Muzinich Credit Opps Supra Instl MZCSX

Medalist Rating as of | See Muzinich Investment Hub
  • NAV / 1-Day Return 10.12  /  −0.10 %
  • Total Assets 238.3 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.73%
  • Effective Duration 4.88 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MZCSX

Will MZCSX outperform in future?

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

Comanager Nold’s departure doesn’t dent our 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 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 MZCSX

  • 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

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