BARINGS GLOBAL SHORT DURATION HIGH YIELD FUND (BGH)
The Barings Global Short Duration High Yield Fund is a closed-ended mutual fund focused on fixed income, primarily overseen by Barings LLC, with co-management support from Babson Capital Global Advisors Limited. This fund allocates capital to fixed income markets across the globe. Its core holdings are predominantly high-yield bonds, loans, and other income-generating instruments worldwide. Upon acquisition, these securities must possess a credit rating below Baa3 from Moody's Investors Service, Inc., or below BBB- from Standard & Poor's Rating Services. The fund's strategy mandates a weighted average portfolio duration of no more than three years, and portfolio construction relies on a bottom-up fundamental analysis approach. Its investment performance is measured against the Bank of America/Merrill Lynch Global Non-Financial High Yield Constrained Index. Established on October 25, 2012, and registered in the United States, the fund was previously known as the Babson Capital Global Short Duration High Yield Fund.
Industry: Asset Management - Global
Barings Global Short Duration High Yield Fund
NYSE:BGHFinancial Services · Asset Management - Global
+0.64%$12.67
Mkt Cap$254.44M
Float20.07M
O/S20.08M
Inst Own19.3%
SI0.2%
Div Yield11.66%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$38.22M
Net Income$20.09M
Total Assets$446.43M
Free Cash Flow$18.08M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$137.5M
Total Equity$303.02M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BGH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$446.43M
Liabilities$143.42M
Accounts Receivable$9.74M
Accounts Payable$3.96M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $38.22M | $30.85M | $27.11M | $30.82M | $34.05M | -$4.33M | $37.48M | -$14.56M | $37.28M | $17.3M | $44.02M |
| YoY Growth | 23.9% | 13.8% | -12.0% | -9.5% | -886.0% | -111.6% | -357.3% | -139.1% | 115.5% | -60.7% | - |
| Cost of Revenue | $4.37M | $7.13M | $3.97M | $4.15M | $4.88M | $4.41M | $5.78M | $6.27M | $6.26M | $4.46M | $7.57M |
| Gross Profit | $33.84M | $44.14M | $23.13M | $26.66M | $50.24M | -$8.74M | $31.7M | -$20.83M | $31.03M | $12.84M | $36.45M |
| Gross Margin | 88.6% | 143.1% | 85.3% | 86.5% | 147.5% | 201.8% | 84.6% | 143.0% | 83.2% | 74.2% | 82.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $1.06M | $1.08M | $1.05M | $873K | $797K | $916K | $997K | $1.05M | $0 | $0 |
| Other | $7.78M | $1.02M | $1.04M | $583K | -$156K | -$5.4M | $46K | $0 | $0 | -$294K | $255K |
| Total Operating Expenses | $7.78M | $2.08M | $2.12M | $1.63M | $717K | -$4.6M | $963K | $997K | $1.05M | -$294K | $255K |
| Operating Income (EBIT) | $26.07M | $49.53M | $54.26M | -$42.92M | $50.63M | -$1.55M | $36.52M | -$10.32M | $39.37M | $12.54M | $36.2M |
| Operating Margin | 68.2% | 160.5% | 200.2% | -139.3% | 148.7% | 35.8% | 97.4% | 70.9% | 105.6% | 72.5% | 82.2% |
| Interest Expense | $6.56M | $7.13M | $6.11M | $2.54M | $1.18M | $1.65M | $4.93M | $5.24M | $3.14M | $0 | $1.58M |
| Interest Income | $40.47M | $41.98M | $40.92M | $37.45M | $37.7M | $38.38M | $48.99M | $49.98M | $49.12M | $0 | $0 |
| Other Income (Expense) | -$5.98M | -$7.47M | -$6.56M | -$4.29M | -$1.11M | -$3.59M | $0 | -$5.24M | $4.82M | $74.79M | -$62.99M |
| Income Before Tax (EBT) | $20.09M | $42.06M | $47.7M | -$47.2M | $49.52M | -$5.14M | $36.52M | -$15.56M | $36.23M | $85.28M | -$26.79M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $390K | $0 | $0 | $0 | $0 | $0 |
| Net Income | $20.09M | $42.06M | $47.7M | -$47.2M | $49.52M | -$5.53M | $36.52M | -$15.56M | $36.23M | $85.28M | -$26.79M |
