Muzinich Europeyield A GBP Hdg Inc (FUND:BJVWTD3) - Overview

Fund Report

Muzinich Europeyield Fund Hedged GBP Income A Units

Key Stats
Morningstar® CategoryHigh Yield Bond - Other Hedged
Manager Name-
Inception Date08/05/2014
NAV 26/10/2016GBP 104.29
Day Change-0.08%
12 Month Yield4.36%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/2016993.12 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 Charge1.10%
Fund Rebate-

Morningstar Rating™

Not Rated


Fund Benchmark

BofAML BB-B Eur Non-fin HY Cons Hdg EUR

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: Muzinich Europeyield Fund Hedged GBP Income A Units
  • Category: High Yield Bond - Other Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 26/10/2016
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Sub-Fund primarily invests in publicly traded debt securities (including notes and bonds) of European corporate borrowers and Euro denominated debt securities of North American corporate borrowers generally traded on Recognized Exchanges in the European Union. It seeks to generate superior yields through the Investment Manager's careful selection of debt securities that at the time of purchase normally have a rating of less than "A" by Moody's (or as deemed equivalent by the Investment Manager) but which have been issued by what the Investment Manager on sides to be sound well positioned enterprises possessing attractive longer term prospects.

Portfolio Profile31/08/2016

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 Bond91.88
Cash & Equivalents6.51
Bank Loan1.06
Commercial Mortgage Backed0.54
Top Holdings
IncreaseDecreaseNew since last portfolio
Heidelbergcement F 8% 2017-01-31Luxembourg1.86
Deutsche Raststatt 6.75% 2020-12-30Germany1.43
IncreaseKon Kpn Nv 6.875% 2073-03-14Netherlands1.30
IncreaseMpt Oper Partnersh 4% 2022-08-19United States1.30
Akelius Resident P 3.375% 2020-09-23Sweden1.28
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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