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Terms & conditions
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Key documents
Objective
The Fund's objective is to achieve returns of cash plus 4-5% on an annual basis, primarily by investing in senior secured loans and corporate debt of companies that are rated below investment grade.
Sustainability-related disclosure
Pre-contractual SFDR disclosure
Fund specific risks
For further terms related to the objective, investment policy and overall risk and reward profile please refer to the key investor information document.
- Investment in Loans Risk: The Sub-Fund’s returns derived from investments in loans, whether directly or indirectly, are potentially subject to withholding tax in certain jurisdictions, either currently or in the future, with a possible resulting adverse impact. There can be no assurance that the contemplated structure for the investments in loans will not be subject to return leakage and/or challenge, either in the current environment or as a result of future tax, regulatory or other changes.
- Structured Credit Securities Risk: The obligations associated with these securities may be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities such as government issued bonds. Structured Credit Securities are often exposed to extension and prepayment risks that may have a substantial impact on the timing and size of the cash flows paid by the Structured Credit Securities and may negatively impact the returns of the Structured Credit Securities. The underlying assets will generally be subject to greater risks than investment-grade rated debt securities.
For share class information, please contact marketing@bluebay.com
Investment approach
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Operating with a flexible approach, the fund seeks to dynamically allocate across regions and products, with the aim to seek the best risk-adjusted returns available
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Should conditions and return opportunities prevail, the fund has the ability to allocate to both investment-grade corporate and structured credit assets (maximum of 25%), in addition to high yield bonds and leveraged loans
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Additionally, there is a 10% cap on emerging market exposure and 20% cap on exposure to CCC rated & below credits
Market opportunity
The Fund has a flexible investment remit, whose nature allows us to express high-conviction views on credit opportunities in global leveraged finance markets
Andrzej Skiba
Head of US Fixed Income, BlueBay Senior Portfolio Manager
Andrzej joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in February 2005 and, following the alignment of BlueBay's US business with RBC GAM-US in November 2021, is responsible for the US fixed income investment team based in Minneapolis (MN) and Stamford (CT). In 2013, Andrzej moved to the US from London to oversee the buildout of global investment grade capability. This followed a period from 2009, where he was a BlueBay portfolio manager responsible for corporate investments within BlueBay's IG strategies. Andrzej spent his first four years at BlueBay as a credit analyst covering the TMT, utilities and retail sectors for the Investment Grade team. Prior to BlueBay, Andrzej worked for Goldman Sachs as a credit analyst covering European investment grade telecom, media and utility sectors. Andrzej holds a BSc (Hons) in Management and International Business Economics from UMIST and is a CFA charterholder.
Sid Chhabra
Managing Director, Head of European High Yield, Securitized Credit and CLO Management, BlueBay Senior Portfolio Manager
Sid is Head of European High Yield, Securitized Credit and CLO Management, and a BlueBay Senior Portfolio Manager within the team. Sid joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in June 2018 and has over 19 years of credit, securitized credit and CLO experience, having been involved in the securitized credit markets from the earliest stages of issuance. He was most recently a London-based Managing Director, responsible for securitized credit and CLOs, at Anchorage Capital Europe, a USD15 billion alternative investment manager. Prior to Anchorage, Sid was part of the Securitized Credit/CDO Group, EMEA, at JPMorgan where he was involved in originating, structuring and investing in securitized credit products. Sid holds a BTech from the Indian Institute of Technology, Madras (IITM) and an MS from the London School of Economics.
Tim Leary
BlueBay Senior Portfolio Manager, Leveraged Finance
Tim joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in January 2012 and is a BlueBay Senior Portfolio Manager across several global leveraged finance and ESG strategies based in the Stamford, Connecticut, office. Tim joined BlueBay as Head of Trading, North America within the Global Leveraged Finance Group, before being promoted to portfolio manager in January 2017. Prior to BlueBay he was a director in high yield and distressed credit trading at the Royal Bank of Scotland. Before joining RBS, Tim spent three years as an analyst on the leveraged loan trading desk at Bear, Stearns & Co. Tim holds a BS in Business Administration with Finance concentration from Fordham University.
Tim van der Weyden
Portfolio Manager, Leveraged Finance
Tim joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in February 2007 as a Trader within the Global Leveraged Finance Group. Prior to BlueBay, Tim worked at Deutsche Bank in trade support on the propriety trading desk. Tim holds a BA of Commerce from the University of Sydney and is a CFA charterholder.