As filed with the Securities and Exchange Commission on October 9, 2018
Securities Act File No. 333-188840
Investment Company Act File No. 811-22845
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
| THE SECURITIES ACT OF 1933 | x | |||
| Pre-effective Amendment No. | ¨ | |||
| Post-Effective Amendment No. 18 | x | |||
| REGISTRATION STATEMENT | ||||
| UNDER | ||||
| THE INVESTMENT COMPANY ACT OF 1940 | x | |||
| Amendment No. 20 | x |
Barings Funds Trust
(Exact Name of Registrant as Specified in Charter)
300 South Tryon Street, Suite 2500
Charlotte, NC 28202
(Address of Principal Executive Offices)
704-805-7200
(Registrant’s Telephone Number)
Janice M. Bishop
Secretary and Chief Legal Officer
c/o Barings LLC
Independence Wharf
470 Atlantic Avenue, Boston MA 02210
(Name and Address of Agent for Service)
Copies of Communications to:
Gregory D. Sheehan
Brian D. McCabe
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
(617) 951-7000
It is proposed that this filing will become effective (check appropriate box)
| x | Immediately upon filing pursuant to paragraph (b) |
| ¨ | On [date] pursuant to paragraph (b) |
| ¨ | 60 days after filing pursuant to paragraph (a)(1) |
| ¨ | On [date] pursuant to paragraph (a)(1) |
| ¨ | 75 days after filing pursuant to paragraph (a)(2) |
| ¨ | On [date] pursuant to paragraph (a)(2) of Rule 485. |
If appropriate, check the following box:
| ¨ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment to the Registration Statement pursuant to Rule 485(b)(1)(iii) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Charlotte, and the State of North Carolina on the 9th day of October, 2018.
| BARINGS FUNDS TRUST | ||
| By: |
/s/ Daniel McGee | |
| Name: | Daniel McGee | |
| Title: | President | |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
|
Name |
Capacity |
Date | ||
|
/s/ Rodney J. Dillman* |
Trustee | October 9, 2018 | ||
| Rodney J. Dillman | ||||
|
/s/ Thomas M. Finke* |
Trustee | October 9, 2018 | ||
| Thomas M. Finke | ||||
|
/s/ Dr. Bernard A. Harris, Jr.* |
Trustee | October 9, 2018 | ||
| Dr. Bernard A. Harris, Jr. | ||||
|
/s/ Thomas W. Okel* |
Trustee | October 9, 2018 | ||
| Thomas W. Okel | ||||
|
/s/ Cynthia R. Plouché* |
Trustee | October 9, 2018 | ||
| Cynthia R. Plouché | ||||
|
/s/ Martin A. Sumichrast* |
Trustee | October 9, 2018 | ||
| Martin A. Sumichrast | ||||
|
/s/ Daniel McGee |
President | October 9, 2018 | ||
| Daniel McGee | ||||
|
/s/ Lesley Mastandrea |
Treasurer | October 9, 2018 | ||
| Lesley Mastandrea | ||||
|
/s/ Carlene Pollock |
Chief Financial Officer | October 9, 2018 | ||
| Carlene Pollock | ||||
| *By |
/s/ Daniel McGee |
October 9, 2018 | ||||
| Daniel McGee Attorney-in-Fact pursuant to Powers of Attorney previously filed. |
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Barings Funds Trust
Exhibit Index
|
Index No. |
Description of Index | |
| EX-101.INS | XBRL Instance Document | |
| EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
| EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
| EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
| EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase | |
| EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase | |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Document Type | dei_DocumentType | 485BPOS |
| Document Period End Date | dei_DocumentPeriodEndDate | Jun. 30, 2018 |
| Registrant Name | dei_EntityRegistrantName | Barings Funds Trust |
| Central Index Key | dei_EntityCentralIndexKey | 0001577579 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Sep. 17, 2018 |
| Document Effective Date | dei_DocumentEffectiveDate | Sep. 18, 2018 |
| Prospectus Date | rr_ProspectusDate | Sep. 18, 2018 |
| Barings Global Emerging Markets Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:16.0pt;font-family:KeplerStd-Bold,serif; color:black;"> BARINGS GLOBAL EMERGING MARKETS EQUITY FUND</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Investment Objective</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
Barings Global Emerging Markets Equity Fund (“Global Emerging Markets Equity Fund” or the “Fund”) seeks to achieve long-term capital growth. | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Fees and Expenses of the Fund</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund. More information about these and other discounts is available from your Financial Intermediary and in “Shareowner Guide – How to Invest in the Fund – Sales Charges – Class A Shares” starting on page 27 of this Prospectus, “Appendix A: Intermediary-Specific Sales Charge Reductions and Waivers” of this Prospectus, and “Programs for Reducing or Eliminating Sales Charges” starting on page 48 of the Statement of Additional Information (“SAI”). | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:8.5pt;font-family:Museo-500,serif; color:black;"> SHAREHOLDER FEES</font> </b> <font style="font-size:8.5pt; font-family:Museo-300,serif;color:black;"> (fees paid directly from your investment)</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
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| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:8.5pt;font-family:Museo-500,serif; color:black;"> ANNUAL FUND OPERATING EXPENSES</font> </b> <font style="font-size: 8.5pt;font-family:Museo-300,serif;color:black;"> (expenses that you pay each year as % of the value of your investment)</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
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| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Expense Example</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
This Example helps you compare the cost of investing in the Fund to the cost of investing in other mutual funds. The Example assumes that (i) you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods, (ii) your investment has a 5% return each year and (iii) operating expenses are the lesser of total annual fund operating expenses or the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||||||||||||
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| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> You would pay the following expenses if you did not redeem your shares:</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
