Muzinich Enhancedyield S-T HGBP Inc A (FUND:3375932) - Fund price - Overview

Fund Report

Muzinich Enhancedyield Short-Term Fund Hedged GBP Income A Units

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date03/12/2009
NAV 20/04/2018GBP 95.33
Day Change0.02%
12 Month Yield3.53%
ISINIE0033759329
SEDOL3375932
Dividend FrequencySemi-Annually
Net Assets (mil) 31/01/201811,807.50 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment75,000.00 GBP
Pricing FrequencyDaily
Dealing Cut off Time15:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.52%
AMC0.45%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

Below Average

Below Average


Sustainability Rating as of 28/02/2018

Benchmarks

Fund Benchmark

ICE BofAML 1-3Y German Govt TR EUR

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Growth Of 10,000 (GBP) 31/03/2018

How has this security performed
201320142015201620172018
Fund3.691.670.965.033.31-0.22
Category4.274.430.345.774.55-0.74
Benchmark0.047.921.393.661.93-0.46
  • Fund: Muzinich Enhancedyield Short-Term Fund Hedged GBP Income A Units
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 20/04/2018
FundCatBmark
YTD0.09-0.74-1.18
3 Years Annualised2.672.551.22
5 Years Annualised2.703.282.40
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

To achieve a high level of income and long term capital growth with limited volatility

Portfolio Profile31/01/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds95.230.0095.23
Cash2.720.002.72
Other2.050.002.05
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond82.93
Bank Loan9.41
Government Related3.64
Cash & Equivalents2.76
Convertible0.73
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
UBS AG FXD-FRN SUB PIDI 12/02/2026 EUR (REGS) 2026-02-12Switzerland1.97
New since last portfolioUniCredit S.p.A. FRN LOWER TIER II PIDI 03/05/2025 EUR (02/15) 2025-05-03Italy1.57
New since last portfolioCredit Suisse AG FXD-FRN SNR SUB PIDI 18/09/2025 EUR (REGS) (1) 2025-09-18Switzerland1.48
Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III 2021-09-20United States1.48
Wind Tre S.p.A. FRN SNR SEC PIDI 20/01/2024 EUR (REGS) 2024-01-20Italy1.39
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited 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. 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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