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BlueBay Destra International Event Driven Credit Fund - BBay Destra Intl Event Driven Cr Fd USD Cls I
mutual fund
CEDIX
Payout Change
Pending
Price as of:
$23.2
+0.01
+0.04%
primary theme
Bond Sector Diversified
share class
CEDIX (Mutual Fund)
BlueBay Destra International Event Driven Credit Fund - BBay Destra Intl Event Driven Cr Fd USD Cls I
Payout Change
Pending
Price as of:
$23.2
+0.01
+0.04%
primary theme
Bond Sector Diversified
share class
CEDIX (Mutual Fund)
BlueBay Destra International Event Driven Credit Fund - BBay Destra Intl Event Driven Cr Fd USD Cls I
Payout Change
Pending
Price as of:
$23.2
+0.01
+0.04%
primary theme
Bond Sector Diversified
share class
Name
As of 12/20/2024Price
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 - BBay Destra Intl Event Driven Cr Fd USD Cls I
CEDIX | Fund
$23.20
-
5.58%
$1.29
3.05%
Vitals
YTD Return
7.2%
1 yr return
7.7%
3 Yr Avg Return
13.8%
5 Yr Avg Return
13.1%
Net Assets
$N/A
Holdings in Top 10
53.3%
52 WEEK LOW AND HIGH
$23.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/20/2024Price
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 - BBay Destra Intl Event Driven Cr Fd USD Cls I
CEDIX | Fund
$23.20
-
5.58%
$1.29
3.05%
CEDIX - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return 13.8%
- 5 Yr Annualized Total Return 13.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.55%
- Dividend Yield 5.6%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameBlueBay Destra International Event Driven Credit Fund - BBay Destra Intl Event Driven Cr Fd USD Cls I
-
Fund Family NameDestra
-
Inception DateMay 09, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDuncan Farley
Fund Description
CEDIX - Performance
Return Ranking - Trailing
| Period | CEDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -14.3% | 18.7% | 25.70% |
| 1 Yr | 7.7% | -13.8% | 19.7% | 26.47% |
| 3 Yr | 13.8%* | -17.0% | 13.3% | 0.16% |
| 5 Yr | 13.1%* | -15.1% | 13.1% | 0.18% |
| 10 Yr | N/A* | -7.0% | 6.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CEDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -12.0% | 8.9% | 32.77% |
| 2022 | -0.8% | -31.8% | 18.4% | 0.79% |
| 2021 | -15.9% | -16.2% | 25.7% | 99.34% |
| 2020 | 4.3% | -31.1% | 18.7% | 21.03% |
| 2019 | 8.5% | -6.1% | 15.3% | 9.06% |
Total Return Ranking - Trailing
| Period | CEDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -14.3% | 18.7% | 25.70% |
| 1 Yr | 7.7% | -13.8% | 19.7% | 26.47% |
| 3 Yr | 13.8%* | -17.0% | 13.3% | 0.16% |
| 5 Yr | 13.1%* | -15.1% | 13.1% | 0.18% |
| 10 Yr | N/A* | -7.0% | 6.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CEDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.8% | -6.9% | 22.2% | 4.02% |
| 2022 | 21.1% | -31.8% | 21.1% | 0.16% |
| 2021 | 17.3% | -13.5% | 49.9% | 0.49% |
| 2020 | 7.7% | -28.6% | 24.1% | 26.92% |
| 2019 | 15.1% | -4.8% | 19.1% | 1.54% |
NAV & Total Return History
CEDIX - Holdings
Concentration Analysis
| CEDIX | Category Low | Category High | CEDIX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 2.63 M | 143 B | N/A |
| Number of Holdings | 67 | 4 | 9638 | 88.30% |
| Net Assets in Top 10 | 22.3 M | -204 M | 89.4 B | 87.05% |
| Weighting of Top 10 | 53.32% | 5.8% | 265.8% | 23.74% |
Top 10 Holdings