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| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Portfolio Turnover</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the expense example, affect the Fund’s performance. Because the Fund is newly offered, the Fund does not yet have a historical portfolio turnover rate to report. | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif; color:black;text-transform:uppercase;"> PRINCIPAL INVESTMENT STRATEGIES</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity and equity-related securities of issuers that are economically tied to one or more emerging market countries. In general, countries may be considered emerging markets if they are included in any one of the Morgan Stanley Capital Index (“MSCI”) emerging markets indices.
For purposes of the 80% policy discussed above, a determination that an issuer is economically tied to an emerging market country is based on factors including, but not limited to, whether the issuer is incorporated or listed in one or more emerging market countries, has a significant proportion of its assets or other interests in one or more emerging market countries, or carries on its principal business in or from one or more emerging market countries. The Fund may include exchange-traded funds ("ETFs") that provide exposure to certain emerging markets for purposes of its 80% policy.
The Fund may invest in all types of securities, many of which will be denominated in currencies other than the U.S. dollar. The securities may be listed on a U.S. or non-U.S. stock exchange or traded in U.S. or non-U.S. over-the-counter markets. In addition to common stocks, the Fund may also invest in other types of equity securities, such as depositary receipts (including American Depositary Receipts and Global Depositary Receipts), ETFs and participation rights. The Fund may also invest in fixed income securities and cash.
The Fund may invest in different regions, countries, industries and sectors. Under normal market conditions, the Fund allocates its assets among various regions and countries (but in no less than three different countries). The Fund may invest without limit in Russia and China. The Fund may invest directly or indirectly in China through China A-Shares or China B-Shares. The Fund anticipates obtaining its exposure to China through direct investment in China A-Shares listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange via Stock Connect and through indirect exposure to China B-Shares via participation notes.
In selecting investments for the Fund, the Fund's sub-adviser, Baring International Investment Limited, evaluates investment opportunities on a company-by-company basis. This approach includes seeking to identify growth potential unrecognized by market participants through the analysis of factors such as the company's future financial performance, business model and management style, while incorporating wider economic and social trends. The sub-adviser monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security. These factors may vary in particular cases and may change over time.
The Fund has the flexibility to achieve certain exposures through derivative transactions, including without limitation, forward foreign currency exchange contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; participation notes; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps, which may create economic leverage in the Fund. The Fund may engage in derivative transactions to enhance total return, to seek to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the effective duration of its portfolio, to manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. Derivatives instruments that provide exposure to equity securities that are economically tied to emerging market countries or to a country the sub-adviser considers to be equivalent to such countries or have economic characteristics similar to such investments may be used to satisfy the Fund’s 80% policy.
The Fund is a “non-diversified” investment company, which means that it may invest a greater percentage of its assets in the securities of fewer issuers than may investment companies that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be. | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif; color:black;text-transform:uppercase;"> PRINCIPAL RISKS</font> </b> <b> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif;color:black;"> </font> </b> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
Risk is inherent in all investing. Many factors affect the Fund's performance. The value of your investment in the Fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. The following is a summary description of principal risks (in alphabetical order) of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Consequently, you can lose money by investing in the Fund. No assurance can be given that the Fund will achieve its objective, and investment results may vary substantially over time. An investment in the Fund is not appropriate for all investors.
China A-Shares and B-Shares Risk. Investments in Class A-Shares and Class B-Shares of Chinese companies involve certain risks and special considerations not typically associated with investments in U.S. companies, such as greater government control over the economy, political and legal uncertainty, currency fluctuations or blockage, the risk that the Chinese government may decide not to continue to support economic reform programs and the risk of nationalization or expropriation of assets. Additionally, the Chinese securities markets are emerging markets subject to the special risks applicable to emerging market countries. The China B-Share market is generally smaller, less liquid and has a smaller issuer base than the China A-Share market. The issuers that compose the B-Share market include a broad range of companies, including companies with large, medium and small capitalizations. Further, the B-Shares market may behave very differently from other portions of the Chinese equity markets, and there may be little to no correlation between the performance of the two.
