IE00BFM0NB44

Barings Global High Yield Bond Fund SGD-Hedged(IE00BFM0NB44)

Fixed income
High yield
Global
SGD Cash
Accumulating

Invest with

SGD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks to provide high current income generation and, where appropriate, capital appreciation by investing principally in a portfolio of high yield (i.e. sub-investment grade) fixed and floating rate corporate debt instruments, focusing prima...

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers broad exposure to the global high yield bond market across the entire credit quality spectrum. Targets high current income and capital appreciation by investing in sub-investment grade fixed income instruments.

People

Managed by an experienced five-person portfolio management team with an average of over 25 years of industry experience. Supported by a large, well-resourced credit research team that provides deep fundamental analysis. Benefits from the firm's broader special situations and restructuring capabilities, which provide the resource depth to confidently underwrite lower-rated credits.

Performance

Targets consistent outperformance relative to the benchmark over the long term. Historical performance patterns suggest potential underperformance during risk-off periods due to higher exposure to lower-rated credits. Aims to capitalize on volatility to recalibrate exposures and capture upside during market recoveries.

Process

Employs a rigorous bottom-up credit selection process as the primary driver of alpha generation. Maintains a structural willingness to hold lower-rated credits (CCC and below) where mispricing opportunities are often more prevalent.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Serves as an active satellite allocation for investors seeking specific exposure to the global high yield market. Complements other high yield funds by providing differentiated exposure to lower-rated credits (CCC and below), an area often underweighted by peers. Provides a potential diversifying source of income for investors willing to accept credit and duration risk.

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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

22.12%

YTD

-0.82%

1 month

-1.52%

6 month

-0.36%

1 year

3.89%

3 year

19.62%

5 year

13.87%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

7.51%As of Feb 2025

Risk metrics

Max drawdown

-15.17%As of Mar 2026

Volatility

8.41%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.7%	0.0%	-1.5%	-	-	-	-	-	-	-	-	-
2025	5.2%	1.0%	0.7%	-1.2%	-0.5%	1.6%	1.3%	0.5%	0.8%	0.5%	-0.1%	0.1%	0.5%
2024	6.9%	0.6%	0.4%	0.9%	-0.7%	1.1%	0.6%	1.5%	1.1%	1.2%	-0.4%	1.0%	-0.4%
2023	11.2%	3.7%	-0.6%	0.7%	0.6%	-1.0%	1.4%	1.3%	0.2%	-0.9%	-1.5%	4.0%	3.1%
2022	-11.9%	-2.1%	-1.3%	-0.5%	-3.2%	-1.3%	-7.1%	5.0%	-1.1%	-3.7%	2.1%	1.7%	-0.6%
Load more		5 of 8

Top Exposures

Holdings

Regions

Sectors

BlackRock ICS USD Liquidity Core Inc	2.59%
1261229 Bc Ltd. 0.1% (2032-04-15 Maturity)	1.44%
Barings USD Liquidity F USD Dis	1.03%
Time Warner Cable Enterprises LLC 0.08375% (2033-07-15 Maturity)	0.94%
Directv Financing LLC/Directv Financing Co-Obligor Inc. 0.05875% (2027-08-15 Maturity)	0.92%
EchoStar Corp. 0.1075% (2029-11-30 Maturity)	0.92%
Team Health Holdings Inc. 0.135% (2028-06-30 Maturity)	0.86%
Radiology Partners Inc. 0.09781% (2030-02-15 Maturity)	0.81%
Clydesdale Acquisition Holdings Inc. 0.0875% (2030-04-15 Maturity)	0.79%
Alpha Generation LLC 0.0675% (2032-10-15 Maturity)	0.73%
Carvana Co 0.09% (2031-06-01 Maturity)	0.70%
CCO Holdings, LLC/ CCO Holdings Capital Corp. 0.05% (2028-02-01 Maturity)	0.70%
LifePoint Health, Inc 0.1% (2032-06-01 Maturity)	0.68%
Northriver Midstream Finance LP 0.0675% (2032-07-15 Maturity)	0.68%
LifePoint Health, Inc 0.11% (2030-10-15 Maturity)	0.67%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.33%0.71% p.a.

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Fund facts

ISIN

IE00BFM0NB44

Fund house

Barings

Fund size

S$5.6B

As of 17 Apr 2026

Fund inception date

27 Sep 2019

Fund class currency

SGD

Fund share class

G SGD Acc

Oldest share class ISIN

IE00B7L7J458

Oldest share inception date

14 Oct 2015

Pricing frequency

Daily

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