Morningstar CategoryHigh Yield Bond
- Sean M. Feeley | Barings LLC | Managed the fund since December 2010
- Scott D. Roth | Barings LLC | Managed the fund since December 2010
This Fund seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related securities.
The investment seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related securities. The fund invests primarily in lower rated U.S. debt securities, including securities in default. Debt securities may include, for example, corporate bonds, mortgage-backed and asset-backed securities, and obligations of the U.S. government or its agencies or instrumentalities. It invests at least 80% of its net assets in lower rated fixed income securities. The fund expects to have a dollar-weighted average portfolio maturity ranging from 4 to 10 years.
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The Fund’s Principal Risks include - Bank Loans Risk, Below Investment Grade Fixed Income Securities Risk, Cash Position Risk, Convertible Securities Risk, Credit Risk, Defaulted and Distressed Securities Risk, Derivatives Risk, Fixed Income Securities Risk, Foreign Investment; Emerging Markets; Currency Risk, Frequent Trading/Portfolio Turnover Risk, Inflation Risk, Leveraging Risk, Liquidity Risk, Management Risk, Market Risk, Mortgage-and Asset-Backed Securities Risk, Preferred Stock Risk, Repurchase Agreement Risk, Reverse Repurchase Agreement Transaction Risk, Sector Risk, U.S. Government Securities Risk, Valuation Risk. Please refer to the summary prospectus (via the link below or by sending an email to email@example.com) for more information on the specific risks.