- BlackRock Liquidity FedFund Instl 13.94%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
- MPC Container Ships ASA 7.21%
Asset Allocation
| Weighting | Return Low | Return High | CEDIX % Rank | |
|---|---|---|---|---|
| Bonds | 58.59% | 0.00% | 199.60% | 83.93% |
| Cash | 19.91% | -94.66% | 99.97% | 8.11% |
| Stocks | 17.73% | -6.18% | 99.68% | 12.79% |
| Other | 3.64% | -75.22% | 147.15% | 49.30% |
| Preferred Stocks | 0.12% | 0.00% | 21.58% | 30.89% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | 90.54% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CEDIX % Rank | |
|---|---|---|---|---|
| Corporate | 64.12% | 0.00% | 96.66% | 17.39% |
| Cash & Equivalents | 26.94% | 0.00% | 94.89% | 5.48% |
| Government | 6.96% | 0.00% | 99.43% | 62.80% |
| Securitized | 1.98% | 0.00% | 99.65% | 85.51% |
| Derivative | 0.00% | -75.22% | 147.15% | 53.83% |
| Municipal | 0.00% | 0.00% | 54.26% | 63.12% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CEDIX % Rank | |
|---|---|---|---|---|
| Non US | 46.17% | 0.00% | 74.14% | 5.15% |
| US | 12.42% | 0.00% | 199.60% | 88.61% |
CEDIX - Expenses
Operational Fees
| CEDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.05% | 0.03% | 34.13% | 5.91% |
| Management Fee | 1.75% | 0.00% | 2.29% | 95.82% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 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% | 1.50% | N/A |
Trading Fees
| CEDIX 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.
| CEDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 632.00% | 74.69% |
CEDIX - Distributions
Dividend Yield Analysis
| CEDIX | Category Low | Category High | CEDIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.58% | 0.00% | 23.30% | 2.94% |
Dividend Distribution Analysis
| CEDIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| CEDIX | Category Low | Category High | CEDIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.55% | -1.55% | 11.51% | 12.04% |
Capital Gain Distribution Analysis
| CEDIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.323 | OrdinaryDividend |
| Jun 27, 2024 | $0.696 | OrdinaryDividend |
| Mar 27, 2024 | $0.272 | OrdinaryDividend |
| Dec 27, 2023 | $0.717 | OrdinaryDividend |
| Sep 28, 2023 | $0.804 | OrdinaryDividend |
| Jun 29, 2023 | $0.303 | OrdinaryDividend |
| Mar 30, 2023 | $0.165 | OrdinaryDividend |
| Dec 28, 2022 | $1.967 | OrdinaryDividend |
| Sep 29, 2022 | $1.146 | OrdinaryDividend |
| Jun 29, 2022 | $0.835 | OrdinaryDividend |
| Mar 30, 2022 | $0.688 | OrdinaryDividend |
| Dec 29, 2021 | $7.775 | OrdinaryDividend |
| Sep 29, 2021 | $0.543 | OrdinaryDividend |
| Jun 29, 2021 | $0.282 | OrdinaryDividend |
| Mar 30, 2021 | $0.213 | OrdinaryDividend |
| Dec 29, 2020 | $0.014 | OrdinaryDividend |
| Sep 29, 2020 | $0.217 | OrdinaryDividend |
| Jun 29, 2020 | $0.218 | OrdinaryDividend |
| Mar 30, 2020 | $0.289 | OrdinaryDividend |
| Dec 27, 2019 | $0.497 | OrdinaryDividend |
| Dec 27, 2019 | $0.090 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.067 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.349 | OrdinaryDividend |
| Jun 27, 2019 | $0.299 | OrdinaryDividend |
| Mar 27, 2019 | $0.177 | OrdinaryDividend |
| Dec 28, 2018 | $0.338 | OrdinaryDividend |
CEDIX - 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 | 5.71 | 3.19 |
