MZHSX – Muzinich Flexible U.S. HY Inc Supra Ins Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high level of income on a risk-adjusted basis over a full market cycle. The fund normally invests at least 80% of its net assets in high yield credit issued by companies with a domicile or principle place of business in the U.S. The advisor typically focuses on debt instruments rated below investment grade, defined as below BBB- or Baa3 by Standard & Poor’s, Fitch or Moody’s, as applicable, or which are deemed equivalent by the Advisor.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MZHSX	Muzinich Flexible U.S. High Yield Income Fund Supra Institutional Shares	Institutional	Open			Mar 31, 2016	$62.36M	0.590%	Below Average	$1M	−$7.86M
MZHIX	Muzinich Flexible U.S. High Yield Income Fund Institutional Shares	Institutional	Open			Mar 27, 2017	$3.14M	0.590%	Below Average	$500,000	$58,082.76

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