The Fund seeks to provide maximum total return consisting of both income and capital appreciation. (Hard Currency) The Fund invests principally in fixed income instruments that are issued by sovereign and/or quasi-sovereign issuers of EM countries or fixed income instruments that are economically tied to EM countries including fixed income instruments that are issued by corporate issuers that are economically tied to EM countries.

Baring International Fund Mgrs (Ireland) Limited

Barings LLC

Global Emerging Markets Bond

Morningstar EM Sov Bd GR USD

Fixed Income

JPM EMBI Global Diversified TR USD

Barings EM Sovereign Debt Tr G HKD Acc

Barings EM Sovereign Debt Tr A USD Acc

2024

2023

2022

2021

2020

FixedIncome

Turkey

Serbia

Mexico

Colombia

Paraguay

Costa Rica

Brazil

South Africa

Jamaica

Dominican Republic

Argentina

Hungary

Guatemala

Morocco

Albania

Sri Lanka

United States

Peru

Egypt

Supranational

Oman

Tajikistan

Cote d'Ivoire

Pakistan

Azerbaijan

Uzbekistan

Chile

Bahamas

Uruguay

Ukraine

Ecuador

Indonesia

Armenia

Other countries

Unclassified

Bond - Gov't/Treasury

Bond - Corporate Bond

Bond - Gov't Agency Debt

Credit Default Swap

Interest Rate Swap

South Africa (Republic of) 0.073% (2052-04-20 Maturity)

Argentina (Republic Of) 0.05% (2038-01-09 Maturity)

Gabon Blue Bond Master Trust 0.06097% (2038-08-01 Maturity)

Turkey (Republic of) 0.09375% (2029-03-14 Maturity)

Jamaica (Government of) 0.07875% (2045-07-28 Maturity)

Paraguay (Republic of) 0.061% (2044-08-11 Maturity)

Egypt (Arab Republic of) 0.07625% (2032-05-29 Maturity)

Amazon Conservation DAC 0.06034% (2042-01-16 Maturity)

Costa Rica (Republic Of) 0.07% (2044-04-04 Maturity)

Serbia (Republic Of) 0.0205% (2036-09-23 Maturity)