Muzinich Global Tactical Credit Fund Hedged USD Accumulation H Units

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Performance History31/10/2024
Growth of 1,000 (GBP) Advanced Graph
Muzinich Global Tactical Credit Fund Hedged USD Accumulation H Units
Fund3.11.62.91.12.5
+/-Cat0.80.5-0.1-0.7-1.4
+/-B’mrk0.62.44.30.40.6
 
Key Stats
NAV
21/11/2024
 USD 132.55
Day Change 0.25%
Morningstar Category™ Global Flexible Bond - USD Hedged
ISIN IE00BTDCRF92
Fund Size (Mil)
21/11/2024
 USD 1810.03
Share Class Size (Mil)
21/11/2024
 USD 34.45
Max Initial Charge 1.00%
Ongoing Charge
15/02/2024
  0.84%
Morningstar Research
Analyst Report01/08/2024
Giovanni Cafaro, Analyst
Morningstar, Inc

Muzinich Global Tactical Credit's large and seasoned team headed by a very experienced leader has consistently and successfully executed a disciplined credit-focused approach. The strategy earns a Morningstar Analyst Rating of Gold on its clean...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process25
Performance
Price
Investment Objective: Muzinich Global Tactical Credit Fund Hedged USD Accumulation H Units
The Fund seeks to generate consistent attractive returns on a risk-adjusted basis over a three to five year period. The Investment Manager seeks to meet its objective primarily through investments in high yield (i.e. sub-investment grade) corporate bonds and/or investment grade corporate and government bonds issued by US, European and emerging market issuers. The flexible allocation between high yield and investment grade, and among various geographies, will be determined primarily based on a relative value assessment across global credit markets. The Investment Manager will primarily invest in fixed and/or floating rate corporate and government bonds issued by US, European and emerging market issuers (normally less than 40% of the Net Asset Value of the Fund will be invested in emerging market issuers), which are listed and/or traded on a Recognised Exchange.
Returns
Trailing Returns (GBP)21/11/2024
YTD4.62
3 Years Annualised2.73
5 Years Annualised2.33
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael McEachern
10/02/2014
Inception Date
26/02/2015
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
3-Month LIBORMorningstar Gbl Core Bd GR Hdg USD
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeYes
HedgingYes
OtherYes
Portfolio Profile for  Muzinich Global Tactical Credit Fund Hedged USD Accumulation H Units31/10/2024
Fixed Income
Effective Maturity7.41
Effective Duration4.88
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond94.550.0494.51
Property0.000.000.00
Cash4.580.004.58
Other0.910.000.91

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)
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