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T Rowe European High Yield Bond AH USD

Ranked 14 out of 16 in - Europe High Yield over 12 months
All calculations are in USD 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 Singapore View performance globally

Performance

Europe High Yield over : 30/06/2017 - 30/06/2018
  • Rank 14/16 Total Return
  • Rank 14/16 Standard Deviation
  • Rank 14/16 Max Drawdown
Fund Name Currency Return
12 M&G European High Yield Bond USD A-H Inc USD

1.5%

13 Oaktree (Lux) Fds-Oaktree European Hi Yld BdHUSDB

Currency exposure is hedged

Currency exposure is hedged

USD

1.4%

14 T Rowe European High Yield Bond AH USD

Currency exposure is hedged

Currency exposure is hedged

USD

0.6%

15 Morgan Stanley European Curr High Yield Bd ADX USD

Currency exposure is hedged

Currency exposure is hedged

USD

0.1%

16 Algebris Financial Credit Wd USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

-3.7%

Fund Name Currency Risk
12 Fidelity Funds - European Hi Yld A-ACC-USD H

Currency exposure is hedged

Currency exposure is hedged

USD

2.5

13 Goldman Sachs Europe HY Bond Pf P Acc USD-H

Currency exposure is hedged

Currency exposure is hedged

USD

2.6

14 T Rowe European High Yield Bond AH USD

Currency exposure is hedged

Currency exposure is hedged

USD

2.8

15 Algebris Financial Credit Wd USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

4.4

16 Morgan Stanley European Curr High Yield Bd ADX USD

Currency exposure is hedged

Currency exposure is hedged

USD

9.4

Fund Name Currency Loss
12 Goldman Sachs Europe HY Bond Pf P Acc USD-H

Currency exposure is hedged

Currency exposure is hedged

USD

-1.7%

13 Fidelity Funds - European Hi Yld A-ACC-USD H

Currency exposure is hedged

Currency exposure is hedged

USD

-2.0%

14 T Rowe European High Yield Bond AH USD

Currency exposure is hedged

Currency exposure is hedged

USD

-2.2%

15 Algebris Financial Credit Wd USD Acc

Currency exposure is hedged

Currency exposure is hedged

USD

-7.2%

16 Morgan Stanley European Curr High Yield Bd ADX USD

Currency exposure is hedged

Currency exposure is hedged

USD

-10.3%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -0.8% -0.8%
2017 4.4% 0.4% 1.7% 2.0% 0.3%
2016 11.2% 2.1% 1.2% 4.3% 3.2%
2015 5.4% 3.1% 0.2% -0.6% 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. Guernsey
  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 date08/12/2014
  • Share Class size05Mn
  • Base currencyEUR
  • ISIN LU1148396556
  • Currency exposure is hedged

Purchase Info

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

Charges

  • Annual management1.15%
  • Initial investment0.00%

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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).