Barings Participation Invs:MPV

    Overview

    As of 2/15/2019. NAV as of 12/31/2018.

     Share
    Price
    NAVPremium/
    Discount
    Current$15.35$13.1816.46%
    52 Wk Avg$14.85$13.738.28%
    52 Wk High$15.75$13.9319.50%
    52 Wk Low$14.11$13.181.43%
    Regular Distribution TypeIncome Only
    Distribution Rate7.04%
    Distribution Amount$0.2700
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high total return through investment in privately traded non investment grade long term corporate debt obligations, publicly traded debt securities, convertible preferred shares and marketable equity securities

    Capital Structure

    As of 2/15/2019

    Total Net Assets:$158.436M
    Total Common Assets:$143.436M
    Common Shares Outstanding:10,493,532
    Leverage

    As of 6/30/2018

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $15.000M
    Structural Leverage (USD): $15.000M
    Structural Leverage (%): 9.44%
    Effective Leverage (USD): $15.000M
    Effective Leverage (%): 9.44%
    Annual Expense Ratios

    As of 12/31/2018

      Per Common Share
    Management Fees0.90%
    Other Expenses:0.57%
    Baseline Expense: 1.47%
    Interest Expense:0.42%
    Total: 1.89%
    Fund Management

    Fund Sponsor
    Babson Capital Management LLC

    Portfolio Managers
    Raymond Abbott (06 Oct 1988)

    Basics
    Category: Taxable Income-High Yield
    Ticker: MPV
    NAV Ticker: XMPVX
    Average Daily Volume (shares): 12,000
    Average Daily Volume (USD): $0.182M
    Inception Date: 10/6/1988
    Inception Share Price:
    Inception NAV:
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 2/15/2019

    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 6/30/2018
    $0.0868
    Annualized Distribution Rate on NAV:
    As of 2/15/2019
    8.19%
    Total Return on NAV (12 months):
    As of 2/15/2019
    2.40%
    Avg. UNII Per Share:
    As of 6/30/2018
    $4.5507
    Total % Portfolio Effectively Leveraged:
    As of 2/15/2019
    9.44%

    Pricing Information

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

    As of 2/15/2019

    PeriodAvg Discount
    6 Month10.15%
    1 Year8.28%
    3 Year7.47%
    5 Year3.86%
    Z-Score

    As of 2/15/2019

    PeriodZStat
    3 Month0.90
    6 Month1.50
    1 Year2.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/15/2019
    Category: High Yield Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD1.99% 9.21%5.37%
    201815.22%2.40%-4.09%-0.64%
    20177.28%14.35%7.97%8.22%
    201611.77%8.81%20.26%16.61%
    201512.71%6.18%-7.25%-5.30%
    201410.35%11.77%1.80%1.70%
    20130.38%11.04%4.71%9.12%
    2012-5.07%15.22%10.07%21.43%
    201124.07%10.75%10.79%2.77%
    201023.04%24.31%20.83%21.26%
    200947.30%8.26%96.64%72.27%
    2008-24.91%-3.54%-42.08%-43.32%
    2007-1.90%17.91%-22.69%-12.02%
    200613.75%1.05%  
    200512.65%17.27%  
    200427.10%35.12%  
    200336.36%14.77%  
    200213.23%5.59%  
    2001-8.39%3.60%  
    200023.40%7.53%  
    1999-2.88%3.80%  
    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 2/15/2019
    Category: High Yield Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2018
    287
    Asset Allocation

    As of 12/31/2017 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2016 reported by Fund Sponsor

    Sector%Portfolio
    Debt - Corporate 89.01%
    Net Current Assets 8.40%
    Debt - Short 2.59%
    Top Holdings

    As of 9/30/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    Dpl Holding Corp Preferred Stock$0.27M 
    Merex Holding Corporation: Common Stock$0.13M 
    Wolf-Gordon, Inc.: Common Stock (B)$0.22M 
    Blue Wave Products, Inc.: Common Stock$0.23M 
    Ctm Holding, Inc.: Common Stock (B) Shs.$1.00M 
    Sm Engy 6.75% 6.75 15 Sep 2026$0.78M 
    Software Paradigms International Group, 12.50 23 Nov 2021$1.72M 
    Handi Quilter Holding Company (Premier N 12.00 19 Jun 2021$1.71M 
    Elite Sportwear Holding, Llc: 11.5% (1% 11.50 14 Jan 2022$1.51M 
    N Si Industries Holdings, Inc.: 12.75% ( 12.75 17 May 2023$1.52M 
    Whitebridge Pet Brands Holdings, Llc: 11 11.50 18 Aug 2021$1.47M 
    Country Allocation

    As of 12/31/2017 reported by Fund Sponsor

    Country% Portfolio
    USA 23.95%

    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.

    485923-INV-AN-5/19