Fact sheet: Muzinich Americayield

Fund information
Fund name
Muzinich Americayield R Hedged Acc EUR
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund managers
  • Dennis Dowdensince 24/07/2003
  • Clint Comeauxsince 24/07/2003
  • Petermann B.since 31/08/2010
  • John Ingallinerasince 24/07/2003
Fund objective
The Fund seeks to generate attractive returns and protect capital.
Benchmark
  • BofA Merrill Lynch US High Yield Cash Pay Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
4.8%
1 Year rank in sector
37/43
Sector
FO Fixed Int - USD High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.58%
Fund size
£2,330m (£2,851m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
72
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd33%
Allianz US HiYd31.6%
Old Mutual MtyInc HiYdBd26.8%
Nomura US Hg Yld Bd12.9%
Morg Stnly US$ HiYd Bd10.2%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA87.8%
    Europe8.2%
    Canada2.6%
    Others0.9%
    Latin America0.6%
  • Others34.4%
    Energy13.3%
    Media12%
    Health Care9.7%
    Telecommunications9%
  • US Fixed Interest87.8%
    European Fixed Interest8.2%
    Canadian Fixed Interest2.6%
    Global Fixed Interest0.9%
    American Emerging Fixed Interest0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.8%2.7%4.8%5.3%24.9%
Sector-0.2%0.8%5.4%8.4%8.6%33.9%
Rank within sector29 / 4539 / 4339 / 4337 / 4320 / 3419 / 23
Quartile3rd4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.5%-2.2%0.7%4.6%11.2%
Sector10.8%-3.1%0.7%6.2%14.1%
Rank within sector38 / 4313 / 3919 / 3425 / 3320 / 24
Quartile4th2nd3rd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.42
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.88
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.52
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.34
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.58
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.93
Price movement
52 week high265.03
52 week low236.73
Current bid price-
Current offer price-
Current mid price260.55
Region
1USA87.82%
2Europe8.16%
3Canada2.62%
4Others0.85%
5Latin America0.55%
Industry sector
1Others34.42%
2Energy13.25%
3Media12.04%
4Health Care9.68%
5Telecommunications9.01%
6Services5.23%
7Paper - Packaging & Printing4.55%
8Utilities4.39%
9Broadcasting3.72%
Asset type
1US Fixed Interest87.82%
2European Fixed Interest8.16%
3Canadian Fixed Interest2.62%
4Global Fixed Interest0.85%
5American Emerging Fixed Interest0.55%
Individual holdings
1CSC HOLDINGS1.74%
2SPRINT COMMUNICATIONS1.73%
3SABINE PASS LIQUEFACTION1.69%
4HCA HLDGS INC1.58%
5T-MOBILE US INC1.56%
6DISH DBS CORP1.47%
7VALEANT PHARMACEUTICALS INTL INC1.45%
8CENTURYLINK INC1.43%
9CCO HLDGS LLC/CAP CORP1.39%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund objective
The Fund seeks to generate attractive returns and protect capital.
Benchmark
  • BofA Merrill Lynch US High Yield Cash Pay Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Dennis Dowden24/07/2003Dennis was formerly with ABN AMRO Inc. where he served as a Director of High Yield Research. Prior to that, Dennis was with Prudential Securities, Inc. as a First Vice President and high yield energy and industrial analyst. Dennis began his career with Standard & Poor's Corp. in New York City. He has a B.A. from St.Peter's College and an M.B.A. from Rutgers University. Dennis holds the Chartered Financial Analyst designation.
Clint Comeaux24/07/2003Clint Comeaux has 4 years of credit experiance. Before joining Muzinich, Clint was a research analyst for high yield and private equity funds to WR Huff Asset Management. Previously, Clint was an Enron manager, responsible for physical trade in forest products sector. Clint is also a chemical engineer, formerly of PPG Industries. He holds a BS in Chemical Engineering, Summa Cum Laude, Tulane, University and an MBA from the Leonard N. Stern School of Business, University of New York
Petermann B.31/08/2010Petermann, Portfolio Manager, who joined Muzinich in September 2010 and prior thereto served as Managing Director, Head of High Yield, at Pinebridge Investments (f/k/a AIG Investments), for the last 5 years of his tenure, (2000- 2010). Each investment professional has served as a Portfolio Manager of the Fund since 2009, except for Mr. Petermann who has served as Portfolio Manager since September 2010
John Ingallinera24/07/2003Prior to joining Muzinich, John was the Head of High Yield Trading at Lehman Brothers, where he also served as a member of the High Yield Operating Committee. Previously John was the Head of High Yield Trading at Kidder Peabody. Earlier John worked as a high yield trader at Citibank and Salomon Brothers. John received a B.A. in Economics from Notre Dame and his M.B.A. in Finance from The University of Chicago, Graduate School of Business.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich Americayield A Acc USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price257.39
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLB06
Muzinich Americayield A Hedged Acc EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price279.66
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLD65
Muzinich Americayield A Hedged Acc GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price163.92
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPZ3
Muzinich Americayield A Hedged Discret EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price261.77
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLK42
Muzinich Americayield A Hedged Inc EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price123.49
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLK43
Muzinich Americayield A Hedged Inc GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price97.83
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDPZ2
Muzinich Americayield A Inc USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.9
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLS48
Muzinich Americayield H Hedged Acc EUR
Initial charge1%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.67
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN6GY
Muzinich Americayield H Hedged Acc USD
Initial charge1%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.92
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFDZ
Muzinich Americayield H Hedged Inc EUR
Initial charge1%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.01
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKL3E
Muzinich Americayield P Hedged Acc EUR
Initial charge-
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.78
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFZW
Muzinich Americayield P Hedged Inc EUR
Initial charge-
Annual charge1.8%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.34
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNG5J
Muzinich Americayield R Acc USD
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price238.47
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLK44
Muzinich Americayield R Hedged Acc EUR
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price260.55
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLK41
Muzinich Americayield R Hedged Acc SEK
Initial charge1%
Annual charge1.5%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.98
CurrencySEK
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWRB
Muzinich Americayield R Hedged CHF
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.99
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWL9
Muzinich Americayield R Hedged Inc CHF
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.92
CurrencyCHF
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z84
Muzinich Americayield R Hedged Inc USD
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.6
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIB3B
Muzinich Americayield S Hedged Acc GBP
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.13
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM1ZD
Muzinich Americayield S Hedged Acc USD
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.76
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBIN
Muzinich Americayield S Hedged CHF
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.48
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWSY
Muzinich Americayield S Hedged Inc GBP
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.79
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN6IK
Data provided by

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