Muzinich Global High Yield HGBP Acc A (FUND:B0BG8K2) - Fund price - Overview

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 18/01/2018GBP 243.43
Day Change-0.09%
12 Month Yield0.00%
ISINIE0033510177
SEDOL3351017
Dividend Frequency-
Net Assets (mil) 30/11/2017319.98 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
Ongoing Cost1.18%
AMC1.00%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 30/11/2017

Benchmarks

Fund Benchmark

ICE BofAML Gbl HY Constnd TR EUR

Morningstar® Benchmark

ICE BofAML Global High Yield Constrained

Growth Of 10,000 (GBP) 31/12/2017

How has this security performed
201220132014201520162017
Fund14.666.381.36-1.7411.156.77
Category15.656.341.63-2.6511.735.82
Benchmark18.747.312.71-2.1115.666.71
  • Fund: Muzinich Global High Yield Fund Hedged GBP Accumulation A Units
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: ICE BofAML Global High Yield Constrained
Trailing Returns % (GBP) 18/01/2018
FundCatBmark
YTD0.380.570.59
3 Years Annualised5.415.246.85
5 Years Annualised4.494.545.67
10 Years Annualised6.147.018.45

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 Profile30/11/2017

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds94.890.0094.89
Cash0.870.000.87
Other4.240.004.24
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond93.72
Bank Loan3.11
Convertible1.14
Cash & Equivalents0.88
Asset Backed0.65
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Telecom Italia S P A New 144A 5.303% 2024-05-30Italy1.05
Lhc3 4.125% 2024-08-15United Kingdom1.04
Petrobras Glob Fin 4.75% 2025-01-14Netherlands1.04
Telefonica(Europe) 2021-09-18Netherlands0.98
Adient Global Hldg 3.5% 2024-08-15Germany0.97
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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