The Babson Capital Global Short Duration High Yield Fund (NYSE:BGH) has been in existence since 10/25/2012 and has returned 5.18%/year on net asset value, 1.52% on market price. It currently trades at a 6.72% discount to net asset value. Weighted duration of the portfolio is 2.31 years and the current yield is 9.96%, paid monthly.
Babson Capital manages 2 other closed-end funds. Babson Capital Participation Investors (NYSE:MPV) was started in 1988 and has returned 11.42% per year since inception. Unfortunately, it trades at a substantial premium to net asset value. Babson Capital Corporate investors (NYSE:MCI) was started in 1971 and has returned 12.9%/year since inception. It also trades at a premium to net asset value.
Great long-term asset managers + discounted portfolio = "An edge for the retail investor"
Link to BGH website
William "David" Wedeking - President of Jade Reserves, Inc. and publisher of Sensible Speculation
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