Morningstar® Fund Report™|01/06/2025
Baring German Growth Trust (USD)
Performance History 31/05/2025
Growth of 1,000(USD)
Fund 27.41 -15.62 16.52 16.09 24.54
+/-Cat 13.37 1.92 1.26 6.37 -
+/-Idx - - - - -
Category: Other Equity
Index: -
Trailing Returns 30/05/2025
Fund +/-Idx
YTD 24.54 -
3 Years 63.66 -
5 Years 119.20 -
10 Years 126.48 -
12 Month Yield -
Dividend Paying Frequency Annually
Key Stats
Morningstar Category
Other Equity
Morningstar Rating™
Not Rated
ISIN
GB00BXVMKV60
NAV 30/05/2025
USD 21.2100
Day Change
-0.05%
Total Net Assets (mil)
30/05/2025
USD  463.77
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 30/04/2025
Morningstar Style Box®_Morningstar:
Equity Style
Asset Allocation %
% Long % Short % Net Assets
Stocks 93.19 0.00 93.19
Bonds 0.00 0.00 0.00
Cash 7.00 0.19 6.81
Other 0.00 0.00 0.00
Top 5 Regions %
Eurozone 96.30
United States 3.70
Canada 0.00
Latin America 0.00
United Kingdom 0.00
Top 5 Sectors %
Industrials 25.65
Financial Services 22.03
Technology 16.36
Basic Materials 10.36
Communication Services 8.35
Top 5 Holdings Sector %
Allianz SE Financial Services Financial Services 8.65
Siemens AG Industrials Industrials 8.13
SAP SE Technology Technology 8.11
Rheinmetall AG Industrials Industrials 6.32
Deutsche Telekom AG Communication Services Communication Services 5.41
Return Charts
3 Months 6 Months 1 Year 3 Years 5 Years 10 Years
Index Currency
UPDATE
Fund: Baring German Growth Trust (USD)
Index: Please select ...
Annual Returns 31/05/2025
2018 2019 2020 2021 2022 2023 2024 2025
Total Return -22.01 27.68 -0.17 27.41 -15.62 16.52 16.09 24.54
+/- Category -2.05 4.10 -2.81 13.37 1.92 1.26 6.37 -
+/- Index - - - - - - - -
% Rank (Rel to Cat) - - - - - - - -
Trailing Returns 30/05/2025
Total Return +/- Category +/- Index
1 Day -0.05 0.30 -
1 Week 0.71 2.97 -
1 Month 6.85 12.47 -
3 Months 10.12 16.07 -
6 Months 27.16 39.83 -
YTD 24.54 29.87 -
1 Year 28.86 47.37 -
3 Years 63.66 85.34 -
5 Years 119.20 148.93 -
10 Years 126.48 136.11 -
Quarterly Returns 31/05/2025
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 30/05/2025
12 Month Yield -
2025 -
2024 0.09
2023 0.07
2022 0.06
Morningstar Rating™ -
3-Year Not Rated
5-Year Not Rated
10-Year Not Rated
Overall Not Rated
Volatility Measurements 31/05/2025
1-Yr Volatility 10.39%   3-Yr Volatility 15.37%
1-Yr MaximumDrawdown -1.82% 3-Yr MaximumDrawdown -16.01%
1 Yr Sharpe Ratio 2.04 3-Yr Sharpe Ratio 0.85
3-Yr Mean Return 1.48%
Investment Style Details 30/04/2025
Morningstar Style Box®_Morningstar:
Equity Style
Size Rel to Cat
Average Mkt Cap (Mil) EUR 37830.43 0.00
Market Capitalisation % Of Equity
Giant 42.50
Large 29.83
Medium 11.63
Small 7.53
Micro 1.22
Valuations and Growth Rates Equity Portfolio Relative to Category
Price/Prospective Earnings 14.65 0.00
Price/Book 1.82 0.00
Price/Sales 0.83 0.00
Price/Cash Flow 5.97 0.00
Dividend-Yield Factor 3.08 0.00
Long-Term Projected Earnings Growth 9.89 0.00
Historical Earnings Growth 18.91 0.00
Sales Growth 1.13 0.00
Cash-Flow Growth 3.36 0.00
Book-Value Growth 5.83 0.00
AssetAllocation 30/04/2025
Asset Allocation
% Long % Short % Net Assets
Stocks 93.19 0.00 93.19
Bonds 0.00 0.00 0.00
Cash 7.00 0.19 6.81
Other 0.00 0.00 0.00
World Regions 30/04/2025
% Of Equity Relative to Category
United States 3.70 0.00
Canada 0.00 0.00
Latin America 0.00 0.00
United Kingdom 0.00 0.00
Eurozone 96.30 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 30/04/2025
% Of Equity Relative to Category
CyclicalCyclical 35.67 -
Basic MaterialsBasic Materials 10.36 -
Consumer CyclicalConsumer Cyclical 3.28 -
Financial ServicesFinancial Services 22.03 -
Real EstateReal Estate - -
Sensitive 50.35 -
Communication ServicesCommunication Services 8.35 -
EnergyEnergy - -
IndustrialsIndustrials 25.65 -
TechnologyTechnology 16.36 -
DefensiveDefensive 7.17 -
Consumer DefensiveConsumer Defensive - -
HealthcareHealthcare 1.61 -
UtilitiesUtilities 5.56 -
Top 10 Holdings 30/04/2025
Portfolio
Total Number of Equity Holdings 41
Total Number of Bond Holdings 0
Assets in Top 10 Holdings % 54.28
Product Name Sector Country/Region % of Assets
Allianz SE Financial Services Financial Services Germany 8.65
Siemens AG Industrials Industrials Germany 8.13
SAP SE Technology Technology Germany 8.11
Rheinmetall AG Industrials Industrials Germany 6.32
Deutsche Telekom AG Communication Services Communication Services Germany 5.41
Commerzbank AG Financial Services Financial Services Germany 4.33
Munchener Ruckversicherungs-Gesellschaft AG Financial Services Financial Services Germany 4.32
E.ON SE Utilities Utilities Germany 3.24
Infineon Technologies AG Technology Technology Germany 2.90
Heidelberg Materials AG Basic Materials Basic Materials Germany 2.85
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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