Barings Participation Investors

Ticker

MPV

Share Price

USD 16.84

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Annual Report

Total Net Assets

$170,644,513

Premium / (Discount) to NAV

6.5%

NAV

USD 15.81

Primary Exchange

NYSE

About the Fund

First offered in 1988, Barings Participation Investors’ investment objective  is to maximize total return by providing a high level of current income, the potential for income growth and capital appreciation.

The principal investments are privately placed, below-investment-grade corporate debt obligations purchased directly from their issuers, which tend to be smaller companies domiciled in U.S. We also invest in publicly traded debt securities (including high yield) and in convertible preferred stocks and, subject to certain limitations, readily marketable equity securities. In addition to these equity securities, we may invest in high-quality, other readily marketable securities. 

We manage the Fund on a total return basis and distribute substantially all of its net income to each year via quarterly dividends.

Strategy

Fund invests primarily in privately placed, below-investment grade debt obligations purchased directly from their issuers and often accompanied by equity features, with additional allocations to publicly traded debt securities, including high yield securities.

Inception Date

Dividend Reinvestment

Yes

As of 12/31/2025

Calendar Year Total Returns

Year Share Price Net Assets per Share (NAV)
2004 25.77 25.14
2005 17.25 22.51
2006 16.81 18.64
2007 -1.3 9.95
2008 -25.36 -6.01
2009 40.86 7.6
2010 22.94 18.71
2011 24.16 10.56
2012 -4.54 15.89
2013 0.47 10.97
2014 12.54 13.61
2015 12.66 6.23
2016 11.45 8.75
2017 7.21 14.29
2018 15.02 2.53
2019 14.72 13.21
2020 -21.11 4.66
2021 32.09 17.84
2022 -10.57 4.42
2023 38.51 12.46
2024 20.83 10.76
2025 0.65 8.3

Share Price and NAV History

As of 06/30/26

Year Share Price Net Assets per Share (NAV)
12 2011 14.8 12.32
03 2012 14.96 12.16
06 2012 14.4 12.25
09 2012 15.59 12.58
12 2012 13.91 12.56
03 2013 14.35 13.05
06 2013 14.63 12.9
09 2013 13.94 13.05
12 2013 12.88 12.83
03 2014 13.27 13.2
06 2014 13.68 13.6
09 2014 13.6 13.63
12 2014 13.23 13.35
03 2015 12.13 13.93
06 2015 12.35 13.87
09 2015 13.2 13.64
12 2015 13.75 13.1
03 2016 14.29 13.39
06 2016 14.73 13.46
09 2016 14.55 13.65
12 2016 14.2 13.15
03 2017 14.1 13.56
06 2017 13.95 13.96
09 2017 14.43 14.24
12 2017 14.1 13.91
03 2018 14.7 13.93
06 2018 14.7 13.72
09 2018 14.9 13.88
12 2018 15.05 13.18
03 2019 15.36 13.6
06 2019 16.31 13.87
09 2019 17.42 13.92
12 2019 16.13 13.8
03 2020 11.64 13
06 2020 12.75 13
09 2020 10.86 13.35
12 2020 11.88 13.6
03 2021 12.93 14.18
06 2021 13.72 14.57
09 2021 13.8 15.32
12 2021 14.8 15.19
03 2022 13.39 15.33
06 2022 12.26 15.01
09 2022 11.33 15.14
12 2022 12.32 14.99
03 2023 12.82 15.45
06 2023 12.91 15.54
09 2023 13.43 15.68
12 2023 15.6 15.41
03 2024 16.12 15.88
06 2024 16.52 15.82
09 2024 16.94 15.8
12 2024 17.09 15.46
03 2025 17.63 15.65
06 2025 20.11 15.68
09 2025 20.15 15.63
12 2025 15.89 15.23
03 2026 17.14 15.29
06 2026 16.84 15.81

Premium / Discount History

As of 06/30/26

Year Premium/Discount
12 2011 20.13
03 2012 23.03
06 2012 17.55
09 2012 23.93
12 2012 10.75
03 2013 9.96
06 2013 13.41
09 2013 6.82
12 2013 0.39
03 2014 0.53
06 2014 0.59
09 2014 -0.22
12 2014 -0.9
03 2015 -12.92
06 2015 -10.96
09 2015 -3.23
12 2015 4.96
03 2016 6.72
06 2016 9.44
09 2016 6.59
12 2016 7.98
03 2017 3.98
06 2017 -0.07
09 2017 1.33
12 2017 1.37
03 2018 5.53
06 2018 7.14
09 2018 7.35
12 2018 14.19
03 2019 12.94
06 2019 17.59
09 2019 25.14
12 2019 16.88
03 2020 -10.46
06 2020 -1.92
09 2020 -18.65
12 2020 -12.65
03 2021 -8.82
06 2021 -5.83
09 2021 -9.92
12 2021 -2.57
03 2022 -12.65
06 2022 -18.32
09 2022 -25.17
12 2022 -17.81
03 2023 -17.02
06 2023 -16.92
09 2023 -14.35
12 2023 1.23
03 2024 1.51
06 2024 4.42
09 2024 7.22
12 2024 10.54
03 2025 12.65
06 2025 28.25
09 2025 28.92
12 2025 4.33
03 2026 12.1
06 2026 6.5

