<p><span style="color: rgb(0,0,0);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

Other Bond

Fixed Income

ICE BofA BB-B Gbl HY Secured Bd TR USD

Barings Global Senior Scrd Bd G AUD Acc

Barings Global Senior Scrd Bd I USD Acc

2024

2023

2022

2021

2020

FixedIncome

CashEquivalents

United States

United Kingdom

Germany

France

Italy

Ireland

Canada

Sweden

Netherlands

Spain

Other countries

Unclassified

Bond - Corporate Bond

Mutual Fund - Open End

Bond - Asset Backed

Barings USD Liquidity F USD Dis

BlackRock ICS USD Liquidity Core Inc

Travelex Issuerco 2 PLC 0.0301% (2029-03-31 Maturity)

Aretec Escrow Issuer 2 Inc. 0.1% (2030-08-15 Maturity)

VMED O2 UK Financing I PLC 0.05625% (2032-04-15 Maturity)

Midwest Gaming Borrower LLC 0.04875% (2029-05-01 Maturity)

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

Windstream Services LLC/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 I (2028-02-15 Maturity)

EchoStar Corp. 0.1075% (2029-11-30 Maturity)

Rivers Enterprise Borrower LLC / Rivs Enterprise Fin Corp. 0.06625% (2033-02-01 Maturity)