Financial News
BlueBay Destra International Event-Driven Credit Fund Achieves Top Performing Results For 5 Year Period and Crosses $200M in Assets
Destra Capital Advisors LLC (“Destra”), the Advisor to the BlueBay Destra International Event-Driven Credit Fund (the “Fund”), is pleased to announce that the Fund remains the top performing interval fund for the 3 year, 5 year, and since inception1 periods ending December 31, 2023. For the 5 year period, the Class I shares of the Fund delivered an average total return of 14.71% net of all fees. (Source: Morningstar).
Share Class |
Inception Date |
1 Year |
3 Year |
5 Year |
Since Inception1 |
Class I – CEDIX |
5/9/2018 |
12.83% |
17.01% |
14.71% |
12.18% |
Class A – CEDAX |
12/21/2018 |
12.59% |
16.73% |
14.42% |
14.36% |
Class L – CEDLX |
12/21/2018 |
12.31% |
16.43% |
14.13% |
14.08% |
Class T – CEDTX |
12/21/2018 |
12.03% |
16.13% |
13.85% |
13.79% |
Data presented reflects past performance, which is no guarantee of future results. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, current performance may be higher or lower than the performance shown. Call 877.855.3434 or access our website at destracapital.com for performance current to the most recent month end. Returns for period of less than one year are not annualized, and include reinvestment of all distributions. The Fund’s Gross/Net Expense ratios, without the Fund’s use of leverage, are as follows: I Shares 3.45%/2.25%, A Shares 3.70%/2.50%, L Shares 3.95%/2.75%, and T Shares 4.20%/3.00%. Performance information is reported net of the Fund’s fees and expenses.
1 The Since Inception returns are based on the inception date of each respective share class.
“These results are extraordinary,” said Robert A. Watson, CFP® the Fund and Advisor’s President. “When we partnered with RBC BlueBay, over 5 years ago to bring their event-driven, special situations credit skills to US investors, we knew that they had the potential to deliver results of this magnitude and they certainly have done it.” RBC BlueBay Asset Management (“RBC BlueBay”) a leading alternative asset manager, based out of London, with $110 Billion of AUM, serves as the Sub-Advisor to the Fund.
Highlighting the market’s acceptance of the Fund’s strategy, Destra also announced that the Fund had crossed an important asset and capital raising milestone with more than $200M in net assets as of February 26, 2024.
“As we have worked with Destra, to speak to financial representatives, registered investment advisors and wealth management firms across the US, we have been encouraged by the interest they have in the strategy and confidence they have shown by entrusting us with their client assets in the Fund,” said Duncan Farley, one of the RBC BlueBay portfolio managers for the Fund.
About BlueBay Destra International Event-Driven Credit Fund:
The BlueBay Destra International Event-Driven Credit Fund is a leading interval fund specializing in international event-driven credit opportunities. Managed by a team of experienced professionals, the Fund offers investors access to unique market opportunities that may provide attractive total returns, consisting of income and capital appreciation.
For a recent Fund review, watch the most recent quarterly webcast from the Portfolio Managers: https://www.destracapital.com/media/casts/q4-2023-fund-update-cedix
To learn more about the Fund, visit the Fund webpage here: https://www.destracapital.com/strategies/bluebay-destra-international-event-driven-credit-fund
About RBC BlueBay Asset Management
RBC BlueBay is a global specialist fixed income manager uniquely positioned at the convergence point between traditional and alternative asset managers. Headquartered in London with a strong European presence, RBC BlueBay invests over US$110 billion for institutional investors and financial institutions across the fixed income on a global scale, from active benchmarked portfolios to alternative strategies and private debt.
About Destra Capital Advisors LLC
Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser to the Fund.
Disclaimer: Investments in the Fund are subject to market risk, including the possible loss of principal. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. Read the prospectus carefully before investing.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240227762629/en/
Contacts
Destra Capital
877-855-3434
info@destracapital.com
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