Muzinich Americayield HGBP Acc A (FUND:B28XD72) - Fund price - Overview

Fund Report

Muzinich Americayield Fund Hedged GBP Accumulation A Units

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date08/11/2007
NAV 24/05/2018GBP 171.13
Day Change0.04%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 31/03/20182,005.09 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 Cost1.07%
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) 30/04/2018

How has this security performed
  • Fund: Muzinich Americayield Fund Hedged GBP Accumulation A Units
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 24/05/2018
3 Years Annualised2.40
5 Years Annualised2.79
10 Years Annualised5.30

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 Profile31/03/2018

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 Bond98.21
Cash & Equivalents0.63
Asset Backed0.17
Top Holdings
IncreaseDecreaseNew since last portfolio
IncreaseNeptune Finco Corp 10.125% SNR PIDI NTS 15/01/2023 USD (144A) 2023-01-15United States1.25
Tenet Healthcare Corporation 6% SNR SEC PIDI NTS 01/10/2020 USD (SEC REGD) 2020-10-01United States1.07
IncreaseClear Channel Worldwide Holdings Inc. 6.5% SNR PIDI NTS 15/11/2022 USD (SEC 2022-11-15United States1.00
NSG Holdings LLC 7.75% SNR SEC PIDI NTS 15/12/2025 USD (144A) 2025-12-15United States0.89
Rain CII Carbon LLC / CII Carbon Corporation 7.25% SNR SEC PIDI NTS 01/04/2 2025-04-01United States0.88
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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