Barings Portfolio holdings

AUM $4.01B

This Quarter Return

-0.71%

1 Year Return

+6.67%

3 Year Return

+23.91%

5 Year Return

+123.27%

10 Year Return

+205.13%

AUM

$4.01B

AUM Growth

-$204M (-5%)

Cap. Flow

-$168M

Cap. Flow % of AUM

-4.2%

Top 10 Holdings %Top 10 Hldgs %

71.58%

Holding

176

New

Increased

Reduced

Closed

Top Buys

1	iShares Europe ETF IEV	$38.7M
2	iShares Short Treasury Bond ETF SHV	$33.3M
3	SPDR S&P 500 ETF Trust SPY	$29.5M
4	iShares MSCI Emerging Markets ETF EEM	$24.8M
5	Vanguard Financials ETF VFH	$21.2M

Top Sells

1	iShares Core S&P 500 ETF IVV	$171M
2	Vanguard High Dividend Yield ETF VYM	$72.1M
3	Pinduoduo PDD	$26.8M
4	VanEck Morningstar Wide Moat ETF MOAT	$18.2M
5	CRH CRH	$13.9M

Sector Composition

1	Financials	4.79%
2	Materials	4.69%
3	Consumer Discretionary	3.46%
4	Energy	2.62%
5	Healthcare	0.95%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 Li Auto LI $29.3B	$4.47M	0.11%	177,533	–	–
77	77 iShares Core MSCI Europe ETF IEUR $6.85B	$4.45M	0.11%	74,003 +28,962	+64%	+$1.74M
78	78 PotlatchDeltic PCH $3.13B	$4.44M	0.11%	98,366 +74,811	+318%	+$3.38M
79	79 Fabrinet FN $10.8B	$4.24M	0.11%	21,488	–	–
80	80 Weyerhaeuser WY $18.4B	$4.23M	0.11%	144,453 +18,293	+15%	+$536K
81	81 Apple AAPL $3.12T	$4.1M	0.1%	18,445 +993	+6%	+$221K
82	82 iShares MSCI Hong Kong ETF EWH $648M	$4M	0.1%	228,337 -201,694	-47%	-$3.53M
83	83 BlackRock TCP Capital TCPC $661M	$3.99M	0.1%	497,580 +17,258	+4%	+$138K
84	84 VanEck BDC Income ETF BIZD $1.64B	$3.96M	0.1%	236,283	–	–
85	85 Teck Resources TECK $18.7B	$3.87M	0.1%	106,356 -42,944	-29%	-$1.56M
86	86 SPDR Bloomberg Convertible Securities ETF CWB $3.97B	$3.62M	0.09%	+47,196	New	+$3.62M
87	87 Deere & Co DE $136B	$3.58M	0.09%	7,620 -1,782	-19%	-$836K
88	88 New Oriental EDU $8.35B	$3.46M	0.09%	72,337 -158,825	-69%	-$7.59M
89	89 Bunge Global BG $14.8B	$3.44M	0.09%	45,003 -11,434	-20%	-$874K
90	90 NVIDIA NVDA $4.16T	$3.32M	0.08%	30,649 -5,344	-15%	-$579K
91	91 iShares MSCI ACWI ETF ACWI $22.3B	$3.14M	0.08%	26,991	–	–
92	92 iShares S&P 500 Growth ETF IVW $61.2B	$3.05M	0.08%	32,851 -18,437	-36%	-$1.71M
93	93 First Trust Morningstar Dividend Leaders Index Fund FDL $5.49B	$2.9M	0.07%	66,766 -6,163	-8%	-$268K
94	94 iShares ESG Aware US Aggregate Bond ETF EAGG $3.95B	$2.89M	0.07%	60,909	–	–
95	95 AGCO AGCO $7.97B	$2.81M	0.07%	30,386	–	–
96	96 Tractor Supply TSCO $29.9B	$2.76M	0.07%	50,108 -9,612	-16%	-$530K
97	97 UnitedHealth UNH $265B	$2.75M	0.07%	5,255 -1,548	-23%	-$811K
98	98 Vanguard Long-Term Corporate Bond ETF VCLT $9.69B	$2.72M	0.07%	35,856 -36,743	-51%	-$2.79M
99	99 Alphabet (Google) Class A GOOGL $2.21T	$2.68M	0.07%	17,304 -7,074	-29%	-$1.09M
100	100 Newmont NEM $63.8B	$2.56M	0.06%	53,005 -19,719	-27%	-$952K