| Net Income Margin | 52.6% | 136.3% | 176.0% | -153.2% | 145.4% | 127.6% | 97.4% | 106.8% | 97.2% | 492.9% | -60.9% |
| Supplementary Data | |||||||||||
| EPS | 1.00 | 2.10 | 2.38 | -2.35 | 2.47 | -0.28 | 1.82 | -0.78 | 1.81 | 4.25 | -1.34 |
| Diluted EPS | 1.00 | 2.10 | 2.38 | -2.35 | 2.47 | -0.28 | 1.82 | -0.78 | 1.81 | 4.25 | -1.34 |
| Weighted Average OS | 20.08M | 20.03M | 20.06M | 20.06M | 20.06M | 20.06M | 20.06M | 19.95M | 20.02M | 20.06M | 20.06M |
| EBITDA | $26.65M | $49.53M | $54.26M | -$42.69M | $50.87M | -$1.55M | $36.52M | -$11.53M | $37.34M | $12.54M | $36.2M |
| EBITDA Margin | 69.7% | 160.5% | 200.2% | -138.5% | 149.4% | 35.8% | 97.4% | 79.2% | 100.2% | 72.5% | 82.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $9.74M | $13.2M | $14.65M | $5.41M | $4.79M | $2.05M | $4.56M | $7.06M | $7.7M | $1.53M | $33.11M |
| Short-Term Investments | $0 | $8.71M | $6.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.74M | $21.91M | $21.63M | $5.41M | $4.79M | $2.05M | $4.56M | $7.06M | $7.7M | $1.53M | $33.11M |
| Accounts Receivable | $9.74M | $12.94M | $10.75M | $10.24M | $10.84M | $11.56M | $10.77M | $9.38M | $9.44M | $14.32M | $10.12M |
| Inventory | $0 | $0 | $0 | $17.32M | $19.28M | $13.69M | $15.36M | $16.51M | $17.65M | $0 | $0 |
| Other Current Assets | $0 | -$26.55M | -$6.9M | -$17.32M | -$19.28M | -$27.3M | -$15.36M | -$16.51M | -$17.65M | -$15.85M | -$43.24M |
| Total Current Assets | $19.49M | $8.29M | $25.48M | $15.65M | $15.63M | $0 | $15.33M | $16.45M | $17.14M | $0 | $0 |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $426.79M | $980K | $395.03M | $383.6M | $483.99M | $458.97M | $504.48M | $511.89M | $560.38M | $0 | $476.39M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $159K | $452.49M | $6.98M | $393.73M | $494.83M | $0 | $0 | -$511.89M | -$560.38M | $14K | $9K |
| Total Long-Term Assets | $426.95M | $453.47M | $402.01M | $383.6M | $483.99M | $458.97M | $504.48M | $511.89M | $560.38M | $0 | $0 |
| Other Assets | $0 | $13.11M | $0 | $27K | $33K | $472.59M | $0 | $50K | $27K | $564.36M | $519.63M |
| Total Assets | $446.43M | $474.87M | $427.49M | $399.28M | $499.65M | $472.59M | $519.81M | $528.39M | $577.54M | $564.36M | $519.63M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $3.96M | $11.28M | $9.75M | $2.2M | $6.68M | $650K | $3.67M | $2.97M | $7.68M | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $1.02M | $1.04M | $1.02M | $600K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$1.35M | $0 | -$1.31M | -$957K | -$328K | -$433K | -$3.43M | -$8.16M | $0 | $0 |
| Total Current Liabilities | $5.01M | $11.28M | $11.08M | $2.2M | $6.68M | $650K | $3.67M | $2.97M | $7.68M | $0 | $0 |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $137.5M | $144.5M | $109.5M | $108.5M | $132.5M | $135.95M | $0 | $0 | $0 | $141.9M | $133.5M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.92M | $2.16M | $0 | $2.53M | $0 | $0 | $0 | $0 | $0 | $3.85M | $15.71M |
| Total Long-Term Liabilities | $143.42M | $146.66M | $109.5M | $111.03M | $132.5M | $135.95M | $147.2M | $157.2M | $150.2M | $145.75M | $149.21M |
| Other Liabilities | $0 | $0 | $1.93M | $108.83M | $1.8M | $138.02M | $1.28M | $1.52M | $1.75M | $0 | $0 |
| Total Liabilities | $143.42M | $157.93M | $122.51M | $113.23M | $140.98M | $138.02M | $152.16M | $161.7M | $159.62M | $145.75M | $149.21M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $201 | $201 | $201 | $201 | $201 | $201 | $201 | $201 | $201 | $201 | $201 |
| Retained Earnings | -$161.3M | -$147.83M | -$160.8M | -$180.78M | -$109.16M | -$133.86M | -$101.18M | -$102.07M | -$20K | -$2.79M | -$2.13M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$50.82M | -$51.52M | -$105.34M |