Counterparty Risk. The Fund is subject to credit risk with respect to the counterparties to the derivative contracts purchased by the Fund. If a counterparty becomes bankrupt or otherwise fails to perform its obligations under a derivative contract due to financial difficulties, the Fund may experience significant delays in obtaining any recovery under the derivative contract in a bankruptcy or other reorganization proceeding. The Fund may obtain only a limited recovery or may obtain no recovery in such circumstances.
Credit Risk. One or more debt obligations in the Fund’s portfolio may decline in price, or fail to pay dividends, interest or principal when due because the issuer of the obligation experiences an actual or perceived decline in its financial status.
Derivatives Risk. Derivatives are subject to a number of risks, such as liquidity risk, potential losses that partially or completely offset gains, counterparty risk, interest rate risk, credit risk, leverage risk, regulatory risk and management risk. They also involve the risk of mispricing or improper valuation and the risk that changes in the value of a derivative may not correlate perfectly with an underlying asset, interest rate or index. Suitable derivative transactions may not be available in all circumstances, and there can be no assurance that the Fund will engage in these transactions to reduce exposure to other risks when that would be beneficial to the Fund. Gains or losses from derivatives can be substantially greater than the derivatives’ original cost and can sometimes be unlimited.
Equity Securities Risk. The prices of equity securities rise and fall frequently. These price movements may result from factors affecting individual companies, industries or the securities market as a whole.
Exchange-Traded Funds Risk. The Fund may invest in ETFs to gain exposure to a particular portion of the market. ETFs are typically open-end investment companies, which may seek to track the performance of a specified index or be actively managed. ETFs are traded on a national securities exchange at market prices that may vary from the net asset value of their underlying investments. Accordingly, there may be times when an ETF trades at a premium or discount. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF's expenses. The Fund is also subject to the risks associated with the securities in which the ETF invests.
Fixed Income Securities Risk. The values of fixed income securities typically will decline during periods of rising interest rates, and can also decline in response to changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral assets, or changes in market, economic, industry, political, and regulatory conditions affecting a particular type of security or issuer or fixed income securities generally. Fixed income securities are subject to interest rate risk (the risk that the value of a fixed income security will fall when interest rates rise), extension risk (the risk that the average life of a security will be extended through a slowing of principal payments), prepayment risk (the risk that a security will be prepaid and the Fund will be required to reinvest at a less favorable rate), and credit risk.
Focus Risk. Issuers in a single industry, sector, country, or region can react similarly to market, currency, political, economic, regulatory, geopolitical, and other conditions, and the Fund's performance will be affected by the conditions in the industries, sectors, countries, and regions to which the Fund is exposed.
Foreign (Non-U.S.) Currency Risk. When the Fund invests in foreign securities, it will be subject to foreign currency risk, which means that the value of securities denominated in foreign currencies may fluctuate based on changes in the value of those currencies relative to the U.S. dollar (although the sub-adviser intends generally to hedge investments denominated in foreign currencies back to the U.S. dollar under normal market conditions), and a decline in applicable foreign exchange rates could reduce the value of such securities held by the Fund.
Foreign (Non-U.S.) Investment Risk; Emerging Markets Risk. The Fund’s investments in foreign issuers involve special risks. For example, the value of these investments may decline in response to unfavorable political and legal developments, U.S. and foreign government action such as economic and trade sanctions or embargoes and entering or exiting trade or other intergovernmental agreements, unreliable or untimely information, or economic and financial instability. Foreign settlement procedures also may involve additional risks. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, and greater volatility in currency exchange rates.
Growth Stocks Risk. If a growth company’s earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smaller companies that may experience greater stock price fluctuations and risks of loss than larger, more established companies. Newer growth companies tend to retain a large part of their earnings for research, development or investments in capital assets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during past market cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets are unstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also be more volatile than other securities because of investor speculation.
Leveraging Risk. Instruments and transactions, including derivatives transactions, that create leverage may cause the value of an investment in the Fund to be more volatile and all other risks will tend to be compounded.
Liquidity Risk. The Fund may invest up to 15% of its net assets in illiquid securities ( i.e. , securities that cannot be disposed of within seven days in the ordinary course of business at approximately the value at which the Fund has valued the securities). Illiquid securities may trade at a discount from comparable, more liquid investments, and may be subject to wide fluctuations in market value. Some securities may be subject to restrictions on resale. Also, the Fund may not be able to dispose of illiquid securities at a favorable time or price when desired, and the Fund may suffer a loss if forced to sell such securities to meet redemption requests or for other cash needs. Below investment grade loans and other debt securities tend to be less liquid than higher-rated securities. In addition, the Fund’s derivatives investments may be subject to liquidity risk.
