Babson Capital Global Short Duration High Yield Fund (the Fund), formerly Babson Capital Global Floating Rate & Income Fund, is an organized, non-diversified, closed-end management investment company. The Fund�s primary investment objective is to seek as high a level of current income. 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 secured loans, secured bonds or other income-producing instruments, including floating rate instruments. The Fund expects to invest primarily in first and second lien secured loans and secured bonds of North American and Western European corporate issuers that are of below investment grade quality. Babson Capital Management LLC is the investment advisor of the Fund.