Fact sheet: Muzinich Europeyield

Fund information
Fund name
Muzinich Europeyield R Hedged SEK
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund manager
  • Tatjana Greil-Castrosince 14/06/2000
Fund objective
The Fund seeks to generate attractive returns and protect capital.
Benchmark
  • BofA Merrill Lynch European Currency Non-Financial High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.2%
1 Year rank in sector
7/29
Sector
FO Fixed Int - EUR 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.
1.6%
Fund size
£900m (£1,107m 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.
70
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd26.2%
Pioneer SICV-Eur Hi Yd24.4%
Deutsche Inv I EurHiYdCorp7.9%
Nordea 1 Europ HgYdBd II6.2%
Oddo CmpsEuHiYdBd6.1%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Europe70.9%
    USA15.1%
    Eastern Europe9.2%
    Latin America2.3%
    Others1.4%
  • Others29.8%
    Media11.4%
    Telecommunications10.9%
    Utilities8.4%
    Real Estate & Construction7.1%
  • European Fixed Interest80.1%
    US Fixed Interest15.1%
    American Emerging Fixed Interest2.3%
    Global Fixed Interest1.4%
    Middle East & African Fixed Interest0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.5%2.7%5.2%15.2%55.3%
Sector-0.8%-0.8%2.7%4.5%11.2%48.4%
Rank within sector10 / 288 / 2912 / 297 / 297 / 255 / 20
Quartile2nd2nd2nd1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund6.4%2%5.4%8.5%24.3%
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector10 / 296 / 294 / 2511 / 245 / 21
Quartile2nd1st1st2nd1st
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.
1.58
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.
0.89
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.
0.36
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%.
3.81
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.
0.81
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.
1.47
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.
0.97
Price movement
52 week high142.12
52 week low128.41
Current bid price-
Current offer price-
Current mid price141
Region
1Europe70.94%
2USA15.12%
3Eastern Europe9.15%
4Latin America2.31%
5Others1.39%
6Middle East/ Africa0.83%
7Canada0.26%
Industry sector
1Others29.82%
2Media11.38%
3Telecommunications10.87%
4Utilities8.42%
5Real Estate & Construction7.12%
6Financial Services6.68%
7Automotive6.5%
8Chemicals6%
9Energy5.93%
Asset type
1European Fixed Interest80.09%
2US Fixed Interest15.12%
3American Emerging Fixed Interest2.31%
4Global Fixed Interest1.39%
5Middle East & African Fixed Interest0.83%
6Canadian Fixed Interest0.26%
Individual holdings
1ENEL SPA2.7%
2TELEFONICA EUROPE BV2.32%
3PETROBRAS GLOBAL FINANCE2.25%
4VIRGIN MEDIA SECURED FIN2.15%
5CABLE COMM SYST NV2.05%
6FIAT CHRYSLER FINANCE EU2.01%
7INEOS GROUP HOLDINGS1.85%
8ALTICE FINCO SA1.84%
9HEIDELBERGCEMENT FIN LUX1.84%
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 European Currency Non-Financial High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Tatjana Greil-Castro14/06/2000Tatjana 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, Distributor Status, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Colombia, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich Europeyield A Acc USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.78
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKE2Q
Muzinich Europeyield A EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price214.14
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLB11
Muzinich Europeyield A GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.5
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIXO9
Muzinich Europeyield A Hedged GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.53
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKFYW
Muzinich Europeyield A Inc EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price78.96
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLB12
Muzinich Europeyield H Hedged EUR
Initial charge1%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.49
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJYHY
Muzinich Europeyield P Hedged Acc EUR
Initial charge-
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.32
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND2L
Muzinich Europeyield 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 price99.12
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNG5K
Muzinich Europeyield R Hedged Acc EUR
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.77
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0VD
Muzinich Europeyield R Hedged Acc USD
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.58
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSGH
Muzinich Europeyield R Hedged SEK
Initial charge1%
Annual charge1.5%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price141
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNBV2
Muzinich Europeyield S Hedged EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.17
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKFYX
Muzinich Europeyield S Hedged GBP
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.48
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKHLN
Muzinich Europeyield S Hedged JPY
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0702
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMDSI
Muzinich Europeyield S Hedged USD
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.49
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKGEP
Data provided by

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