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Funds for European Institutional Investors
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Muzinich, through an Irish domiciled UCITS umbrella fund structure, offers a
variety of funds focused on different segments of the corporate bond market.
All the funds meet European Union mutual fund regulatory requirements.
The
Muzinich Funds offer
daily liquidity and a variety of currency hedged as well as income distribution
or accumulation programs.
Upper-Tier High Yield Bond Funds
Upper-Tier High Yield Bond Funds

Americayield
Focuses on dollar denominated credits issued by North American corporations
with a minimum rating of B3/B-. The fund is prudently diversified over more
than 150 issuers and 30 industries with an average credit rating of BB-/B+ and
duration of approximately 3.5 to 4.5 years.
The fund, which is our Flagship fund, was launched in 1998. It traces its track
record back to the 1990 launch of Penates, Americayield's predecessor offshore
fund.
Americayield is available in both dollar and euro share classes.
Europeyield
Focuses on euro denominated credits issued by European corporations with a
minimum rating of B3/B-. The fund is generally diversified over more than 50
credits and 20 industries with an average credit rating of B+ and duration of
approximately 3.5 to 4.5 years.
Transatlanticyield
Focuses on euro and dollar denominated credits issued by North American and
European corporations with a minimum rating of B3/B-. The fund is about 80%
invested in U.S. credit and about 20% invested in European credits.
Transatlanticyield is prudently diversified over more than 150 issuers and 30
industries with an average credit rating of BB-/B+ and duration of
approximately 3.5 to 4.5 years.
Transatlanticyield is available in both sterling and euro share classes.
Short - Term Corporate Bond Fund
Enhancedyield Short-Term Fund
Is a low risk short-term corporate bond fund with an investment grade average
rating. It includes a basket of up to 25% which may be invested in the BB
ratings category. Average portfolio duration is approximately two years. The
fund will generally hold about 100 securities spread over at least 25
industries.
Enhancedyield is available in dollar, euro and sterling share classes.
For further information
on our Muzinich Funds, please do not hesitate to contact
us.

Muzinich & Co. does not offer these
products or services outside their intended countries or regions.
Access to this material by U.S.
residents is for informational purposes only and is not an offer
to sell, a solicitation of an offer, or a recommendation.