Management Risk. The Fund is subject to management risk because it is an actively managed portfolio. The Manager and the sub-adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that such techniques and analyses will produce the desired results.
Market Risk. The value of the Fund’s portfolio securities may decline, at times sharply and unpredictably, as a result of unfavorable market-induced changes affecting particular industries, sectors, or issuers. Stock and bond markets can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical and other conditions, as well as investor perceptions of these conditions. The Fund is subject to risks affecting issuers, such as management performance, financial leverage, industry problems, and reduced demand for goods or services.
Non-Diversification Risk. The Fund is a “non-diversified” investment company and therefore may invest a greater percentage of its assets in the securities of fewer issuers than funds that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be.
Russian Securities Risk. In response to political and military actions undertaken by Russia, the United States and the European Union instituted numerous sanctions against certain Russian officials and Bank Rossiya. These sanctions, and any additional sanctions or other intergovernmental actions that may be undertaken against Russia in the future, may result in the devaluation of Russian currency, a downgrade in the country’s credit rating, and a decline in the value and liquidity of securities offered by Russian issuers. These sanctions and any other intergovernmental actions could result in the immediate freeze of Russian securities, including securities in the form of depositary receipts, impairing the ability of the Fund to buy, sell, receive or deliver those securities. Retaliatory action by the Russian government could involve the seizure of U.S. and/or European residents’ assets and any such actions are likely to impair the value and liquidity of such assets. Any or all of these potential results could push Russia’s economy into a recession. These sanctions and any other intergovernmental actions, and the continued disruption of the Russian economy, could have a negative effect on the performance of funds that have significant exposure to Russia, including the Fund.
Stock Connect Risk. The Fund may invest directly in China A-Shares through Stock Connect, which is subject to sudden changes in quota limitations, application of trading suspensions, differences in trading days between the People's Republic of China and Stock Connect, operational risk, clearing and settlement risk and regulatory and taxation risk.
Valuation Risk. The Fund is subject to the risk of mispricing or improper valuation of its investments, in particular to the extent that its securities are fair valued.
The Fund is subject to certain other risks, which are described below under “Description of Principal Risks” and “Non-Principal Investment Strategies and Risks.”
An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. As with any mutual fund, there is no guarantee that the Fund will achieve its goal. | ||||||||||||||||||||||||||||||||||||||||||||||
| <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Performance Information for the Fund</font> </p> </div> | ||||||||||||||||||||||||||||||||||||||||||||||
As of the date of this Prospectus, the Fund has not completed a full calendar year of investment operations. When the Fund has completed a full calendar year of operations, this section will include information an investor would find useful in evaluating the risks of investing in the Fund, such as charts that show the Fund’s performance from year to year. The Fund’s current performance for the most recent month can be obtained by calling or at http://www.barings.com/funds/mutual-funds (select fund and share class). The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | ||||||||||||||||||||||||||||||||||||||||||||||
| Label | Element | Value | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Registrant Name | dei_EntityRegistrantName | Barings Funds Trust | ||||||||
| Prospectus Date | rr_ProspectusDate | Sep. 18, 2018 | ||||||||
| Barings Global Emerging Markets Equity Fund | ||||||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Risk/Return [Heading] | rr_RiskReturnHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:16.0pt;font-family:KeplerStd-Bold,serif; color:black;"> BARINGS GLOBAL EMERGING MARKETS EQUITY FUND</font> </p> </div> | ||||||||
| Objective [Heading] | rr_ObjectiveHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Investment Objective</font> </p> </div> | ||||||||
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Barings Global Emerging Markets Equity Fund (“Global Emerging Markets Equity Fund” or the “Fund”) seeks to achieve long-term capital growth. |
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| Expense [Heading] | rr_ExpenseHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Fees and Expenses of the Fund</font> </p> </div> | ||||||||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund. More information about these and other discounts is available from your Financial Intermediary and in “Shareowner Guide – How to Invest in the Fund – Sales Charges – Class A Shares” starting on page 27 of this Prospectus, “Appendix A: Intermediary-Specific Sales Charge Reductions and Waivers” of this Prospectus, and “Programs for Reducing or Eliminating Sales Charges” starting on page 48 of the Statement of Additional Information (“SAI”). |
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:8.5pt;font-family:Museo-500,serif; color:black;"> SHAREHOLDER FEES</font> </b> <font style="font-size:8.5pt; font-family:Museo-300,serif;color:black;"> (fees paid directly from your investment)</font> </p> </div> | ||||||||
| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:8.5pt;font-family:Museo-500,serif; color:black;"> ANNUAL FUND OPERATING EXPENSES</font> </b> <font style="font-size: 8.5pt;font-family:Museo-300,serif;color:black;"> (expenses that you pay each year as % of the value of your investment)</font> </p> </div> | ||||||||
| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:8.5pt;font-family:Museo-300,serif; color:black;"> November 1, 2019</font> </p> </div> | ||||||||
| Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Portfolio Turnover</font> </p> </div> | ||||||||
| Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the expense example, affect the Fund’s performance. Because the Fund is newly offered, the Fund does not yet have a historical portfolio turnover rate to report. |
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| Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | Applies only to certain redemptions of shares bought with no initial sales charge. Class A Shares purchased without an initial sales charge in accounts aggregating $500,000 or more are subject to a 1.00% CDSC if the shares are tendered and accepted for repurchase within 18 months of purchase. The 18-month period begins on the day on which the purchase was made.
