Muzinich Low Duration Fund (MZLSX)
The fund normally invests at least 80% of the fund's net assets (plus any borrowings for investment purposes) in a well-diversified portfolio of corporate bonds and syndicated loans, including floating rate loans and restricted securities such as bonds issued pursuant to regulation 144(a). It may have a majority of its assets in foreign fixed income securities, with permitted-currency emerging market exposure not to exceed 20% of the fund's net assets.
Fund Info
US74316P1324
Jun 29, 2016
$5,000,000
Expense Ratio
MZLSX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Muzinich Low Duration Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Muzinich Low Duration Fund had a return of 0.94% year-to-date (YTD) and 6.93% in the last 12 months.
MZLSX
0.94%
0.72%
3.06%
6.93%
2.49%
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MZLSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 0.94% | |||||||||||
| 2024 | 0.42% | 0.10% | 0.59% | -0.03% | 0.83% | 0.50% | 1.08% | 0.85% | 0.78% | -0.07% | 0.75% | 0.31% | 6.27% |
| 2023 | 1.47% | 0.19% | -0.34% | 0.64% | 0.29% | 0.30% | 0.95% | 0.36% | 0.14% | 0.37% | 1.47% | 1.58% | 7.66% |
| 2022 | -0.64% | -1.16% | -0.76% | -0.67% | -0.26% | -2.08% | 1.32% | 0.01% | -1.61% | 0.56% | 1.42% | -2.20% | -5.97% |
| 2021 | 0.27% | 0.34% | 0.45% | 0.18% | 0.33% | 0.35% | 0.26% | 0.37% | 0.03% | -0.35% | -0.09% | 0.35% | 2.50% |
| 2020 | 0.79% | -0.43% | -9.81% | 4.20% | 1.72% | 1.76% | 1.21% | 0.91% | -0.10% | 0.40% | 1.91% | 0.69% | 2.64% |
| 2019 | 1.18% | 0.95% | 0.94% | 0.95% | 0.03% | 0.96% | 0.56% | 0.56% | 0.14% | 0.22% | 0.36% | -0.13% | 6.91% |
| 2018 | 0.19% | -0.12% | 0.01% | 0.48% | -0.19% | -0.11% | 0.59% | 0.40% | 0.21% | -0.15% | -0.55% | -5.25% | -4.54% |
| 2017 | 0.43% | 0.67% | 0.12% | 0.59% | 0.50% | 0.10% | 0.69% | 0.20% | 0.29% | 0.49% | 0.00% | 0.10% | 4.26% |
| 2016 | 0.33% | 0.22% | 0.33% | -0.27% | -1.10% | 1.70% | 1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, MZLSX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Muzinich Low Duration Fund (MZLSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Muzinich Low Duration Fund provided a 4.69% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.46 | $0.10 | $0.62 | $0.21 | $0.14 | $0.29 | $0.19 | $0.08 |
Dividend yield | 4.69% | 4.74% | 4.91% | 1.13% | 6.36% | 2.07% | 1.34% | 3.03% | 1.87% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Muzinich Low Duration Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.00 | $0.01 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.22 | $0.45 |
| 2023 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.26 | $0.46 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.10 |
| 2021 | $0.02 | $0.09 | $0.03 | $0.03 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.36 | $0.62 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.03 | $0.06 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.06 | $0.29 |
| 2017 | $0.11 | $0.04 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.03 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Muzinich Low Duration Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Muzinich Low Duration Fund was 12.66%, occurring on Mar 24, 2020. Recovery took 165 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.66% | Feb 24, 2020 | 22 | Mar 24, 2020 | 165 | Nov 16, 2020 | 187 |
| -6.21% | Sep 23, 2021 | 321 | Dec 30, 2022 | 239 | Dec 13, 2023 | 560 |
| -6.1% | Oct 3, 2018 | 64 | Jan 4, 2019 | 180 | Sep 23, 2019 | 244 |
| -1.76% | Oct 26, 2016 | 21 | Nov 23, 2016 | 20 | Dec 22, 2016 | 41 |
| -0.92% | Dec 31, 2019 | 1 | Dec 31, 2019 | 28 | Feb 11, 2020 | 29 |
Volatility
Volatility Chart
The current Muzinich Low Duration Fund volatility is 0.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.