Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

T Rowe European High Yield Bond A EUR

Ranked 12 out of 15 in - Europe 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

Europe High Yield over : 30/06/2016 - 30/06/2017
  • Rank 12/15 Total Return
  • Rank 12/15 Standard Deviation
  • Rank 6/15 Max Drawdown
Fund Name Currency Return
10 F&C European High Yield Bond A EUR Inc

Currency exposure is hedged

Currency exposure is hedged

EUR

8.5%

11 AXA WF European High Yield Bonds E EUR EUR

8.3%

12 T Rowe European High Yield Bond A EUR EUR

7.9%

13 JPM Europe High Yield Bond D Acc EUR EUR

7.7%

14 Eurizon Fund Bond High Yield R EUR

6.8%

Fund Name Currency Loss
4 AXA WF European High Yield Bonds E EUR EUR

-0.5%

5 Morgan Stanley European Curr High Yield Bd ADX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.8%

6 T Rowe European High Yield Bond A EUR EUR

-0.8%

6 Nordea 1 - European High Yield Bond BI EUR EUR

-0.8%

8 Threadneedle European High Yld Bd Ret Net Acc EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.9%

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 -0.1% 1.2%
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. 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 date20/09/2011
  • Share Class size75Mn
  • 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).