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T Rowe European High Yield Bond Qdh GBP

Ranked 17 out of 18 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 : 30/09/2017 - 31/12/2017
  • Rank 17/18 Total Return
  • Rank 18/18 Standard Deviation
  • Rank 17/18 Max Drawdown
Fund Name Currency Return
15 Schroder ISF Strategic Credit C Acc GBP

0.5%

16 Invesco Perpetual High Yield Acc GBP

0.2%

17 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

0.1%

18 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPIA

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.3%

Fund Name Currency Risk
14 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

3.2

15 Janus Henderson HF Euro HiYld Bond Z2 HGBP GBP

3.2

15 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPIA

Currency exposure is hedged

Currency exposure is hedged

GBP

3.2

17 Aberdeen European High Yield Bond A2 Acc GBP

3.3

18 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

3.4

Fund Name Currency Loss
14 Janus Henderson HF Euro HiYld Bond Z2 HGBP GBP

-0.5%

15 Aberdeen European High Yield Bond A2 Acc GBP

-0.8%

16 Invesco Perpetual High Yield Acc GBP

-0.8%

17 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.1%

18 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPIA

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.2%

Total Return

Quarterly Performance

to 31/12/2017 Annual Q1 Q2 Q3 Q4
2017 1.7% 2.0% 0.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

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

Fund Info

  • Launch date16/03/2017
  • Share Class size00Mn
  • Base currencyEUR
  • 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

Bond specialist Michael Della Vedova is looking to the secondary market for 'tried and tested' bets as primary plays prove troublesome.

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