Muzinich Enhancedyield Short-Term Fund

Select share classes

There is only one type of share class for this fund.

Muzinich Enhancedyield Short-Term Fund Hedged GBP Accumulation A Units

Category Global Flexible Bond - GBP Hedged

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

£124.44

arrow-up£0.00 (+0.00%)

Fund Code

MUYAA

3375921

IE0033759212

Prices updated as at 12 Dec 2025

Prices in GBP

Investment objective

The Fund seeks to protect capital and generate attractive returns which exceed those available from similar duration Benchmark Government Bonds. The Investment Manager seeks to meet its objective through construction of a prudently managed portfolio of corporate bonds with attractive risk and reward characteristics, an average investment grade rating. The Investment Manager generally targets an average duration to worst of no more than 2 years; but, due to market conditions, the average duration to worst may at times be as high as 3 years.

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/10/2025

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Fixed income style
Medium ltd
100.00%
% Weight
Ltd
Mod
Ext
High
0
0
0
Medium
100
0
0
Low
0
0
0
Interest rate risk
Bond %
Avg credit quality BB
Avg wtd coupon 4.68
Modified duration 2.37
Credit quality breakdown
Rating % of Bond
AAA 3.43
AA 0.52
A 7.94
BBB 50.73
BB 23.88
B 10.69
Below B -
Not Rated 2.81

	Bond %
Avg credit quality	BB
Avg wtd coupon	4.68
Modified duration	2.37

Rating	% of Bond
AAA	3.43
AA	0.52
A	7.94
BBB	50.73
BB	23.88
B	10.69
Below B	-
Not Rated	2.81

Valuation

Muzinich Enhancedyield Short-Term Fund Hedged GBP Accumulation A Units

Global Flexible Bond - GBP Hedged

-

2.06

-

0.25

-

1.11

-

4.41

Growth rate

Muzinich Enhancedyield Short-Term Fund Hedged GBP Accumulation A Units

Global Flexible Bond - GBP Hedged

-

12.71%

-

0.33%

-

47.22%

Top 10 holdings

Sector

-

Country

United Kingdom

% of assets

0.81629

Sector

-

Country

Germany

% of assets

0.7834

Sector

-

Country

France

% of assets

0.67515

Sector

-

Country

United Kingdom

% of assets

0.58352

Sector

-

Country

Ireland

% of assets

0.57137

Sector

-

Country

Portugal

% of assets

0.57061

Sector

-

Country

Spain

% of assets

0.56846

Sector

-

Country

Macao

% of assets

0.5454

Sector

-

Country

United Arab Emirates

% of assets

0.54259

Sector

-

Country

United Kingdom

% of assets

0.52381

Assets in top 10 holdings %

6.18%

Total no. of equity holdings

-

Total no. of bond holdings

588.00

Stock sectors

Muzinich Enhancedyield Short-Term Fund Hedged GBP Accumulation A Units

Global Flexible Bond - GBP Hedged

0.00%

Basic materials

-

Con cyclical

-

Financial svs

-

Real estate

-

0.00%

Comm services

-

Energy

-

Industrials

-

Technology

-

0.00%

Con defensive

-

Healthcare

-

Utilities

-

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.