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

Fund Report

Muzinich Americayield Fund Hedged GBP A Inc Class (GBP)

Key Stats
Morningstar® CategoryHigh Yield Bond - Other Hedged
Manager Name-
Inception Date08/11/2007
NAV 27/04/2017GBP 98.96
Day Change0.04%
12 Month Yield5.06%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/03/20172,185.31 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:15:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge0.00%
Custody ChargeYes
Fund Ongoing Charge1.10%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark


Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/04/2017

How has this security performed
  • Fund: Muzinich Americayield Fund Hedged GBP A Inc Class (GBP)
  • Category: High Yield Bond - Other Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 27/04/2017
3 Years Annualised2.96
5 Years Annualised4.94
10 Years Annualised-

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 Profile31/03/2017

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 Bond98.68
Cash & Equivalents-0.18
Top Holdings
IncreaseDecreaseNew since last portfolio
Tenet Healthcare 6% 2020-10-01United States1.00
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Neptune Finco 144A 10.125% 2023-01-15United States0.92
Nsg Hldgs Llc / Nsg Hldgs 144A 7.75% 2025-12-15United States0.84
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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