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Key documents
Objective
The BlueBay High Yield ESG Bond Fund is designed to invest in European high yield bonds, combined with environmental, social and governance (ESG) criteria.1
Sustainability-related disclosure
The BlueBay High Yield ESG Bond Fund (the Fund) is actively managed and it targets better returns than its benchmark, the ICE BofA Merrill Lynch European Currency High Yield Constrained Index, fully hedged against EUR, by investing in a portfolio of fixed income securities. The Fund's objective is to provide a balanced exposure to the broader European high yield asset class with a focus on capital preservation. There are no restrictions on the extent to which the Fund's portfolio and performance may deviate from the ones of the benchmark.
Fund specific risks
- At times, the market for high yield bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in high yield bonds offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a greater risk that the organisation which issued the bond will fail, which would result in a loss of income to the fund along with its initial investment
- RBC BlueBay's ESG analysis can rely on input from external providers. Such data may be inaccurate or incomplete or unavailable and RBC BlueBay could assess the ESG risks of securities held incorrectly
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
1. Certain investment strategies, asset classes, exposure and security types do not integrate ESG factors, including but not limited to money market, buy-and maintain, passive, and certain third-party sub-advised strategies or certain currency or derivative instruments. Different strategies that integrate ESG factors will be at varying stages of implementation. Please read a fund's prospectus or offering memorandum for further details.
Investment approach
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An actively managed strategy with a deep, fundamental research orientated approach which focuses on bottom-up security selection
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Active allocation within individual capital structures based on the asymmetric risks within each name
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Dynamic regional allocations driven by relative value cross border
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Top down macro inputs help inform thematic credit strategies and overall beta with the portfolio
Market opportunity
The BlueBay High Yield Bond Fund is a strategy designed to invest predominantly in European sub-investment grade corporate debt
Credit selection is driven by rigorous proprietary bottom up fundamental analysis with an emphasis on downside stress testing
Single name credit analysis is supplemented by economic, policy and political inputs which combine to help determine the sectoral and geographic composition of the portfolio as well as the overall beta of the strategy
The fund invests in both primary and secondary opportunities across secured and unsecured assets and has a specific focus on capital preservation
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.