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Key documents
Objective
The BlueBay Investment Grade Structured Credit Fund (the Fund) invests in developed market structured credit securities. The fund adopts an opportunistic approach to investing across the structured credit market and can invest across all collateral types, including senior secured leveraged loans, mortgages, credit cards and auto loans.
The Fund is actively managed, and its objective is to achieve returns above the benchmark, the ICE BofA Merrill Lynch Euro Currency 3-Month Deposit Offered Rate Constant Maturity Index, by investing in predominantly investment grade asset-backed securities.
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.
Investment approach
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Focus on investment grade rated ABS with a typical average rating of AA/A
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Diversified exposure across the ABS market through both asset classes and regions
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Fundamental bottom-up analysis alongside assessment of market technicals and macro inputs
Market opportunity
Investment grade ABS offer significant protection from a pick up in defaults
Bonds typically trade at a yield pick up versus similarly rated more traditional fixed income
ABS are typically floating rate and have a shorter spread duration versus other assets
Sid Chhabra
Partner, Head of Securitized Credit & CLO Mgmt, Securitized Credit
Sid is Partner, Head of Securitized Credit & CLO Management and a Senior Portfolio Manager within the team. Sid joined RBC BlueBay 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.
Ashley Blatter
Portfolio Manager, Securitized Credit & CLO Mgmt
Ashley joined RBC BlueBay’s Structured Credit and CLO businessin September 2018. Prior to joining RBC BlueBay, Ashley was Head of Specialist Credit Investments and Structured Credit at QBE Insurance Group. He previously spent 14 years at NM Rothschild & Sons where he was latterly responsible for managing the European Leveraged Loan/CLO portfolio. Ashley began his career in Acquisition Finance at JPMorgan and holds a BSc in Mathematics from Imperial College, London.
Tom Mowl
Portfolio Manager, Securitized Credit & CLO Mgmt
Tom joined RBC BlueBay’s Securitized Credit and CLO Management business in April 2021. Tom has over 14 years of structured credit investing experience and before joining RBC BlueBay was most recently a Senior Portfolio Manager at CIP Asset Management, managing US and European asset backed securities. Prior to this, he held a similar position at WyeTree Asset Management, a specialist ABS investment boutique, where he was the Portfolio Manager. He started his career at Solent Capital Partners as an ABS Analyst. Tom is a Chartered Financial Analyst, holds an MSc Financial Mathematics with Distinction from Warwick Business School and has a BSc (Hons) Mathematics and Physics from the University of Warwick.