Barings Global Short Duration High Yield:BGH

    Manage Alerts

    Overview

    As of 3/1/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$15.70$17.24-8.93%
    52 Wk Avg$13.30$14.91-10.92%
    52 Wk High$17.16$17.73-3.55%
    52 Wk Low$9.14$11.59-25.57%
    Regular Distribution TypeIncome Only
    Distribution Rate8.07%
    Distribution Amount$0.1056
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund normally invests at least 80% of its Managed Assets in high yield bonds, loans and other income-producing securities that are rated below investment grade by at least one credit rating agency (below Baa3 by Moodys or below either BBB- by either S&P or Fitch) or unrated but judged by the Manager or Sub-Adviser to be of comparable quality. It itends to invest in at least three different countries and to invest at least 40% of its net assets in securities of foreign companies. The Fund expects to invest primarily in high yield bonds and loans of North American and Western European corporate issuers.

    Capital Structure

    As of 3/1/2021

    Total Investment Exposure:$437.359M
    Total Common Assets:$345.909M
    Common Shares Outstanding:20,064,313
    Leverage

    As of 3/1/2021

    Preferred Share Assets:
    Total Debt (USD): $91.450M
    Regulatory Leverage (USD): $91.450M
    Effective Leverage (USD): $91.450M
    Effective Leverage (%): 20.91%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 3.00%
    Fund Management

    Fund Sponsor
    MassMutual

    Portfolio Managers
    Russell D. Morrison

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: BGH
    NAV Ticker: XBGHX
    Average Daily Volume (shares): 86,556
    Average Daily Volume (USD): $1.118M
    Inception Date: 10/26/2012
    Inception Share Price: $25.00
    Inception NAV: $23.82
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 3/1/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2020
    $0.7868
    Annualized Distribution Rate on NAV:
    As of 3/1/2021
    7.35%
    Total Return on NAV (12 months):
    As of 3/1/2021
    7.85%
    Avg. Portfolio Coupon:
    As of 3/1/2021
    8.34%
    Total % Portfolio Effectively Leveraged:
    As of 3/1/2021
    20.91%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 3/2/2021

    PeriodAvg Discount
    6 Month-10.75%
    1 Year-10.92%
    3 Year-7.93%
    5 Year-7.68%
    Z-Score

    As of 3/1/2021

    PeriodZStat
    3 Month2.06
    6 Month1.37
    1 Year0.94
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/28/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD4.60%4.46%3.35%1.56%
    2020-4.55%-0.21%1.13%3.11%
    201921.50%10.12%21.79%13.91%
    2018-9.38%-4.61%-5.54%-2.01%
    201710.48%9.45%9.77%9.23%
    201629.71%24.40%19.94%16.22%
    2015-8.20%-6.70%-4.93%-4.43%
    2014-2.10%-2.98%2.04%2.36%
    20137.24%13.95%2.61%9.80%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 2/28/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 3/1/2021
    8.34%
    Number of Holdings:
    As of 12/31/2020
    176
    Annual Portfolio Turnover:
    As of 12/31/2020
    52.25%
    Average Bond Price:
    As of 12/31/2020
    $104.57
    Asset Allocation

    As of 12/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 12/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)90.77%
    Corporate Bond81.21%
    Bank Loan8.34%
    Securitized (Super Sector)8.18%
    Asset Backed8.18%
    Convertible1.23%
    Cash Equivalents1.05%
    Cash Equivalents (Super Sector)1.05%
    Top Holdings

    As of 12/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Veritas US Inc / Veritas Bermuda Ltd 10.5%$17.21M3.71%
    Finastra (Fka Misys) Usd 2l Tlb (Apr'17)$15.64M3.37%
    CommScope Holdings Co Inc 8.25%$12.46M2.69%
    Bausch Health Companies Inc 9%$12.19M2.63%
    ACRISURE LLC / ACRISURE FIN INC 10.12%$10.99M2.37%
    Banff Merger Sub Inc 9.75%$10.46M2.26%
    First Quantum Minerals Ltd. 7.5%$10.18M2.19%
    Kenan Advantage Group, Inc. 7.88%$10.00M2.16%
    Panther BF Aggregator 2 LP / Panther Finance Company Inc 8.5%$9.74M2.10%
    Trident TPI Holdings Inc 9.25%$8.52M1.84%
    Maturity Breakdown

    As of 12/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 12/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income69.54%
    Others - Fixed Income9.38%
    United Kingdom - Fixed Income6.71%
    France - Fixed Income2.17%
    China - Fixed Income1.58%
    Netherlands - Fixed Income1.47%
    Germany - Fixed Income1.44%
    Canada - Fixed Income1.43%
    Ireland - Fixed Income1.25%
    Denmark - Fixed Income1.13%
    Belgium - Fixed Income0.76%
    Australia - Fixed Income0.57%
    Mexico - Fixed Income0.17%
    Spain - Fixed Income0.13%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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