Muzinich Europeyield A GBP Hdg Acc (FUND:B643J65) - Fund price - Overview

Fund Report

Muzinich Europeyield Fund Hedged GBP Accumulation A Units (GBP)

Key Stats
Morningstar® CategoryHigh Yield Bond - Other Hedged
Manager Name-
Inception Date28/04/2010
NAV 21/04/2017GBP 163.77
Day Change0.05%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 28/02/20171,100.67 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge0.00%
Custody ChargeYes
Fund Ongoing Charge1.13%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark

BofAML Eur Ccy Non-Sub Fin HY Con BB-B

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 31/03/2017

How has this security performed
  • Fund: Muzinich Europeyield Fund Hedged GBP Accumulation A Units (GBP)
  • Category: High Yield Bond - Other Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 21/04/2017
3 Years Annualised5.97
5 Years Annualised8.46
10 Years Annualised-

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Sub-Fund primarily invests in publicly traded debt securities (including notes and bonds) of European corporate borrowers and Euro denominated debt securities of North American corporate borrowers generally traded on Recognized Exchanges in the European Union. It seeks to generate superior yields through the Investment Manager's careful selection of debt securities that at the time of purchase normally 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 on sides to be sound well positioned enterprises possessing attractive longer term prospects.

Portfolio Profile28/02/2017

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 Bond89.47
Cash & Equivalents6.48
Bank Loan2.66
Commercial Mortgage Backed0.75
Top Holdings
IncreaseDecreaseNew since last portfolio
IncreaseLock As 7% 2021-08-15Norway1.66
IncreasePetrobras Glob Fin 5.875% 2022-03-07Netherlands1.62
IncreaseSfr Grp 5.625% 2024-05-15France1.56
United Grp B.V. 7.875% 2020-11-15Netherlands1.50
Rwe Ag 2019-03-20Germany1.40
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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