Muzinich Emerg Mkt Shrt Dur A £ Hdg Acc (FUND:BFNXVZ2) - Overview

Fund Report

Muzinich Emerging Market Short Duration Fund Hedged GBP Accumulation A Units

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date21/10/2013
NAV 08/12/2016GBP 107.96
Day Change-0.21%
12 Month Yield0.00%
ISINIE00BFNXVZ26
SEDOLBFNXVZ2
Dividend Frequency-
Net Assets (mil) 31/10/2016396.95 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:30:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.05%
AMC0.80%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

-

Morningstar® Benchmark

Not Categorized

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

How has this security performed
20122013201420152016
Fund---0.412.224.77
  • Fund: Muzinich Emerging Market Short Duration Fund Hedged GBP Accumulation A Units
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 08/12/2016
Fund
YTD4.94
3 Years Annualised2.39
5 Years Annualised-
10 Years Annualised-

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
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  • 5
  • 6
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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 Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds90.980.0090.98
Cash5.240.005.24
Other3.790.003.79
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond75.86
Government13.05
Cash & Equivalents6.53
Government Related3.27
Convertible1.29
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Teva Pharma Fin Neth 1.7% 2019-07-19Netherlands1.72
Lukoil Intl Fin Bv 3.416% 2018-04-24Netherlands1.18
Republic Of Turkey 7.5% 2019-11-07Turkey1.13
New since last portfolioArgentina(Rep Of) 3.875% 2022-01-15Argentina1.09
Israel Elec Corp Ltd Mtns Regs 7.25% 2019-01-15Israel1.07
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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