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Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Ranked 60 out of 85 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Jason Horowitz

Based in New York, Jason Horowitz is a portfolio manager at Muzinich & Co. He has over 17 years of investment experience. He started his career in equity and credit research at Donaldson, Lufkin & Jenrette, a firm which was merged into Credit Suisse First Boston. Prior to joining Muzinich, Jason worked at high yield researcher CSFB. Jason holds a B.A. in Sociology and Judaic Studies from Yeshiva University, as well as an M.B.A. from the Yale School of Management. Jason holds the Chartered Financial Analyst designation and he is a Member of Investment Committee.

Objective

The Fund seeks to achieve an attractive absolute return with below market volatility over a full market cycle. It invests directly and indirectly through financial derivative instruments in high yield corporate bonds issued primarily, but not exclusively, in the US by US and global issuers, primarily with a credit rating of B3/B- or higher. The strategy stresses absolute returns and risk control through employing measures such as industry and issuer diversification, position limitations, use of shorter-maturity positions, and opportunistic synthetic shorting through the use of financial derivative instruments.

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Performance

Bond Strategies over : 31/12/2016 - 31/12/2017
  • Rank 60/85 Total Return
  • Rank 12/85 Standard Deviation
  • Rank 30/85 Max Drawdown
Fund Name Currency Return
58 JPM Income Opportunity A (perf) Acc EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

0.6%

59 Candriam Long Short Credit C EUR

0.4%

60 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

0.3%

61 LBBW Pro-Fund Absolute Return Rates EUR

0.3%

62 Amundi Global Macro 2 - I (C) EUR

0.2%

Fund Name Currency Risk
11 Kames Absolute Return Bond Global C Acc EUR (Hgd)

Currency exposure is hedged

Currency exposure is hedged

EUR

0.7

12 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

0.7

13 Deutsche Invest I Short Duration Credit LC EUR

0.8

13 BSF Global Absolute Return Bond A2 EUR EUR

0.8

Fund Name Currency Loss
28 PIMCO Select Unconstrained Bond Inst EUR Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

28 Alternative Fixed Income Fund I EUR

-0.4%

30 Muzinich LongShortCreditYield Euro Acc A HdgNon-Eq

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

30 Invesco Active Multi-Sector Credit C Acc EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

32 Cheyne Global Credit GC - I1 EUR

-0.4%

32 Danske Invest Neutral Kasvu EUR

-0.4%

Total Return

Quarterly Performance

to 31/12/2017 Annual Q1 Q2 Q3 Q4
2017 0.3% 0.0% 0.2% 0.3% -0.2%
2016 2.4% 1.0% 0.5% 0.7% 0.2%
2015 1.2% 1.8% 0.1% -1.0% 0.2%
2014 -0.7% -0.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. France
  3. Germany
  4. Ireland
  5. Italy
  6. Luxembourg
  7. Singapore
  8. Spain
  9. Switzerland
  10. United Kingdom

Fund Info

  • Launch date30/06/2014
  • Share Class size172Mn
  • Base currencyEUR
  • ISIN IE00BH3WKV28
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0

Charges

  • Annual management1.00%

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