low Category High BXHIX % Rank
Dividend Yield 0.00% 0.00% 39.36% 95.29%

Dividend Distribution Analysis

BXHIX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

BXHIX Category Low Category High BXHIX % Rank
Net Income Ratio N/A -2.39% 14.30% 12.22%

Capital Gain Distribution Analysis

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

Distributions History

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BXHIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.07 2.92