Title: Barings Factsheet URL Source: https://documentscdn.financialexpress.net/Literature/3C220577EE6C39B89D2913CB0508E7B5/240660880.pdf Number of Pages: 5 Markdown Content: For retail investor use 24/4088729 1 # Barings Emerging EMEA Opportunities PLC PERFORMANCE (%) Ordinary Shares (Gross of Fees) Ordinary Shares (Net of Fees) Benchmark 4 Year to Date 0.58 0.17 1.97 1 Year 22.23 20.27 19.35 3 Years 18.75 16.85 12.57 5 Years 5.75 4.06 4.28 10 Years 9.00 7.32 5.87 Since Inception 10.71 9.06 8.22 M AR C H 2 0 2 6 / F AC T S H E E T OBJECTIVE Barings Emerging EMEA Opportunities PLC is an actively managed equity strategy. The Company's investment objective is to achieve capital growth, principally through investment in emerging and frontier equity securities listed or traded on Eastern European, Middle Eastern and African (EMEA) securities markets. STRATEGY The Company aims to harness the long -term growth and income potential of Emerging EMEA. It is managed by one of the region's most experienced and best -resourced investment teams, using fundamental, bottom -up analysis. MARKET OPPORTUNITY • Income diversifier: the Company aims to deliver both income and long -term growth potential, accessing markets with compelling dividend prospects. • Undiscovered growth: the broad investment focus provides exposure to a large opportunity set in high growth areas underrepresented in global portfolios. • High conviction: concentrated exposure to 30 - 60 of the very best ideas we can find across the Emerging EMEA region - with a strong focus on environmental, social and governance (ESG) factors. ROLLING 12 MONTH PERFORMANCE (%) Ordinary Shares (Gross of Fees) Ordinary Shares (Net of Fees) Benchmark 4 31/03/2025 - 31/03/2026 22.23 20.27 19.35 31/03/2024 - 31/03/2025 16.96 15.09 10.51 31/03/2023 - 31/03/2024 17.14 15.27 6.39 31/03/2022 - 31/03/2023 -10.03 -11.47 -12.52 31/03/2021 - 31/03/2022 -12.24 -13.63 -1.20 PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. An investment entails a risk of loss. Returns for periods greater than one year are annualized. 1. Net Asset Value is Shareholders’ funds expressed as an amount per individual Ordinary Share. Shareholders’ funds are the total value of all the Company’s assets, at current market value, having deducted all liabilities and prior charges at their fair value. 2. Share price is the mid -market price at market close and is determined by stock market supply and demand. 3. Dividend Yield is calculated using the Company’s latest full year dividend expressed as a percentage of the share price. 4. The benchmark is the MSCI EM EMEA Index. Prior to the 16 November 2020, the benchmark was the MSCI EM Europe 10/40 Index. Baring Emerging Europe PLC was launched on the 18 December 2002. As of 16 November 2020, the Company changed its investment policy and objective and was renamed Barings Emerging EMEA Opportunities PLC. For further details please visit www.bemoplc.com F U N D F AC T S Net Assets 1 £103.8m Share Price 2 745.00 p NAV per Share 1 899.46 p Discount to NAV 17.17 % Dividend Yield 3 2.62 % Structure Closed Ended Investment Trust Company Inception Date 18 December 2002 ISIN GB0032273343 Bloomberg Ticker BEMO LN Base Currency GBP Benchmark 4 MSCI EM EMEA Management Fee (p.a.) 0.75% Ongoing Charges (p.a.) 1.59% P O R T F O L I O M AN AG E R S Matthias Siller, CFA 28 years of experience Adnan El -Araby, CFA 16 years of experience Alay Patel, CFA 14 years of experience For retail investor use 24/4088729 2 # Barings Emerging EMEA Opportunities PLC 1. Barings assets as of March 31, 2026. 2. Risk statistics based on gross performance. 3. As of 31 March 2026. 4. Refer to glossary on our website for definitions of terms. Characteristics are subject to change. C H AR AC T E R I S T I C S 2 , 3 , 4 B AR I N G S E M E R G I N G E M E A O P P O R T U N I T I E S P L C Number Of Holdings 44 Active Share (%) 49.83 Off Benchmark (%) 5.12 Tracking Error (%) (3Y Ann) 3.35 Information Ratio (3Y Ann) 1.62 Standard Deviation (3Y Ann) 11.70 Alpha (3Y Ann) 5.88 Beta (3Y Ann) 0.98 Av. Market Cap (USDb) 52.80 T O P H O L D I N G S ( % O F M V ) 3 AL RAJHI BANK 6.07 NASPERS LTD 5.19 ANGLOGOLD ASHANTI LTD 5.03 SAUDI NATIONAL BANK 4.81 GOLD FIELDS LTD 4.24 ETIHAD ETISALAT CO 4.13 FIRSTRAND LTD 3.14 DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP 3.09 OTP BANK NYRT 3.07 CAPITEC BANK HOLDINGS LTD 2.91 3.8 1.8 1.9 3.1 4.6 7.1 9.1 11.1 26.5 27.7 0 10 20 30 Cash Qatar Kuwait Hungary Greece Turkey Poland United Arab… South Africa Saudi Arabia 3.8 1.6 2.3 3.1 3.6 5.8 8.0 11.5 14.2 46.2 0 5 10 15 20 25 30 35 40 45 50 Cash Information Technology Real Estate Health Care Consumer Staples Energy Consumer Discretionary Communication Services Materials Financials T O P C O U N T R Y W E I G H T I N G ( % O F M V ) 3 T O P S E C T O R W E I G H T I N G S ( % O F M V ) 3 E Q U I T Y P L AT F O R M 1 Barings manages $481+ billion of equities, fixed income, real estate and alternative assets globally