BXTCX: Barings Total Return Bond C

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BXTCX Barings Total Return Bond C


Profile

BXTCX - Profile

Vitals

  • YTD Return -11.3%
  • 3 Yr Annualized Return -4.6%
  • 5 Yr Annualized Return -2.4%
  • Net Assets $41.1 M
  • Holdings in Top 10 15.8%

52 WEEK LOW AND HIGH

$8.76
$7.54
$9.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 192.64%

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 Nontraditional Bond

Distributions

  • YTD Total Return -11.3%
  • 3 Yr Annualized Total Return -4.6%
  • 5 Yr Annualized Total Return -2.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Barings Diversified Income Fund
  • Fund Family Name
    Barings Funds
  • Inception Date
    Jul 08, 2015
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Nagle

Fund Description

The fund will seek to achieve its investment objective by investing in a wide range of U.S. dollar or non-U.S. dollar denominated fixed income securities issued by issuers located in any country globally, including emerging markets. Under normal market conditions, it invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in fixed income securities. The fund may, but will not necessarily, engage in foreign currency forward contracts for hedging purposes or to gain market exposure.


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Categories

Performance

BXTCX - Performance

Return Ranking - Trailing

Period BXTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.3% -22.8% 10.8% 92.17%
1 Yr -10.9% -23.1% 9.7% 86.46%
3 Yr -4.6%* -12.8% 4.8% 84.27%
5 Yr -2.4%* -6.7% 3.0% 78.67%
10 Yr N/A* -4.3% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period BXTCX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -7.4% 12.4% 53.09%
2018 -4.4% -9.5% 3.1% 54.71%
2017 1.7% -12.3% 9.4% 34.75%
2016 1.5% -2.8% 10.7% 58.09%
2015 N/A -11.1% 4.8% N/A

Total Return Ranking - Trailing

Period BXTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.3% -22.8% 10.8% 92.17%
1 Yr -10.9% -23.1% 9.7% 86.46%
3 Yr -4.6%* -9.6% 4.5% 86.89%
5 Yr -2.4%* -4.6% 5.2% 84.89%
10 Yr N/A* -4.3% 4.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BXTCX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -7.0% 12.6% 58.31%
2018 -4.4% -9.2% 8.0% 72.10%
2017 1.7% -3.1% 15.2% 57.53%
2016 1.5% -2.8% 17.7% 69.71%
2015 N/A -10.1% 5.4% N/A

NAV & Total Return History


Holdings

BXTCX - Holdings

Concentration Analysis

BXTCX Category Low Category High BXTCX % Rank
Net Assets 41.1 M 10.3 K 31.4 B 86.39%
Number of Holdings 133 1 4656 70.46%
Net Assets in Top 10 6.49 M -3.21 B 7.79 B 73.23%
Weighting of Top 10 15.75% 5.4% 866.9% 87.85%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High BXTCX % Rank
Bonds
86.34% -2367.93% 206.87% 37.54%
Cash
12.19% -417.73% 2217.71% 50.46%
Convertible Bonds
1.47% -1.28% 136.57% 35.38%
Stocks
0.00% -35.76% 392.18% 80.62%
Preferred Stocks
0.00% 0.00% 21.63% 84.92%
Other
0.00% -14.56% 100.00% 79.08%

Bond Sector Breakdown

Weighting Return Low Return High BXTCX % Rank
Securitized
49.99% 0.00% 98.57% 17.85%
Corporate
37.81% 0.00% 100.00% 19.69%
Cash & Equivalents
12.20% -103.66% 100.00% 53.54%
Derivative
0.00% -238.73% 73.72% 89.85%
Municipal
0.00% 0.00% 80.02% 86.46%
Government
0.00% -7.42% 398.07% 96.31%

Bond Geographic Breakdown

Weighting Return Low Return High BXTCX % Rank
US
44.64% -136.19% 252.28% 56.00%
Non US
41.70% -2231.74% 183.34% 18.77%

Expenses

BXTCX - Expenses

Operational Fees

BXTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.75% 0.31% 14.11% 3.47%
Management Fee 0.40% 0.00% 2.15% 5.93%
12b-1 Fee 1.00% 0.00% 1.00% 96.52%
Administrative Fee 0.03% 0.03% 0.45% 3.70%

Sales Fees

BXTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load 1.00% 1.00% 5.00% 85.11%

Trading Fees

BXTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

BXTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 192.64% 2.00% 532.00% 81.75%

Distributions

BXTCX - Distributions

Dividend Yield Analysis

BXTCX Category Low Category High BXTCX % Rank
Dividend Yield 0.00% 0.00% 4.68% 79.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BXTCX Category Low Category High BXTCX % Rank
Net Income Ratio 2.45% -0.23% 6.94% 76.25%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BXTCX - Fund Manager Analysis

Managers

David Nagle


Start Date

Tenure

Tenure Rank

Jul 08, 2015

4.98

5.0%

David Nagle is a portfolio manager for Barings Investment Grade Fixed Income Group. Dave is a portfolio manager for several investment grade strategies including the Global Investment Grade Strategies Fund and Active Short Duration. Dave has worked in the industry since 1986 and his experience has encompassed multi-sector portfolio and risk management, and asset allocation. Dave holds a B.A. in Economics and Finance from Lafayette College and is a member of the CFA Institute.

Kathleen Kraez


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.33

1.3%

Stephen Ehrenberg


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.92

0.9%

Stephen Ehrenberg is a portfolio manager for Barings’ Investment Grade Fixed Income Group. Steve has worked in the industry since 2002 and his experience has encompassed portfolio management and credit analysis for both investment grade and high yield corporate credit. Prior to joining the firm in 2004, he worked in capital markets at MassMutual as part of the firm’s executive development program. Steve holds a B.S. in Mechanical Engineering from the United States Military Academy at West Point (Phi Beta Kappa), an M.B.A. from the University of Michigan Business School (High Distinction) and is a member of the CFA Institute. Prior to attending business school, Steve served as a Captain in the U.S. Army, where he held numerous leadership positions and graduated from both Airborne and Ranger School.

Yulia Alekseeva


Start Date

Tenure

Tenure Rank

Aug 01, 2019

0.92

0.9%

Ms. Alekseeva is a Portfolio Manager in the Barings Investment Grade Fixed Income Group and Head of Securitized Credit Research. Yulia has worked in the industry since 2005. Prior to re-joining the firm in 2019, Yulia was employed at Canada Pension Plan Investment Board as a Principal in the Structured Credit department following positions at Bank of America Merrill Lynch and PricewaterhouseCoopers. Yulia holds a B.A. in Economics & Finance from the Plekhanov Russian University of Economics and an M.B.A. degree from the Wharton School at the University of Pennsylvania. She is a member of the CFA Institute and an Associate Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW).

Natalia Krol


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.75

0.8%

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
0.08 25.52 5.7 1.93