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Muzinich Global High Yield Hedged Euro Acc R

Ranked 34 out of 41 in - Global High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Warren Hyland

Warren Hyland has over 19 years of investment management experience. He came to Muzinich from Schroders, where he was a global portfolio manager and later, the senior portfolio manager for Global Emerging Markets. Previously, Warren was the head of European Money Markets at UniCreditoItaliano. He has a BSc in Mathematics for Business from the Middlesex University London, and later received his MSc in Shipping Trade and Finance from the CASS Business School. He holds the Chartered Financial Analyst designation. He is based in London.

Michael McEachern

Thomas Samson

Before joining Muzinich, Thomas Samson was an investment analyst at Trafalgar Asset Managers, a distressed-debt hedge fund. Prior to that, he was a financial analyst at GE Capital. Thomas has an Master's in Finance from London Business School, holds the Chartered Financial Analyst designation and has an MSc in Corporate Finance from the Institut d’Etudes Politiques de Paris.

Objective

The Fund seeks to generate attractive returns and protect capital. The Investment Manager seeks to meet its objective through the careful selection of publicly traded high yield debt securities (including notes, such as floating rate short-term and medium-term notes, and bonds) which are listed and/or traded on a Recognised Exchange and which are issued by corporate borrowers which are domiciled, headquartered, or whose primary business activities or principal trading markets are in the US, Europe and emerging markets.

Showing fund performance in Norway View performance globally

Performance

Global High Yield over : 30/09/2017 - 30/09/2018
  • Rank 34/41 Total Return
  • Rank 15/41 Standard Deviation
  • Rank 29/41 Max Drawdown
Fund Name Currency Return
32 Aviva Investors Global High Yield Bond Ah EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.7%

33 Templeton Global High Yield I (acc) EUR EUR

-1.7%

34 Muzinich Global High Yield Hedged Euro Acc R

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.8%

35 T Rowe Global High Yield Bond AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.1%

36 Allianz Global Multi-Asset Credit -AT(H2-EUR)EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.2%

Fund Name Currency Risk
13 NN (L) Global High Yield P Cap EUR Hdgiii

Currency exposure is hedged

Currency exposure is hedged

EUR

2.2

14 Allianz Global High Yield - AT (H2-EUR)EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.2

15 Muzinich Global High Yield Hedged Euro Acc R

Currency exposure is hedged

Currency exposure is hedged

EUR

2.2

16 BGF Global High Yield Bond A2 EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

EUR

2.3

17 PIMCO GIS Global High Yield Bond Inst EUR Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

EUR

2.3

Fund Name Currency Loss
27 Morgan Stanley Global High Yield Bond AHX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.5%

28 T Rowe Global High Yield Bond AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.5%

29 Muzinich Global High Yield Hedged Euro Acc R

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.6%

30 Legg Mason WA Global High Yield Pr Acc Hdg EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.7%

31 Templeton Global High Yield I (acc) EUR EUR

-3.8%

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -1.9% -1.4% 1.3%
2017 5.2% 1.8% 1.5% 1.6% 0.2%
2016 9.6% 2.1% 2.6% 3.8% 0.8%
2015 -2.8% 2.3% -0.2% -3.9% -0.8%
2014 0.7% 2.2% 1.9% -2.3% -1.1%
2013 5.3% 1.8% -1.9% 2.0% 3.3%
2012 13.5% 5.5% 0.9% 3.8% 2.8%
2011 1.7% 2.9% 0.4% -7.6% 6.5%
2010 13.0% 3.7% -0.2% 6.5% 2.6%
2009 32.8% 5.3% 10.3% 9.8% 4.2%
2008 -21.4% -3.1% 1.8% -6.0% -15.3%
2007 -0.5% 1.7% -0.8% -0.3% -1.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2018

Top 10 Holdings

Stock Size
Alliance Data Systems Corp 4.500% 15-Mar-2022 1.35%
Lincoln Fin Js 6.875% 15-Apr-2021 1.28%
Jerrold Finco 6.125% 15-Jan-2024 1.22%
SES SA PERP 1.21%
Virgin Media 1 5.500% 15-Sep-2024 1.18%
American Airlines Inc 5.600% 15-Jan-2022 1.10%
Cpi Property Group SA PERP 1.06%
ION TRADING TECHNOLOGIES LTD 0.000% 21-Nov-2024 1.05%
EUR/USD Forward Contract 1.03%
Unvl Hospital 7.625% 15-Aug-2020 1.01%
30/06/2018

Registered For Sale In

  1. Belgium
  2. Chile
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Portugal
  13. Singapore
  14. Spain
  15. United Kingdom

Fund Info

  • Launch date01/12/2005
  • Share Class size10Mn
  • Base currencyEUR
  • ISIN IE00B07RXZ94
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%
  • Initial investment1.50%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).