Why We Upgraded This Global Bond Fund

BlueBay Global Investment Grade Corporate Bond Fund upgraded from a Morningstar Medalist Rating of Bronze to Silver.

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Key Morningstar Metrics for BlueBay Global Investment Grade Corporate Bond C USD

  • Morningstar Medalist Rating: Silver
  • Process Pillar: High
  • People Pillar: High
  • Parent Pillar: Above Average

BlueBay Global Investment Grade Corporate Bond benefits from the successful execution of its consistent investment approach. Key strengths include the continuity of experienced portfolio managers in successfully working together with the skillful credit analyst team—resulting in top-decile results in six out of the past nine calendar years—and the depth of support sources, including top-down macro specialists and other portfolio managers within the overall team.

We also appreciate the culture within the team that allows members to move through the ranks and recognizes their contribution to the process, with the comanager addition of Neil Sun being the most recent evidence of that. We therefore upgrade the People Pillar rating to High from Above Average, while the Process Pillar retains its High rating.

Editor's Note: This analysis was originally published as a fund note by Morningstar Manager Research.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.