CEDIX: BlueBay Destra International Event-Driven Credit Fund - MutualFunds.com
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BlueBay Destra Intl Event-Driven Crdt I

CEDIX - Snapshot

Vitals

  • YTD Return 9.1%
  • 3 Yr Annualized Return 10.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 35.1%

52 WEEK LOW AND HIGH

$28.79
$23.31
$29.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.33%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 124.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Compare CEDIX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.09

-0.08%

$140.17 B

3.64%

$0.44

-0.17%

1.09%

$10.36

0.00%

$41.21 B

2.42%

$0.25

-0.10%

0.75%

$8.52

+0.12%

$24.92 B

3.11%

$0.26

1.31%

0.78%

$12.80

0.00%

$16.22 B

2.11%

$0.27

1.51%

0.96%

$9.54

0.00%

$12.13 B

4.34%

$0.41

1.17%

0.41%

CEDIX - Profile

Distributions

  • YTD Total Return 9.1%
  • 3 Yr Annualized Total Return 10.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.68%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    BlueBay Destra International Event-Driven Credit Fund
  • Fund Family Name
    Destra
  • Inception Date
    May 09, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tim Leary

Fund Description

Under normal market conditions, the fund will invest at least 80% of its total assets (including borrowings for investment purposes) in credit related instruments and/or investments that have similar economic characteristics as credit related instruments that are considered by the fund to have the potential to provide a high level of total return. It is non-diversified.


CEDIX - Performance

Return Ranking - Trailing

Period CEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -34.4% 23.3% 0.63%
1 Yr 29.9% -43.4% 54.3% 1.04%
3 Yr 10.2%* -15.5% 11.8% 0.61%
5 Yr N/A* -17.0% 14.5% N/A
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period CEDIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.3% -49.2% 314.3% 21.22%
2019 8.5% -35.1% 15.3% 7.67%
2018 N/A -48.0% 3.4% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 10.7% N/A

Total Return Ranking - Trailing

Period CEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% -34.4% 23.1% 0.63%
1 Yr 29.9% -46.7% 54.3% 1.39%
3 Yr 10.2%* -17.1% 13.4% 1.02%
5 Yr N/A* -18.0% 14.5% N/A
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CEDIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.3% -49.2% 314.3% 21.22%
2019 8.5% -35.1% 15.3% 7.67%
2018 N/A -48.0% 8.0% N/A
2017 N/A -14.8% 15.2% N/A
2016 N/A -11.2% 17.7% N/A

NAV & Total Return History


CEDIX - Holdings

Concentration Analysis

CEDIX Category Low Category High CEDIX % Rank
Net Assets N/A 10 140 B N/A
Number of Holdings 103 3 8055 77.15%
Net Assets in Top 10 17.7 M -3.15 B 6.07 B 70.27%
Weighting of Top 10 35.10% 4.2% 100.0% 40.43%

Top 10 Holdings

  1. BlackRock Liquidity FedFund Instl 12.15%
  2. Valencia Bidco Llc 6.92%
  3. Valencia Bidco Llc 6.92%
  4. Valencia Bidco Llc 6.92%
  5. Valencia Bidco Llc 6.92%
  6. Valencia Bidco Llc 6.92%
  7. Valencia Bidco Llc 6.92%
  8. Valencia Bidco Llc 6.92%
  9. Valencia Bidco Llc 6.92%
  10. Valencia Bidco Llc 6.92%

Asset Allocation

Weighting Return Low Return High CEDIX % Rank
Bonds
58.82% -146.87% 217.61% 89.31%
Cash
19.37% -155.41% 259.83% 20.76%
Convertible Bonds
13.11% 0.00% 129.09% 3.32%
Stocks
5.30% -54.77% 184.68% 13.64%
Other
3.36% -45.66% 104.83% 6.76%
Preferred Stocks
0.04% 0.00% 31.40% 49.02%

Bond Sector Breakdown

Weighting Return Low Return High CEDIX % Rank
Corporate
73.39% 0.00% 100.00% 12.16%
Cash & Equivalents
21.95% 0.00% 100.00% 18.67%
Securitized
2.13% 0.00% 98.90% 83.91%
Government
1.94% 0.00% 99.63% 77.03%
Derivative
0.59% 0.00% 59.04% 41.89%
Municipal
0.00% 0.00% 55.87% 48.77%

Bond Geographic Breakdown

Weighting Return Low Return High CEDIX % Rank
Non US
45.80% -225.98% 126.35% 12.04%
US
13.02% -147.15% 292.53% 92.87%

CEDIX - Expenses

Operational Fees

CEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.33% 0.02% 5.53% 10.23%
Management Fee 1.77% 0.00% 2.25% 97.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

CEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

CEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 124.00% 0.00% 498.00% 70.70%

CEDIX - Distributions

Dividend Yield Analysis

CEDIX Category Low Category High CEDIX % Rank
Dividend Yield 2.93% 0.00% 3.34% 28.16%

Dividend Distribution Analysis

CEDIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Daily Monthly

Net Income Ratio Analysis

CEDIX Category Low Category High CEDIX % Rank
Net Income Ratio 3.68% -1.28% 11.44% 31.48%

Capital Gain Distribution Analysis

CEDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

CEDIX - Fund Manager Analysis

Managers

Tim Leary


Start Date

Tenure

Tenure Rank

May 09, 2018

3.15

3.2%

Tim Leary – Portfolio Manager, Leveraged Finance – Tim joined BlueBay USA in January 2012, as Head of Trading, North America within the Global Leveraged Finance Group based in the Stamford, Connecticut, office before he was promoted to his current role in January 2017. Prior to joining BlueBay USA, Tim was a director in high yield and distressed credit trading at the Royal Bank of Scotland (RBS). Before joining RBS, Tim spent three years as an analyst on the leveraged loan trading desk at Bear, Stearns & Co. Tim holds a BS in Business Administration with Finance concentration from Fordham University.

Blair Reid


Start Date

Tenure

Tenure Rank

May 09, 2018

3.15

3.2%

Blair is a Senior Portfolio Manager with the Multi Asset and Income team at BlueBay. He joined BlueBay in August 2013 and became Senior Portfolio Manager in June 2017. Prior to BlueBay, Blair worked for Goldman Sachs Asset Management, Barclays Global Investors as well as Aon, where he was an investment consultant. He holds an MBA from London Business School, a Bachelor of Economics degree from Macquarie University in Sydney and is a Fellow of the Institute of Actuaries.

Duncan Farley


Start Date

Tenure

Tenure Rank

May 09, 2018

3.15

3.2%

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

0.41

0.4%

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
0.01 27.52 5.52 2.28