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Federated Hermes Absolute Return Credit Fund Class F2 GBP Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund ProviderHermes Fund Managers Ireland Ltd
Fund SummaryThe Fund will seek to achieve its objective primarily by investing in a diversified portfolio of debt securities and may take both long positions and / or (through the use of FDIs) generate Synthetic Short Exposure. The debt securities in which the Fund may invest includes bonds (which may be issued by corporations and / or public institutions and which may be fixed and/or floating rate bonds, rated and/or unrated bonds, investment grade bonds and/or Below Investment Grade Bonds, Convertible Debt Securities, Amortising Bonds and / or Defaulted Bonds) and money market instruments (including commercial bank loans which constitute money market instruments, bills of exchange, call accounts, notice accounts, certificates of deposit, commercial paper, asset-backed commercial paper, floating rate notes, short-term mortgage and asset-backed securities).
Fund codeHERCA
ManagersFraser Lundie, Andrey Kuznetsov
Manager Tenure5 years
Morningstar CategoryAlt - Long/Short Credit
IMA SectorTargeted Absolute Return
Fund Size£232 million
Fund TypeOEIC
Management StyleActive
Ongoing Charge Figure (OCF)0.75%
Cavendish ongoing charge0.05%
FundsNetwork Service Fee0.20%
Minimum Initial Investment£25
Minimum Top Up£25
Minimum Monthly Investment£25
Sell Price£1.3815
Buy Price£1.3815
Price Change+0.0942%
Price Date29th September 2020
Dividend FrequencySemi-Annually
ISA EligibleYes
SIPP EligibleYes
Inception Date3rd April 2018
Fund StatusOPEN
Fraser joined Hermes in February 2010 and is Head of Credit and lead manager on the Hermes range of credit strategies. Prior to this he was at Fortis Investments, where he was responsible for European high yield credit. Fraser graduated from the University of Aberdeen with an MA (Hons) in Economics; he earned an MSc in Investment Analysis from the University of Stirling and is a CFA charterholder. In 2017, Fraser joined the board of CFA UK, a member society of the CFA Institute. Having previously featured in the Financial News’ ‘40 Under 40 Rising Stars of Asset Management’, an editorial selection of the brightest up-and-coming men and women in the industry, in 2015 Fraser was named as one of the top 10 star fund managers of tomorrow by the Daily Telegraph. In 2016, Citywire Americas named Fraser number one in their global high yield manager review, and InvestmentEurope and Investment Week both named the Hermes Multi Strategy Credit Fund top global bond fund at their respective 2017 Fund Manager of the Year Awards.

3-year Mean Monthly Return: 0.199%

Annual Returns2018201720162015
Fund Performance+12.06%+4.11%-0.03%+19.26%
Benchmark Performance
(Alt - Long/Short Credit)
Time PeriodCumulativeBenchmark Performance
(Alt - Long/Short Credit)
Fund Compared to Benchmark
1 day0.09%Currently unavailableCurrently unavailable
1 week-0.90%Currently unavailableCurrently unavailable
1 month3.99%Currently unavailableCurrently unavailable
3 months-2.26%Currently unavailableCurrently unavailable
6 months6.47%Currently unavailableCurrently unavailable
1 year-0.89%Currently unavailableCurrently unavailable
3 years4.98%Currently unavailableCurrently unavailable
5 years6.63%Currently unavailableCurrently unavailable
10 yearsCurrently unavailableCurrently unavailableCurrently unavailable
YTD3.97%Currently unavailableCurrently unavailable
Since inception6.24%Currently unavailableCurrently unavailable

Top 10 shares for this fund

Share NameCountryValue
United States Treasury Bills 0%USA6.86%
NXP BV/NXP Funding LLC 3.88%NLD1.87%
Dell International L.L.C. and EMC Corporation 6.02%USA1.78%
BHP Billiton Finance Ltd. 6.5%AUS1.52%
Fresenius US Finance II, Inc. 4.5%DEU1.51%
Lennar Corporation 4.12%USA1.48%
Virgin Media Sec Finance PLC 6%GBR1.36%
HCA Inc. 4.75%USA1.19%
Reynolds Group Term LoUSA1.16%
MMC FINANCE Designated Activity Company 4.1%RUS1.04%

Currently unavailable