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Hermes Absolute Return Credit Fund Class F GBP Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Hermes
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
Manager Tenure 4 years
Morningstar Category Currently unavailable
IMA Sector Targeted Absolute Return
Fund Size £81 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 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 £1.2426
Buy Price £1.2426
Price Change +0.3554%
Price Date 13th June 2019
Yield 2.97%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 24th September 2015
Fund Status OPEN
Fraser Lundie, CFA Co-Head and Lead Credit Portfolio Manager Fraser joined Hermes in February 2010 and is 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, earned an MSc in Investment Analysis from the University of Stirling, and is a CFA

3-year Mean Monthly Return: 0.675%

Annual Returns 2018 2017 2016
Fund Performance +10.88% -9.31% +19.08%
Benchmark Performance
Time Period Cumulative Benchmark Performance
Fund Compared to Benchmark
1 day 0.36% +0.11% Currently unavailable
1 week 0.63% +0.20% Currently unavailable
1 month 3.05% +1.39% Currently unavailable
3 months 6.28% -0.83% Currently unavailable
6 months 3.70% -0.34% Currently unavailable
1 year 10.25% -1.88% Currently unavailable
3 years 23.33% -0.44% Currently unavailable
5 years Currently unavailable +0.70% Currently unavailable
10 years Currently unavailable +26.94% Currently unavailable
YTD 4.87% -0.41% Currently unavailable
Since inception 32.91% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
FCE Bank plc 2.76% GBR 3.54%
BHP Billiton Finance Ltd. 6.5% AUS 2.39%
Cooperatieve Rabobank U.A. 11% NLD 2.12%
HCA Inc. 6.5% USA 2.01%
General Motors Financial Company Inc 3.2% USA 1.57%
Telecom Italia S.p.A. 6.38% ITA 1.55%
Fresenius Medical Care US Finance II Inc. 5.62% USA 1.49%
Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III USA 1.35%
America Movil S.A.B. de C.V. 2.12% MEX 1.26%
D.R. Horton, Inc. 3.75% USA 1.25%
Dividend Date Per share amount Reinvestment Price
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
3rd January 2017 0.0117 £1.2508
1st July 2016 0.0115 £1.1471