BlueBay Destra International Event Driven Credit Fund Celebrates 7 Years of Strong Performance
Destra Capital Advisors LLC ('Destra') is pleased to announce the seventh anniversary of the BlueBay Destra International Event Driven Credit Fund (the 'Fund or 'CEDIX'), marking a significant milestone with sustained strong performance across its lifetime. Launched on May 9, 2018, the Fund was designed to strategically capitalize on event-driven opportunities in the international credit markets, providing investors with access to a unique interval fund strategy managed by the expertise of BlueBay's Developed Markets Special Situations Credit team at RBC GAM (UK) Limited ('RBC BlueBay') in London.
Over the past seven years, the BlueBay Destra International Event Driven Credit Fund has demonstrated resilience and a robust capability to navigate various market conditions, consistently delivering strong returns to its investors.
The table below outlines the standardized performance of the Fund over various time frames:
'The Fund has reached this seven-year landmark with a track record of success that speaks to the strength and commitment of RBC BlueBay's investment approach,' said Dominic Martellaro, CEO of Destra Capital Advisors LLC.
The Fund's strategy focuses on opportunistic and other special situation corporate events including, but not limited to, mergers, acquisitions, spin-offs, restructurings, corporate reorganizations, and bankruptcies through disciplined bottom-up credit analysis to identify mispriced securities that offer potential for high returns. This approach has enabled the Fund to achieve attractive risk-adjusted returns while maintaining a strong focus on capital preservation.
Looking forward, RBC BlueBay and Destra continue to see significant opportunities in the event-driven credit space due to higher interest rates, continued market volatility, political uncertainty, and heightened geopolitical conflicts.
About Destra Capital Advisors
Destra Capital Advisors LLC, based in Bozeman, MT, serves as Investment Adviser to the Fund. Founded in 2008, Destra Capital was purpose-built to help independent thought leaders achieve better wealth outcomes by sourcing the next generation of investment solutions.
To achieve these goals, Destra selects experienced partners with unique investment strategies or services. Mutual funds, interval funds, closed-end funds, separate accounts, and investment services - all are tools that the team uses to help investors intentionally grow their wealth outcomes over time.
More than 15 years later, the firm has helped thousands of investors break away from the pack and blaze their own investing trail. We continue to encourage our clients to challenge the conventional and explore new ways of delivering financial results.
About RBC BlueBay
RBC Global Asset Management (UK) Limited ('RBC BlueBay') acts as the Fund's investment sub-adviser and makes investment decisions for the Fund's portfolio, subject to the oversight of Destra. On or about April 1, 2023, the operations of BlueBay Asset Management LLP ('BlueBay'), the Fund's previous sub-adviser, were consolidated into RBC BlueBay and BlueBay's sub-advisory agreement with the Fund was transferred to RBC BlueBay.
RBC BlueBay is a wholly-owned subsidiary of Royal Bank of Canada. RBC BlueBay is a specialist fixed income and equity manager that was originally founded in 1998, ultimately becoming RBC Global Asset Management (UK) Limited in 2014. RBC BlueBay offers clients a diverse range of investment strategies with different return/risk profiles, in order to cater to a variety of investor-specific return/risk appetites.
Information regarding the Fund and Destra can be found at www.destracapital.com.
Disclaimer:
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 2.55%/2.25%, A Shares 2.80%/2.50%, L Shares 3.05%/2.75%, and T Shares 3.30%/3.00%. Performance information is reported net of the Fund's fees and expenses.
Destra and the Fund have entered into the Expense Limitation Agreement under which Destra has agreed to reimburse and/or pay or absorb, on a quarterly basis, the 'ordinary operating expenses' (as defined below) of the Fund to the extent that such expenses exceed 0.50% per annum of the Fund's average daily net assets (the 'Expense Limitation'). The Expense Limitation may be adjusted for different classes of Shares to account for class-specific expenses. In consideration of Destra's agreement to limit the Fund's expenses, the Fund has agreed to repay Destra pro rata in the amount of any Fund expense paid or waived by it, subject to the limitations that: (1) the reimbursement for expenses will be made only if payable not more than three years following the time such payment or waiver was made; and (2) the reimbursement may not be made if it would cause the Fund's then-current Expense Limitation, if any, and the Expense Limitation that was in effect at the time when Destra reimbursed, paid or absorbed the ordinary operating expenses that are the subject of the repayment, to be exceeded. Unless earlier terminated by the Board, the Expense Limitation Agreement will remain in effect until January 31, 2035 and will automatically continue in effect for successive twelve-month periods thereafter. Destra may not terminate the Expense Limitation Agreement during the initial term. After the initial term, either the Board or Destra may terminate the Expense Limitation Agreement upon 30 days' written notice. Class A, L and T shares have a shareholder servicing fee of up to 0.25% and distribution fee of 0.25% for Class L and 0.50% for Class T Shares.
*The Since Inception returns are based on the inception date of the Fund I Share on 5/09/2018.
Investors cannot invest directly in an index and index returns do not reflect any fees, expenses or sales charges directly in an index.
The Fund's Class I shares are sold at net asset value and have investment minimum requirements. Destra Capital Investments LLC, the Fund's distributor, offers multiple share classes, not all necessarily available through all firms, and the share class performance may vary. Contact your financial advisor for more details.
Important Risk Information
Pursuant to Rule 23c-3 of the 1940 Act, the Fund must make a quarterly repurchase offer of at least 5% of the Fund's outstanding shares. The Fund's Board of Directors will set the actual level of the quarterly repurchase offers. It is possible that a repurchase offer may be oversubscribed, in which case shareholders may only have a portion of their shares repurchased.
Please read the prospectus for more complete information, including risks and objectives before investing. Investing in the Shares involves certain risks, including loss of principal, that are described in the 'Risks' section of the prospectus, including the following:
The Fund's Shares will not be immediately listed on an exchange in the foreseeable future, if at all. It is not anticipated that a secondary market for the Shares will develop unless the Shares are listed on an exchange. Thus, an investment in the Fund is not suitable for investors who might need access to the money they invest for several years or longer.
The Fund may decline to accept any subscription requests for any reason regardless of the order in which such subscription request was submitted to the Fund in a particular subscription period.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250512436076/en/
CONTACT: Media Contact:
Robert A. Watson, CFP®
877-855-3434
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA MONTANA
INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Destra Capital Advisors LLC
Copyright Business Wire 2025.
PUB: 05/12/2025 10:46 AM/DISC: 05/12/2025 10:46 AM
http://www.businesswire.com/news/home/20250512436076/en
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