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Morningstar

Muzinich Credit Opps Instl MZCIX

Morningstar Medalist Rating
Medalist Rating as of | See Muzinich Investment Hub
  • NAV / 1-Day Return 9.80  /  −0.31 %
  • Total Assets 259.7 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.28%
  • Effective Duration 4.96 years

USD | NAV as of Jun 18, 2024 | 1-Day Return as of Jun 18, 2024, 12:47 AM GMT+0

Morningstar’s Analysis MZCIX

Will MZCIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MZCIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MZCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MZCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Comanager Brian Nold Departs Muzinich; Ratings Under Review

null Giovanni Cafaro

Giovanni Cafaro

Analyst Note

We are placing a range of Muzinich global flexible-bond funds (including Muzinich Global Tactical Credit, as well as its equivalent US vehicle Muzinich Credit Opportunities, and Muzinich Dynamic Credit Opportunities) under review following the news of co-portfolio manager Brian Nold's departure from the firm effective April 30, 2024.

by Giovanni Cafaro
Published on

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Portfolio Holdings MZCIX

More MZCIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240614 Purchased

29.72 75.8 Mil
Derivative

GBP/USD FWD 20240614 Purchased

2.90 7.4 Mil
Derivative

United States Treasury Bills 0%

1.37 3.5 Mil
Government

EUR/USD FWD 20240614 Purchased

1.28 3.3 Mil
Derivative

EUR/USD FWD 20240614 Purchased

1.28 3.3 Mil
Derivative

USD/EUR FWD 20240614 Purchased

1.19 3.0 Mil
Derivative

United Kingdom of Great Britain and Northern Ireland 4.5%

1.01 2.6 Mil
Government

GBP/USD FWD 20240614 Purchased

1.00 2.5 Mil
Derivative

GBP/USD FWD 20240614 Purchased

1.00 2.5 Mil
Derivative

First American Treasury Obligs X

0.93 2.4 Mil
Cash and Equivalents