Muzinich Flexible US High Yield Income Fund Inst (MZHIX)
7.75
0.00 (0.00%)
USD |
Oct 05 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.59% | 65.91M | -- | 66.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -9.003M | 2.60% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income on a risk-adjusted basis over a full market cycle. The Fund invests at least 80% of its net assets in high yield bonds of U.S. corporations. The Fund focuses on bonds rated below investment grade, defined as below BBB- or Baa3 by Standard & Poors or Moodys, respectively. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Muzinich & Co |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
51
-2.041B
Peer Group Low
995.90M
Peer Group High
1 Year
% Rank:
41
-9.003M
-2.973B
Peer Group Low
2.403B
Peer Group High
3 Months
% Rank:
46
-2.000B
Peer Group Low
700.21M
Peer Group High
3 Years
% Rank:
34
-4.112B
Peer Group Low
13.17B
Peer Group High
6 Months
% Rank:
50
-2.654B
Peer Group Low
1.948B
Peer Group High
5 Years
% Rank:
22
-7.184B
Peer Group Low
14.32B
Peer Group High
YTD
% Rank:
44
-3.057B
Peer Group Low
1.894B
Peer Group High
10 Years
% Rank:
22
-10.28B
Peer Group Low
10.78B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 06, 2026.
Asset Allocation
As of August 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.62% |
| Stock | 0.00% |
| Bond | 99.00% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.38% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
TransDigm Inc 13-FEB-2033 Term Loan B
|
1.72% | -- | -- |
| Global Aircraft Leasing Co., Ltd GLOBAIR 8.75 09/01/2027 FIX USD Corporate 144A | 1.71% | 100.07 | 0.21% |
| EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate | 1.24% | 107.11 | -0.04% |
| First American Treasury Obligations Fund X | 1.23% | 1.00 | 0.00% |
| Blackstone Mortgage Trust, Inc. BLACMOR 3.75 01/15/2027 FIX USD Corporate 144A | 1.17% | 99.46 | 0.15% |
| Minerals Technologies Inc. MINERTE 5.0 07/01/2028 FIX USD Corporate 144A | 1.06% | 100.03 | 0.02% |
| DISH DBS Corporation DISHN-DDBSC 5.75 12/01/2028 FIX USD Corporate 144A | 1.02% | 97.11 | 0.00% |
| Nissan Motor Acceptance Company LLC NISSAMO 6.125 09/30/2030 FIX USD Corporate 144A | 0.91% | 94.77 | 0.18% |
| TALLGRASS ENERGY PARTNERS, LP TALLENAC 6.0 12/31/2030 FIX USD Corporate 144A | 0.86% | 97.07 | 0.33% |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC VENGLO 6.75 01/15/2036 FIX USD Corporate 144A | 0.83% | 100.77 | 0.61% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.14% |
| Administration Fee | 2104.00 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 1.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 500000.0 None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income on a risk-adjusted basis over a full market cycle. The Fund invests at least 80% of its net assets in high yield bonds of U.S. corporations. The Fund focuses on bonds rated below investment grade, defined as below BBB- or Baa3 by Standard & Poors or Moodys, respectively. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Muzinich & Co |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (10-5-26) | 6.56% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 341 |
| Bond | |
| Yield to Maturity (8-31-26) | 5.89% |
| Effective Duration | -- |
| Average Coupon | 6.73% |
| Calculated Average Quality | 5.734 |
| Effective Maturity | 3.775 |
| Nominal Maturity | 4.143 |
| Number of Bond Holdings | 338 |
As of August 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/27/2017 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 4/30/2026 |
| Share Classes | |
| MZHSX | Other |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MZHIX", "name") |
| Broad Asset Class: =YCI("M:MZHIX", "broad_asset_class") |
| Broad Category: =YCI("M:MZHIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MZHIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |