BARINGS U.S. HIGH YIELD FUND
Fund
BXHIX
Price as of:
$9.79
- $0.01
- 0.10%
Primary Theme
N/A
fund company
N/A
Name
As of 12/10/2021Price
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
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 12/10/2021Price
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
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
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBARINGS U.S. HIGH YIELD FUND
-
Fund Family NameN/A
-
Inception DateOct 30, 2015
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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.
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
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.25%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
- Finastra (Fka Misys) Usd Tlb (Apr'17) 2.23%
- 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
Date | Amount | Type |
---|---|---|
Dec 01, 2021 | $0.041 | DailyAccrualFund |
Nov 01, 2021 | $0.043 | DailyAccrualFund |
Oct 01, 2021 | $0.041 | DailyAccrualFund |
Sep 01, 2021 | $0.042 | DailyAccrualFund |
Aug 02, 2021 | $0.043 | DailyAccrualFund |
Jul 01, 2021 | $0.043 | DailyAccrualFund |
Jun 01, 2021 | $0.044 | DailyAccrualFund |
May 03, 2021 | $0.044 | DailyAccrualFund |
Apr 01, 2021 | $0.041 | DailyAccrualFund |
Mar 01, 2021 | $0.040 | DailyAccrualFund |
Feb 01, 2021 | $0.043 | DailyAccrualFund |
Jan 04, 2021 | $0.040 | DailyAccrualFund |
Dec 01, 2020 | $0.044 | DailyAccrualFund |
Nov 02, 2020 | $0.044 | DailyAccrualFund |
Oct 01, 2020 | $0.041 | DailyAccrualFund |
Sep 01, 2020 | $0.044 | DailyAccrualFund |
Aug 03, 2020 | $0.044 | DailyAccrualFund |
Jul 01, 2020 | $0.044 | DailyAccrualFund |
Jun 01, 2020 | $0.046 | DailyAccrualFund |
May 01, 2020 | $0.045 | DailyAccrualFund |
Apr 01, 2020 | $0.045 | DailyAccrualFund |
Mar 02, 2020 | $0.045 | DailyAccrualFund |
Feb 03, 2020 | $0.045 | DailyAccrualFund |
Jan 02, 2020 | $0.046 | DailyAccrualFund |
Dec 02, 2019 | $0.045 | DailyAccrualFund |
Nov 01, 2019 | $0.047 | DailyAccrualFund |
Oct 01, 2019 | $0.048 | DailyAccrualFund |
Sep 03, 2019 | $0.049 | DailyAccrualFund |
Aug 01, 2019 | $0.050 | DailyAccrualFund |
Jul 01, 2019 | $0.050 | OrdinaryDividend |
Jun 03, 2019 | $0.052 | DailyAccrualFund |
May 01, 2019 | $0.051 | DailyAccrualFund |
Apr 01, 2019 | $0.052 | DailyAccrualFund |
Mar 01, 2019 | $0.052 | DailyAccrualFund |
Feb 01, 2019 | $0.051 | DailyAccrualFund |
Jan 02, 2019 | $0.050 | DailyAccrualFund |
Dec 03, 2018 | $0.049 | DailyAccrualFund |
Nov 01, 2018 | $0.052 | DailyAccrualFund |
Sep 04, 2018 | $0.042 | DailyAccrualFund |
Aug 01, 2018 | $0.056 | DailyAccrualFund |
Jul 02, 2018 | $0.051 | DailyAccrualFund |
Jun 01, 2018 | $0.048 | DailyAccrualFund |
May 01, 2018 | $0.053 | DailyAccrualFund |
Apr 02, 2018 | $0.053 | DailyAccrualFund |
Mar 01, 2018 | $0.052 | DailyAccrualFund |
Feb 01, 2018 | $0.050 | DailyAccrualFund |
Dec 29, 2017 | $0.054 | DailyAccrualFund |
Dec 01, 2017 | $0.056 | DailyAccrualFund |
Nov 01, 2017 | $0.051 | DailyAccrualFund |
Oct 02, 2017 | $0.055 | DailyAccrualFund |
Sep 01, 2017 | $0.056 | DailyAccrualFund |
Aug 01, 2017 | $0.055 | DailyAccrualFund |
Jul 03, 2017 | $0.055 | DailyAccrualFund |
Jun 01, 2017 | $0.056 | DailyAccrualFund |
May 01, 2017 | $0.055 | DailyAccrualFund |
Apr 03, 2017 | $0.057 | DailyAccrualFund |
Mar 01, 2017 | $0.057 | DailyAccrualFund |
Feb 01, 2017 | $0.057 | DailyAccrualFund |
Jan 03, 2017 | $0.057 | DailyAccrualFund |