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 24/05/2018GBP 237.09
Day Change0.00%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 31/03/2018268.52 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 Cost1.16%
Fund Rebate-

Morningstar Rating™


Morningstar Sustainability Rating

Below Average

Below Average

Sustainability Rating as of 28/02/2018


Fund Benchmark

ICE BofAML Gbl HY Constnd TR EUR

Morningstar® Benchmark

ICE BofAML Global High Yield Constrained

Growth Of 10,000 (GBP) 30/04/2018

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 BofAML Global High Yield Constrained
Trailing Returns % (GBP) 24/05/2018
3 Years Annualised3.213.374.46
5 Years Annualised3.403.744.66
10 Years Annualised5.466.557.75

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
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 Profile31/03/2018

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 Bond85.65
Cash & Equivalents7.59
Bank Loan4.92
Asset Backed0.72
Government Related0.62
Top Holdings
IncreaseDecreaseNew since last portfolio
Telecom Italia S.p.A. 5.303% SNR PIDI NTS 30/05/2024 USD (144A) 2024-05-30Italy1.19
Adient Global Holdings Ltd 3.5% SNR PIDI NTS 15/08/2024 EUR (REGS) 2024-08-15Germany1.13
New since last portfolioAlliance Data Systems Corporation 4.5% SNR PIDI NTS 15/03/2022 EUR (REGS) 2022-03-15United States1.10
IncreaseValeant Pharmaceuticals International, Inc. 4.5% SNR PIDI NTS 15/05/2023 EU 2023-05-15Canada1.09
Mercury BondCo Plc 8.25% SNR SEC PIDI NTS 30/05/2021 EUR (REGS) 2021-05-30Germany1.08
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.
© Copyright 2018 Morningstar. All rights reserved.