OpenList — Long Only

Barings Global High Yield Bond Fund

Fixed Income · Global · High Yield Bonds

Figures refer to the share class ISIN IE00B7PD0D50, currency USD, clean share class.

Fund documents

For the share class shown above.

Factsheet: not publicly available (not found in the public sources checked).

KID (PDF, 08.07.2026)All documents on fundinfo

Key facts

Management company
Baring Intl Fund Mngrs (Ireland) Ltd
Asset class
Fixed Income
Geography
Global
Strategy
High Yield Bonds
Share class currency
USD
Share class inception
30.04.2012
Fund size
5585 million (as at 14.09.2026)
Management fee
0.60%
Performance fee
No
Liquidity
Daily
UCITS
Yes
Risk grade (SRRI)
3 (WSP fund database, as at 22.08.2026)
Registered in Switzerland
Yes

Price history

Fund and benchmark rebased to 100 at 30.09.2021.

70809010011012020222023202420252026110.9122.5Fund (share class shown)Benchmark70809010011012020222023202420252026110.9122.5Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark (100 at start)
1Y03.10.2025102.5100.2
3Y29.09.2023128.1131.3
5Y30.09.2021122.5110.9
Since 201530.09.2016166.6150.6

Total return: distributions reinvested.
In USD, the currency of the share class shown.
Fund history to 29.09.2026.
Benchmark history to 28.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.

Performance against the benchmark

017YTD: Fund 3.40%YTD: Global high yield (tracker proxy) USD 1.85%YTD1Y: Fund 5.60%1Y: Global high yield (tracker proxy) USD 3.41%1Y3Y p.a.: Fund 9.06%3Y p.a.: Global high yield (tracker proxy) USD 9.58%3Y p.a.5Y p.a.: Fund 4.64%5Y p.a.: Global high yield (tracker proxy) USD 2.88%5Y p.a.2025: Fund 8.54%2025: Global high yield (tracker proxy) USD 15.23%20252024: Fund 9.55%2024: Global high yield (tracker proxy) USD 5.40%20242023: Fund 13.63%2023: Global high yield (tracker proxy) USD 17.87%2023Fund (share class shown)BenchmarkYTDYTD: Fund 3.40%3.40YTD: Global high yield (tracker proxy) USD 1.85%1.851Y1Y: Fund 5.60%5.601Y: Global high yield (tracker proxy) USD 3.41%3.413Y p.a.3Y p.a.: Fund 9.06%9.063Y p.a.: Global high yield (tracker proxy) USD 9.58%9.585Y p.a.5Y p.a.: Fund 4.64%4.645Y p.a.: Global high yield (tracker proxy) USD 2.88%2.8820252025: Fund 8.54%8.542025: Global high yield (tracker proxy) USD 15.23%15.2320242024: Fund 9.55%9.552024: Global high yield (tracker proxy) USD 5.40%5.4020232023: Fund 13.63%13.632023: Global high yield (tracker proxy) USD 17.87%17.87Fund (share class shown)Benchmark
1M3M6MYTD2025202420231Y3Y5YVolatilitySharpe R.Max DD
FundISIN IE00B7PD0D50, currency USD, clean share class0.931.072.143.408.549.5513.635.609.064.643.871.10-1.27
BenchmarkGlobal high yield (tracker proxy) USD1.441.561.941.8515.235.4017.873.419.582.889.420.54-6.21
Differencefund minus benchmark, in percentage points-0.50-0.490.211.55-6.684.14-4.242.19-0.521.76–––

Within the list: OpenList — Long Only

Compared with the fixed income funds on OpenList — Long Only (15 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.

This fundGroup medianPosition
Return 1Y5.605.186 of 15
Return 3Y p.a.9.068.496 of 15
3Y p.a. over its own benchmark-0.522.0914 of 15
Volatility 3Y3.874.835 of 15
Sharpe ratio 3Y1.100.866 of 15
Max drawdown 3Y-1.27-2.601 of 15
Management fee0.60%0.60%8 of 15

Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.

