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Reorganization of several Barings Funds

TheShadowTheShadow
in Fund Discussions
(there is a table so see the link)

https://www.sec.gov/Archives/edgar/data/1577579/000110465921059710/tm2114848-1_497.htm

Funds affected:

Effective May 3, 2021, the following changes will be made for Barings Active Short Duration Bond Fund, Barings U.S. High Yield Fund, Barings Global Floating Rate Fund, Barings Global Credit Income Opportunities Fund, Barings Emerging Markets Debt Blended Total Return Fund, and Barings Global Emerging Markets Equity Fund:

Comments

  • msf
    What a muddled supplement. The next paragraph reads in part:
    [T]he Trust’s Board of Trustees (the “Board”), on behalf of each Selling Fund, has approved and recommended that shareholders approve, the proposed reorganization .... Each proposed reorganization is subject to approval by the shareholders ... at a shareholders’ meeting expected to be held in September, 2021.
    The supplement then packs in multiple different types of changes, e.g.
    Effective May 3, 2021 the following [approved] changes will be made ... [T]he liquidation of certain share classes [of these funds] ... to take place on June 8, 2021
    This supplement is announcing liquidations, adding risk factors, changing a principal investment strategy, and changing managers, as well as announcing reorganizations.

    The best I can do in parsing this is to suggest that the first sentence (and all others saying "Effective May 3") means that the changes to the fund documents are effective today (May 3). But the changes to the funds themselves, some of which haven't even been approved, will or might be effective at various dates in the future.
  • TheShadowTheShadow
    Yes, it did appear to have been thrown together. Also, they will be liquidating certain share classes further down the filing.

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