Credit Income vs. Credit Outcome
At Destra we believe there may be a tool that can help to diversify a portfolio more efficiently without loading into more equity at high valuations, or by chasing higher yields out in duration, or down in credit quality.
Investors may be able to accomplish this by investing in a very unique way. A way that has a goal and an objective of total return, perhaps even equity like returns, and that may, though not a primary focus, capture a little income along the way.
Introducing the BlueBay Destra International Event-Driven Credit Fund
Over 3 years old now, the Fund has successfully harvested equity like returns from fixed income markets around the globe, delivering industry leading returns and results that have made portfolios better.
Source: Morningstar Data as of 9/30/2021. All information is historical and for illustrative purposes only. Past performance does not guarantee future results. The Fund’s I Shares Gross/Net Expense ratios, without the Fund’s use of leverage, are 3.00%/2.26%. 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 February 13, 2031 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.