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T Rowe European High Yield Bond Qdh GBP

Ranked 19 out of 19 in - Europe High Yield over 3 months
All calculations are in GBP unless stated

Managed by

Michael Della Vedova

Michael Della Vedova joined T Rowe Price in 2009 where he is portfolio manager of the T Rowe Price European High Yield Bond Fund using a fundamental investment style. Prior to joining the company, he was co-founder and partner of Four Quarter Capital. He earned bachelor of law and commerce degrees at the University of New South Wales and holds a postgraduate diploma in legal practice from the University of Technology in Sydney. He is based in London and his interests outside of fund management include rugby, football, cricket and music.

Objective

The fund invests at least two-thirds of total assets in debt securities that are rated below BBB- by Standard & Poors or have an equivalent rating (or, if unrated, are of equivalent quality), and are issued by companies and denominated in euro or another European currency. Portfolio debt securities can include fixed and floating rate bonds as well as preferred stocks, convertible bonds and other transferable debt securities of any type. The fund does not invest more than 10% of assets in equities and equity-related securities, 25% of assets in convertible bonds, and one third of assets in money market securities.

Showing fund performance in United Kingdom View performance globally

Performance

Europe High Yield over : 31/05/2017 - 31/08/2017
  • Rank 19/19 Total Return
  • Rank 14/19 Standard Deviation
  • Rank 19/19 Max Drawdown
Fund Name Currency Return
15 Nordea 1 - European High Yield Bond HAI GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

1.2%

16 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPEA

Currency exposure is hedged

Currency exposure is hedged

GBP

1.1%

17 BlueBay High Yield Corporate Bond D GBP (QIDiv)

Currency exposure is hedged

Currency exposure is hedged

GBP

1.0%

18 Schroder ISF Strategic Credit C Acc GBP

0.8%

19 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

0.7%

Fund Name Currency Risk
12 BlueBay High Yield Bond D GBP (QIDiv)

Currency exposure is hedged

Currency exposure is hedged

GBP

1.8

13 JPM Europe High Yield Bond X GBP Hgd GBP

2.5

14 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

2.8

15 Invesco Perpetual High Yield Acc GBP

3.5

16 Morgan Stanley European Curr High Yield Bd ZX GBP GBP

3.9

Fund Name Currency Loss
15 JPM Europe High Yield Bond X GBP Hgd GBP

-0.1%

16 Fidelity Funds - European Hi Yld Y-ACC-GBP H

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.1%

17 Invesco Perpetual High Yield Acc GBP

-0.1%

18 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.2%

19 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.6%

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Belgium
  2. Denmark
  3. Estonia
  4. Finland
  5. France
  6. Germany
  7. Iceland
  8. Ireland
  9. Italy
  10. Jersey
  11. Latvia
  12. Lithuania
  13. Luxembourg
  14. Netherlands
  15. Norway
  16. Portugal
  17. Singapore
  18. Spain
  19. Sweden
  20. Switzerland
  21. United Kingdom

Fund Info

  • Launch date16/03/2017
  • Share Class size00Mn
  • Base currencyGBP
  • ISIN LU1558474414
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment15,000
  • Min. regular additional investment0

Charges

  • Annual management0.60%
  • Initial investment0

Related News

T Rowe HY veteran: Why I'm wary of first time issuers

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).