<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks to provide high current income generation and, where appropriate, capital appreciation by investing primarily in a portfolio of senior secured high yield (i.e. sub-investment grade) corporate debt instruments which are listed or traded on recognized markets in Europe or North America.</span></p>


Baring International Fund Mgrs (Ireland) Limited

Barings LLC

Global High Yield Bond

Morningstar Gbl HY Bd GR USD

Fixed Income

ICE BofA BB-B Gbl HY Secured Bd TR USD

Barings Global Senior Scrd Bd G USD Dis

Barings Global Senior Scrd Bd I USD Acc

2024

2023

2022

2021

2020

FixedIncome

United States

United Kingdom

Italy

Germany

France

Canada

Netherlands

Norway

Other countries

Unclassified

Bond - Corporate Bond

Bond - Asset Backed

Mutual Fund - Open End

Bond - Bank Loans

Travelex Issuerco 2 PLC 0.125% (2025-08-05 Maturity)

Raven Acquisition Holding LLC 0.06875% (2031-11-15 Maturity)

Tibco Software Inc 0.065% (2029-03-31 Maturity)

PLT VII Finance S.a.r.l. 0.06% (2031-06-15 Maturity)

Mauser Packaging Solutions Holding Co. 0.07875% (2027-04-15 Maturity)

KCA DEUTAG UK Finance plc 0.09875% (2025-12-01 Maturity)

Viridien 0.0775% (2027-04-01 Maturity)

HLF Financing SaRL LLC and Herbalife International Inc. 0.1225% (2029-04-15 Maturity)

Level 3 Financing, Inc. 0.11% (2029-11-15 Maturity)

Matterhorn Telecom S.A. 0.0525% (2028-07-31 Maturity)