EN United States Financial Advisor

Barings Corporate Investors

(Ticker:MCI)

News & Events
NAV
as of 09/30/2019
USD 15.340
Share Price
as of 09/30/2019
$16.86
Distribution Rate1
(Share Price)

as of 09/30/2019
7.70%
Number of Issuers
as of 09/30/2019
139 issuers

About the Fund

First offered to the public in 1971, Barings Corporate Investors (MCI) seeks to provide a consistent yield while at the same time offering an opportunity for capital gains. MCI’s principal investments are in the privately placed, below-investment grade, long-term debt obligations of companies primarily domiciled in the U.S. These direct placement securities may in some cases be accompanied by equity features such as warrants, conversion rights and occasionally preferred stocks. We typically purchase these investments directly from their issuers, who tend to be smaller companies, and may also temporarily invest in marketable investment-grade and other debt securities (including high yield) and common stocks. MCI is managed on a total return basis, and distributes substantially all of its net income each year in the form of quarterly dividends.

1The Distribution Rate is based on the Fund’s most recent quarterly distribution, annualized and divided by the Fund’s quarter-end Share Price or NAV.

Strategy

Fund invests principally in privately placed, below-investment grade, long-term debt obligations and often accompanied by equity features, purchased directly from their issuers and sourced through Barings extensive deal network of private equity sponsors.

Fund Information

Primary Exchange NYSE
Ticker MCI

Fund Data

as of 09/30/2019
Net Asset Value (NAV) $15.34
Total Net Assets $309,723,333
Premium / (Discount) to NAV 9.91%
Dividend Frequency N/A

Definitions: Net Asset Value (NAV) is total assets less total liabilities, divided by the number of shares outstanding. Share Price is the closing price of a closed-end fund on the New York Stock Exchange (NYSE), as of the trading day noted. Premium/Discount is the percent difference between the Share Price and the NAV. There is no guarantee that you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transactions costs in the secondary market.

Performance

Fund Performance

QTR YTD 1 Year 3 Years 5 Years 10 Years Since Inception
NAV 2.32% 10.06% 8.66% 9.70% 9.43% 12.24% 12.46%
Share Price 9.81% 19.18% 19.12% 7.63% 10.36% 11.85% 12.52%

Calendar Year Total Returns

Annualized Total Returns

as of 09/30/2019

Share Price and NAV History

as of 09/30/2019

Premium / Discount History

as of 09/30/2019

Before investing you should consider carefully the Fund's investment objectives, risks, charges and expenses. 

Distributions

Distribution History

Ex Date Record Date Payable Date Amount
11/01/2019 11/04/2019 11/15/2019 $0.3000
08/02/2019 08/05/2019 08/16/2019 $0.3000
05/03/2019 05/06/2019 05/17/2019 $0.3000
12/28/2018 12/31/2018 01/11/2019 $0.3000

Download Distribution History

Distribution Rate

as of 09/30/2019
Share Price 7.70%
NAV 7.80%

IPO Information

Date 09/01/1971
Share Price $25.00
CUSIP 05617K109
Ticker MCI

Before investing you should consider carefully the Fund's investment objectives, risks, charges and expenses.  

Portfolio as of 09/30/2019

Portfolio Assets Composition

Top 10 Holdings

Holding % of Assets
NSI INDUSTRIES HOLDINGS, INC. 2.28%
SR SMITH LLC 1.87%
BCC SOFTWARE, INC. 1.66%
FGI EQUITY LLC 1.63%
BDP INTERNATIONAL, INC. 1.57%
ROCK-IT-CARGO 1.57%
GRAPHPAD SOFTWARE, INC. 1.57%
HOLLEY PERFORMANCE PRODUCTS 1.55%
DISCOVERY EDUCATION 1.50%
ROBERTS-GORDON LLC 1.49%
Total 16.69%

Holdings are subject to change.

Top 10 Moody's Industries

Industry % of Assets
TECHNOLOGY 15.37%
DIVERSIFIED MANUFACTURING 11.98%
INDUSTRIAL OTHER 8.98%
TRANSPORTATION SERVICES 7.72%
FOOD & BEVERAGE 6.75%
HEALTHCARE 6.26%
CONSUMER PRODUCTS 6.08%
AEROSPACE & DEFENSE 5.70%
AUTOMOTIVE 5.49%
BUILDING MATERIALS 4.53%
Total 78.86%

Percentage of assets including cash are expressed by fair value of private assets and fair market value of public assets, and will vary over time.

Before investing you should consider carefully the Fund's investment objectives, risks, charges and expenses. 

Documents

PAST PERFORMANCE IS NOT NECESSARILY INDICIATIVE OF FUTURE RESULTS. Current performance may be lower or higher than the performance data quoted. The share value and net asset value (NAV) will fluctuate with market conditions. Shares of closed-end investment companies frequently trade at a discount from their net asset value. All returns 1-year or less are cumulative.

Investment return, price, yields and NAV will fluctuate with changes in market conditions. At the time of sale, your shares may have a share price that is above or below net asset value, and may be worth more or less than your original investment. There is no assurance that a fund will meet its investment objective. The Fund is actively managed and its composition will vary. Fund details, holdings and characteristics are as of the date noted and subject to change.

Definitions: Net Asset Value (NAV) is total assets less total liabilities, divided by the number of shares outstanding. Share Price is the closing price of a closed-end fund on the New York Stock Exchange (NYSE), as of the trading day noted. Premium/Discount is the percent difference between the Share Price and the NAV. There is no guarantee that you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transactions costs in the secondary market. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. The Fund invests in privately-placed below-investment grade, long-term corporate debt obligations, which are subject to credit risk (the risk that an issuer won’t make timely payments of principal and interest) and liquidity risk (the risk that the Fund’s investments may be difficult to sell at an advantageous time or price); high yield debt obligations, commonly referred to as below-investment grade obligations or “junk bonds,” which are subject to credit risk and market risk (the risk that the value of the Fund’s investments may fall, sometimes rapidly or unpredictably, as a result of increasing interest rates or otherwise); and equity securities, including preferred stocks, warrants and rights, and limited partnership interests, which may have exposure to higher levels of volatility and market and issuer-specific risk. The Fund may trade at a discount to its net asset value and is subject to anti-takeover provisions that may delay, defer or prevent a transaction or a change in control that might otherwise be in the best interests of Fund shareholders. Before investing you should consider carefully the Fund’s investment objectives, risks, charges and expenses. 

Investment products are not insured by FDIC or any federal government agency, may lose value, and are not a deposit or guaranteed by any bank or any bank affiliate.
 
Click here to review a Reporting Person’s Section 16 filings. The link will take you to the SEC ‘s web site. 

 

Click here to report Complaints or Concerns Regarding Accounting or Auditing Matters via the service provider’s website. Additional reporting options can be found under Fund Documents.

 

Portfolio Managers

Sean Feeley, CFA

Sean Feeley, CFA

Robert Shettle, CFA

Robert Shettle, CFA

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