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

Fund Report

Muzinich Europeyield Fund Hedged GBP Accumulation A Units

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date28/04/2010
NAV 24/05/2018GBP 171.24
Day Change-0.02%
12 Month Yield0.00%
Dividend Frequency-
Net Assets (mil) 31/03/20181,046.03 EUR
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 Cost1.08%
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) 30/04/2018

How has this security performed
  • Fund: Muzinich Europeyield Fund Hedged GBP Accumulation A Units
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 24/05/2018
3 Years Annualised5.40
5 Years Annualised5.88
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 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 Bond79.55
Bank Loan8.60
Cash & Equivalents7.92
Agency Mortgage Backed1.32
Top Holdings
IncreaseDecreaseNew since last portfolio
Petrobras International Finance Co 5.875% SNR PIDI NTS 07/03/2022 EUR (SEC 2022-03-07Germany1.77
Casino Guichard-Perrachon STP CPN SNR EMTN 07/03/2024 EUR (REGS) (31) 2024-03-07France1.75
Virgin Media Receivables Financing I DAC 5.5% SNR PIDI NTS 15/09/2024 GBP ( 2024-09-15Ireland1.73
Lincoln Finance Ltd. 6.875% SNR SEC PIDI NTS 15/04/2021 EUR (REGS) 2021-04-15United Kingdom1.70
New since last portfolioSmurfit Kappa Acquisitions Unlimited Company 4.125% SNR PIDI NTS 30/01/2020 2020-01-30Ireland1.64
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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