Fact sheet: Muzinich Sht Drtn HiYd

Fund information
Fund name
Muzinich Short Duration High Yield Hedged Acc USD
Fund manager company
Muzinich & Co
Fund type
Unit Trust
Fund manager
No data available.
Fund objective
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7.1%
1 Year rank in sector
-
Sector
FO Fixed Int - USD Short/ Medium Maturity
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.
0.86%
Fund size
£4,534m (£4,070m 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.
16
Top in this sector
Fund name1 Year
AXA WF EM Shrt Dur Bds8.3%
Muzinich Sht Drtn HiYd7.1%
UBS (L)BdSVStDuHiYl$5.2%
Mirabaud US Short Tm Cr4%
Franklin US Low Duration3.6%
...more in FO Fixed Int - USD Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • USA80.3%
    Europe11.9%
    Others2.7%
    Canada2.3%
    Latin America1.9%
  • Others40.2%
    Media12%
    Health Care9.9%
    Telecommunications8.7%
    Energy5.8%
  • US Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.6%1.6%7.1%5.6%15.2%
Sector0.2%0.8%0.3%3.4%3.6%6.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.6%5.7%0.1%-0.4%3.9%
Sector0.4%3.2%-0.1%0.4%0.9%
Rank within sector-----
Quartile
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.
0.14
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.
1.49
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%.
2.52
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.
1.91
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.
0.36
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.
0.48
Price movement
52 week high123.65
52 week low115.56
Current bid price-
Current offer price-
Current mid price123.61
Region
1USA80.27%
2Europe11.86%
3Others2.68%
4Canada2.31%
5Latin America1.92%
6Asia Pacific ex Japan0.63%
7Middle East/ Africa0.33%
Industry sector
1Others40.2%
2Media12.01%
3Health Care9.86%
4Telecommunications8.74%
5Energy5.81%
6Paper - Packaging & Printing5.16%
7Broadcasting4.84%
8Technology4.6%
9Food, Beverages and Tobacco4.41%
Asset type
1US Fixed Interest100%
Individual holdings
1REYNOLDS GRP ISS/REYNOLD1.59%
2CCO HLDGS LLC/CAP CORP1.57%
3ALLY FINANCIAL INC1.51%
4ARDAGH PKG FIN/HLDGS USA1.49%
5INTL LEASE FINANCE CORP1.31%
6T-MOBILE USA, INC.1.31%
7TEGNA INC1.31%
8CSC HOLDINGS LLC1.29%
9TENET HEALTHCARE CORP1.29%
Management
Fund manager group
Muzinich & Co
Fund manager company
Muzinich & Co
Fund type
Unit Trust
Fund objective
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds.
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, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Muzinich Short Duration High Yield H Quarterly Unit
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.84
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN74K
Muzinich Short Duration High Yield Hdg H Acc CHF
Initial charge1%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.39
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLGV
Muzinich Short Duration High Yield Hdg H Acc EUR
Initial charge1%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.27
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIB3A
Muzinich Short Duration High Yield Hdg H Acc USD
Initial charge1%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.54
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIAEY
Muzinich Short Duration High Yield Hdg H Inc CHF
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price93.14
CurrencyCHF
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM4LF
Muzinich Short Duration High Yield Hdg H Inc EUR
Initial charge1%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.6
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI9FO
Muzinich Short Duration High Yield Hdg H Inc GBP
Initial charge1%
Annual charge0.6%
Min single investment£4,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.14
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI62O
Muzinich Short Duration High Yield Hdg H Inc USD
Initial charge1%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.74
CurrencyUSD
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI9FP
Muzinich Short Duration High Yield Hedged Acc CAD
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.17
CurrencyCAD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY7
Muzinich Short Duration High Yield Hedged Acc CHF
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.43
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code05R7
Muzinich Short Duration High Yield Hedged Acc EUR
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.63
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY8
Muzinich Short Duration High Yield Hedged Acc GBP
Initial charge1%
Annual charge0.8%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.45
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJVYU
Muzinich Short Duration High Yield Hedged Acc USD
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.61
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY9
Muzinich Short Duration High Yield Hedged Inc EUR
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.19
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI28Y
Muzinich Short Duration High Yield Hedged Inc GBP
Initial charge1%
Annual charge0.8%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.14
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLSZ0
Muzinich Short Duration High Yield Hedged Inc USD
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.87
CurrencyUSD
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0QTA
Muzinich Short Duration High Yield Hedged R Acc GBP
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.73
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code05F1
Muzinich Short Duration High Yield Hedged R CHF
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.53
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY5
Muzinich Short Duration High Yield Hedged R EUR
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.2
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY4
Muzinich Short Duration High Yield Hedged R Inc EUR
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.71
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ7XP
Muzinich Short Duration High Yield Hedged R Inc GBP
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.2
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code05F2
Muzinich Short Duration High Yield Hedged R Inc SGD
Initial charge1%
Annual charge1.15%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.75
CurrencySGD
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKFLB
Muzinich Short Duration High Yield Hedged R Inc USD
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.61
CurrencyUSD
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeICPG
Muzinich Short Duration High Yield Hedged R NOK
Initial charge1%
Annual charge1.1%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.63
CurrencyNOK
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA03T
Muzinich Short Duration High Yield Hedged R SEK
Initial charge1%
Annual charge1.1%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.56
CurrencySEK
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0UU
Muzinich Short Duration High Yield Hedged R USD
Initial charge1%
Annual charge1.1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price121.16
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSY6
Muzinich Short Duration High Yield Hedged S Acc EUR
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.5
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJFQY
Muzinich Short Duration High Yield Hedged S EUR
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.03
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJDIE
Muzinich Short Duration High Yield Hedged S GBP
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.49
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GHM
Muzinich Short Duration High Yield Hedged S Inc USD
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.09
CurrencyUSD
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJQCK
Muzinich Short Duration High Yield Hedged S JPY
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.8689
CurrencyJPY
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGWAL
Muzinich Short Duration High Yield Hedged S USD
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.39
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeICPH
Muzinich Short Duration High Yield 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 price100.54
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND2N
Muzinich Short Duration High Yield P Hedged Acc USD
Initial charge1%
Annual charge1.4%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.13
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKI2F
Muzinich Short Duration High Yield S Discretionary Hedged GBP
Initial charge-
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.58
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUAY
Muzinich Short Duration High Yield S Hedged Acc CHF
Initial charge1%
Annual charge0.5%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.56
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJVSW
Data provided by

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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.