Barings Emerging Markets Sovereign Debt Fund - Tranche A USD Distribution/  IE00BYXWVS54  /

To seek maximum total return, consistent with preservation of capital, through high income generation and, where appropriate, capital appreciation. The Fund invests at least 80% of its net assets in a diversified portfolio of fixed income instruments that are economically tied to or issued by companies in emerging markets around the world. Emerging markets are regions of the world that are still developing their economies. The fixed income instruments in which the Fund invests may include corporate bonds and notes, sovereign issues, covered bonds, commercial paper and other income securities. The Fund invests at least 60% of its net assets in sovereign issues. Up to 20% of the Fund's net assets can be invested in securities rated lower than B- by Standard & Poors (S&P) or another internationally recognised rating agency or, if unrated, determined by the investment manager to be of a comparable quality. Debt securities are rated to indicate the probability that the issuer will repay the loan. Up to 20% of the Fund's net assets may be invested in convertible securities.

To seek maximum total return, consistent with preservation of capital, through high income generation and, where appropriate, capital appreciation.