The CDSC on Class C Shares is 1.00% for shares tendered and accepted for repurchase within the first 12 months of purchase. There is no CDSC on Class C Shares thereafter. |
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| Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> You may qualify for sales charge discounts on purchases of Class A Shares if you and your family invest, or agree to invest in the future, at least $100,000 in the Fund.</font> </p> </div> | ||||||||
| Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 100,000 | ||||||||
| Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:8.5pt;font-family:Museo-300,serif; color:black;"> “Other expenses” are estimates for the Fund's first year of operations.</font> </p> </div> | ||||||||
| Expense Example [Heading] | rr_ExpenseExampleHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Expense Example</font> </p> </div> | ||||||||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example helps you compare the cost of investing in the Fund to the cost of investing in other mutual funds. The Example assumes that (i) you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods, (ii) your investment has a 5% return each year and (iii) operating expenses are the lesser of total annual fund operating expenses or the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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| Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> You would pay the following expenses if you did not redeem your shares:</font> </p> </div> | ||||||||
| Strategy [Heading] | rr_StrategyHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif; color:black;text-transform:uppercase;"> PRINCIPAL INVESTMENT STRATEGIES</font> </p> </div> | ||||||||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity and equity-related securities of issuers that are economically tied to one or more emerging market countries. In general, countries may be considered emerging markets if they are included in any one of the Morgan Stanley Capital Index (“MSCI”) emerging markets indices.
For purposes of the 80% policy discussed above, a determination that an issuer is economically tied to an emerging market country is based on factors including, but not limited to, whether the issuer is incorporated or listed in one or more emerging market countries, has a significant proportion of its assets or other interests in one or more emerging market countries, or carries on its principal business in or from one or more emerging market countries. The Fund may include exchange-traded funds ("ETFs") that provide exposure to certain emerging markets for purposes of its 80% policy.
The Fund may invest in all types of securities, many of which will be denominated in currencies other than the U.S. dollar. The securities may be listed on a U.S. or non-U.S. stock exchange or traded in U.S. or non-U.S. over-the-counter markets. In addition to common stocks, the Fund may also invest in other types of equity securities, such as depositary receipts (including American Depositary Receipts and Global Depositary Receipts), ETFs and participation rights. The Fund may also invest in fixed income securities and cash.
The Fund may invest in different regions, countries, industries and sectors. Under normal market conditions, the Fund allocates its assets among various regions and countries (but in no less than three different countries). The Fund may invest without limit in Russia and China. The Fund may invest directly or indirectly in China through China A-Shares or China B-Shares. The Fund anticipates obtaining its exposure to China through direct investment in China A-Shares listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange via Stock Connect and through indirect exposure to China B-Shares via participation notes.
In selecting investments for the Fund, the Fund's sub-adviser, Baring International Investment Limited, evaluates investment opportunities on a company-by-company basis. This approach includes seeking to identify growth potential unrecognized by market participants through the analysis of factors such as the company's future financial performance, business model and management style, while incorporating wider economic and social trends. The sub-adviser monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security. These factors may vary in particular cases and may change over time.
The Fund has the flexibility to achieve certain exposures through derivative transactions, including without limitation, forward foreign currency exchange contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; participation notes; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps, which may create economic leverage in the Fund. The Fund may engage in derivative transactions to enhance total return, to seek to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the effective duration of its portfolio, to manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. Derivatives instruments that provide exposure to equity securities that are economically tied to emerging market countries or to a country the sub-adviser considers to be equivalent to such countries or have economic characteristics similar to such investments may be used to satisfy the Fund’s 80% policy.