We focus on building high - conviction, research -driven equity solutions for our clients. We have a long history of being early investors in new and established markets • Global Equities • Emerging Markets Equities • Small -Cap Equities Equities investor base includes financial institutions, pensions, foundations and endowments and wholesale distributors For retail investor use > 24/4088729 > 3 # Barings Emerging EMEA Opportunities PLC M AN AG E R ’ S C O M M E N T S M AR C H 2 0 2 6 PERFORMANCE SUMMARY The Trust declined in March, ending the month with a return of -8.52%, underperforming the broader benchmark by 0.85% in GBP ter ms. The outbreak of the war involving the US, Israel and Iran, represents a new investment backdrop of escalation in the Middle E ast , directly impacting our portfolio. In this environment, Energy, Utilities, Healthcare, Staples and Defence stocks outperformed, as global interest rates moved h igh er in response to rising inflation expectations as oil prices moved sharply higher on the month. From a relative performance perspective, our underweight exposure to the energy sector represented the largest detractor duri ng the month. Stock selection within the financial sector also weighed on relative performance. By contrast, consumer staples contributed positively: Turkish hard discount retailer BIM performed strongly, supported by a f avo urable business outlook outlined at its FY2025 annual report conference call. In Healthcare, Saudi Medical Services Group Al Habib emerged as on e of the strongest performers this month, appreciating by more than 10% and contributing meaningfully to the portfolio’s relative performance. STRATEGY During the month, we initiated a position in Tupras , Turkey’s largest oil refining company. The business stands to benefit from higher refining margins amid tighter oil products markets, following significant damage to refining infrastructure in the Middle East. In addition, Tupras ’ flexible crude sourcing strategy —drawing from Russian, Atlantic and Middle Eastern supplies —combined with its strategic location on the Mediterranean co ast, underpins its competitive positioning. Majority owned by Koç Holding, the company’s strong cash flow generation is, in our view, likely to tra nslate into sustained double digit dividend yields. We took the decision to reduce our position in the leading Dubai real estate developer EMAAR, as the market re -opened following a brief suspension as its core business model will is affected by the hostilities in the Middle East. We also added to our position in OTP, one of the leading banks in Emerging Europe, as the stock sold off alongside broader ma rke ts. The Budapest, Hungary headquartered lender’s strong capitalisation, conservative provisioning policy (creating “hidden reserves”), absence of outstanding Alternative Tier 2 capital instruments, and attractive organic and acquisitive growth opportunities support its compelling in ves tment profile at current valuation levels. Hungary’s parliamentary election on 12 April represents a potential additional catalyst. An opposition victory by Peter Magya r’s Tisza party, currently polling ahead of Prime Minister Viktor Orbán’s Fidesz, could reset Hungary’s strained relationship with the European Union an d l ead to the release of substantial EU infrastructure funding. OUTLOOK A key component of the EMEA equity universe, Middle Eastern equity markets are likely to remain volatile in the near term as the conflict between the US, Israel and Iran has elevated geopolitical risk and driven sharp moves in energy prices, the region’s primary transmission ch annel to financial markets. In a remarkable show of strength Saudia Arabia’s stock index emerged as the world’s best performing equity market (a fte r Oman) in March, highlighting the impact of higher oil prices for hydrocarbon exporters such as Saudi Arabia and Oman, where energy heavy indi ces and fiscal balances benefit, while rising inflation risks for dollar pegged economies and proximity to the theatre of war weigh on more di versified markets such as the UAE. Investor sentiment is therefore fragmenting across the region, with energy levered markets outperforming while re al estate and consumption exposed markets face greater pressure amid tighter financial conditions. Looking ahead, much will depend on the d ura tion of the conflict and the degree of disruption to shipping through the Strait of Hormuz, as a prolonged shock would keep inflation expectations el evated and limit the scope for policy easing. Nevertheless, we draw confidence from strong sovereign balance sheets, high foreign exchange reserve s a nd ongoing structural reforms in key Gulf markets as well as the diversified nature of our portfolio to provide a degree of resilience i n a volatile period for global asset prices. For retail investor use > 24/4088729 > 4 # Barings Emerging EMEA Opportunities PLC Key Risks: • Regional Funds have a narrower