BKLN - BGH: Fully Covered Distribution And Attractive Discount
2024-06-21 09:07:51 ET
Summary
- 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.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Barings Global Short Duration High Yield Fund ( BGH ) provides investors exposure to a diversified portfolio of high-yield bonds and loans. It puts an emphasis on seeking a short duration, as its name would imply. That can keep the closed-end fund's interest rate sensitivity relatively more minimal-in a high-yield portfolio, it is already generally more limited anyway....
BGH: Fully Covered Distribution And Attractive Discount