The Fund is a “non-diversified” investment company, which means that it may invest a greater percentage of its assets in the securities of fewer issuers than may investment companies that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be. |
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| Risk [Heading] | rr_RiskHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif; color:black;text-transform:uppercase;"> PRINCIPAL RISKS</font> </b> <b> <font style="font-size:11.0pt;font-family:KeplerStd-Bold,serif;color:black;"> </font> </b> </p> </div> | ||||||||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | Risk is inherent in all investing. Many factors affect the Fund's performance. The value of your investment in the Fund, as well as the amount of return you receive on your investment, may fluctuate significantly. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. The following is a summary description of principal risks (in alphabetical order) of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Consequently, you can lose money by investing in the Fund. No assurance can be given that the Fund will achieve its objective, and investment results may vary substantially over time. An investment in the Fund is not appropriate for all investors.
China A-Shares and B-Shares Risk. Investments in Class A-Shares and Class B-Shares of Chinese companies involve certain risks and special considerations not typically associated with investments in U.S. companies, such as greater government control over the economy, political and legal uncertainty, currency fluctuations or blockage, the risk that the Chinese government may decide not to continue to support economic reform programs and the risk of nationalization or expropriation of assets. Additionally, the Chinese securities markets are emerging markets subject to the special risks applicable to emerging market countries. The China B-Share market is generally smaller, less liquid and has a smaller issuer base than the China A-Share market. The issuers that compose the B-Share market include a broad range of companies, including companies with large, medium and small capitalizations. Further, the B-Shares market may behave very differently from other portions of the Chinese equity markets, and there may be little to no correlation between the performance of the two.
Counterparty Risk. The Fund is subject to credit risk with respect to the counterparties to the derivative contracts purchased by the Fund. If a counterparty becomes bankrupt or otherwise fails to perform its obligations under a derivative contract due to financial difficulties, the Fund may experience significant delays in obtaining any recovery under the derivative contract in a bankruptcy or other reorganization proceeding. The Fund may obtain only a limited recovery or may obtain no recovery in such circumstances.
Credit Risk. One or more debt obligations in the Fund’s portfolio may decline in price, or fail to pay dividends, interest or principal when due because the issuer of the obligation experiences an actual or perceived decline in its financial status.
Derivatives Risk. Derivatives are subject to a number of risks, such as liquidity risk, potential losses that partially or completely offset gains, counterparty risk, interest rate risk, credit risk, leverage risk, regulatory risk and management risk. They also involve the risk of mispricing or improper valuation and the risk that changes in the value of a derivative may not correlate perfectly with an underlying asset, interest rate or index. Suitable derivative transactions may not be available in all circumstances, and there can be no assurance that the Fund will engage in these transactions to reduce exposure to other risks when that would be beneficial to the Fund. Gains or losses from derivatives can be substantially greater than the derivatives’ original cost and can sometimes be unlimited.
Equity Securities Risk. The prices of equity securities rise and fall frequently. These price movements may result from factors affecting individual companies, industries or the securities market as a whole.
Exchange-Traded Funds Risk. The Fund may invest in ETFs to gain exposure to a particular portion of the market. ETFs are typically open-end investment companies, which may seek to track the performance of a specified index or be actively managed. ETFs are traded on a national securities exchange at market prices that may vary from the net asset value of their underlying investments. Accordingly, there may be times when an ETF trades at a premium or discount. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF's expenses. The Fund is also subject to the risks associated with the securities in which the ETF invests.
Fixed Income Securities Risk. The values of fixed income securities typically will decline during periods of rising interest rates, and can also decline in response to changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral assets, or changes in market, economic, industry, political, and regulatory conditions affecting a particular type of security or issuer or fixed income securities generally. Fixed income securities are subject to interest rate risk (the risk that the value of a fixed income security will fall when interest rates rise), extension risk (the risk that the average life of a security will be extended through a slowing of principal payments), prepayment risk (the risk that a security will be prepaid and the Fund will be required to reinvest at a less favorable rate), and credit risk.
Focus Risk. Issuers in a single industry, sector, country, or region can react similarly to market, currency, political, economic, regulatory, geopolitical, and other conditions, and the Fund's performance will be affected by the conditions in the industries, sectors, countries, and regions to which the Fund is exposed.
Foreign (Non-U.S.) Currency Risk. When the Fund invests in foreign securities, it will be subject to foreign currency risk, which means that the value of securities denominated in foreign currencies may fluctuate based on changes in the value of those currencies relative to the U.S. dollar (although the sub-adviser intends generally to hedge investments denominated in foreign currencies back to the U.S. dollar under normal market conditions), and a decline in applicable foreign exchange rates could reduce the value of such securities held by the Fund.
Foreign (Non-U.S.) Investment Risk; Emerging Markets Risk. The Fund’s investments in foreign issuers involve special risks. For example, the value of these investments may decline in response to unfavorable political and legal developments, U.S. and foreign government action such as economic and trade sanctions or embargoes and entering or exiting trade or other intergovernmental agreements, unreliable or untimely information, or economic and financial instability. Foreign settlement procedures also may involve additional risks. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, and greater volatility in currency exchange rates.
