Muzinich Glbl Tctl Crdt Hgd GBP Inc S (FUND:BF5S8D2) - Fund price - Overview

Fund Report

Muzinich Global Tactical Credit Fund Hedged GBP Income S Units

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date07/02/2014
NAV 21/08/2017GBP 101.02
Day Change0.03%
12 Month Yield3.67%
ISINIE00BF5S8D27
SEDOLBF5S8D2
Dividend FrequencySemi-Annually
Net Assets (mil) 30/06/20171,171.48 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 Charge0.70%
AMC0.55%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

Low

Low


Sustainability Rating as of 30/06/2017

Benchmarks

Fund Benchmark

3 Month USD Libor + 500 bp

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Morningstar Analyst Rating™ *

Bronze

Growth Of 10,000 (GBP) 31/07/2017

How has this security performed
20132014201520162017
Fund--0.935.522.72
Category--0.345.773.79
Benchmark--1.393.661.17
  • Fund: Muzinich Global Tactical Credit Fund Hedged GBP Income S Units
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 21/08/2017
FundCatBmark
YTD2.523.951.77
3 Years Annualised2.753.323.13
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 investment objective of the Sub-Fund is to achieve consistent attractive total returns on a risk-adjusted basis over a full market cycle.

Portfolio Profile30/06/2017

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds89.810.0089.81
Cash0.950.000.95
Other9.250.009.25
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond96.18
Government1.45
Convertible1.33
Cash & Equivalents1.04
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreaseCharter Comms Oper 144A 5.375% 2047-05-01United States2.98
Nxp B V / Nxp Fdg 144A 3.875% 2022-09-01Netherlands2.07
Teck Resources 4.5% 2021-01-15Canada1.67
Sprint Spectrum Co Llc/Sprint 144A 3.36% 2023-03-20United States1.56
IncreaseSouthern Star Cent 144A 5.125% 2022-07-15United States1.33
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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