MCI: A Great Fund For The Long Term, But Has Outrageously High Premium

2025-07-20 08:30:00 ET

Introduction:

Barings Corporate Investors ( MCI ) is a closed-end fund with over 50 years of history. The fund was incepted in August 1971. What makes this fund special is not only its long history but its consistently high performance in its category over the years. The fund primarily invests in privately placed, below-investment-grade, long-term debt obligations. Also, in most cases, these debt investments are accompanied by equity features directly purchased from their issuers. These debt investments provide the fund with regular income, while the equity feature provides scope for capital appreciation. The fund gets the added advantage of Barings' extensive deal network of private equity sponsors....

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