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Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlueBay Destra International Event-Driven Credit Fund

CEDAX | Fund

$23.87

$117 M

4.85%

$1.16

3.30%

Vitals

YTD Return

10.4%

1 yr return

14.6%

3 Yr Avg Return

20.1%

5 Yr Avg Return

N/A

Net Assets

$117 M

Holdings in Top 10

41.3%

52 WEEK LOW AND HIGH

$23.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.30%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 09/22/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlueBay Destra International Event-Driven Credit Fund

CEDAX | Fund

$23.87

$117 M

4.85%

$1.16

3.30%

CEDAX - Profile

Distributions

  • YTD Total Return 10.4%
  • 3 Yr Annualized Total Return 20.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.33%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlueBay Destra International Event-Driven Credit Fund
  • Fund Family Name
    DESTRA
  • Inception Date
    Dec 21, 2018
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Duncan Farley

Fund Description

CEDAX - Performance

Return Ranking - Trailing

Period CEDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -49.1% 11.6% 1.42%
1 Yr 14.6% -51.9% 12.8% 0.57%
3 Yr 20.1%* -22.8% 9.7% 0.31%
5 Yr N/A* -29.5% 3.0% 0.19%
10 Yr N/A* -27.4% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period CEDAX Return Category Return Low Category Return High Rank in Category (%)
2022 -0.8% -26.7% 18.4% 1.31%
2021 -15.9% -26.6% 25.7% 99.40%
2020 4.3% -49.2% 18.7% 21.27%
2019 8.5% -35.1% 12.4% 8.79%
2018 N/A -48.0% 3.4% N/A

Total Return Ranking - Trailing

Period CEDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -48.1% 13.6% 1.42%
1 Yr 14.6% -47.3% 14.1% 0.57%
3 Yr 20.1%* -18.9% 19.8% 0.31%
5 Yr N/A* -11.2% 9.6% 0.19%
10 Yr N/A* -12.3% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CEDAX Return Category Return Low Category Return High Rank in Category (%)
2022 20.8% -23.0% 20.8% 0.29%
2021 17.0% -7.6% 50.0% 0.75%
2020 7.5% -28.6% 24.1% 34.58%
2019 15.1% -4.8% 18.6% 4.04%
2018 N/A -37.3% 8.0% N/A

NAV & Total Return History

CEDAX - Holdings

Concentration Analysis

CEDAX Category Low Category High CEDAX % Rank
Net Assets 117 M 1.44 M 119 B 77.91%
Number of Holdings 92 2 8175 79.34%
Net Assets in Top 10 48.3 M -1.57 B 20.5 B 70.23%
Weighting of Top 10 41.26% 4.3% 105.0% 29.96%

Top 10 Holdings

  1. BlackRock Liquidity FedFund, Class Institutional 6.93%
  2. United States Treasury Note 4.94%
  3. Takko Luxembourg 2 SCA 4.91%
  4. KCA Deutag UK Finance PLC 4.29%
  5. Borr Drilling, Ltd. 3.96%
  6. Biscuit Holding SASU 3.87%
  7. Odfjell Rig III, Ltd. 3.63%
  8. EURO CURRENCY / 3.01%
  9. Petrofac, Ltd. 2.91%
  10. MPC Container Ships ASA 2.81%

Asset Allocation

Weighting Return Low Return High CEDAX % Rank
Bonds 		80.21% -150.81% 180.51% 63.39%
Cash 		46.25% -261.12% 258.91% 4.13%
Stocks 		15.07% -38.22% 261.12% 12.96%
Preferred Stocks 		0.00% 0.00% 13.21% 46.58%
Convertible Bonds 		0.00% 0.00% 33.50% 86.40%
Other 		-41.53% -25.82% 276.99% 98.86%

Stock Sector Breakdown

Weighting Return Low Return High CEDAX % Rank
Industrials 		37.50% 0.00% 100.00% 6.56%
Energy 		36.79% 0.00% 100.00% 31.50%
Utilities 		23.52% 0.00% 100.00% 9.19%
Consumer Cyclical 		1.55% 0.00% 89.95% 40.94%
Technology 		0.15% 0.00% 29.61% 34.38%
Financial Services 		0.15% 0.00% 100.00% 54.86%
Basic Materials 		0.13% 0.00% 100.00% 36.75%
Healthcare 		0.09% 0.00% 100.00% 34.12%
Consumer Defense 		0.09% 0.00% 99.97% 37.53%
Communication Services 		0.04% 0.00% 100.00% 45.14%
Real Estate 		0.01% 0.00% 100.00% 44.36%

Stock Geographic Breakdown

Weighting Return Low Return High CEDAX % Rank
Non US 		11.49% -0.10% 18.33% 0.57%
US 		3.58% -40.06% 261.12% 24.79%

Bond Sector Breakdown

Weighting Return Low Return High CEDAX % Rank
Corporate 		64.12% 0.00% 97.25% 17.77%
Cash & Equivalents 		12.54% 0.00% 100.00% 16.00%
Government 		6.96% 0.00% 99.43% 63.44%
Securitized 		1.98% 0.00% 99.65% 83.85%
Municipal 		0.00% 0.00% 54.26% 42.29%
Derivative 		-41.53% -0.52% 72.98% 99.29%

Bond Geographic Breakdown

Weighting Return Low Return High CEDAX % Rank
US 		48.16% -151.11% 194.51% 76.21%
Non US 		32.04% -136.75% 104.82% 11.82%

CEDAX - Expenses

Operational Fees

CEDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.30% 0.01% 26.65% 4.84%
Management Fee 1.75% 0.00% 2.29% 96.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% 97.83%

Sales Fees

CEDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 2.31%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CEDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CEDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 75.00%

CEDAX - Distributions

Dividend Yield Analysis

CEDAX Category Low Category High CEDAX % Rank
Dividend Yield 4.85% 0.00% 18.30% 2.68%

Dividend Distribution Analysis

CEDAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

CEDAX Category Low Category High CEDAX % Rank
Net Income Ratio 5.33% -1.55% 11.51% 8.41%

Capital Gain Distribution Analysis

CEDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CEDAX - Fund Manager Analysis

Managers

Duncan Farley

Start Date

Tenure

Tenure Rank

May 09, 2018

4.06

4.1%

Duncan Farley – Portfolio Manager, Leveraged Finance – Duncan is a Portfolio Manager focusing on absolute return credit strategies within BlueBay UK’s Global Leveraged Finance Group. Prior to joining BlueBay in March 2014, Duncan amassed over 16 years’ experience in the European high yield and distressed debt markets working for several leading investment firms, including King Street Capital Management, where he spent four years as a senior credit analyst. Duncan holds a BA (Hons) degree in Accounting and Computing from the University of Kent and is a qualified ACA (Association of Chartered Accountants) with the Institute of Chartered Accountants in England and Wales (ICAEW).

Adam Phillips

Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Adam Phillips — Portfolio Manager, Leveraged Finance — Adam joined BlueBay UK in October 2020 as the Head of Developed Markets Special Situations, to further enhance BlueBay’s global leveraged finance strategies. Before joining BlueBay, Adam was Head of Investments at Blantyre Capital, European CIO at Marathon Asset Management and Head of European High Yield & Distressed at Lehman Brothers. Earlier in his career, Adam was Head of the Asian Distressed team at Standard Bank and he started his career at British & Commonwealth Merchant Bank in structured and property finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.66 3.19

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