Muzinich Short Duration HY Hdg GBP S Inc (FUND:B5VGYN2) - Overview

Fund Report

Muzinich Short Duration High Yield Fund Hedged GBP Income S Units

Key Stats
Morningstar® CategoryHigh Yield Bond - Other Hedged
Manager Name-
Inception Date29/09/2011
NAV 30/11/2016GBP 92.70
Day Change0.01%
12 Month Yield5.15%
ISINIE00B5VGYN29
SEDOL
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/20164,565.61 USD
Wrapper Availability
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time00:00
Regular Investment
Actual Initial Charge-
Exit Charge-
Custody Charge
Fund Ongoing Charge0.56%
AMC0.50%
Fund Rebate-

Morningstar Rating™

Not Rated

Benchmarks

Fund Benchmark

N/A

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund7.414.390.190.614.91
  • Fund: Muzinich Short Duration High Yield Fund Hedged GBP Income S Units
  • Category: High Yield Bond - Other Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 30/11/2016
Fund
YTD4.91
3 Years Annualised1.99
5 Years Annualised3.55
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 Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds85.490.0085.49
Cash7.220.007.22
Other7.280.007.28
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond89.94
Cash & Equivalents8.00
Government1.12
Convertible0.62
Asset Backed0.31
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Chs / Cmnty Health Sys 5.125% 2018-08-15United States1.29
Reynolds Grp Issuer 5.75% 2020-10-15United States1.27
Ardagh Packaging 144A FRN 2019-12-15Ireland1.18
Telecom Italia Spa 7.375% 2017-12-15Italy1.16
New since last portfolioSprint Nextel 144A 9% 2018-11-15United States1.07
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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