PAST PERFORMANCE IS NOT NECESSARILY INDICIATIVE OF FUTURE RESULTS. Current performance may be lower or higher than the performance data quoted. The share value and net asset value (NAV) will fluctuate with market conditions. Shares of closed-end investment companies frequently trade at a discount from their net asset value. All returns 1-year or less are cumulative.

Investment return, price, yields and NAV will fluctuate with changes in market conditions. At the time of sale, your shares may have a share price that is above or below net asset value, and may be worth more or less than your original investment. There is no assurance that a fund will meet its investment objective. The Fund is actively managed and its composition will vary. Fund details, holdings and characteristics are as of the date noted and subject to change.

Definitions: Net Asset Value (NAV) is total assets less total liabilities, divided by the number of shares outstanding. Share Price is the closing price of a closed-end fund on the New York Stock Exchange (NYSE), as of the trading day noted. Premium/Discount is the percent difference between the Share Price and the NAV. There is no guarantee that you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transactions costs in the secondary market. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. The Fund invests in privately-placed below-investment grade, long-term corporate debt obligations, which are subject to credit risk (the risk that an issuer won’t make timely payments of principal and interest) and liquidity risk (the risk that the Fund’s investments may be difficult to sell at an advantageous time or price); high yield debt obligations, commonly referred to as below-investment grade obligations or “junk bonds,” which are subject to credit risk and market risk (the risk that the value of the Fund’s investments may fall, sometimes rapidly or unpredictably, as a result of increasing interest rates or otherwise); and equity securities, including preferred stocks, warrants and rights, and limited partnership interests, which may have exposure to higher levels of volatility and market and issuer-specific risk. The Fund may trade at a discount to its net asset value and is subject to anti-takeover provisions that may delay, defer or prevent a transaction or a change in control that might otherwise be in the best interests of Fund shareholders. Before investing you should consider carefully the Fund’s investment objectives, risks, charges and expenses. 

Investment products are not insured by FDIC or any federal government agency, may lose value, and are not a deposit or guaranteed by any bank or any bank affiliate.
 

Distribution History

Ex Date Record Date Payable Date Amount
2024-08-26 2024-08-26 2024-09-13 0.37
2024-11-04 2024-11-04 2024-11-15 0.37
2024-12-30 2024-12-30 2025-01-17 0.37
2024-12-30 2024-12-30 2025-01-17 0.1
2025-05-30 2025-05-30 2025-06-13 0.37
2025-08-29 2025-08-29 2025-09-12 0.37
2025-11-03 2025-11-03 2025-11-14 0.37
2025-12-30 2025-12-30 2026-01-16 0.37
2026-05-29 2026-05-29 2026-06-12 0.37
Download Distribution History

IPO Information

Date
Share Price $10.00
NAV $9.30
CUSIP 05616B100
Ticker MPV

Before investing you should consider carefully the Fund's investment objectives, risks, charges and expenses.  

SEC Filings
Date Form Description XBRL Pages
08/28/24 N-PX Form N-PX: Annual Report of proxy voting record of management investment companies 2
05/30/24 NPORT-P Form NPORT-P: Monthly Portfolio Investments Report on Form N-PORT (Public) 1065
03/27/24 DEF 14A Form DEF 14A: Definitive proxy statements 36
03/14/24 N-CEN Form N-CEN: Annual Report for Registered Investment Companies 24
03/14/24 N-CSR/A Form N-CSR/A: Certified annual shareholder report of registered management investment companies filed on Form N-CSR 79
03/13/24 N-CSR/A Form N-CSR/A: Certified annual shareholder report of registered management investment companies filed on Form N-CSR 79
03/13/24 NT-NCSR/A Form NT-NCSR/A: Notice under Exchange Act Rule 12b-25 of inability to timely file Form N-CSR (annual or semi-annual report) 79
03/11/24 N-CSR Form N-CSR: Certified annual shareholder report of registered management investment companies filed on Form N-CSR 78
03/07/24 N-CSR/A Form N-CSR/A: Certified annual shareholder report of registered management investment companies filed on Form N-CSR 78
02/29/24 NPORT-P Form NPORT-P: Monthly Portfolio Investments Report on Form N-PORT (Public) 978
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Proxy Voting Record

Joint Proxy Statement

Complaints Procedure

Proxy Voting Policy

Code of Ethics

Committee Charter

Annual Report and Accounts

Interim Report And Accounts

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