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T Rowe European High Yield Bond Ax EUR

Ranked 11 out of 16 in - Europe High Yield over 3 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 sub-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 : 30/03/2018 - 30/06/2018
  • Rank 11/16 Total Return
  • Rank 13/16 Standard Deviation
  • Rank 13/16 Max Drawdown
Fund Name Currency Return
10 Goldman Sachs Europe HY Bond Pf Base Acc EUR EUR

-1.3%

11 T Rowe European High Yield Bond Ax EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.5%

12 M&G European High Yield Bond A Euro Acc EUR

-1.9%

13 Fidelity Funds - European Hi Yld A-EUR EUR

-1.9%

Fund Name Currency Loss
11 Goldman Sachs Europe HY Bond Pf Base Acc EUR EUR

-2.2%

12 Fidelity Funds - European Hi Yld A-EUR EUR

-2.2%

13 T Rowe European High Yield Bond Ax EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.3%

14 Eurizon Fund Bond High Yield R EUR

-2.3%

15 Morgan Stanley European Curr High Yield Bd ADX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-3.0%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -1.4% -1.5%
2017 -0.2%

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. Hong Kong
  9. Iceland
  10. Ireland
  11. Italy
  12. Jersey
  13. Latvia
  14. Lithuania
  15. Luxembourg
  16. Netherlands
  17. Norway
  18. Portugal
  19. Singapore
  20. Spain
  21. Sweden
  22. Switzerland
  23. United Kingdom

Fund Info

  • Launch date24/08/2017
  • Share Class size00Mn
  • Base currencyEUR
  • ISIN LU1670771028
  • Currency exposure is hedged

Purchase Info

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

Charges

  • Annual management1.15%

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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).