Muzinich Glbl Tctl Crdt Hgd GBP Inc S (FUND:BF5S8D2) - 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 08/12/2016GBP 99.87
Day Change0.04%
12 Month Yield3.35%
ISINIE00BF5S8D27
SEDOLBF5S8D2
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/2016862.89 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 Charge0.74%
AMC0.55%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

3 Month USD Libor + 500 bp

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

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

How has this security performed
20122013201420152016
Fund---0.935.19
Category---0.344.80
Benchmark---1.393.49
  • 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) 08/12/2016
FundCatBmark
YTD3.495.393.08
3 Years Annualised---
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 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
Bonds87.660.0087.66
Cash6.150.006.15
Other6.190.006.19
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond88.15
Cash & Equivalents6.99
Asset Backed1.76
Government Related1.64
Government0.90
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
New since last portfolioMorgan Stanley FRN 2023-10-24United States2.28
New since last portfolioSprint Spectrum Co Llc 2016-1 3.36% 2023-03-20United States1.55
Sabine Pass Liquefaction 144A 5.875% 2026-06-30United States1.55
New since last portfolioJpmorgan Chase FRN 2023-10-24United States1.33
Southern Star Cent 144A 5.125% 2022-07-15United States1.28
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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