MZFIX Performance — Muzinich High Income Floating Rate Fund, Institutional Class
Data updated: 2022-03-14
MZFIX returned +4.51% over one year to Dec 2021. Over one year the fund beat its Bank Loan category average: $100 grew to $105, against $104 for the category. Volatility over the past 12 months was 1.37% a year. In the 12 months to Dec 2021 the fund took in a net $44.4M, and assets reached $29.47M.
MZFIX Growth of $100
What $100 invested in Muzinich High Income Floating Rate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Bank Loan category average over the same months.
| Period | MZFIX | Category average |
|---|---|---|
| 1 year (Jan 2021 – Dec 2021) | $105 | $104 |
| Since data start (Jul 2019 – Dec 2021) | $112 | $107 |
MZFIX Trailing Returns
Total returns to Dec 2021, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.51% |
| 3 years (annualised) | +4.58% |
MZFIX Annual Returns
Calendar-year total returns of Muzinich High Income Floating Rate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2021 | +4.51% |
| 2020 | +4.84% |
| 2019 (Jul–Dec) | +2.07% |
MZFIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +1.3% | +0.7% | 0.0% | +0.4% | +0.5% | +0.3% | 0.0% | +0.5% | 0.0% | +0.2% | −0.1% | +0.7% |
| 2020 | +0.4% | −0.6% | −10.7% | +4.6% | +3.2% | +1.6% | +1.8% | +1.3% | +0.5% | +0.4% | +1.7% | +1.2% |
| 2019 | — | — | — | — | — | — | +0.3% | −0.4% | +0.1% | −0.4% | +0.8% | +1.7% |
MZFIX Risk
Risk measures from monthly returns over Jan 2021 – Dec 2021.
- 1-year volatility (annualised): 1.37%
- Best month: +1.28% (Jan 2021)
- Worst month: −0.13% (Nov 2021)
MZFIX Fund Flows
Monthly money in and out of Muzinich High Income Floating Rate Fund, from SEC Form N-PORT.
- 12-month net flow: $44.4M
- 12-month gross sales (incl. reinvestments): $28.1M
- Sales ÷ redemptions: -1.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2021 | $7.0M | −$10.4M | $17.4M |
| Nov 2021 | $9K | −$3K | $13K |
| Oct 2021 | $59K | −$3K | $62K |
| Sep 2021 | $96K | −$3K | $99K |
| Aug 2021 | $2.2M | −$2K | $2.2M |
| Jul 2021 | $1.2M | −$2.4M | $3.6M |
| Jun 2021 | $755K | −$178 | $756K |
| May 2021 | $5K | −$162 | $5K |
| Apr 2021 | $2.0M | −$289 | $2.0M |
| Mar 2021 | $4.9M | −$284 | $4.9M |
| Feb 2021 | $9.6M | −$3.5M | $13.1M |
| Jan 2021 | $258K | −$426 | $259K |
MZFIX Assets Under Management
Net assets of Muzinich High Income Floating Rate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2021-12-31 | $29.47M |
| 2021-09-30 | $33.08M |
| 2021-06-30 | $32.07M |
| 2021-03-31 | $29.14M |
| 2020-12-31 | $17.70M |
| 2020-09-30 | $13.21M |
| 2020-06-30 | $10.93M |
| 2020-03-31 | $10.08M |
| 2019-12-31 | $11.43M |
| 2019-09-30 | $11.43M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.