Muzinich Global Tact Crdt HGBP 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 19/04/2018GBP 98.50
Day Change-0.09%
12 Month Yield3.51%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/01/20181,765.19 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
Ongoing Cost0.67%
Fund Rebate-

Morningstar Rating™


Morningstar Sustainability Rating



Sustainability Rating as of 28/02/2018


Fund Benchmark

3 Month USD Libor + 500 bp

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Morningstar Analyst Rating™ *


Growth Of 10,000 (GBP) 31/03/2018

How has this security performed
  • 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) 19/04/2018
3 Years Annualised1.922.491.18
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 Profile31/01/2018

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 Bond76.84
Bank Loan8.34
Cash & Equivalents8.33
Government Related3.54
Top Holdings
IncreaseDecreaseNew since last portfolio
United States Treasury Bills 0% PIDI BILL 22/03/2018 USD 2018-03-22United States2.88
New since last portfolioUnited States Treasury Bills 0% PIDI BILL 29/03/2018 USD 2018-03-29United States1.98
NXP BV/NXP Funding LLC 3.875% SNR PIDI NTS 01/09/2022 USD (144A) 2022-09-01Netherlands1.72
IncreaseUBS Group AG FXD-FRN ALT TIER I PERP PIDI EUR (REGS) 2022-02-19Switzerland0.99
IncreaseIntesa Sanpaolo S.p.A. 6.625% LOWER TIER II EMTN 13/09/2023 EUR (REGS) (730 2023-09-13Italy0.98
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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