Muzinich Short Duration HY Hdg GBP A Acc (FUND:B3PJKM4) - Overview

Fund Report

Muzinich Short Duration High Yield Fund Hedged GBP Accumulation Units

Key Stats
Morningstar® CategoryHigh Yield Bond - Other Hedged
Manager Name-
Inception Date07/11/2013
NAV 21/10/2016GBP 105.91
Day Change0.00%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 31/08/20164,428.43 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:30:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.86%
Fund Rebate-

Morningstar Rating™

Not Rated


Fund Benchmark


Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: Muzinich Short Duration High Yield Fund Hedged GBP Accumulation Units
  • Category: High Yield Bond - Other Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 21/10/2016
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-

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 seeks to achieve attractive, low volatility returns through prudent investments in short duration high yield bonds. The Sub-Fund will attempt to deliver average annual gross returns significantly in excess over similar duration government bonds.

Portfolio Profile31/08/2016

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 Bond87.41
Cash & Equivalents10.52
Asset Backed0.10
Top Holdings
IncreaseDecreaseNew since last portfolio
Chs / Cmnty Health Sys 5.125% 2018-08-15United States1.36
Sun Merger Sub 144A 5.25% 2018-08-01United States1.31
Telecom Italia Spa 7.375% 2017-12-15Italy1.30
Ardagh Packaging 144A FRN 2019-12-15Ireland1.21
Reynolds Grp Issuer 7.125% 2019-04-15United States1.14
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.
© Copyright 2016 Morningstar. All rights reserved.