Muzinich EmergingMktsShrtDur HGBP Acc A (FUND:BFNXVZ2) - Fund price


Fund Report

Muzinich EmergingMarketsShortDuration Fund Hedged GBP Accumulation A Units

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date21/10/2013
NAV 22/07/2019GBP 114.65
Day Change0.02%
12 Month Yield0.00%
ISINIE00BFNXVZ26
Dividend Frequency-
Net Assets (mil) 31/03/2019597.04 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time00:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost0.97%
AMC0.80%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

Below Average

Below Average


Sustainability Rating as of 31/05/2019

Benchmarks

Fund Benchmark

N/A

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/06/2019

How has this security performed
201420152016201720182019
Fund-0.412.225.162.98-1.514.20
  • Fund: Muzinich EmergingMarketsShortDuration Fund Hedged GBP Accumulation A Units
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 22/07/2019
Fund
YTD4.48
3 Years Annualised2.04
5 Years Annualised2.00
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 Sub-Fund seeks to achieve attractive, absolute returns through prudent investments primarily in short duration emerging market debt. The Sub-Fund will attempt to deliver average annual gross returns significantly in excess over similar duration government bonds of highly rated countries.

Portfolio Profile31/03/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds95.540.0095.54
Cash38.4034.034.37
Other0.090.000.09
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond83.36
Government6.14
Cash & Equivalents4.12
Government Related3.31
Bank Loan2.72
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
YPF Sociedad Anonima 3.75% 2019-09-30Argentina2.36
Sparc Em Ltd 0% 2022-12-05United States2.34
New since last portfolioVale S.A. 3.75% 2023-01-10Brazil2.04
IncreaseChina Evergrande Group 7% 2020-03-23Singapore1.77
CSN Islands XI Corp. 6.88% 2019-09-21United States1.70
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) 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. See website for full details. 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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