Fact sheet: Muzinich GblHghYld

Fund information
Fund name
Muzinich Global High Yield R Hedged Acc EUR
Fund manager company
Muzinich & Co
Fund type
Unit Trust
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
12.6%
1 Year rank in sector
45/74
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 (£396m 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.
31
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld38.1%
Natixis LoomsSyles HInc30.1%
Franklin High Yield24%
NN (L) Gl HYd22.7%
Schroder ISFGbHiIBd22.2%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA58.7%
    Europe22.7%
    Latin America8.2%
    Eastern Europe4.3%
    Asia Pacific ex Japan2.4%
  • Others31.3%
    Energy14.3%
    Telecommunications12.8%
    Media8.2%
    Health Care6.5%
  • US Fixed Interest58.7%
    European Fixed Interest26.9%
    American Emerging Fixed Interest8.2%
    Asia Pacific ex Japan Fixed Interest2.4%
    Canadian Fixed Interest2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.2%2.9%12.6%7.2%27.3%
Sector1.2%1.7%4.2%14%10.1%33%
Rank within sector59 / 8554 / 8057 / 7845 / 7444 / 6129 / 43
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.7%9.6%-2.8%0.7%5.3%
Sector0.7%11.4%-2.5%1.4%5.2%
Rank within sector59 / 8546 / 7433 / 6746 / 6134 / 50
Quartile3rd3rd2nd4th3rd
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.
-0.77
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%.
4.76
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.
-0.73
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.
0.94
Price movement
52 week high283.59
52 week low248.17
Current bid price-
Current offer price-
Current mid price283.46
Region
1USA58.69%
2Europe22.66%
3Latin America8.18%
4Eastern Europe4.28%
5Asia Pacific ex Japan2.37%
6Canada1.98%
7Middle East/ Africa1.07%
8Others0.77%
Industry sector
1Others31.34%
2Energy14.29%
3Telecommunications12.82%
4Media8.2%
5Health Care6.45%
6Technology5.96%
7Utilities5.71%
8Mineral Extraction4.22%
9Banks4.08%
Asset type
1US Fixed Interest58.69%
2European Fixed Interest26.94%
3American Emerging Fixed Interest8.18%
4Asia Pacific ex Japan Fixed Interest2.37%
5Canadian Fixed Interest1.98%
6Middle East & African Fixed Interest1.07%
7Global Fixed Interest0.77%
Individual holdings
1PETROBRAS GLOBAL FINANCE BV2.38%
2SPRINT COMMUNICATIONS2.14%
3CSC HOLDINGS1.45%
4T-MOBILE USA, INC.1.33%
5VALE SA1.3%
6SFR GROUP1.25%
7TELEFONICA EUROPE BV1.19%
8PLAY FINANCE 2 SA1.13%
9DELL SOFTWARE GROUP1.11%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
Unit Trust
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 price299.4
CurrencyEUR
Price updated13/01/2017
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 price228.83
CurrencyGBP
Price updated13/01/2017
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 price114.15
CurrencySEK
Price updated13/01/2017
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 price121
CurrencyUSD
Price updated13/01/2017
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 price98.39
CurrencyGBP
Price updated13/01/2017
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 price110.91
CurrencyNOK
Price updated13/01/2017
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 price102.37
CurrencyNOK
Price updated13/01/2017
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 price101.08
CurrencyEUR
Price updated13/01/2017
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 price283.46
CurrencyEUR
Price updated13/01/2017
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 price98.75
CurrencyEUR
Price updated13/01/2017
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 price1.0343
CurrencyJPY
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBWP
Data provided by

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