Public HTML RI reports - PRI reporting framework 2018

Barings LLC

PRI reporting framework 2018

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - INF 03]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (C) Implementation: Integration of ESG issues [LEI 08 - 10] Outputs and outcomes [LEI 12 - 14]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 13] Implementation processes [FI 01 - 03] (C) Implementation: Integration [FI 11 - 13] Fixed income - Engagement [FI 15 - 17] Outputs and outcomes [FI 18 - 19]

Direct - Property

Overview [PR 01] Fundraising of property funds [PR 02 - 03] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Assurance

Assurance [CM1 01.1 - 01.7]

Export Public Responses

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Fund management

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Fund of funds, manager of managers, sub-advised products

Other, specify

Further options for investment managers (may be selected in addition to the above)

Execution and advisory services

Hedge funds

Fund of hedge funds

01.3. Additional information. [Optional]

Barings is a $304+ billion global financial services firm dedicated to meeting the evolving investment and capital needs of our clients (as of 31 December, 2017).

We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, we have the financial stability and flexibility to take a long-term approach.

Global footprint

With 650+ investment professionals across offices in 16 countries, we provide our clients with a broad perspective and access to a diverse set of opportunities as well as the ability to truly partner with our clients to invest across global markets.

Investment solutions

Drawing upon our breadth and depth across the global fixed income, equity, and alternative asset markets, we aim to provide our clients with innovative solutions to address their complex challenges.

Scale and stability

Backed by a strong parent company, we have the financial stability and flexibility to take a long-term approach.

An unwavering focus on risk management

With sophisticated risk management systems and processes in place, helping to protect our clients’ capital over the long term is an essential part of our lasting partnerships.

Team driven

Rooted in our core values of transparency and responsibility, our team-driven culture is enhanced by a diversity of perspectives which we view as essential to meeting the needs of our clients.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1752 FTE

02.4. Additional information. [Optional]

The FTE number above excludes 99 Barings Multifamily Capital employees. Barings Multifamily Capital is an indirect, wholly owned subsidiary of Barings LLC. These employees were included in Barings' 2017 annual report, however, as a capital provider to multifamily borrowers, Barings Multifamily Capital is not a registered investment adviser or does not otherwise provide investment advice. Therefore, we are excluding Barings Multifamily Capital in employee figures going forward as their practices do not constitute investment advice.

Barings is headquartered in Charlotte, North Carolina. The firm has offices in 16 countries around the world. In the U.S., Barings has offices in Boston, MA; Charlotte, NC; Chicago, IL; Glastonbury, CT; Hartford, CT; Los Angeles, CA; New Haven, CT; New York, NY; Springfield, MA and Washington, D.C. In addition, we have offices in Amsterdam, Berlin, Frankfurt, Geneva, Hamburg, Helsinki, London, Munich, Paris, Stockholm, Hong Kong, Seoul, Sydney, Taipei and Tokyo.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.5. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	<10% 9	0 0
Fixed income	>50% 84	0 0
Private equity	<10% 2	0 0
Property	<10% 5	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0