Growth Stocks Risk. If a growth company’s earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smaller companies that may experience greater stock price fluctuations and risks of loss than larger, more established companies. Newer growth companies tend to retain a large part of their earnings for research, development or investments in capital assets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during past market cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets are unstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also be more volatile than other securities because of investor speculation.
Leveraging Risk. Instruments and transactions, including derivatives transactions, that create leverage may cause the value of an investment in the Fund to be more volatile and all other risks will tend to be compounded.
Liquidity Risk. The Fund may invest up to 15% of its net assets in illiquid securities ( i.e. , securities that cannot be disposed of within seven days in the ordinary course of business at approximately the value at which the Fund has valued the securities). Illiquid securities may trade at a discount from comparable, more liquid investments, and may be subject to wide fluctuations in market value. Some securities may be subject to restrictions on resale. Also, the Fund may not be able to dispose of illiquid securities at a favorable time or price when desired, and the Fund may suffer a loss if forced to sell such securities to meet redemption requests or for other cash needs. Below investment grade loans and other debt securities tend to be less liquid than higher-rated securities. In addition, the Fund’s derivatives investments may be subject to liquidity risk.
Management Risk. The Fund is subject to management risk because it is an actively managed portfolio. The Manager and the sub-adviser will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that such techniques and analyses will produce the desired results.
Market Risk. The value of the Fund’s portfolio securities may decline, at times sharply and unpredictably, as a result of unfavorable market-induced changes affecting particular industries, sectors, or issuers. Stock and bond markets can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical and other conditions, as well as investor perceptions of these conditions. The Fund is subject to risks affecting issuers, such as management performance, financial leverage, industry problems, and reduced demand for goods or services.
Non-Diversification Risk. The Fund is a “non-diversified” investment company and therefore may invest a greater percentage of its assets in the securities of fewer issuers than funds that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be.
Russian Securities Risk. In response to political and military actions undertaken by Russia, the United States and the European Union instituted numerous sanctions against certain Russian officials and Bank Rossiya. These sanctions, and any additional sanctions or other intergovernmental actions that may be undertaken against Russia in the future, may result in the devaluation of Russian currency, a downgrade in the country’s credit rating, and a decline in the value and liquidity of securities offered by Russian issuers. These sanctions and any other intergovernmental actions could result in the immediate freeze of Russian securities, including securities in the form of depositary receipts, impairing the ability of the Fund to buy, sell, receive or deliver those securities. Retaliatory action by the Russian government could involve the seizure of U.S. and/or European residents’ assets and any such actions are likely to impair the value and liquidity of such assets. Any or all of these potential results could push Russia’s economy into a recession. These sanctions and any other intergovernmental actions, and the continued disruption of the Russian economy, could have a negative effect on the performance of funds that have significant exposure to Russia, including the Fund.
Stock Connect Risk. The Fund may invest directly in China A-Shares through Stock Connect, which is subject to sudden changes in quota limitations, application of trading suspensions, differences in trading days between the People's Republic of China and Stock Connect, operational risk, clearing and settlement risk and regulatory and taxation risk.
Valuation Risk. The Fund is subject to the risk of mispricing or improper valuation of its investments, in particular to the extent that its securities are fair valued.
The Fund is subject to certain other risks, which are described below under “Description of Principal Risks” and “Non-Principal Investment Strategies and Risks.”
