Muzinich Americayield HGBP Inc A (FUND:B28XD61) - Fund price - Overview

Fund Report

Muzinich Americayield Fund Hedged GBP Income A Units

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date08/11/2007
NAV 22/01/2019GBP 90.03
Day Change-0.20%
12 Month Yield5.71%
ISINIE00B28XD617
SEDOLB28XD61
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/20181,756.09 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:15:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost1.07%
AMC1.00%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

ICE BofAML BB-B US NFn CP HY Ctd TR USD

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 31/12/2018

How has this security performed
201320142015201620172018
Fund5.761.44-1.219.324.99-4.93
  • Fund: Muzinich Americayield Fund Hedged GBP Income A Units
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 22/01/2019
Fund
YTD3.14
3 Years Annualised4.61
5 Years Annualised2.26
10 Years Annualised6.90

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 US corporate borrowers generally traded on a Recognized Exchange in the US. It seeks to generate superior yields through the Investment Manager's careful selection of debt securities that at the time of purchase have a rating of less than 'A' by Moody's (or as deemed equivalent by the Investment Manager) but which have been issued by what the Investment Manager considers to be sound well positioned enterprises possessing attractive longer term prospects. The Investment Manager intends that at the time of purchase the minimum credit rating will be B3 by Moody's (or as deemed equivalent by the Investment Manager). The Investment Manager may however, from time to time, at its discretion invest in securities rated in the higher categories.

Portfolio Profile31/10/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds98.440.0098.44
Cash1.260.001.26
Other0.300.000.30
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond98.44
Cash & Equivalents1.26
Convertible0.30
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Bausch Health Companies Inc 7% 2024-03-15Canada1.78
Clear Channel Worldwide Holdings Inc. 6.5% 2022-11-15United States1.12
Intelsat Jackson Holdings, Ltd. 8% 2024-02-15United States1.07
IncreaseNSG Holdings LLC 7.75% 2025-12-15United States0.97
Rain CII Carbon LLC / CII Carbon Corporation 7.25% 2025-04-01United States0.96
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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