Barings Multi Asset I

  • 175.50p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 207.50p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.55%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.79%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

Fund summary

Sector Targeted Absolute Return
Structure OEIC
Launched December, 2010
Size £109m
Yield 1.40%
Charging basis Income
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.55%
Ongoing charges figure 0.79%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund will hold a diversified portfolio of investments in a range of asset classes including equities, fixed interest securities, property, gold, commodities and cash. The maximum exposure to equity will be restricted to 60% of the fund and at least 50% of assets will be in Sterling/Euro.

Manager research

Average monthly relative returns

  • 16/17 -0.46%
  • 17/18 0.17%
  • 18/19 -0.13%
  • 19/20 -0.10%
  • 20/21 0.37%

Bestinvest MRI

  • 3 years 0.04%
  • 5 years -0.03%
  • Career -0.07%
  • 3 years 62.60%
  • 5 years 56.00%
  • Career 52.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Chris Mahon

Christopher Mahon is director of asset allocation research in the multi asset group and lead manager for the Baring Multi Asset Fund and co-manager of the Baring Dynamic Asset Allocation Fund. Mahon is a member of the Strategic Policy Group (SPG), the company’s global macro research and asset allocation team. He joined Barings in September 2012 from Momentum Global Investment Management. At Momentum he was the head of investment strategy responsible for the asset allocation and portfolio construction teams and was the lead portfolio manager for their flagship multi asset funds. Mahon began his career at Oliver Wyman where he helped advise a number of private equity and financial service clients. He has an MA (Cantab) in Natural Sciences from Selwyn College, Cambridge University and was awarded the CFA designation in 2007.

Track record

Chris Mahon has 9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from February 2012 - March 2020) there was a decline of 22% relative to the index. The worst absolute loss has been 19%.

Periods of worst performance

Absolute -19.00% (December 2019 - March 2020)
Relative -22.00% (February 2012 - March 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

10.5582% Barings Umbrella Fund Us High Yield Bd Component Tr X Usd Dis
5.9654% Barings European Opportunities I Inc Nav Gbp
5.3591% Xtrackers Ii Usd Emerging Markets Bonds Etf 2d
5.0683% Ishares Vii Plc Core S&P 500 Ucits Etf Gbp Acc
4.2168% Baring European High Yield Bond Tranche F Inc Gbp
4.0577% Ishares Plc Ishares Core £ Corp Bond Ucits Etf Gbp Dist
3.9896% Amundi Physical Metals Plc
3.4404% Ishares Ii Plc J.p.morgan $ Emerging Market Bond Etf Usd Dist Usd
2.5276% Brazil(Federative Republic Of) 6% Bds 07/04/26 Usd200000
2.3768% Ishares Jp Morgan Em Local Govt Bond Ucits Etf Usd
Source: Trustnet

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download