Fact sheet: Muzinich Lg/ShtCrYld

Fund information
Fund name
Muzinich LongShort Credit Yield Hedged Non Equalisation Acc EUR
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund manager
No data available.
Fund objective
The Fund seeks to generate consistent attractive returns on a risk-adjusted basis over a three to five year period.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
1%
1 Year rank in sector
43/43
Sector
FO Fixed Int - USD 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.
1.67%
Fund size
£1,962m (£1,463m 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.
66
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd33%
Allianz US HiYd31.6%
Old Mutual MtyInc HiYdBd26.8%
Nomura US Hg Yld Bd12.9%
Morg Stnly US$ HiYd Bd10.2%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA51.4%
    Others32.8%
    Canada3.4%
    Germany3.3%
    Netherlands2.5%
  • Others36%
    Food, Beverages and Tobacco13%
    Telecommunications12.3%
    Health Care10%
    Media9.6%
  • US Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.5%0.4%1%5.1%-
Sector-0.2%0.8%5.4%8.4%8.6%33.9%
Rank within sector16 / 4537 / 4343 / 4343 / 4321 / 34-
Quartile2nd4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.7%0.7%2.3%--
Sector10.8%-3.1%0.7%6.2%14.1%
Rank within sector43 / 434 / 3911 / 34--
Quartile4th1st2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high106.22
52 week low103.55
Current bid price-
Current offer price-
Current mid price105.59
Region
1USA51.44%
2Others32.76%
3Canada3.36%
4Germany3.31%
5Netherlands2.52%
6New Zealand1.81%
7UK1.4%
8Luxembourg1.11%
9Belgium1.02%
Industry sector
1Others36%
2Food, Beverages and Tobacco12.98%
3Telecommunications12.31%
4Health Care10%
5Media9.56%
6Retail5.05%
7Energy4.6%
8Restaurants & Pubs3.41%
9Services3.15%
Asset type
1US Fixed Interest100%
Individual holdings
1TREASURY BILL15.37%
2AT&T INC5.55%
3CONSTELLATION BRANDS INC3.04%
4HCA HLDGS INC2.51%
5L BRANDS INC2.18%
6Telesat Canada2.06%
7ALLY FINANCIAL INC1.86%
8DISH DBS CORP1.8%
9Jarden Corp ORD1.73%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
OEIC
Fund objective
The Fund seeks to generate consistent attractive returns on a risk-adjusted basis over a three to five year period.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Muzinich LongShort Credit Yield A Hedged Non Equalisation Acc EUR
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.5
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLOW
Muzinich LongShort Credit Yield A Hedged Non Equalisation Acc USD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.96
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLOX
Muzinich LongShort Credit Yield Hedged CHF
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.35
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGVUW
Muzinich LongShort Credit Yield Hedged EUR
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.06
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG59P
Muzinich LongShort Credit Yield Hedged GBP
Initial charge1%
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.84
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG59Q
Muzinich LongShort Credit Yield Hedged NP Acc EUR
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.35
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNE2D
Muzinich LongShort Credit Yield Hedged NR Inc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.68
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPTL
Muzinich LongShort Credit Yield Hedged NR Inc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.21
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPTM
Muzinich LongShort Credit Yield Hedged Non Equalisation A Acc CHF
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.25
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKMZX
Muzinich LongShort Credit Yield Hedged Non Equalisation A Acc GBP
Initial charge-
Annual charge1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.59
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJIL
Muzinich LongShort Credit Yield Hedged Non Equalisation Acc EUR
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.59
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJWDC
Muzinich LongShort Credit Yield Hedged Non Equalisation Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.5
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKHHG
Muzinich LongShort Credit Yield Hedged Non Equalisation CHF
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.19
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKLLY
Muzinich LongShort Credit Yield Hedged Non Equalisation GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.04
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKMSY
Muzinich LongShort Credit Yield Hedged USD
Initial charge1%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.98
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG78M
Muzinich LongShort Credit Yield NJ Hedged Acc EUR
Initial charge-
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.76
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMW3C
Muzinich LongShort Credit Yield NJ Hedged Acc USD
Initial charge-
Annual charge1%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.08
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM8CV
Data provided by

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