0001752724-19-009852.txt : 20190311
0001752724-19-009852.hdr.sgml : 20190311
20190311163717
ACCESSION NUMBER: 0001752724-19-009852
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20181231
FILED AS OF DATE: 20190311
DATE AS OF CHANGE: 20190311
EFFECTIVENESS DATE: 20190311
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BARINGS PARTICIPATION INVESTORS
CENTRAL INDEX KEY: 0000831655
IRS NUMBER: 043025730
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-05531
FILM NUMBER: 19672747
BUSINESS ADDRESS:
STREET 1: 1500 MAIN STREET
STREET 2: SUITE 600
CITY: SPRINGFIELD
STATE: MA
ZIP: 01115
BUSINESS PHONE: 4132261000
MAIL ADDRESS:
STREET 1: 1500 MAIN STREET
STREET 2: SUITE 600
CITY: SPRINGFIELD
STATE: MA
ZIP: 01115
FORMER COMPANY:
FORMER CONFORMED NAME: BABSON CAPITAL PARTICIPATION INVESTORS
DATE OF NAME CHANGE: 20111230
FORMER COMPANY:
FORMER CONFORMED NAME: MASSMUTUAL PARTICIPATION INVESTORS
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: MASSMUTUAL CORPORATE INVESTORS II
DATE OF NAME CHANGE: 19880417
N-CEN
1
primary_doc.xml
X0201
N-CEN
LIVE
0000831655
XXXXXXXX
811-05531
false
false
false
N-2
BARINGS PARTICIPATION INVESTORS
811-05531
0000831655
549300BL6L2WBLZ3L146
1500 MAIN STREET
SUITE 600
SPRINGFIELD
01115
US-MA
US
413-226-1000
State Street Bank and Trust Company
1 Lincoln Street
Boston
02111
617-786-3000
Custody and Accounting Records.
N
N
N-2
N
Clifford M. Noreen
000000000
Y
Maleyne M. Syracuse
000000000
N
Barbara M. Ginader
000000000
N
Edward P. Grace III
000000000
N
Michael H. Brown
000000000
N
Robert E. Joyal
000000000
Y
Susan B. Sweeney
000000000
N
Melissa M. LaGrant
005106210
1500 Main Street
Springfield
01115
XXXXXX
N
N
N
N
N
N
KPMG LLP
185
5493003PVCIGA21K0K42
N
N
N
N
N
N
N
BARINGS PARTICIPATION INVESTORS
00000000000000000000
N
0
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
N
N
N
N
Barings LLC
801-241
000106006
ANDKRHQKPRRG4Q2KLR05
N
DST Systems, Inc.
84-00448
21B7QCD05XOK0YTYOP98
N
N
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
PricingDirect Inc.
549300WIC0TOJ7N7GD54
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
ICE Data Services, Inc.
5493000NQ9LYLDBCTL34
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
DST Systems, Inc.
21B7QCD05XOK0YTYOP98
N
N
N
N
Oppenheimerfunds Distributor, Inc.
8-22992
000007834
0000000000
0.00000000
MML Investors Services, LLC
8-27250
000010409
00000000000000000000
0.00000000
MML Distributors, LLC
8-48203
000038030
00000000000000000000
0.00000000
Barings Securities LLC
8-47589
000036929
0000000000
0.00000000
0.00000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
11386743.10000000
Barclays Capital Inc.
8-41342
000019714
AC28XWWI3WIBK2824319
7661798.59000000
MarketAxess Corporation
8-50727
000044542
GPSMMRI21JE7ZCVYF972
9206590.83000000
Mizuho Securities USA LLC
8-37710
000019647
7TK5RJIZDFROZCA6XF66
11994620.00000000
Wells Fargo Securities, LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
5088270.94000000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
8-7221
000007691
8NAV47T0Y26Q87Y0QP81
14576246.33000000
RBC Capital Markets, LLC
8-45411
000031194
549300LCO2FLSSVFFR64
8078597.61000000
J.P. Morgan Securities LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
16183951.39000000
MUFG Securities Americas Inc.
8-43026
000019685
K5HU16E3LMSVCCJJJ255
11626244.38000000
Citigroup Global Markets Inc.
8-8177
000007059
MBNUM2BPBDO7JBLYG310
8402620.94000000
119973091.28000000
N
144534815.19000000
Common stock
Barings Participation Investors
N
N
N
N
N
N
0.90000000
1.56000000
15.05000000
13.18000000
true
INTERNAL CONTROL RPT
2
NCEN_9796533890298314.txt
Report of Independent Registered Public Accounting
Firm
To the Shareholders and Board of Trustees of
Barings Participation Investors:
In planning and performing our audit of the financial
statements of Barings Participation Investors and
subsidiary (collectively, the "Trust"), as of and for the
year ended December 31, 2018, in accordance with the
standards of the Public Company Accounting Oversight
Board (United States), we considered the Trust's
internal control over financial reporting, including
controls over safeguarding securities, as a basis for
designing
our auditing procedures for the purpose of expressing
our opinion on the consolidated financial statements
and
to comply with the requirements of Form N-CEN, but
not for the purpose of expressing an opinion on the
effectiveness of the Trust's internal control over
financial reporting. Accordingly, we express no such
opinion.
Management of the Trust is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A trust's
internal control over financial reporting is a process
designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of
financial statements for external purposes in
accordance with generally accepted accounting
principles. A
trust's internal control over financial reporting includes
those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and
dispositions
of the assets of the trusts; (2) provide reasonable
assurance that transactions are recorded as necessary
to
permit preparation of financial statements in
accordance with generally accepted accounting
principles, and
that receipts and expenditures of the trusts are being
made only in accordance with authorizations of
management and Trustees of the trusts; and (3) provide
reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or
disposition of a trust's assets that could have a material
effect on
the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk
that
controls may become inadequate because of changes in
conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control does
not
allow management or employees, in the normal course
of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of
deficiencies,
in internal control over financial reporting, such that
there is a reasonable possibility that a material
misstatement of the Trust's annual or interim financial
statements will not be prevented or detected on a
timely
basis.
Our consideration of the Trust's internal control over
financial reporting was for the limited purpose
described in
the first paragraph and would not necessarily disclose
all deficiencies in internal control that might be material
weaknesses under standards established by the Public
Company Accounting Oversight Board (United States).
However, we noted no deficiencies in the Trust's
internal control over financial reporting and its
operation,
including controls over safeguarding securities that we
consider to be a material weakness as defined above as
of December 31, 2018.
2
This report is intended solely for the information and
use of management and the Board of Trustees of the
Trust
and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone
other than these specified parties.
Boston, Massachusetts
February 28, 2019