MZHSX

ActiveMin. $1M

Muzinich Flexible U.S. High Yield Income Fund

Category: US Bond (5,386 funds)

Expense Ratio

0.58%

Annual Cost per $10K

$58.00

30-Year Fee Drag per $10K

$11,453

at 7% annual return

Fund Type

Mutual Fund

Active · Min: $1M

Trailing 12-Month

+8.17%

Asset Allocation

US Bond

83%

Intl Bond

15%

Cash

Fee Comparison

MZHSX

0.58%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

24% cheaper than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of December 2025 · Updated quarterly

+28.38%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

MZHSX at 0.58%$323,346

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$57,267

Cost vs index fund−$54,078

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of December 2025

Ticker	Name	ER	1yr	3yr	5yr
MZHSX	Muzinich Flexible U.S. High Yield Income Fund	0.58%	+8.17%	+8.69%	+4.26%
BAGSX	Baird Aggregate Bond Fund	0.55%	+5.24%	+5.74%	-0.32%
DOXIX	Dodge & Cox Income Fund	0.33%	+6.08%	+6.94%	—
FBKWX	Fidelity Total Bond Fund	0.75%	+3.99%	+4.27%	+0.57%
BCOSX	Baird Core Plus Bond Fund	0.55%	+5.41%	+6.17%	+0.14%
VFICX	VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND	0.20%	+8.23%	+8.13%	+1.09%
GIBRX	Guggenheim Total Return Bond Fund	0.49%	+6.52%	+7.11%	+0.66%
PIINX	PIMCO Income Fund	1.08%	+9.19%	+8.66%	+4.05%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	0.06%	+5.70%	+5.76%	+0.79%
VTBIX	VANGUARD TOTAL BOND MARKET II INDEX FUND	0.09%	+5.18%	+5.23%	-0.45%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	0.06%	+5.71%	+5.29%	+2.12%
FSMTX	Fidelity SAI Total Bond Fund	0.29%	+4.17%	+4.37%	+0.79%
BIMSX	Baird Intermediate Bond Fund	0.55%	+5.68%	+5.54%	+0.81%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	0.03%	+5.17%	+5.30%	-0.40%
LGBNX	Loomis Sayles Investment Grade Bond Fund	0.44%	+5.36%	+6.49%	+1.57%
MHYSX	NYLI MacKay High Yield Corporate Bond Fund	0.56%	+6.61%	+8.80%	+5.29%
VFSTX	VANGUARD SHORT-TERM INVESTMENT-GRADE FUND	0.07%	+6.38%	+6.33%	+2.19%
ABNDX	Bond Fund of America	1.04%	+5.29%	+4.96%	-0.25%
WACSX	Western Asset Core Bond Fund	0.42%	+5.84%	+5.74%	-1.05%
IUSB	iShares Core Universal USD Bond ETF	0.06%	+6.50%	+6.20%	+0.26%
CMBKX	American Funds Multi-Sector Income Fund	0.70%	+7.28%	+9.22%	+3.57%
PTRAX	PIMCO Total Return Fund	0.76%	+6.87%	+6.36%	+0.01%
FBND	Fidelity Total Bond ETF	0.36%	+3.85%	+4.04%	+0.36%
TSRSX	Thornburg Strategic Income Fund	0.53%	+6.59%	+7.11%	+3.54%
VWEAX	VANGUARD HIGH-YIELD CORPORATE FUND	0.22%	+8.45%	+9.43%	+4.79%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	0.14%	+3.36%	+4.42%	-0.63%
