Barings Corporate Investors:MCI

    Manage Alerts

    Overview

    As of 9/25/2020. NAV as of 3/31/2020.

     Share
    Price
    NAVPremium/
    Discount
    Current$12.37$14.38-9.71%
    52 Wk Avg$14.76$14.660.46%
    52 Wk High$17.33$15.3413.77%
    52 Wk Low$7.58$13.90-38.32%
    Regular Distribution TypeIncome Only
    Distribution Rate7.76%
    Distribution Amount$0.2400
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To maintain a portfolio of securities providing a fixed yield and offering an opportunity for capital gains. The principal investments are privately placed, below-investment grade, long-term corporate debt obligations with equity features such as warrants, conversion rights and occasionally, preferred shares. It typically purchases these investments, which are not publicly tradable, directly from their issuers. It may also temporarily invest in marketable investment grade debt securities.

    Capital Structure

    As of 9/25/2020

    Total Investment Exposure:$419.961M
    Total Common Assets:$389.961M
    Common Shares Outstanding:28,054,782
    Leverage

    As of 9/24/2020

    Preferred Share Assets:
    Total Debt (USD): $30.000M
    Regulatory Leverage (USD): $30.000M
    Effective Leverage (USD): $30.000M
    Effective Leverage (%): 7.14%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees1.24%
    Other Expenses:1.28%
    Baseline Expense: N/A
    Interest Expense:0.35%
    Total: 2.87%
    Fund Management

    Fund Sponsor
    MassMutual

    Portfolio Managers
    Raymond Abbott

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: MCI
    NAV Ticker: XMCIX
    Average Daily Volume (shares): 26,391
    Average Daily Volume (USD): $0.371M
    Inception Date: 9/1/1971
    Inception Share Price: $25.00
    Inception NAV: $23.50
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 9/25/2020

    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
    $0.3807
    Annualized Distribution Rate on NAV:
    As of 9/25/2020
    6.91%
    Total Return on NAV (12 months):
    As of 9/25/2020
    -0.16%
    Avg. Portfolio Coupon:
    As of 9/25/2020
    7.83%
    Total % Portfolio Effectively Leveraged:
    As of 9/25/2020
    7.14%

    Pricing Information

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

    As of 9/25/2020

    PeriodAvg Discount
    6 Month-6.53%
    1 Year0.46%
    3 Year1.91%
    5 Year7.05%
    Z-Score

    As of 9/25/2020

    PeriodZStat
    3 Month-2.31
    6 Month-0.66
    1 Year-1.00
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-19.82%-5.64%-7.65%-3.50%
    201923.78%13.80%21.79%13.91%
    20184.29%3.00%-5.54%-2.01%
    20176.76%15.84%9.77%9.23%
    2016-3.21%10.27%19.94%16.22%
    201514.98%3.96%-4.93%-4.43%
    201415.46%12.51%2.04%2.36%
    20135.97%12.95%2.61%9.80%
    2012-8.07%15.62%16.41%20.47%
    201127.77%12.31%11.14%4.54%
    201031.76%19.86%19.84%18.51%
    200943.15%12.99%72.15%54.64%
    2008-29.82%-10.67%-39.79%-40.39%
    2007-5.78%8.29%  
    200625.31%24.06%  
    200514.18%9.16%  
    200435.79%22.68%  
    200328.01%24.37%  
    20021.91%4.88%  
    20012.39%6.06%  
    200016.51%5.97%  
    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 8/31/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 3/31/2020
    7.83%
    Number of Holdings:
    As of 6/30/2020
    259
    Annual Portfolio Turnover:
    As of 12/31/2019
    21.00%
    Average Bond Price:
    As of 6/30/2020
    $94.89
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)80.34%
    Bank Loan53.87%
    Corporate Bond24.74%
    Cash Equivalents (Super Sector)12.18%
    Cash Equivalents12.18%
    Preferred Stock1.73%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Sunrise Windows Llc 16% 05/28/2021$5.31M1.66%
    Graphpad Software Inc. Unitranche Term Loan$4.81M1.50%
    Bdp International Inc. Term Loan$4.70M1.47%
    Holley Purchaser Inc. Term Loan B$4.52M1.41%
    Discovery Education Term Loan$4.52M1.41%
    Trident Tpi Holdings Inc Unitranche Term Loan$4.49M1.40%
    Filtration Group Equity Llc Unit Class B-1$4.09M1.28%
    Rep Wwex Acquisition Parent Llc 2nd Lien Term Loan$4.07M1.27%
    Trystar Inc. Term Loan$4.06M1.27%
    Rock-It Cargo 2018 Term Loan$3.98M1.24%
    Maturity Breakdown

    As of 6/30/2020 reported by Fund Sponsor

    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.

    EWB-1014244PR-E1119W