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.
Muzinich Credit Opps Instl MZCIX
- NAV / 1-Day Return 9.99 / −0.40 %
- Total Assets 236.6 Mil
-
Adj. Expense Ratio
- 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 500,000
- Status Open
- TTM Yield 4.95%
- Effective Duration 4.88 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 7.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
EUR/USD FWD 20240917 Purchased | 34.89 | 81.9 Mil | Derivative |
First American Treasury Obligs X | 6.35 | 14.9 Mil | Cash and Equivalents |
GBP/USD FWD 20240917 Purchased | 6.33 | 14.8 Mil | Derivative |
USD/GBP FWD 20240917 Purchased | 1.94 | 4.5 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.86 | 4.4 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.85 | 4.3 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.84 | 4.3 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.60 | 3.8 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.52 | 3.6 Mil | Derivative |
USD/EUR FWD 20240917 Purchased | 1.38 | 3.2 Mil | Derivative |