Fact sheet: Muzinich GblHghYld

Fund information
Fund name
Muzinich Global High Yield R Hedged Acc EUR
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund managers
  • Clint Comeauxsince 24/07/2003
  • Petermann B.since 31/08/2010
  • Dennis Dowdensince 24/07/2003
Fund objective
The Fund seeks to generate attractive returns and protect capital.
Benchmark
  • BofA ML Global High Yield BB/B ex. Financial Constr. Index
Investment style
Capital Protection Targeted,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.2%
1 Year rank in sector
50/73
Sector
FO Fixed Int - Global 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.
1.63%
Fund size
£278m (£423m 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
Pioneer SICV-Gbl Hi Yld30.1%
Natixis LoomsSyles HInc21.7%
T. Rowe Price GblHghIncBd12.8%
NN (L) Gl HYd12.2%
T. Rowe Price Gbl HiYld Bd12.2%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA68.7%
    Europe19%
    Latin America3.7%
    Eastern Europe2.8%
    Asia Pacific ex Japan2.4%
  • Others31.4%
    Energy14.5%
    Telecommunications12.6%
    Health Care8.6%
    Media7.6%
  • US Fixed Interest59.9%
    European Fixed Interest25.3%
    American Emerging Fixed Interest7.8%
    Asia Pacific ex Japan Fixed Interest2.8%
    Canadian Fixed Interest2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.8%3.4%6.2%6.2%27.9%
Sector-0%0.2%4.8%7.8%9%32.9%
Rank within sector51 / 8263 / 7950 / 7550 / 7341 / 5829 / 43
Quartile3rd4th3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.9%-2.8%0.7%5.3%13.5%
Sector9.7%-2.5%1.4%5.2%15.5%
Rank within sector49 / 7330 / 6544 / 5834 / 4936 / 43
Quartile3rd2nd4th3rd4th
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.
-0.79
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.
0.97
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%.
4.7
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.
1.21
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.
-0.74
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 high281.9
52 week low248.17
Current bid price-
Current offer price-
Current mid price277.45
Region
1USA68.71%
2Europe19.04%
3Latin America3.66%
4Eastern Europe2.8%
5Asia Pacific ex Japan2.38%
6Others1.46%
7Canada1.43%
8Middle East/ Africa0.52%
Industry sector
1Others31.42%
2Energy14.5%
3Telecommunications12.58%
4Health Care8.57%
5Media7.61%
6Technology5.52%
7Utilities5.03%
8Banks4.43%
9Services4.32%
Asset type
1US Fixed Interest59.93%
2European Fixed Interest25.27%
3American Emerging Fixed Interest7.79%
4Asia Pacific ex Japan Fixed Interest2.75%
5Canadian Fixed Interest1.97%
6Middle East & African Fixed Interest1.57%
7Global Fixed Interest0.72%
Individual holdings
1PETROBRAS GLOBAL FINANCE BV2.3%
2SPRINT COMMUNICATIONS1.98%
3HCA HLDGS INC1.35%
4CSC HOLDINGS1.33%
5SABINE PASS LIQUEFACTION1.25%
6T-MOBILE USA, INC.1.23%
7SFR GROUP1.21%
8TELEFONICA EUROPE BV1.17%
9PLAY FINANCE 2 SA1.09%
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 ML Global High Yield BB/B ex. Financial Constr. Index
Investment style
Capital Protection Targeted,High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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
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.
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
Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich Global High Yield A Hedged Acc EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price292.88
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLK47
Muzinich Global High Yield A Hedged Acc GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price223.5
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLK48
Muzinich Global High Yield A Hedged Acc SEK
Initial charge-
Annual charge1%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.62
CurrencySEK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJRJP
Muzinich Global High Yield A Hedged Acc USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.07
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGW9R
Muzinich Global High Yield A Hedged Inc GBP
Initial charge-
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.11
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLK49
Muzinich Global High Yield H Hedged Acc NOK
Initial charge-
Annual charge0.65%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.18
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN10X
Muzinich Global High Yield M Hedged Acc NOK
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.88
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNDUH
Muzinich Global High Yield 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 price98.97
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFCA
Muzinich Global High Yield R Hedged Acc EUR
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price277.45
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPZ1
Muzinich Global High Yield S Discretionary Hedged EUR
Initial charge1%
Annual charge0.55%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.55
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGT5T
Muzinich Global High Yield S Hedged Acc JPY
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0116
CurrencyJPY
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBWP
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.