MCI - Barings Corporate Investors

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by Barings LLC. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $355 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 28% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.3% a year in management fees; 1.7% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 55 charge a lower management fee and 17 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year the fund told the regulator that all of what it paid out came from income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $16.63. The shares traded at $18.15, about 9.1% above that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 5.7% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1994.

How this has changed

• Payouts per share: $1.68 in the fiscal year ended Dec 31, 2024; $1.42 in the year ended Dec 31, 2023; $0.32 in the year ended June 30, 2023.As of Dec 31, 2024, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of Dec 31, 2024, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 2.6% a year in the fiscal year ended Dec 31, 2024; 2.56% a year in the year ended Dec 31, 2023; 2.27% a year in the year ended June 30, 2023.As of Dec 31, 2024, from the fund's annual report. Original document →
• Size of the holdings: about $344 million at Dec 31, 2024; $340 million at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 15% on top of its own money at Dec 31, 2024; 14% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2024 →, Dec 31, 2023 →.
• The fund had about 20.4 million shares at Dec 31, 2024, up 0.7% from June 30, 2023.As of Dec 31, 2024, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2024: the shares returned +21%, counting payouts; the holdings +10.7%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +43.8%, counting payouts; the holdings +11.6%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended June 30, 2023: the shares returned +9.2%, counting payouts; the holdings +5.4%. As of June 30, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -5.7%, counting payouts; the holdings +4.3%. As of Dec 31, 2022, from the fund's annual report. Original document →
• Those two years together: the shares returned +74%. $10,000 of shares bought at the start (Jan 1, 2023) would have become about $17,400 by Dec 31, 2024, with every payout counted, before tax. As of Dec 31, 2024, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +10.9%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly loans (82%), the rest shares and bonds. About 98% issued in the U.S.

1.9% of holdings are in default.

1. Madison Air Solutions - 13.2%
2. Stackline Holdco Notes - 1.6%
3. Heartland Veterinary Ptr LLC 2021 Opco Pik Notes - 1.3%
4. Rpx Corporation 2024 Term Loan - 1.2%
5. Kid Distro Holdings LLC Term Loan - 1.2%
6. FSS Buyer LLC 2025 Term Loan - 1.1%
7. Safety Products Holdings, LLC Term Loan - 1%
8. Cloud Software Grp, Cloud Software Group Inc - 1%
9. Sara Lee Frozen Bakery LLC 2018 Term Loan - 1%
10. Bitly Inc 2025 Senior Term Loan - 0.9%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →