CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Barings BDC, Inc. (BBDC)

BDC - Debt Focused BDC

Data as of Jan. 20, 2022
Market Price $10.67 (- $0.11)
NAV (Sept. 30, 2021) $11.02 ( $0.00)
Premium / Discount -3.18% (-1.00%)
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
Capital & Leverage
Outstanding Shares 65,316,085
Total Assets (Reported: Sept. 30, 2021) $1,799M
Estimated Total Assets $1,698M
Net Assets $720M
Market Cap $697M
Portfolio Turnover 46.17%
Debt-to-Equity 1.3922
Total Leverage 57.62%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 10.92%
Non Lev Exp Ratio 6.52%
Gross Asset Expense Ratio 4.47%
Gross Asset Non Lev Exp Ratio 2.67%
Rel Lev Cost 3.13%
Discount Data
Average Discount (3 Yr) -13.20%
Discount Low(3 Yr) -54.20%
Discount High(3 Yr) 4.08%
Discount Rel Range 87.54%
Comp Discount -4.07
Discount St Dev (1Yr) 4.92
Z-Stat (6mo) -0.44
Z-Stat (1Yr) 0.44
Z-Stat (3Yr) 1.17
Comp Z-Stat (6mo) -0.16
Comp Z-Stat (3Yr) 0.55
Distribution Data
Market Yield 8.25%
Income Yield 8.25%
Lev Adj NAV Yield 5.07%
Av Yield on Debt Investments 7.30
Distribution Frequency Q
Current Distribution $0.220
Current Income $0.220
Ex-Date 11/23/21
Payable Date 12/1/21
Div Growth (3yr) 120.00%
Dividend Change 4.8% on 11/9/21
Expected Div 2/9/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020 2018 - 2020
Income 100% 98.7%
ST Gains 0% 0%
QDI 0% 1.1%
LT Gains 0% 0%
RoC 0% 1.3%
Volume & Liquidity
Average Daily $ (M) $2,053
Avg Volume 30 day 141,841
Avg Volume 90 day 192,426
Volume Trend -26.29%
Comp Volume Trend -22.48%
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): CGBD 71.0%
Price St Dev (1Yr) 14.8%
NAV St Dev (1Yr) 4.2%
Earnings / Share (9/30/21) $0.227
Adj Core NII Coverage 103.39%
1 Yr Avg NII Coverage 98.45%
1 Yr Avg Adj Core NII Coverage 98.45%
NII Trend 24.71%
Adj Core NII Trend 24.71%
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 % 1.00%
% Loans with Libor Floor 83%


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.