focus than those which invest broadly across markets and are therefore considered to be more risky . • Emerging markets or less developed countries may face more political, economic or structural challenges than developed countr ies . Coupled with less developed regulation, this means your money is at greater risk • Russia and the region pose special risks such as, economic and political unrest, lack of a transparent and reliable legal sys tem , lower standards of corporate governance and an under developed process for enforcing legal ownership of investments • Derivative instruments can make a profit or a loss and there is no guarantee that a financial derivative contract will achiev e i ts intended outcome. The use of derivatives can increase the amount by which the Fund’s value rises and falls and could expose the Fund to losses tha t are significantly greater than the cost of the derivative as a relatively small movement may have a larger impact on derivatives than the under lyi ng assets • Debt securities are subject to risks that the issuer will not meet its payment obligations ( ie , default). Low rated (high yield) or equivalent unrated debt securities of the type in which the fund will invest generally offer a higher return than higher rated debt securities, but also are subject to greater risks that the issuer will default. • Changes in exchange rates between the currency of the Fund and the currencies in which the assets of the Fund are valued can hav e the effect of increasing or decreasing the value of the Fund and any income generated Baring Asset Management Limited - 20 Old Bailey, London, EC4M 7BF, United Kingdom Authorized and regulated by the Financial Conduct Authority CONTACT US: +44 (0) 333 300 0372 (This is a low cost number) Telephone calls may be recorded and monitored www.barings.com For investment professionals only # Important Information Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Australia Pty Ltd, Barings Australia Property Pty Ltd, Gryphon Capital Investments Pty Ltd, Barings Japan Limited, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, Baring Asset Management Korea Limited, Barings Singapore Pte Ltd and Baring Asset Management Limited (DIFC Branch) —regulated by the DFSA, each are affiliated financial service companies owned by Barings LLC (each, individually, an "Affiliate"), together known as “Barings.” Some Affiliates may act as an introducer or distributor of the products and services of some others and may be paid a fee for doing so. NO OFFER: The document is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This document is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy, and must not be construed as a projections or predictions. In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved and before making any investment decision, it is recommended that prospective investors seek independent investment, legal, tax, accounting or other professional advice as appropriate. Unless otherwise mentioned, the views contained in this document are those of Barings. These views are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. Individual portfolio management teams may hold different views than the views expressed herein and may make different investment decisions for different clients. Parts of this document may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this document is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information. Target and projected returns are derived from Barings’ proprietary model, which contain a number of assumptions and judgements about (including future projections of one month term SOFR rates as projected by forward curves at time of preparation, prepayment of a certain percentage of the overall model portfolio, and market interest rate for the loans that comprise the model portfolio, among others) that Barings believes are reasonable under the circumstances. Generally, our assumptions include construction projects proceeding according to plan, no modeled losses, and no adverse macroeconomic events, among others. However, there can be no assurance that such assumptions will prove to be accurate, and the actual realized returns will depend on, among other factors, future operating results, interest rates, economic and market conditions, and the value of the underlying assets at the time of disposition, any related transaction costs and the timing and manner of disposition, all of which may differ from the assumptions on which targets and projections are based and therefore, the actual results achieved may vary significantly from the targets and projections, and the variations may be material. We would be happy to provide you with the risks related to hypothetical performance information at your request. OTHER RESTICTIONS: The distribution of this document is restricted by law. No action has been or will be taken by Barings to permit the possession or distribution of the document in any jurisdiction, where