| Other Stockholders' Equity | $464.31M | $464.76M | $465.78M | $466.82M | $467.84M | $468.44M | $468.83M | $468.76M | $417.94M | $421.4M | $372.54M |
| Total Equity | $303.02M | $316.94M | $304.98M | $286.04M | $358.67M | $334.58M | $367.65M | $366.69M | $417.92M | $418.61M | $370.42M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $446.43M | $474.87M | $427.49M | $399.28M | $499.65M | $472.59M | $519.81M | $528.39M | $577.54M | $564.36M | $519.63M |
| Supplementary Data | |||||||||||
| Total Debt | $137.5M | $144.5M | $109.5M | $108.5M | $132.5M | $135.95M | $147.2M | $157.2M | $150.2M | $141.9M | $133.5M |
| Net Debt | $127.76M | $131.3M | $94.85M | $103.09M | $127.71M | $133.9M | $142.64M | $150.14M | $142.5M | $140.37M | $100.39M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $20.09M | $42.06M | $47.7M | -$47.2M | $49.52M | -$5.53M | $36.52M | -$15.56M | $36.23M | $85.28M | -$26.79M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | -$1.39M | $0 | -$1.21M | -$2.03M | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$837K | $114K | -$181K | $594K | $729K | -$794K | -$1.39M | $52K | $4.88M | -$4.2M | $3.36M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$11K | $36K | $5K | -$4.54M | $4.01M | $114K | $333K | -$4.62M | $4.57M | -$7.1M | $4.62M |
| Other Working Capital | -$235K | -$194K | -$60K | $1.07M | $245K | -$272K | $534K | -$41K | $87K | -$93K | $63K |
| Total Working Capital Change | -$1.08M | -$43K | -$237K | -$2.87M | $4.98M | -$953K | -$518K | -$4.61M | $9.54M | -$11.38M | $8.04M |
| Other Non-Cash Items | -$928K | -$48.7M | -$21.09M | $98.14M | -$21.35M | $47.07M | $7.05M | $49.52M | -$8.9M | -$19.01M | $67.82M |
| Net Cash from Operating | $18.08M | -$6.68M | $26.37M | $48.06M | $33.15M | $39.2M | $43.05M | $28.14M | $34.85M | $43.59M | $57.04M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$223.02M | -$295.45M | -$203.76M | -$140.59M | -$257.18M | -$173.52M | -$268.96M | -$282.72M | -$212.08M | -$259.17M | -$209.05M |
| Sales of Investments | $242.49M | $261.9M | $197.72M | $158.71M | $252.72M | $184.59M | $275.26M | $273.28M | $206.36M | $219.51M | $226.54M |
| Other Investing Activities | $0 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $19.47M | -$33.54M | -$6.04M | $18.12M | -$4.46M | $11.06M | $6.3M | -$9.44M | -$5.72M | -$39.66M | $17.49M |
| Financing Activities | |||||||||||
| Debt Repaid | $7M | -$35M | -$1M | $24M | $3.45M | $11.25M | $10M | -$7M | -$8.3M | - | - |
| Common Stock Issuance | $283K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$34.29M | -$29.77M | -$28.76M | -$25.43M | -$23.38M | -$30.45M | -$35.56M | -$35.78M | -$36.92M | -$41.65M | -$51.52M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.4M | -$20M |
| Net Cash from Financing | -$41.01M | $5.23M | -$27.76M | -$49.43M | -$26.83M | -$41.7M | -$45.56M | -$28.78M | -$28.62M | -$33.25M | -$71.52M |
| Forex Effect | $0 | $79K | $15M | -$18.12M | $4.46M | -$11.06M | -$6.3M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.46M | -$1.45M | $7.57M | -$1.37M | $6.32M | -$2.5M | -$2.51M | -$638K | $6.22M | -$29.32M | $3.01M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $18.08M | -$6.68M | $35.33M | $48.06M | $33.15M | $39.2M | $43.05M | $28.14M | $34.85M | $43.59M | $57.04M |
| Capital Expenditure | -$5 | $0 | $3 | $3 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $18.08M | -$6.68M | $35.33M | $48.06M | $33.15M | $39.2M | $43.05M | $28.14M | $34.85M | $43.59M | $57.04M |
| Cash at Beginning | $13.2M | $14.65M | $7.08M | $8.45M | $2.12M | $4.56M | $7.06M | $7.7M | $1.48M | $30.85M | $30.1M |
| Cash at End | $9.74M | $13.2M | $14.65M | $7.08M | $8.45M | $2.05M | $4.56M | $7.06M | $7.7M | $1.53M | $33.11M |