Captrust Financial Advisors Exits Position in Babson Capital Glbl Shrt Drtn Hgh Yld Fd (BGH)

Babson Capital Glbl Shrt Drtn Hgh Yld Fd (BGH) : Captrust Financial Advisors has sold out all of its stake in Babson Capital Glbl Shrt Drtn Hgh Yld Fd during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 4,000 shares of Babson Capital Glbl Shrt Drtn Hgh Yld Fd which is valued at $74,280.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in BGH in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 12,521 shares of Babson Capital Glbl Shrt Drtn Hgh Yld Fd which is valued at $232,515. Babson Capital Glbl Shrt Drtn Hgh Yld Fd makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Shaker Financial Services reduced its stake in BGH by selling 123,450 shares or 56.05% in the most recent quarter. The Hedge Fund company now holds 96,788 shares of BGH which is valued at $1,791,546. Babson Capital Glbl Shrt Drtn Hgh Yld Fd makes up approx 1.21% of Shaker Financial Services’s portfolio. Davenport Co added BGH to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $184,527.Creative Planning reduced its stake in BGH by selling 1,631 shares or 57.59% in the most recent quarter. The Hedge Fund company now holds 1,201 shares of BGH which is valued at $21,942. North Star Investment Management Corp. added BGH to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $14,616.

Babson Capital Global Short Duration High Yield Fund is a non-diversified closed-end fund. The Fund’s primary investment objective is to seek as high a level of current income as the Adviser determines is consistent with capital preservation. The Fund seeks capital appreciation as a secondary investment objective. Under normal market conditions the Fund will invest at least 80% of its Managed Assets in bonds loans and other income-producing instruments that are at the time of purchase rated below investment grade or below BBB-by either Standard & Poor’s Rating Services a division of the McGraw-Hill Company Inc. (S&P) or Fitch Inc. (Fitch) or unrated. Babson Capital Management LLC acts as the adviser for the Fund. Babson Capital Global Advisers Limited is the sub-adviser of the Fund.

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