Morningstar® Fund Report™
Baring German Growth Trust (USD-RMB)
Performance History 30/04/2025
Growth of 1,000(USD) Advanced Graph
Fund 27.41 -15.62 16.52 16.09 16.56
+/-Cat 13.37 1.92 1.26 6.37 -
+/-Idx - - - - -
Category: Other Equity
Index: -
Trailing Returns 08/05/2025
Fund +/-Idx
YTD 20.49 -
3 Years 66.42 -
5 Years 126.24 -
10 Years - -
12 Month Yield -
Dividend Paying Frequency Annually
Key Stats
Morningstar Category
Other Equity
Morningstar Rating™
Not Rated
ISIN
GB00BXVMKV60
NAV 08/05/2025
USD 20.5200
Day Change
0.59%
Total Net Assets (mil)
30/04/2025
USD 406.77
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Piers Aldred
Paul Morgan
Inception Date
29/05/2015
Benchmark
Fund Benchmark
HDAX TR EUR
Morningstar® Benchmark
-
Investment strategy
The investment objective of the Trust is to achieve capital growth by investing in Germany. The Trust will seek to achieve its investment objective by investing at least 75% of its total assets directly and indirectly in equities and equity related securities of companies incorporated in, or exercising the predominant part of their economic activity in Germany, or quoted or traded on the stock exchanges in Germany.
Portfolio Profile 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 95.22 0.00 95.22
Bonds 0.00 0.00 0.00
Cash 4.91 0.13 4.78
Other 0.00 0.00 0.00
Top 5 Regions %
Eurozone 96.18
United States 3.82
Canada 0.00
Latin America 0.00
United Kingdom 0.00
Top 5 Sectors %
 Industrials 27.68
 Financial Services 21.85
 Technology 15.89
 Basic Materials 10.30
 Communication Services 9.02
Top 5 Holdings Sector %
Siemens AG Industrials Industrials 8.87
Allianz SE Financial Services Financial Services 8.70
SAP SE Technology Technology 8.07
Deutsche Telekom AG Communication Services Communication Services 6.10
Rheinmetall AG Industrials Industrials 5.78

Price Chart

  • Baring German Growth Trust (USD-RMB)
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
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Fund: Baring German Growth Trust (USD-RMB)
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Annual Returns 30/04/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -22.01 27.68 -0.17 27.41 -15.62 16.52 16.09 16.56
+/- Category -2.05 4.10 -2.81 13.37 1.92 1.26 6.37 -
+/- Index - - - - - - - -
% Rank (Rel to Cat) - - - - - - - -
Trailing Returns 08/05/2025
Total Return +/- Category +/- Index
1 Day 0.59 0.94 -
1 Week 3.06 5.32 -
1 Month 14.89 20.51 -
3 Months 10.74 16.68 -
6 Months 23.76 36.44 -
YTD 20.49 25.82 -
1 Year 25.35 43.87 -
3 Years 66.42 88.10 -
5 Years 126.24 155.96 -
10 Years - - -
Quarterly Returns 30/04/2025
Quarter 1 Quarter 2 Quarter 3 Quarter 4
2025 13.68 - - -
2024 11.45 -1.10 3.03 2.22
2023 11.20 1.64 -4.29 7.71
2022 -11.66 -12.90 -5.40 15.93
Dividend 08/05/2025
12 Month Yield -
2025 -
2024 0.09
2023 0.07
2022 0.06
Morningstar Rating™                 Relative to Category -
3-Year Not Rated
5-Year Not Rated
10-Year Not Rated
Overall Not Rated
Volatility Measurements 30/04/2025
3-Yr Volatility 15.04%   3-Yr Sharpe Ratio 0.77
3-Yr Mean Return 1.34%
Investment Style Details 31/03/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Relative to Category
Average Mkt Cap (Mil) EUR 39098.94 0.00
Market Capitalisation % Of Equity
Giant 38.50
Large 35.86
Medium 9.37
Small 9.72
Micro 1.29
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 14.20 0.00
Price/Book 1.83 0.00
Price/Sales 0.85 0.00
Price/Cash Flow 6.11 0.00
Dividend-Yield Factor 3.11 0.00
Long-Term Projected Earnings Growth 10.66 0.00
Historical Earnings Growth 18.18 0.00
Sales Growth 1.36 0.00
Cash-Flow Growth 3.47 0.00
Book-Value Growth 5.95 0.00
AssetAllocation 31/03/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 95.22 0.00 95.22
Bonds 0.00 0.00 0.00
Cash 4.91 0.13 4.78
Other 0.00 0.00 0.00
World Regions 31/03/2025
% Of Equity Relative to Category
United States 3.82 0.00
Canada 0.00 0.00
Latin America 0.00 0.00
United Kingdom 0.00 0.00
Eurozone 96.18 0.00
Europe - ex Euro 0.00 0.00
Europe - Emerging 0.00 0.00
Africa 0.00 0.00
Middle East 0.00 0.00
Japan 0.00 0.00
Australasia 0.00 0.00
Asia - Developed 0.00 0.00
Asia - Emerging 0.00 0.00
Emerging Market 0.00 0.00
Developed Country 100.00 0.00
Not Classified 0.00 0.00
Stock Sector Weightings 31/03/2025
% Of Equity Relative to Category
CyclicalCyclical 35.62 -
Basic MaterialsBasic Materials 10.30 -
Consumer CyclicalConsumer Cyclical 3.47 -
Financial ServicesFinancial Services 21.85 -
Real EstateReal Estate - -
Sensitive 52.60 -
Communication ServicesCommunication Services 9.02 -
EnergyEnergy - -
IndustrialsIndustrials 27.68 -
TechnologyTechnology 15.89 -
DefensiveDefensive 7.01 -
Consumer DefensiveConsumer Defensive - -
HealthcareHealthcare 1.63 -
UtilitiesUtilities 5.38 -
Top 10 Holdings 31/03/2025
Portfolio
Total Number of Equity Holdings 41
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 55.27
Product Name Sector Country/Region % of Assets
Siemens AG Industrials Industrials Germany 8.87
Allianz SE Financial Services Financial Services Germany 8.70
SAP SE Technology Technology Germany 8.07
Deutsche Telekom AG Communication Services Communication Services Germany 6.10
Rheinmetall AG Industrials Industrials Germany 5.78
Munchener Ruckversicherungs-Gesellschaft AG Financial Services Financial Services Germany 4.63
Commerzbank AG Financial Services Financial Services Germany 4.06
E.ON SE Utilities Utilities Germany 3.05
Deutsche Post AG Industrials Industrials Germany 3.01
Basf SE Basic Materials Basic Materials Germany 2.98
Management Team
CompanyName Baring Fund Managers Ltd
Phone +44 20 76286000
Website Beaufort House
Address 51 New North Road
Exeter


 
Domicile GBR
Legal Structure Unit Trust
UCITS Yes
Inception Date 29/05/2015
Fund Advisor(s)
Baring Asset Management Ltd
Fund Manager   Piers Aldred
Manager Start Date   30/06/2024
Education  
Biography  
Fund Manager   Paul Morgan
Manager Start Date   01/02/2020
Education  
Biography  
Fees and Expenses
Sales Charges (Maximum)
Front Load Fee 3.00%
Deferred Load Fee -
Switching Fee 1.00%
Annual Charge
Management (Max) 1.50%

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