Business Description
Managed by Barings LLC and co-managed by Babson Capital Global Advisors Limited, this US-based closed-end fund focuses on high-yield fixed income investments from around the world. It targets bonds, loans, and other income-generating securities rated below investment grade by Moody's or Standard & Poor's, while keeping the average duration of its holdings to three years or less. The fund uses detailed company-level research to build its portfolio and measures its results against the Bank of America/Merrill Lynch Global Non-Financial High Yield Constrained Index.