JCBPX	JPMorgan Core Bond Fund	1.33%	+3.25%	+3.03%	-0.39%
FSIGX	Fidelity Series Investment Grade Bond Fund	0.00%	+3.72%	+3.94%	+0.37%
TRVZX	T. Rowe Price New Income Fund, Inc.	0.32%	+3.45%	+2.95%	-0.33%
FTHRX	Fidelity Intermediate Bond Fund	0.45%	+4.73%	+4.22%	+0.86%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	0.03%	+5.41%	+5.03%	+1.42%
AGG	iShares Core U.S. Aggregate Bond ETF	0.03%	+3.13%	+3.01%	-0.68%
GIKRX	Guggenheim Limited Duration Fund	0.46%	+5.92%	+6.95%	+3.01%
JGCGX	JPMorgan Income Fund	0.39%	+6.58%	+5.52%	+2.95%
TBPPX	Nuveen Core Plus Bond Fund	0.45%	+4.97%	+6.27%	+0.48%
BIV	VANGUARD INTERMEDIATE-TERM BOND INDEX FUND	0.03%	+6.33%	+5.84%	-0.20%
FIHAX	Federated Hermes Institutional High Yield Bond Fund	0.75%	+7.20%	—	—
MRBBX	MFS Total Return Bond Fund	0.60%	+5.35%	+5.64%	-0.40%
SIDCX	SIIT INTERMEDIATE DURATION CREDIT FUND	0.32%	+3.69%	+4.18%	-0.20%
FRERX	Franklin Total Return Fund	0.39%	+6.43%	+6.33%	+0.26%
TBBWX	Nuveen Core Bond Fund	0.29%	+5.55%	+6.37%	+0.53%
CDSRX	Calvert Short Duration Income Fund	0.45%	+6.40%	+6.96%	+3.42%
FANCX	Fidelity Short-Term Bond Fund	0.50%	-2.25%	-6.36%	-9.46%
TRKZX	T. Rowe Price High Yield Fund, Inc.	0.60%	+8.32%	+9.55%	+5.47%
VWESX	VANGUARD LONG-TERM INVESTMENT-GRADE FUND	0.21%	+5.20%	+7.18%	-2.69%
TSBBX	Nuveen Core Impact Bond Fund	0.51%	+5.12%	+5.57%	-0.29%
BBTBX	Bridge Builder Core Bond Fund	0.12%	+5.74%	+6.07%	+0.23%
HIGFX	American High Income Trust	0.32%	+8.57%	+10.59%	+7.12%
VCOBX	VANGUARD CORE BOND FUND	0.10%	+5.80%	+5.84%	-0.01%
FZOMX	Fidelity SAI Short-Term Bond Fund	0.21%	+5.00%	+4.59%	—
BBCPX	Bridge Builder Core Plus Bond Fund	0.16%	+6.72%	+6.55%	+0.85%
DPZRX	Nomura Diversified Income Fund	0.33%	+6.92%	+6.83%	+0.67%
VIITX	VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND$100M min	0.02%	+6.11%	+5.62%	+1.05%
FTKFX	Fidelity Total Bond K6 Fund	0.30%	+3.85%	+4.06%	+0.54%
LOPLX	Lord Abbett Core Plus Bond Fund	0.40%	+4.15%	+4.46%	+0.85%
FTSM	First Trust Enhanced Short Maturity ETF	0.25%	+4.68%	+5.04%	+3.06%
ACHFX	High Income Fund	0.68%	+9.41%	+10.97%	—
SCHI	Schwab 5-10 Year Corporate Bond ETF	0.03%	+7.62%	+8.14%	+1.01%
FBNDX	Fidelity Investment Grade Bond Fund	0.75%	+3.44%	+3.44%	-0.20%
BUBSX	Baird Ultra Short Bond Fund	0.40%	+4.66%	+5.21%	+3.07%
LDLVX	Lord Abbett Short Duration Income Fund	0.32%	+5.74%	+4.94%	+2.70%
MDHEX	NYLI MacKay Short Duration High Income Fund	0.68%	—	—	—
JCPPX	JPMorgan Core Plus Bond Fund	1.14%	+3.47%	+3.44%	-0.03%
