Muzinich Flexible US High Yield Income Fund SInst (MZHSX)
7.94
-0.03
(-0.38%)
USD |
Mar 13 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.58% | 69.46M | -- | 91.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 5.456M | 6.98% |
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:
59
-1.330B
Peer Group Low
955.64M
Peer Group High
1 Year
% Rank:
34
5.456M
-3.072B
Peer Group Low
6.038B
Peer Group High
3 Months
% Rank:
54
-1.885B
Peer Group Low
878.12M
Peer Group High
3 Years
% Rank:
33
-4.339B
Peer Group Low
13.58B
Peer Group High
6 Months
% Rank:
33
-2.220B
Peer Group Low
3.685B
Peer Group High
5 Years
% Rank:
36
-8.564B
Peer Group Low
15.23B
Peer Group High
YTD
% Rank:
51
-3.198B
Peer Group Low
1.044B
Peer Group High
10 Years
% Rank:
29
-8.871B
Peer Group Low
22.15B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 14, 2026.
Asset Allocation
As of January 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.89% |
| Stock | 0.00% |
| Bond | 97.91% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.20% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| First American Treasury Obligations Fund X | 1.56% | 1.00 | 0.00% |
|
Other Assets less Liabilities
|
1.21% | -- | -- |
| Blackstone Mortgage Trust, Inc. BLACMOR 3.75 01/15/2027 FIX USD Corporate 144A | 1.15% | 98.46 | 0.04% |
| Minerals Technologies Inc. MINERTE 5.0 07/01/2028 FIX USD Corporate 144A | 1.13% | 98.71 | -0.21% |
| EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate | 1.09% | 108.78 | -0.03% |
| TALLGRASS ENERGY PARTNERS, LP TALLENAC 6.0 12/31/2030 FIX USD Corporate 144A | 0.86% | 100.24 | -0.31% |
| VENTURE GLOBAL PLAQUEMINES LNG, LLC VENGLO 6.75 01/15/2036 FIX USD Corporate 144A | 0.82% | -- | -- |
| Allied Universal Holdco LLC ALLIUNI 4.625 06/01/2028 FIX USD Corporate 144A | 0.80% | 98.69 | 0.05% |
| GCI, LLC GCILLC 4.75 10/15/2028 FIX USD Corporate 144A | 0.80% | 96.17 | -0.50% |
| Global Aircraft Leasing Co., Ltd GLOBAIR 8.75 09/01/2027 FIX USD Corporate 144A | 0.77% | 101.95 | -0.19% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.06% |
| Administration Fee | 39.80K% |
| 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 | 1.00M 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 (3-12-26) | 6.41% |
| 30-Day SEC Yield (7-31-17) | 0.00% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 343 |
| Bond | |
| Yield to Maturity (1-31-26) | 6.17% |
| Effective Duration | -- |
| Average Coupon | 6.47% |
| Calculated Average Quality | 5.709 |
| Effective Maturity | 3.373 |
| Nominal Maturity | 4.033 |
| Number of Bond Holdings | 334 |
As of January 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 3/31/2016 |
| Share Classes | |
| MZHIX | Inst |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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:MZHSX", "name") |
| Broad Asset Class: =YCI("M:MZHSX", "broad_asset_class") |
| Broad Category: =YCI("M:MZHSX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MZHSX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |