Fact sheet: Muzinich Gbl Tct Crdt

Fund information
Fund name
Muzinich Global Tactical Credit Hedged Founder Acc GBP
Fund manager company
Muzinich & Co
Fund type
Unit Trust
Fund managers
  • Thomas Samsonsince 13/11/2013
  • Warren Hylandsince 13/11/2013
  • Mike McEachernsince 13/11/2013
Fund objective
The Fund seeks to generate consistent attractive returns on a risk-adjusted basis over a three to five year period.
Benchmark
  • 3 Month USD Libor + 500 basis points
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.8%
1 Year rank in sector
56/295
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.
0.48%
Fund size
£873m (£510m 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.
15
Top in this sector
Fund name1 Year
Capital Group GHIOL35.6%
Dodge & Cox Global Bond27.3%
HSBC GIF Gbl AsBk Bd24.3%
SKAGEN Tellus23.4%
Russell Gbl Bd23.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA69.4%
    Europe7.6%
    Latin America6.7%
    Eastern Europe4.7%
    Middle East/ Africa3.9%
  • Others25.3%
    Energy17.5%
    Telecommunications12.8%
    Health Care9.4%
    Banks7.4%
  • US Fixed Interest69.4%
    European Fixed Interest12.3%
    American Emerging Fixed Interest6.7%
    Middle East & African Fixed Interest3.9%
    Asia Pacific ex Japan Fixed Interest3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.8%1.5%5.8%12.5%-
Sector-1.6%-2.1%0.7%3.5%6.2%13.7%
Rank within sector73 / 31595 / 31298 / 30656 / 29558 / 235-
Quartile1st2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.1%1.9%3.5%--
Sector4.2%-1.6%3.7%-1.6%8.2%
Rank within sector66 / 29834 / 274127 / 235--
Quartile1st1st3rd
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.
2.64
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.
0.69
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.
0.19
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%.
2.29
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.
1.52
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.
1.34
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.
0.7
Price movement
52 week high114.21
52 week low106.21
Current bid price-
Current offer price-
Current mid price112.97
Region
1USA69.42%
2Europe7.55%
3Latin America6.71%
4Eastern Europe4.71%
5Middle East/ Africa3.86%
6Asia Pacific ex Japan3.74%
7Canada3.01%
8Others1%
Industry sector
1Others25.33%
2Energy17.45%
3Telecommunications12.81%
4Health Care9.43%
5Banks7.42%
6Media6.65%
7Food, Beverages and Tobacco6.13%
8Utilities4.32%
9Retail4.1%
Asset type
1US Fixed Interest69.42%
2European Fixed Interest12.26%
3American Emerging Fixed Interest6.71%
4Middle East & African Fixed Interest3.86%
5Asia Pacific ex Japan Fixed Interest3.74%
6Canadian Fixed Interest3.01%
7Global Fixed Interest1%
Individual holdings
1TREASURY BILL3.6%
2SABINE PASS LIQUEFACTION3.17%
3 PETROBRAS GLOBAL FINANCE2.27%
4 ACTIVISION BLIZZARD2%
5T-MOBILE USA INC1.94%
6 DOLLAR TREE INC1.88%
7 NEWELL BRANDS INC1.55%
8 RESTAURANT BRANDS1.5%
9 CCO HLDGS LLC/CAP CORP1.4%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
Unit Trust
Fund objective
The Fund seeks to generate consistent attractive returns on a risk-adjusted basis over a three to five year period.
Benchmark
  • 3 Month USD Libor + 500 basis points
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thomas Samson13/11/2013Prior to joining Muzinich, Thomas was an investment analyst at Trafalgar where he developed valuation models for high-yield debt and formulated investment recommendations. Previously he worked as a financial analyst at GE Capital. Thomas has an MBA from the London Business School, holds the Chartered Financial Analyst designation, and has a M.Sc. in Corporate Finance from the Institut d’Etudes Politiques de Paris, France.
Warren Hyland13/11/2013Warren came to Muzinich from Schroders, where he was a Global Portfolio Manager and later, the Senior Portfolio Manager for Global Emerging Markets. In the latter role, he managed about $2 billion and helped to develop the firm’s emerging markets corporate capabilities. Previously, Warren was the Head of European Money Markets at UniCredito Italiano. Warren has a BSc in Mathematics for Business from the Middlesex University London, and later received his MSc in Shipping Trade and Finance from the CASS Business School. He holds the Chartered Financial Analyst designation.
Mike McEachern13/11/2013Prior to joining Muzinich, Michael was president and Head of the High Yield Division at Seix Advisors, Inc. At Seix Advisors, Michael was the founding partner of the high yield strategy that grew to over $13 billion under his leadership. Prior to Seix Advisors, Michael served in various research and portfolio management capacities at American General Corp. and at Capital Holding Corporation. Michael holds a B.A. in Management Science from the University of California, San Diego, and an M.B.A. from Rice University. Michael holds the Chartered Financial Analyst Designation.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich Global Tactical Credit A Hedged Acc EUR
Initial charge-
Annual charge1.05%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.13
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK3WU
Muzinich Global Tactical Credit A Hedged Acc GBP
Initial charge-
Annual charge1.05%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.94
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLYR
Muzinich Global Tactical Credit A Hedged Acc USD
Initial charge-
Annual charge1.05%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.68
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK8HE
Muzinich Global Tactical Credit H Hedged Acc EUR
Initial charge-
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.11
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM0JI
Muzinich Global Tactical Credit H Hedged Acc USD
Initial charge-
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.56
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBNCD
Muzinich Global Tactical Credit H Hedged Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.1
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN5ZN
Muzinich Global Tactical Credit H Hedged Inc USD
Initial charge-
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.21
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNO3P
Muzinich Global Tactical Credit Hedged Founder Acc GBP
Initial charge1%
Annual charge0.29%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.97
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJU1L
Muzinich Global Tactical Credit Hedged Founder Inc CHF
Initial charge1%
Annual charge0.29%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.19
CurrencyCHF
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJW0G
Muzinich Global Tactical Credit Hedged Founder Inc EUR
Initial charge1%
Annual charge0.29%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.09
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJW0H
Muzinich Global Tactical Credit Hedged Founder Inc GBP
Initial charge1%
Annual charge0.29%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.26
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJU1I
Muzinich Global Tactical Credit Hedged Founder Inc USD
Initial charge1%
Annual charge0.29%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.14
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJW0I
Muzinich Global Tactical Credit 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 price98.68
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND2M
Muzinich Global Tactical Credit R Hedged EUR
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.27
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMBWF
Muzinich Global Tactical Credit R Hedged USD
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.62
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKR3J
Muzinich Global Tactical Credit S Hedged Acc USD
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.32
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4ZG
Muzinich Global Tactical Credit S Hedged Inc CHF
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 price97.7
CurrencyCHF
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNEZG
Muzinich Global Tactical Credit S Hedged Inc GBP
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.83
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK3WV
Muzinich Global Tactical Credit S Hedged Inc USD
Initial charge-
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.54
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKPXM
Muzinich Global Tactical Credit X Hedged Inc EUR
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.58
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMKCR
Data provided by

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