Morningstar

Muzinich Flexible U.S. HY Inc Ins MZHIX

Morningstar Medalist Rating
Medalist Rating as of | See Muzinich Investment Hub
  • NAV / 1-Day Return 8.04  /  −0.12 %
  • Total Assets 59.4 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 6.87%
  • Effective Duration 2.67 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis MZHIX

Will MZHIX 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 MZHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MZHIX 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 MZHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Muzinich Flexible U.S. HY Inc Ins's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MZHIX

More MZHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

1.55 795,200
Cash and Equivalents

Vistra Operations Co LLC 6.88%

1.01 519,716
Corporate

Lightning Power LLC 7.25%

1.01 517,017
Corporate

Harvest Midstream I LP 7.5%

1.00 513,167
Corporate

Olin Corporation 5.63%

0.97 498,898
Corporate

Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. 6%

0.93 477,006
Corporate

Gci Llc 4.75%

0.92 474,779
Corporate

Home Point Capital Incorporated 5%

0.91 469,844
Corporate

Canpack SA And Canpack US LLC 3.88%

0.89 457,769
Corporate

Civitas Resources Inc 8.63%

0.79 407,907
Corporate

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