CEF Advisors AICA Event NAVigator Podcast

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Barings Participation Investors (MPV)

Taxable Bond Funds - High Yield Bond Funds

Data as of April 22, 2024
Market Price $15.42 (- $0.02)
NAV (Dec. 31, 2023) $15.41 ( $0.00)
Fund Listed NYSE
Premium / Discount 0.06% (-0.13%)
Fund Info
Inception Oct. 6, 1988
Sponsor Barings
Website https://www.barings.co...
Phone 1-877-766-0014
Location North Carolina
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: High total return; privately placed, below-investment grade, long-term corporate debt and publicly traded debt securities
Related Indexes
US Bond Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 10,601,700
Total Assets (Reported: Dec. 31, 2023) $190M
Estimated Total Assets $185M
Net Assets $163M
Market Cap $163M
Portfolio Turnover 5.00%
Total Leverage 11.67%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.66%
Non Lev Exp Ratio 1.90%
Rel Lev Cost 5.59%
Discount Data
Average Discount (3 Yr) -11.07%
Discount Low(3 Yr) -26.99%
Discount High(3 Yr) 5.52%
Discount Rel Range (3 Yr) 83.23%
Comp Discount 6.14
Discount St Dev (1Yr) 8.21
Z-Stat (6mo) 0.47
Z-Stat (1Yr) 1.15
Z-Stat (3Yr) 1.61
Comp Z-Stat (6mo) -0.02
Comp Z-Stat (3Yr) 1.53
Distribution Data
Market Yield 9.08%
Income Yield 9.08%
Lev Adj NAV Yield 8.14%
Distribution Frequency Q
Current Distribution $0.350
Current Income $0.350
Ex-Date 12/28/23
Payable Date 1/19/24
Div Growth (3yr) 75.00%
Dividend Change 2.9% on 12/14/23
Expected Div 3/15/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 96.2% 98.7%
ST Gains 0% 0%
QDI 0.1% 0.6%
LT Gains 3.8% 1.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $338
Avg Volume 30 day 15,331
Avg Volume 90 day 21,930
Volume Trend -30.09%
Comp Volume Trend -31.28%
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 High Yield Bond Index
Most Correlated Peer (Mk Pr): MCI 62.0%
NAV - Price Correlation (30 d) 0.0%
NAV - Price Correlation (90 d) 0.0%
NAV - Price Correlation (1 Yr) -32.4%
Price St Dev (1Yr) 20.2%
NAV St Dev (1Yr) 2.0%
Earnings / Share (12/31/23) $0.333
Earn Coverage 95.11%
Earnings Trend Down
UNII / Share (12/31/23) $0.976
Rel UNII 69.70
UNII Trend Down
Bond Specific Data
Maturity 4.25
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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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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