Babson Capital’s Global Short Duration High Yield Fund (the “Fund”) is a closed-end fund trading on the New York Stock Exchange under the trading symbol “BGH”. The Fund’s primary investment objective is to seek as high a level of current income as Babson Capital determines is consistent with capital preservation, with a secondary objective of capital appreciation. The Fund expects to maintain a weighted average portfolio duration of 3 years or less and a weighted average portfolio maturity of 5 years or less. Overall, the portfolio management strategy will seek to take advantage of inefficiencies between geographies, primarily the North American and Western European high yield bond and loan markets and within capital structures between bonds and loans. For example, the Fund will seek to take advantage of differences in pricing between bonds of an issuer denominated in U.S. dollars and substantially similar bonds of the same issuer denominated in Euros, potentially allowing the Fund to achieve a higher relative return for the same credit risk exposure.