Muzinich Global High Yield HGBP Acc A (FUND:3351017) - Fund price

Fund Report

Muzinich Global High Yield Fund Hedged GBP Accumulation A Units

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager Name-
Inception Date25/07/2003
NAV 13/02/2020GBP 264.05
Day Change-0.01%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 31/12/2019162.29 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time00:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost1.20%
Fund Rebate-

Morningstar Rating™


Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark

ICE BofA Gbl HY Constnd TR EUR

Morningstar® Benchmark

ICE BofA Global High Yield Constrained TR HGBP

Growth Of 10,000 (GBP) 31/01/2020

How has this security performed
  • Fund: Muzinich Global High Yield Fund Hedged GBP Accumulation A Units
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: ICE BofA Global High Yield Constrained TR HGBP
Trailing Returns % (GBP) 13/02/2020
3 Years Annualised4.643.944.68
5 Years Annualised4.544.345.44
10 Years Annualised6.226.427.44

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Sub-Fund primarily invests in publicly traded debt securities of United States and European corporate borrowers generally traded on Recognised Exchanges in the United States, Canada and the European Economic Area (EEA). The Sub-Fund will at all times have at least 10% of the portfolio invested in the EEA and the balance primarily in the United States and Canada. It is expected that the Sub-Fund will have a minimum of 50% of its assets invested in United States dollar denominated paper.

Portfolio Profile31/12/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond94.77
Cash & Equivalents2.50
Bank Loan0.85
Top Holdings
IncreaseDecreaseNew since last portfolio
IncreaseGCI, Inc. 6.88% 2025-04-15United States0.88
Minerva Luxembourg S.A. 6.5% 2026-09-20Brazil0.87
New since last portfolioHeimstaden Bostad AB 3.25% Sweden0.86
New since last portfolioIqvia Inc. Eur Term Loan B2 2025-06-11United States0.85
Altice Luxembourg S.A. 8% 2027-05-15France0.84
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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