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Muzinich Credit Opps Instl MZCIX

Medalist Rating as of | See Muzinich Investment Hub
  • NAV / 1-Day Return 9.61  /  −0.10 %
  • Total Assets 261.1 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
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.26%
  • Effective Duration

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis MZCIX

Will MZCIX outperform in future?

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

A standout option centered on a risk-aware yet flexible process and led by an experienced team.

Analyst Giovanni Cafaro

Giovanni Cafaro

Analyst

Summary

The strategy’s large and seasoned team headed by a very experienced leader has consistently and successfully executed a disciplined credit-focused approach. Lead manager Michael McEachern boasts more than three decades of experience in credit markets. He spent 14 years at Seix Advisors, latterly as head of their high-yield division. He then joined Muzinich in January 2012 as head of public markets and launched this strategy the following year while setting up the monthly asset-allocation group. This forum assesses the macro environment and the state of credit markets, looking at fundamentals, valuations, and technicals across regions. Its output helps McEachern shape the strategy’s top-down positioning.

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Portfolio Holdings MZCIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240614 Purchased

28.20 75.5 Mil
Derivative

GBP/USD FWD 20240614 Purchased

2.73 7.3 Mil
Derivative

United States Treasury Bonds 4.75%

2.02 5.4 Mil
Government

First American Treasury Obligs X

1.94 5.2 Mil
Cash and Equivalents

United States Treasury Notes 4%

1.76 4.7 Mil
Government

AbbVie Inc. 5.05%

0.98 2.6 Mil
Corporate

Rockies Express Pipeline LLC 3.6%

0.88 2.4 Mil
Corporate

HCA Inc. 5.38%

0.74 2.0 Mil
Corporate

Morgan Stanley 5.47%

0.74 2.0 Mil
Corporate

Cheniere Energy Partners L P 5.95%

0.72 1.9 Mil
Corporate