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Federated Hermes Global High Yield Credit Fund Class F2 GBP Acc Hedged

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund ProviderHermes Fund Managers Ireland Ltd
Fund SummaryThe investment objective of the fund is to generate a high level of income by investing primarily in a diversified portfolio of high yield bonds. The investment manager will use an active approach to seek high risk-adjusted returns from bottom-up analysis of below investment grade corporate and/or government issuers.
SEDOL codeBBJPFN0
ISINIE00BBJPFN04
Fund codeHGHHA
ManagersFraser Lundie, Andrey Kuznetsov
Manager Tenure5 years
Morningstar CategoryGlobal High Yield Bond - GBP Hedged
IMA Sector£ High Yield
Fund Size£250 million
Fund TypeOEIC
Management StyleActive
Ongoing Charge Figure (OCF)0.84%
Cavendish ongoing charge0.05%
FundsNetwork Service Fee0.20%
Minimum Initial Investment£25
Minimum Top Up£25
Minimum Monthly Investment£25
Sell Price£1.2813
Buy Price£1.2813
Price Change-0.2646%
Price Date25th September 2020
Yield4.30%
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: 0.266%

Annual Returns201920182017201620152014
Fund Performance-3.81%+8.41%-0.26%+11.17%-0.25%+0.60%
Benchmark Performance
(Global High Yield Bond - GBP Hedged)
-2.72%+5.36%+0.21%+10.20%+0.14%
Time PeriodCumulativeBenchmark Performance
(Global High Yield Bond - GBP Hedged)
Fund Compared to Benchmark
1 day-0.26%-3.25%+2.99%
1 week-1.67%-1.30%-0.36%
1 month-1.47%+2.78%-4.25%
3 months3.03%+15.82%-12.79%
6 months21.24%-1.16%+22.41%
1 year-2.00%+1.22%-3.23%
3 years1.82%+3.88%-2.06%
5 years4.30%+2.96%+1.34%
10 yearsCurrently unavailableCurrently unavailableCurrently unavailable
YTD-5.65%-1.35%-4.30%
Since inception3.80%Currently unavailableCurrently unavailable

Top 10 shares for this fund

Share NameCountryValue
United States Treasury Bills 0%USA1.89%
Enbridge Incorporation 5.5%CAN1.84%
BHP Billiton Finance Ltd. 6.5%AUS1.62%
Tenet Healthcare Corporation 4.88%USA1.50%
Electricite de France SA 6%FRA1.37%
Enterprise Products Operating LP 5.38%USA1.36%
Ally Financial Inc. 4.62%USA1.34%
MPT Operating Partnership LP / MPT Finance Corporation 3.69%USA1.34%
Toll Brothers Finance Corp. 4.35%USA1.33%
NXP BV/NXP Funding LLC 3.88%NLD1.25%

Currently unavailable