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T Rowe European High Yield Bond A EUR

Ranked 14 out of 27 in - Euro High Yield over 12 months
All calculations are in EUR 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 Portugal View performance globally

Performance

Euro High Yield over : 28/02/2016 - 28/02/2017
  • Rank 14/27 Total Return
  • Rank 16/27 Standard Deviation
  • Rank 24/27 Max Drawdown
Fund Name Currency Return
12 Muzinich EuropeYield Hedged EUR Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

12.2%

13 Threadneedle European High Yld Bd Ret Net Acc EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

11.9%

14 T Rowe European High Yield Bond A EUR EUR

11.9%

15 Allianz Euro High Yield Bond - AT - EUR EUR

11.5%

16 JPM Europe High Yield Bond D Acc EUR EUR

10.9%

Fund Name Currency Loss
22 Pictet-EUR High Yield-P EUR

-1.3%

23 Franklin Euro High Yield A (Ydis) EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.3%

24 T Rowe European High Yield Bond A EUR EUR

-1.3%

25 JPM Europe High Yield Bond D Acc EUR EUR

-1.5%

26 HSBC GIF Euro High Yield Bond EC EUR EUR

-1.6%

Total Return

Quarterly Performance

to 01/01/2017 Annual Q1 Q2 Q3 Q4
2016 9.6% 1.9% 0.8% 3.9% 2.7%
2015 5.2% 3.9% 0.1% -1.4% 2.5%
2014 5.2% 3.7% 3.1% -1.9% 0.3%
2013 11.9% 1.5% 0.4% 4.8% 4.7%
2012 21.8% 9.6% -0.5% 5.8% 5.5%
2011 2.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Estonia
  5. Finland
  6. France
  7. Germany
  8. Iceland
  9. Ireland
  10. Italy
  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 date20/09/2011
  • Share Class size92Mn
  • Base currencyEUR
  • ISIN LU0596127604

Purchase Info

  • Min. initial investment15,000
  • Min. regular additional investment1,000

Charges

  • Annual management1.15%

Related News

Beware of ‘fallen angels’, warns AAA-rated bond manager

European high yield bonds specialist Michael Della Vedova explains why he is steering clear of sectors boasting former IG names.

Europe’s M&A wave won’t create 2008 re-run, says HY specialist

Citywire AA-rated Michael Della Vedova says companies are in much better shape to properly take advantage of cheap debt dynamics.

T Rowe HY veteran: why I'm cautious on 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).