Fact sheet: Muzinich Enhcdyld ST

Fund information
Fund name
Muzinich Enhancedyield Short Term R Acc EUR
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund manager
  • Tatjana Greil-Castrosince 26/12/2003
Fund objective
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds.
Benchmark
  • BofA Merrill Lynch German Federal Govt (1-3 Yr) Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Quick stats
1 Year return
2.9%
1 Year rank in sector
131/294
Sector
FO Fixed Int - Global
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.
0.83%
Fund size
£4,878m (£3,132m 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.
67
Top in this sector
Fund name1 Year
Capital Group GHIOL35.6%
Dodge & Cox Global Bond26.5%
SKAGEN Tellus24.9%
Morg Stnly Gbl Mrtg Securts24.4%
HSBC GIF Gbl AsBk Bd24.3%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Europe48%
    USA30.3%
    Asia Pacific ex Japan8.5%
    Eastern Europe3.2%
    Latin America2.4%
  • Others23.6%
    Banks14.3%
    Telecommunications9.6%
    Energy9.2%
    Automotive8.3%
  • European Fixed Interest51.2%
    US Fixed Interest30.3%
    Asia Pacific ex Japan Fixed Interest8.5%
    American Emerging Fixed Interest2.4%
    Money Market2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.3%0.6%2.9%4.6%15.6%
Sector-1.7%-2.3%0.6%3.4%6%13.5%
Rank within sector58 / 31465 / 311132 / 306131 / 294135 / 23575 / 169
Quartile1st1st2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.2%0%1.1%3%7.3%
Sector4%-1.6%3.7%-1.6%8.2%
Rank within sector152 / 29883 / 274173 / 23527 / 20687 / 171
Quartile3rd2nd3rd1st3rd
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.
0.76
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.
0.37
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%.
1.32
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.
1.95
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.
-0.21
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.
0.61
Price movement
52 week high139.82
52 week low134.06
Current bid price-
Current offer price-
Current mid price139.29
Region
1Europe48.01%
2USA30.32%
3Asia Pacific ex Japan8.48%
4Eastern Europe3.22%
5Latin America2.39%
6Money Market2.33%
7Middle East/ Africa2.28%
8Others1.83%
9Canada1.14%
Industry sector
1Others23.64%
2Banks14.33%
3Telecommunications9.55%
4Energy9.22%
5Automotive8.34%
6Utilities6.93%
7Financial Services6.5%
8Media5.57%
9Real Estate & Construction5.05%
Asset type
1European Fixed Interest51.23%
2US Fixed Interest30.32%
3Asia Pacific ex Japan Fixed Interest8.48%
4American Emerging Fixed Interest2.39%
5Money Market2.33%
6Middle East & African Fixed Interest2.28%
7Global Fixed Interest1.83%
8Canadian Fixed Interest1.14%
Individual holdings
1FORD MOTOR CREDIT CO LLC1.95%
2GLENCORE FINANCE EUROPE1.91%
3KRAFT HEINZ CO(THE)1.83%
4LINCOLN FINANCE LTD1.75%
5PETROLEOS MEXICANOS1.63%
6INTESA SANPAOLO SPA1.51%
7Arcelormittal1.39%
8TELECOM ITALIA SPA(NEW)1.39%
9EP ENERGY CORP1.36%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund objective
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds.
Benchmark
  • BofA Merrill Lynch German Federal Govt (1-3 Yr) Index
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Tatjana Greil-Castro26/12/2003Tatjana came to Muzinich from Metlife Investments, where she served as an Associate Director of the High Return Unit. Earlier, Tatjana worked as Senior Portfolio Manager in European High Yield for Fortis Investments and as a portfolio manager and credit analyst at Legal & General Investment Management. She started her career as a high yield telecom analyst with Merril Lynch. She has a PhD from the London School of Economics & Political Science, a Masters from the Kiel Institute of World Economics in Gemany, and an Msc/BS in Economics from the University of Vienna.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Andorra, Austria, Belgium, Switzerland, Colombia, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Mauritius, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich Enhancedyield Short Term A Acc EUR
Initial charge1%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.48%
Bid price-
Offer price-
Mid price157.62
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLK45
Muzinich Enhancedyield Short Term A Hedged Acc CHF
Initial charge1%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.84
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJPXC
Muzinich Enhancedyield Short Term A Hedged Acc USD
Initial charge1%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price164.59
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLK46
Muzinich Enhancedyield Short Term A Hedged Inc GBP
Initial charge1%
Annual charge0.45%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.91
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI1T4
Muzinich Enhancedyield Short Term A Hedged Inc USD
Initial charge1%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.03
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM84B
Muzinich Enhancedyield Short Term A Inc EUR
Initial charge1%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.75
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5EF
Muzinich Enhancedyield Short Term M Hedged Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.69
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE50Y
Muzinich Enhancedyield Short Term P Hedged Acc EUR
Initial charge-
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.9
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND2K
Muzinich Enhancedyield Short Term R Acc EUR
Initial charge1%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.29
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4D2
Muzinich Enhancedyield Short Term R Hedged Acc CHF
Initial charge1%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.45
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIMJ0
Muzinich Enhancedyield Short Term R Hedged Acc USD
Initial charge1%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.52
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeACEF
Muzinich Enhancedyield Short Term R Hedged Inc EUR
Initial charge1%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.35
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKQ3U
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