action for that purpose may be required. Accordingly, the document may not be used in any jurisdiction except under circumstances that will result in compliance with all applicable laws and regulations. Any service, security, investment or product outlined in this document may not be suitable for a prospective investor or available in their jurisdiction. Any information with respect to UCITS Funds is not intended for U.S. Persons, as defined Forecasts in this document reflect Barings’ market views as of the preparation date and may change without notice. Projection s a re not guarantees of future performance. Investments involve risk, including potential loss of principal. The value of investments and any income may fluctuate and are not guaranteed by Barings or any other party. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Examples, portfolio compositions, and investment results shown are for illustrative purposes only and do not predict future outcomes. Actual investments may di ffe r significantly in size, composition, and risk. No assurance is given that any investment will be profitable or avoid losses. Currency exchange rate f luc tuations may impact investment value. Prospective investors should consult the offering documents for detailed information and specific risk fact ors related to any Fund mentioned. in Regulation S under the U.S. Securities Act of 1933, or persons in any other jurisdictions where such use or distribution would be contrary to law or local regulation. This is not an offer to sell or an invitation to apply for any product or service of Barings and is by way of information only. Before investing in any product we recommend that retail investors contact their financial adviser. The Key Information Document (KIID) or Key Information Document (KID) must be received and read before investing. All other relevant documents relating to the product such as the Report and Accounts and the Prospectus should also be read. The information in this document does not constitute investment, tax, legal or other advice. Compensation arrangements under the Financial Services and Markets Act 2000 of the United Kingdom will not be available in respect of any offshore funds. The KID is available on the relevant product page of www.barings.com and is available in the languages of the Member States in which the fund is registered. For information on investor rights and how to raise complaints please go to https://www.barings.com/guest/content/terms -and -conditions, which is available in English. Barings may terminate marketing at any time. Copyright and Trademark Copyright © 2025 Barings. Information in this document may be used for your own personal use, but may not be altered, reproduced or distributed without Barings’ consent. The Barings name and logo design are trademarks of Barings and are registered in U.S. Patent and Trademark Office and in other countries around the world. All rights are reserved. FOR PERSONS DOMICILED IN SWITZERLAND: This is an advertising document. The legal documents of the funds (prospectus, key investor information document and semi -annual or annual reports) can be obtained free of charge from the representatives named below. For the sub -funds of Barings Umbrella Fund plc, the representative is UBS Fund Management (Switzerland) AG, Aeschenvorstadt 1, 4051 Basel and the paying agent is UBS Switzerland AG, Bahnhofstrasse 45, 8001 Basel. For sub -funds of all other Barings UCITS, the representative and paying agent is BNP Paribas Securities Services, Paris, Succersale de Zurich, Selnaustrasse 16, 8002 Zurich FOR SUB -FUNDS OR SCHEMES AUTHORIZED BY THE CENTRAL BANK OF IRELAND AND NOT AUTHORISED BY THE U.K.’S FINANCIAL CONDUCT AUTHORITY U.K. investors should note that the sub -fund is not covered by the U.K. Financial Ombudsman or the U.K. Financial Services Compensation scheme. U.K. Retail investors in the sub -fund have a right to access the alternative dispute resolution scheme in Ireland if they feel their complaint has not been dealt with to their satisfaction. However, U.K. investors will not have a right to access a compensation scheme in Ireland if either the Sub -Fund’s management company or the depositary should become unable to meet its liabilities to investors. Investors should consider obtaining financial advice and review the Prospectus and Supplement before investing. U.K.: The information contained in this document has been approved for issue in the United Kingdom by Baring Asset Management Limited, a firm authorized and regulated by the Financial Conduct Authority (FCA). Its registered office is at 20 Old Bailey, London, United Kingdom, EC4M 7BF. EU: The information contained in this document has been approved for issue by Baring International Fund Managers (Ireland) Limited, a firm authorized and regulated by the Central Bank of Ireland. Its principal business office is at 3rd Floor —Building 3, Number 1 Ballsbridge, 126 Pembroke Rd, Dublin 4.