Muzinich Flexible US High Yield Income Fund Inst (MZHIX)
7.98
0.00 (0.00%)
USD |
Jun 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.58% | 70.68M | -- | 66.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 4.491M | 7.55% |
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:
53
-2.560B
Peer Group Low
510.03M
Peer Group High
1 Year
% Rank:
32
4.491M
-2.841B
Peer Group Low
12.05B
Peer Group High
3 Months
% Rank:
27
-2.713B
Peer Group Low
900.82M
Peer Group High
3 Years
% Rank:
33
-4.326B
Peer Group Low
13.55B
Peer Group High
6 Months
% Rank:
39
-2.877B
Peer Group Low
1.236B
Peer Group High
5 Years
% Rank:
26
-9.174B
Peer Group Low
14.79B
Peer Group High
YTD
% Rank:
34
-4.190B
Peer Group Low
1.049B
Peer Group High
10 Years
% Rank:
29
-9.701B
Peer Group Low
21.92B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of June 03, 2026.
Asset Allocation
As of April 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.59% |
| Stock | 0.00% |
| Bond | 98.75% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.66% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| First American Treasury Obligations Fund X | 1.22% | 1.00 | 0.00% |
| Blackstone Mortgage Trust, Inc. BLACMOR 3.75 01/15/2027 FIX USD Corporate 144A | 1.15% | 98.94 | 0.02% |
| Minerals Technologies Inc. MINERTE 5.0 07/01/2028 FIX USD Corporate 144A | 1.12% | 99.64 | 0.06% |
| PERRIGO FINANCE UNLIMITED COMPANY PERRIFI 6.125 09/30/2032 FIX USD Corporate | 0.86% | 95.89 | 0.29% |
| TALLGRASS ENERGY PARTNERS, LP TALLENAC 6.0 12/31/2030 FIX USD Corporate 144A | 0.85% | 100.49 | 0.01% |
| EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate | 0.84% | 108.69 | 0.02% |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC VENGLO 6.75 01/15/2036 FIX USD Corporate 144A | 0.82% | 106.03 | 0.10% |
| Allied Universal Holdco LLC ALLIUNI 4.625 06/01/2028 FIX USD Corporate 144A | 0.80% | 98.45 | -0.12% |
| GCI, LLC GCILLC 4.75 10/15/2028 FIX USD Corporate 144A | 0.79% | 96.50 | -0.05% |
| Global Aircraft Leasing Co., Ltd GLOBAIR 8.75 09/01/2027 FIX USD Corporate 144A | 0.75% | 102.21 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.06% |
| Administration Fee | 2.10K% |
| 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 |
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 (6-1-26) | 6.31% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 350 |
| Bond | |
| Yield to Maturity (4-30-26) | 5.79% |
| Effective Duration | -- |
| Average Coupon | 6.60% |
| Calculated Average Quality | 5.702 |
| Effective Maturity | 3.661 |
| Nominal Maturity | 4.227 |
| Number of Bond Holdings | 333 |
As of April 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/27/2017 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 4/30/2025 |
| 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. |