An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. As with any mutual fund, there is no guarantee that the Fund will achieve its goal. |
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| Risk Lose Money [Text] | rr_RiskLoseMoney | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments.</font> </p> </div> | ||||||||
| Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:9.0pt;font-family:Museo-500,serif; color:black;"> Non-Diversification Risk. </font> </b> <font style="font-size: 9.0pt;font-family:Museo-300,serif;color:black;"> The Fund is a “non-diversified” investment company and therefore may invest a greater percentage of its assets in the securities of fewer issuers than funds that are “diversified.” Accordingly, the Fund is more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund might be.</font> </p> </div> | ||||||||
| Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <b> <font style="font-size:9.0pt;font-family:Museo-500,serif; color:black;"> An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. As with any mutual fund, there is no guarantee that the Fund will achieve its goal.</font> </b> <font style="font-size:9.0pt;font-family:Museo-300,serif;color:black;"> </font> </p> </div> | ||||||||
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;font-weight: bold;"> <font style="font-size:10.0pt;font-family:KeplerStd-Bold,serif; color:black;"> Performance Information for the Fund</font> </p> </div> | ||||||||
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | As of the date of this Prospectus, the Fund has not completed a full calendar year of investment operations. When the Fund has completed a full calendar year of operations, this section will include information an investor would find useful in evaluating the risks of investing in the Fund, such as charts that show the Fund’s performance from year to year. The Fund’s current performance for the most recent month can be obtained by calling or at http://www.barings.com/funds/mutual-funds (select fund and share class). The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. |
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| Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> When the Fund has completed a full calendar year of operations, this section will include information an investor would find useful in evaluating the risks of investing in the Fund, such as charts that show the Fund’s performance from year to year.</font> </p> </div> | ||||||||
| Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> As of the date of this Prospectus, the Fund has not completed a full calendar year of investment operations.</font> </p> </div> | ||||||||
| Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> http://www.barings.com/funds/mutual-funds</font> </p> </div> | ||||||||
| Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | <div class="WordSection1"> <p style="margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman,serif;"> <font style="font-size:9.0pt;font-family:Museo-300,serif; color:black;"> The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.</font> </p> </div> | ||||||||
| Barings Global Emerging Markets Equity Fund | Class A | ||||||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Trading Symbol | dei_TradingSymbol | BXQAX | ||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 4.00% | ||||||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions (as % of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
| Maximum Contingent Deferred Sales Charge (Load) (CDSC) (as % of lower of the original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | [1] | |||||||
| Management Fees | rr_ManagementFeesOverAssets | 0.90% | ||||||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.25% | [2] | |||||||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.40% | ||||||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.95% | [3] | |||||||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.45% | ||||||||
| 1 YEAR | rr_ExpenseExampleYear01 | $ 546 | ||||||||
| 3 YEARS | rr_ExpenseExampleYear03 | 1,053 | ||||||||
| 1 YEAR | rr_ExpenseExampleNoRedemptionYear01 | 546 | ||||||||
| 3 YEARS | rr_ExpenseExampleNoRedemptionYear03 | $ 1,053 | ||||||||
| Barings Global Emerging Markets Equity Fund | Class C | ||||||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Trading Symbol | dei_TradingSymbol | BXQCX | ||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions (as % of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
| Maximum Contingent Deferred Sales Charge (Load) (CDSC) (as % of lower of the original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | [4] | |||||||
| Management Fees | rr_ManagementFeesOverAssets | 0.90% | ||||||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.25% | [2] | |||||||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.15% | ||||||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.95% | [3] | |||||||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 2.20% | ||||||||
| 1 YEAR | rr_ExpenseExampleYear01 | $ 331 | ||||||||
| 3 YEARS | rr_ExpenseExampleYear03 | 916 | ||||||||
| 1 YEAR | rr_ExpenseExampleNoRedemptionYear01 | 231 | ||||||||
| 3 YEARS | rr_ExpenseExampleNoRedemptionYear03 | $ 916 | ||||||||
| Barings Global Emerging Markets Equity Fund | Class I | ||||||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Trading Symbol | dei_TradingSymbol | BXQIX | ||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions (as % of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
| Maximum Contingent Deferred Sales Charge (Load) (CDSC) (as % of lower of the original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | ||||||||
| Management Fees | rr_ManagementFeesOverAssets | 0.90% | ||||||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.25% | [2] | |||||||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.15% | ||||||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.95% | [3] | |||||||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.20% | ||||||||
| 1 YEAR | rr_ExpenseExampleYear01 | $ 126 | ||||||||
| 3 YEARS | rr_ExpenseExampleYear03 | 601 | ||||||||
| 1 YEAR | rr_ExpenseExampleNoRedemptionYear01 | 126 | ||||||||
| 3 YEARS | rr_ExpenseExampleNoRedemptionYear03 | $ 601 | ||||||||
| Barings Global Emerging Markets Equity Fund | Class Y | ||||||||||
| Risk/Return: | rr_RiskReturnAbstract | |||||||||
| Trading Symbol | dei_TradingSymbol | BXQYX | ||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions (as % of offering price) | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
| Maximum Contingent Deferred Sales Charge (Load) (CDSC) (as % of lower of the original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | ||||||||
| Management Fees | rr_ManagementFeesOverAssets | 0.90% | ||||||||
| Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||
| Other Expenses | rr_OtherExpensesOverAssets | 1.25% | [2] | |||||||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.15% | ||||||||
| Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.95% | [3] | |||||||
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.20% | ||||||||
| 1 YEAR | rr_ExpenseExampleYear01 | $ 126 | ||||||||
| 3 YEARS | rr_ExpenseExampleYear03 | 601 | ||||||||
| 1 YEAR | rr_ExpenseExampleNoRedemptionYear01 | 126 | ||||||||
| 3 YEARS | rr_ExpenseExampleNoRedemptionYear03 | $ 601 | ||||||||
| ||||||||||
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | Barings Funds Trust |
| Prospectus Date | rr_ProspectusDate | Sep. 18, 2018 |
| Document Creation Date | dei_DocumentCreationDate | Sep. 17, 2018 |