Muzinich Dynamic Income Fund Supra Institutional Shares MZCSX

Medalist Rating as of | See Muzinich Investment Hub
  • NAV / 1-Day Return 9.57  /  +0.10 %
  • Total Assets 146.1M
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 6.65%
  • Effective Duration 4.22 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 1:15 AM GMT+0

Morningstar’s Analysis MZCSX

Will MZCSX outperform in the future?

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

Despite recent changes in the supporting cast, we maintain strong conviction in the fund's team and process.

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 four 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 MZCSX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 10.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20260915 Purchased

26.68 41M
Derivative

US Treasury Bond Future Sept 26

4.90 7M
Government

First American Treasury Obligs X

4.57 7M
Cash and Equivalents

GBP/USD FWD 20260915 Purchased

3.49 5M
Derivative

USD/EUR FWD 20260915 Purchased

0.90 1M
Derivative

Galaxy Pipeline Assets Bidco Ltd. 2.63%

0.80 1M
Corporate

EUR/USD FWD 20260915 Purchased

0.75 1M
Derivative

Space Exploration Technologies Corp. 5.88%

0.67 1M
Corporate

Lloyds Banking Group PLC 1.99%

0.63 962,589
Corporate

International Distribution Services Ltd. 7.38%

0.61 924,416
Corporate

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