The strategy’s large and seasoned team, headed by a very experienced leader, has consistently and successfully executed a disciplined credit-focused approach. Lead manager Michael McEachern boasts more than four decades of experience in credit markets. He spent 14 years at Seix Advisors, latterly as head of their high-yield division. He then joined Muzinich in January 2012 as head of public markets and launched this strategy the following year while setting up the monthly asset-allocation group. This forum assesses the macro environment and the state of credit markets, looking at fundamentals, valuations, and technicals across regions. Its output helps McEachern shape the strategy’s top-down positioning.
Muzinich Dynamic Income Fund Supra Institutional Shares MZCSX
- NAV / 1-Day Return 9.31 / +0.11 %
- Total Assets 136.4M
-
Adj. Expense Ratio
0.610%
- Expense Ratio 0.600%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1M
- Status Open
- TTM Yield 6.94%
- Effective Duration 4.22 years
USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 1:06 AM GMT+0
Morningstar’s Analysis MZCSX
Will MZCSX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 5.7
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
EUR/USD FWD 20260915 Purchased | 28.51 | 41M | Derivative |
First American Treasury Obligs X | 4.15 | 6M | Cash and Equivalents |
GBP/USD FWD 20260915 Purchased | 3.76 | 5M | Derivative |
USD/EUR FWD 20260915 Purchased | 0.95 | 1M | Derivative |
EUR/USD FWD 20260915 Purchased | 0.81 | 1M | Derivative |
Lloyds Banking Group PLC 1.99% | 0.68 | 988,398 | Corporate |
Foundry JV Holdco LLC. 5.9% | 0.65 | 940,338 | Corporate |
International Distribution Services Ltd. 7.38% | 0.65 | 938,739 | Corporate |
UBS Group AG 9.25% | 0.59 | 856,217 | Corporate |
Aker BP ASA 4% | 0.58 | 843,688 | Corporate |