• Search Funds
  • Model Portfolios
  • Provider
  • Sector
  • Manager

Search by provider name

Search by sector name

Search by manager name

Search by Risk Level

Federated Hermes Absolute Return Credit Fund Class F2 GBP Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Hermes Fund Managers Ireland Ltd
Fund Summary The 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 code HERCI
Managers Fraser Lundie, Andrey Kuznetsov
Manager Tenure 5 years
Morningstar Category Alt - Long/Short Credit
IMA Sector Targeted Absolute Return
Fund Size £129 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.76%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.2678
Buy Price £1.2678
Price Change -0.2831%
Price Date 6th July 2020
Yield 2.97%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 3rd April 2018
Fund Status OPEN
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: 0.399%

Annual Returns 2019 2018 2017 2016
Fund Performance +5.47% +9.34% -0.87% +6.63%
Benchmark Performance
(Alt - Long/Short Credit)
Time Period Cumulative Benchmark Performance
(Alt - Long/Short Credit)
Fund Compared to Benchmark
1 day -0.28% Currently unavailable Currently unavailable
1 week -1.67% Currently unavailable Currently unavailable
1 month 1.97% Currently unavailable Currently unavailable
3 months 5.40% Currently unavailable Currently unavailable
6 months 3.81% Currently unavailable Currently unavailable
1 year 2.67% Currently unavailable Currently unavailable
3 years 4.14% Currently unavailable Currently unavailable
5 years Currently unavailable Currently unavailable Currently unavailable
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 4.59% Currently unavailable Currently unavailable
Since inception 7.17% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Kinder Morgan Energy Partners LP 5% USA 2.02%
Reynolds Group Term Lo USA 2.02%
NXP BV/NXP Funding LLC 3.88% NLD 1.97%
Lennar Corporation 4.12% USA 1.86%
BHP Billiton Finance Ltd. 6.5% AUS 1.79%
Aircastle Limited 5% USA 1.47%
Anglo American Capital PLC 4.12% GBR 1.31%
Hanesbrands Term Ln USA 1.28%
Friary No.6 plc 1.43% GBR 1.27%
Dell International L.L.C. and EMC Corporation 6.02% USA 1.23%
Dividend Date Per share amount Reinvestment Price
2nd January 2020 0.0164 £1.2180
1st July 2019 0.0167 £1.2363
2nd January 2019 0.0173 £1.1970
2nd July 2018 0.0132 £1.1621
2nd January 2018 0.0097 £1.1397
3rd July 2017 0.0130 £1.1942