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CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for September 2024 of $0.1056 per share, payable on October 1, 2024. Based on the Fund's August 30, 2024 share price of $15.11 per share, the dividend represents an annualized yield of 8.39% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. In addition, the Fund.
Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.
Many investors oversimplify the investment process with respect to duration by thinking about the concept on a single spectrum. They also focus overly on today's yield rather than considering reinvestment risk as well as capital gains consequences. We discuss two of these investment process shortcomings and highlight a number of attractive holdings in the context of the current market environment.
Barings Global Short Duration High Yield Fund offers exposure to high-yield bonds and loans with a focus on short duration. BGH continues to trade at an attractive discount, with a well-covered distribution that's paid monthly to investors. Given the strong distribution coverage with a modest NAV rate, the fund could increase its distribution or pay a year-end special.
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for June 2024 of $0.1056 per share, payable on July 1, 2024. Based on the Fund's May 31, 2024 share price of $14.19 per share, the dividend represents an annualized yield of 8.93% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. In addition, the Fund announced e.
BGH: The Corinthia Corporate Raid Could Damage This Credit Fund, Buyer Beware
Barings Global Short Duration High Yield Fund offers a fully covered double-digit distribution yield and trades at a double-digit discount. The fund's focus on shorter durations has helped its performance compared to other fixed-income investments during the current rate environment. BGH's portfolio has a higher allocation to lower credit quality issuers, but its diversified exposure and discounted portfolio reflect some of the heightened credit risk.
Barings Global Short Duration High Yield Fund is a closed end fund focused on fixed income. The CEF invests in debentures and loans with a global mandate.
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
The current high-yield corporate bond market landscape allows investors to achieve a similar level of yield for different levels of duration. This means that, unlike in typical market environments, investors who want to run a shorter-duration bond exposure aren't leaving any yield on the table.