PBFKX	Victory Pioneer Bond Fund	0.36%	—	—	—
PSJIX	Short-Term Income Fund	0.63%	+5.24%	+5.66%	+2.13%
HSDFX	THE HARTFORD SHORT DURATION FUND	0.43%	+6.35%	+6.94%	+3.09%
ISIAX	VOYA STRATEGIC INCOME OPPORTUNITIES FUND	0.62%	+6.97%	+6.92%	+3.37%
BSBSX	Baird Short-Term Bond Fund	0.55%	+5.23%	+5.38%	+2.09%
CCBFX	Capital Group Central Corporate Bond Fund	—	+3.73%	+4.53%	—
PLIAX	Aristotle Core Income Fund	0.85%	+5.24%	—	—
CBORX	Calvert Bond Fund	0.46%	+6.51%	+6.92%	+1.37%
LTRHX	Lord Abbett Total Return Fund	0.36%	+3.84%	+3.82%	+0.30%
FFRAX	Fidelity Advisor Floating Rate High Income Fund	0.73%	-5.49%	-16.23%	-20.26%
WAPSX	Western Asset Core Plus Bond Fund	0.42%	+5.71%	+5.73%	-1.36%
BOND	PIMCO Active Bond Exchange-Traded Fund	0.54%	+6.39%	+6.50%	+0.19%
FGKNX	Franklin Core Plus Bond Fund	0.72%	+6.41%	+7.51%	+2.92%
ERABX	Eaton Vance Total Return Bond Fund	0.43%	+7.64%	—	—
FAFIX	First American Multi-Manager Fixed-Income Fund$1M min	0.60%	+5.29%	+5.90%	+0.42%
LIIAX	Columbia Select Corporate Income Fund	0.48%	+6.21%	+7.53%	+0.75%
VUBFX	VANGUARD ULTRA-SHORT-TERM BOND FUND	0.20%	+5.03%	+5.34%	+2.94%
VISTX	VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND$100M min	0.02%	+5.53%	+5.35%	+2.20%
QCBMFX	College Retirement Equities Fund - Core Bond Account	—	+5.65%	+6.14%	—
STYAX	Allspring Core Plus Bond Fund	0.67%	+3.30%	+3.50%	+2.07%
NERNX	Loomis Sayles Core Plus Bond Fund	0.39%	+5.79%	+5.96%	+0.19%
JBFRX	Bond Fund	0.46%	+3.37%	+3.61%	-0.09%
NRSIX	Neuberger Berman Strategic Income Fund	0.51%	+9.22%	+9.46%	+4.29%
JDYRX	PGIM High Yield Fund	0.74%	+8.73%	+8.45%	+4.68%
LBIIX	THRIVENT INCOME FUND	0.47%	+6.94%	+7.99%	+1.05%
THRLX	Thornburg Limited Term Income Fund	0.42%	+6.02%	+6.47%	+1.99%
TBIIX	Nuveen Bond Index Fund	0.32%	+4.99%	+5.23%	-0.51%
ISTB	iShares Core 1-5 Year USD Bond ETF	0.06%	+5.98%	+5.74%	+1.82%
EIBRX	Eaton Vance Income Fund of Boston	0.66%	+7.89%	+9.49%	+5.83%
DDCFX	DoubleLine Core Fixed Income Fund	0.50%	+5.99%	+6.30%	+0.72%
IIBAX	VOYA INTERMEDIATE BOND FUND	1.43%	+5.27%	+6.06%	-0.11%
DDLDX	DoubleLine Low Duration Bond Fund	0.70%	+5.59%	+6.23%	+3.15%
UINCX	Victory Income Fund	0.84%	+5.93%	+6.54%	+0.81%
PYLSX	Payden Limited Maturity Fund	0.25%	+5.22%	+5.89%	—
FZOLX	Fidelity SAI Low Duration Bond Fund	0.20%	+5.04%	+5.18%	—
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	0.10%	+4.75%	+4.39%	+0.97%
JAFLX	Janus Henderson Flexible Bond Portfolio$1M min	0.82%	+5.60%	+5.10%	-0.20%
ICVT	iShares Convertible Bond ETF	0.20%	+25.68%	+15.86%	+8.98%

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