Return against risk, 3 years

015Return 3Y p.a. (%)Volatility 3Y (%)017BNY Mellon Global Credit Fund: volatility 4.99%, return 5.71% p.a.BNY Mellon Global Short-Dated High Yield Bond Fund: volatility 2.47%, return 8.49% p.a.Barings Emerging Markets Local Debt Fund: volatility 9.69%, return 8.96% p.a.DNCA Alpha Bonds: volatility 1.92%, return 4.53% p.a.H2O Multibonds FCP: volatility 16.10%, return 10.96% p.a.PIMCO Capital Securities Fund: volatility 4.44%, return 10.21% p.a.Robeco Corporate Hybrid bonds: volatility 3.06%, return 6.65% p.a.Robeco Global SDG Credits: volatility 5.02%, return 2.95% p.a.Solitaire Global Bond Fund: volatility 5.56%, return 13.61% p.a.TCW Global Income Fund: volatility 4.83%, return 6.20% p.a.TCW Multi-Sector Fixed Income Fund: volatility 3.61%, return 6.31% p.a.Vanguard Emerging Markets Bond Fund: volatility 6.54%, return 10.45% p.a.Vontobel Emerging Markets Debt: volatility 6.85%, return 13.94% p.a.Vontobel TwentyFour Strategic Income Fund: volatility 4.32%, return 6.30% p.a.Barings Global High Yield Bond Fund: volatility 3.87%, return 9.06% p.a.This fund015Return 3Y p.a. (%)Volatility 3Y (%)017BNY Mellon Global Credit Fund: volatility 4.99%, return 5.71% p.a.BNY Mellon Global Short-Dated High Yield Bond Fund: volatility 2.47%, return 8.49% p.a.Barings Emerging Markets Local Debt Fund: volatility 9.69%, return 8.96% p.a.DNCA Alpha Bonds: volatility 1.92%, return 4.53% p.a.H2O Multibonds FCP: volatility 16.10%, return 10.96% p.a.PIMCO Capital Securities Fund: volatility 4.44%, return 10.21% p.a.Robeco Corporate Hybrid bonds: volatility 3.06%, return 6.65% p.a.Robeco Global SDG Credits: volatility 5.02%, return 2.95% p.a.Solitaire Global Bond Fund: volatility 5.56%, return 13.61% p.a.TCW Global Income Fund: volatility 4.83%, return 6.20% p.a.TCW Multi-Sector Fixed Income Fund: volatility 3.61%, return 6.31% p.a.Vanguard Emerging Markets Bond Fund: volatility 6.54%, return 10.45% p.a.Vontobel Emerging Markets Debt: volatility 6.85%, return 13.94% p.a.Vontobel TwentyFour Strategic Income Fund: volatility 4.32%, return 6.30% p.a.Barings Global High Yield Bond Fund: volatility 3.87%, return 9.06% p.a.This fund

Share classes on the OpenList

ISINCurrencyTypeMgmt fee1Y3Y
IE00B7PD0D50 (shown above)USDClean share class0.60%5.609.06
IE00BC1J1W89USDRetail share class1.00%5.188.63

WSP commentary

Draft commentary, machine-generated from the fund's key information document (PRIIPs) dated 08.07.2026, not yet reviewed by WSP.

Investment rationale

The fund is designed to provide high current income generation and, where appropriate, capital appreciation through global high yield corporate debt. It has a recommended holding period of 5 years and is intended for investors seeking income from their capital over a long-term investment horizon. The PRIIP summary risk indicator classifies it as 2 out of 7, and investors must be able to bear losses up to the amount invested because the fund does not offer capital protection. Its focus on worldwide high yield corporate debt, particularly in North America and Europe, makes it a distinct fixed income allocation rather than a broad multi-asset holding.

Investment strategy

The stated objective is to provide high current income generation and, where appropriate, capital appreciation. The fund invests principally in a worldwide portfolio of high yield corporate debt instruments, including bonds and notes, with a focus on North American and European high yield instruments; it may also invest to a lesser extent in other high yield corporate debt instruments, investment grade bonds, other funds, cash, cash-equivalent securities and money market instruments. At least 50% of net asset value will be invested in assets exhibiting positive or improving environmental and/or social characteristics. The benchmark is the ICE BofA Non-Financial Developed Markets High Yield Constrained Index, used only for risk management and performance comparison, while the investment manager has complete discretion and is not constrained by it. The share class is unhedged, derivatives may be used for investment and hedging purposes, income is accumulated, and the recommended holding period is 5 years.

Investment philosophy

• The portfolio is built principally from high yield corporate debt instruments worldwide, including bonds and notes, with a stated focus on North American and European high yield markets.

• The fund can also allocate, to a lesser extent, to other high yield corporate debt instruments, investment grade bonds, other funds, cash, cash-equivalent securities and money market instruments.

• At least 50% of net asset value is invested in assets that exhibit positive or improving environmental and/or social characteristics.

• The fund is actively managed against the ICE BofA Non-Financial Developed Markets High Yield Constrained Index, but the investment manager has complete discretion and may invest significantly in instruments outside the benchmark.

• Portfolio risk and positioning may be considered relative to the benchmark through factors such as issuer exposures, duration, sector weights, country weights, credit ratings and tracking error, while derivatives may be used for both investment and hedging purposes.

The asset manager

The manufacturer is Baring International Fund Managers (Ireland) Limited. It is authorised in Ireland and regulated by the Central Bank of Ireland. The fund is a sub-fund of Barings Umbrella Fund plc, an investment company with variable capital under Irish law.

Strengths

The fund offers a clearly defined specialism in global high yield corporate debt, with emphasis on North American and European issuers. It combines this income-oriented remit with a stated requirement to invest at least 50% of net asset value in assets showing positive or improving environmental and/or social characteristics. The fund is actively managed with broad discretion and is not limited to benchmark constituents, which allows flexibility across issuers and instruments. It is also available with daily dealing, no entry fee charged by the product, no exit fee charged by the product, and an accumulating share class structure.

Risks

The summary risk indicator is 2 out of 7, and the fund does not include any protection from future market performance, so investors could lose some or all of their investment. The document names market risk and additionally identifies counterparty risk, currency risk, interest rate risk, operational risk and liquidity risk. These risks are linked to the fund’s investment in sub-investment-grade corporate debt instruments worldwide, which carry a higher rate of interest because investors accept a higher degree of risk, and to its use of derivatives for investment and hedging purposes. The share class is not hedged, which leaves investors exposed to currency movements, and early sale may involve significant extra costs or difficulty selling at a price that affects proceeds.

WSP report

The WSP report on this share class, as a PDF.

Download the WSP report (PDF)

Back to the list: OpenList — Long Only

Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.

This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative