Muzinich ShortDurationHighYield Fund Hedged CAD Accumulation A Units
IE00B4NX6M79
Muzinich ShortDurationHighYield Fund Hedged CAD Accumulation A Units/ IE00B4NX6M79 /
NAV2024-06-12 |
Chg.+0.3700 |
Type of yield |
Investment Focus |
Investment company |
152.2100CAD |
+0.24% |
reinvestment |
Bonds
North America
|
Muzinich & Co. (IE) ▶ |
Investment strategy
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds. In order to control risk, the portfolio is well-diversified across more than 100 bond issuers and 20 industries. The Investment Manager may use derivatives to hedge investments in the Fund's securities and their related assets, markets and currencies. Derivatives are financial instruments whose value is linked to the price of an underlying asset.
The Muzinich ShortDurationHighYield Fund invests primarily in high yield (sub investment grade) corporate bonds, with short maturities or short duration-to-worst. Duration-to-worst denotes how sensitive a bond is to changes in the general interest rate environment with shorter durations denoting less sensitivity. It is calculated assuming a bond will be repaid at the date most advantageous to the issuer even if that occurs before the bond's stated maturity date. These bonds, which are mainly priced in US Dollars, are issued primarily by North American companies. The Fund is actively managed and run on an entirely discretionary basis. The Fund is not managed in reference to any benchmark. The net income will be reinvested in the Fund on behalf of investors. The Manager endeavours to reduce currency risk this unit class could face from assets held in currencies different from the unit class currency. For this purpose, the Manager may utilize derivatives such as currency forward contracts which lock in a future price for buying or selling currency.
Investment goal
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds. In order to control risk, the portfolio is well-diversified across more than 100 bond issuers and 20 industries. The Investment Manager may use derivatives to hedge investments in the Fund's securities and their related assets, markets and currencies. Derivatives are financial instruments whose value is linked to the price of an underlying asset.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Bonds |
Region: |
North America |
Branch: |
Corporate Bonds |
Benchmark: |
- |
Business year start: |
12-01 |
Last Distribution: |
- |
Depository bank: |
State Street Cust.Services (Ireland) Ltd |
Fund domicile: |
Ireland |
Distribution permission: |
Austria, Germany, Switzerland, United Kingdom |
Fund manager: |
Bryan Petermann - Lead PM, Kevin Ziets - PM |
Fund volume: |
1.33 bill.
USD
|
Launch date: |
2010-10-06 |
Investment focus: |
- |
Conditions
Issue surcharge: |
3.00% |
Max. Administration Fee: |
0.80% |
Minimum investment: |
1,000,000.00 CAD |
Deposit fees: |
0.02% |
Redemption charge: |
0.00% |
Key Investor Information: |
Download (Print version) |
Investment company
Funds company: |
Muzinich & Co. (IE) |
Address: |
16 Fitzwilliam Street Upper, Dublin 2, Dublin 2 |
Country: |
Ireland |
Internet: |
www.muzinich.com
|
Assets
Bonds |
|
89.34% |
Cash and Other Assets |
|
0.14% |
Others |
|
10.52% |
Countries
United States of America |
|
64.89% |
Canada |
|
6.00% |
United Kingdom |
|
3.14% |
Italy |
|
1.93% |
Cayman Islands |
|
1.81% |
Australia |
|
1.72% |
Panama |
|
1.58% |
France |
|
1.34% |
Luxembourg |
|
1.30% |
Liberia |
|
1.14% |
Ireland |
|
0.94% |
Bermuda |
|
0.81% |
Poland |
|
0.73% |
Netherlands |
|
0.70% |
Austria |
|
0.61% |
Others |
|
11.36% |