Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC The fund is comanaged by Babson Capital Global Advisors Limited It invests in fixed income markets across the globe The fund primarily invests in global highyield bonds loans and other incomeproducing instruments that are at the time of purchase rated below Baa3 by Moodys Investors Service Inc or below BBB by Standard Poors Rating Services It seeks to invest in securities with a weighted average portfolio duration of three years or less The fund employs bottomup fundamental analysis to create its portfolio It benchmarks the performance of its portfolio against the Bank of AmericaMerrill Lynch Global NonFinancial High Yield Constrained Index The fund was formerly known as Babson Capital Global Short Duration High Yield Fund Babson Capital Global Short Duration High Yield Fund was formed on October 25 2012 and is domiciled in the United States