Muzinich Short Duration HY Hdg USD A Acc (FUND:B59XD05) - Fund price - Overview

Fund Report

Muzinich ShortDurationHighYield Fund Hedged USD Accumulation A Units

Key Stats
Morningstar® CategoryUSD High Yield Bond
Manager Name-
Inception Date04/10/2010
NAV 24/04/2018USD 127.02
Day Change-0.09%
12 Month Yield0.00%
ISINIE00B59XD059
SEDOL
Dividend Frequency-
Net Assets (mil) 31/01/20183,174.64 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time00:00
Regular InvestmentNo
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost0.88%
AMC0.80%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_2

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

N/A

Morningstar® Benchmark

Bloomberg Barclays US Corporate High Yield TR USD

Growth Of 10,000 (USD) 31/03/2018

How has this security performed
201320142015201620172018
Fund3.94-0.440.095.662.860.09
Category6.44-0.08-6.1712.666.38-0.72
Benchmark7.442.45-4.4717.137.50-0.86
  • Fund: Muzinich ShortDurationHighYield Fund Hedged USD Accumulation A Units
  • Category: USD High Yield Bond
  • Benchmark: Bloomberg Barclays US Corporate High Yield TR USD
Trailing Returns % (USD) 24/04/2018
FundCatBmark
YTD0.46-0.18-0.21
3 Years Annualised2.153.264.94
5 Years Annualised2.163.184.90
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 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 Profile31/01/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds97.260.0097.26
Cash2.740.002.74
Other0.000.000.00
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond87.37
Bank Loan9.78
Cash & Equivalents2.74
Asset Backed0.11
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
DecreaseCCO Holdings, LLC/ CCO Holdings Capital Corp. 5.25% SNR PIDI NTS 30/09/2022 2022-09-30United States1.36
Western Digital Corp. 10.5% SNR PIDI NTS 01/04/2024 USD (SEC REGD) 2024-04-01United States1.34
Aramark Services, Inc. 5.125% SNR PIDI NTS 15/01/2024 USD (SEC REGD) 2024-01-15United States1.30
Neptune Finco Corp 10.125% SNR PIDI NTS 15/01/2023 USD (144A) 2023-01-15United States1.28
Clear Channel Worldwide Holdings Inc. 6.5% SNR PIDI NTS 15/11/2022 USD (SEC 2022-11-15United States1.22
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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