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Barings BDC, Inc. (BBDC)

BDC - Debt Focused BDC

Data as of Jan. 26, 2023
Market Price $8.60 (+ $0.06)
NAV (Sept. 30, 2022) $11.28 ( $0.00)
Fund Listed NYSE
Premium / Discount -23.76% (+0.53%)
Fund Info
Inception Feb. 15, 2007
Sponsor Barings
Website https://ir.barings.com/
Phone (919) 719-4784
Location North Carolina
Incorporated Maryland
Staggered Board Yes
Objective: Current income and capital appreciation, primary focus on mezzanine financing with equity components for lower middle market companies.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 108,831,838
Total Assets (Reported: Sept. 30, 2022) $2,646M
Estimated Total Assets $2,544M
Net Assets $1,228M
Market Cap $936M
Portfolio Turnover 49.93%
Debt-to-Equity 1.1152
Total Leverage 51.74%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 9.73%
Non Lev Exp Ratio 4.47%
Gross Asset Expense Ratio 4.29%
Gross Asset Non Lev Exp Ratio 1.97%
Rel Lev Cost 4.48%
Discount Data
Average Discount (3 Yr) -14.68%
Discount Low(3 Yr) -54.20%
Discount High(3 Yr) 0.61%
Discount Rel Range (3 Yr) 55.54%
Comp Discount -14.97
Discount St Dev (1Yr) 6.87
Z-Stat (6mo) -0.64
Z-Stat (1Yr) -1.13
Z-Stat (3Yr) -1.01
Comp Z-Stat (6mo) -1.05
Comp Z-Stat (3Yr) -1.15
Distribution Data
Market Yield 11.16%
Income Yield 11.16%
Lev Adj NAV Yield 5.61%
Av Yield on Debt Investments 8.60
Distribution Frequency Q
Current Distribution $0.240
Current Income $0.240
Ex-Date 12/6/22
Payable Date 12/14/22
Div Growth (3yr) 60.00%
Dividend Change 4.3% on 5/5/22
Expected Div 2/7/23
RoC (1yr) 0.00%
RoC (3yr) 1.04%
Tax Dividend Data 2021 2019 - 2021
Income 96.9% 99.0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 3.1% 1.0%
Volume & Liquidity
Average Daily $ (K) $3,922
Avg Volume 30 day 451,274
Avg Volume 90 day 455,998
Volume Trend -1.04%
Comp Volume Trend 3.91%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): BCSF 83.0%
Price St Dev (1Yr) 22.8%
NAV St Dev (1Yr) 6.0%
Earnings / Share (9/30/22) $0.256
Adj Core NII Coverage 106.81%
1 Yr Avg NII Coverage 99.92%
1 Yr Avg Adj Core NII Coverage 99.92%
NII Trend 35.30%
Adj Core NII Trend 35.30%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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