BlueBay Destra International Event-Driven Credit Fund Class A Shares (CEDAX)
| Fund Assets | n/a |
| Expense Ratio | 2.52% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 2.40 |
| Dividend Yield | 10.24% |
| Dividend Growth | -1.51% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 27, 2025 |
| Previous Close | 22.02 |
| YTD Return | 2.07% |
| 1-Year Return | -5.78% |
| 5-Year Return | 88.69% |
| 52-Week Low | 21.47 |
| 52-Week High | 24.26 |
| Beta (5Y) | n/a |
| Holdings | 136 |
| Inception Date | n/a |
About CEDAX
BlueBay Destra International Event-Driven Credit Fund Class A Shares is a mutual fund specializing in global event-driven credit strategies. Its primary purpose is to capitalize on opportunities arising from corporate events such as mergers, acquisitions, reorganizations, restructurings, bankruptcies, and other special situations. Managed by RBC BlueBay, the fund employs disciplined bottom-up credit analysis to identify mispriced securities with potential for higher risk-adjusted returns. It is structured as an interval fund, providing investors with exposure to a diverse portfolio of over 100 holdings with a focus on capital preservation and attractive total returns, which include both income and capital appreciation. The fund is notable for its ability to navigate a variety of market conditions, demonstrating resilience during periods of heightened market volatility and rising interest rates. It achieves diversification through investments in credits that are often uncorrelated with traditional asset classes such as stocks and bonds, making it a distinctive alternative for portfolio allocation. Over its operational history, the fund has earned recognition for strong risk management and robust long-term performance, positioning itself as a compelling option for investors seeking exposure to international event-driven credit opportunities.
Performance
CEDAX had a total return of -5.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.10%.
Top 10 Holdings
39.92% of assets| Name | Symbol | Weight |
|---|---|---|
| LEONI Bordnetz-Systeme GmbH 12/31/2026 - LEONI Bordnetz-Systeme | n/a | 5.11% |
| Compact Bidco BV TL 11/25/2029 - TL 11/25/2029 | n/a | 4.87% |
| Floatel International Ltd. - FLOAT 9 3/4 04/10/29 | n/a | 4.49% |
| Standard Profil Automotive Gmbh - STPRAU 6 1/4 04/30/26 | n/a | 4.42% |
| BlackRock Liquidity Funds - FedFund | TFDXX | 4.00% |
| Constellation Oil Services Holding S.A. | COSH | 3.92% |
| The Gym Group plc | GYM | 3.82% |
| IRIS HOLDING INC - ?Prosafe SE CA1 TL A | n/a | 3.39% |
| Ventura Offshore Midco Ltd. - VTURAM 10 04/19/27 | n/a | 3.09% |
| DOF Group ASA | DOFG | 2.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2025 | $0.2761 | Jun 30, 2025 |
| Mar 28, 2025 | $0.2899 | Mar 31, 2025 |
| Dec 27, 2024 | $1.5226 | Dec 30, 2024 |
| Sep 27, 2024 | $0.3089 | Sep 27, 2024 |
| Jun 27, 2024 | $0.6824 | Jun 27, 2024 |
| Mar 27, 2024 | $0.2589 | Mar 28, 2024 |