Muzinich Global High Yield H GBP Acc A (FUND:B0BG8K2) - Overview

Fund Report

Muzinich Global High Yield Fund Hedged GBP Accumulation A

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager Name-
Inception Date25/07/2003
NAV 05/12/2016GBP 223.87
Day Change0.17%
12 Month Yield0.00%
ISINIE0033510177
SEDOL3351017
Dividend Frequency-
Net Assets (mil) 31/10/2016304.62 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.13%
AMC1.00%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

BofAML Gbl HY BB-B Constnd TR Hdg EUR

Morningstar® Benchmark

BofAML Gbl HY Constnd TR HGBP

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund14.666.381.36-1.749.42
Category15.656.341.63-2.659.70
Benchmark18.747.312.71-2.1113.62
  • Fund: Muzinich Global High Yield Fund Hedged GBP Accumulation A
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: BofAML Gbl HY Constnd TR HGBP
Trailing Returns % (GBP) 05/12/2016
FundCatBmark
YTD9.5610.6114.20
3 Years Annualised3.143.444.93
5 Years Annualised6.166.968.15
10 Years Annualised5.226.217.59

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 Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds88.010.0088.01
Cash5.860.005.86
Other6.120.006.12
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond88.75
Cash & Equivalents7.03
Asset Backed2.83
Convertible1.39
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Sprint Nextel 7% 2020-08-15United States1.89
New since last portfolioAkbank T A S 5% 2022-10-24Turkey0.99
Telefonica(Europe) 7.625% 2021-09-18Netherlands0.91
New since last portfolioSprint Spectrum Co Llc 2016-1 3.36% 2023-03-20United States0.90
Wind Acquisition F 4% 2020-07-15Luxembourg0.90
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 Trafford House, Chester Road, Manchester M32 0RS. 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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