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Hermes Absolute Return Credit Fund Class M GBP Accumulating Hedged (Restricted Fund)

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Hermes Fund Managers Ireland Ltd
Fund Summary The Fund aims to target a positive investment return (absolute return) over a rolling 12 month period irrespective of market conditions, however there is no guarantee that this will be achieved and your capital is at risk. The Fund will use both long and short strategies; long investments aim to benefit from an increase in value of an underlying investment, while short investments aim to benefit from a decrease in value of an underlying investment.
SEDOL code BK267M6
ISIN IE00BK267M67
Fund code HEAMA
Managers Fraser Lundie, Andrey Kuznetsov
Manager Tenure 5 years
Morningstar Category Alt - Long/Short Credit
IMA Sector Targeted Absolute Return
Fund Size £60 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.49%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.9680
Buy Price £0.9680
Price Change +0.2486%
Price Date 21st May 2020
Yield Currently unavailable
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 30th March 2020
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: Currently unavailable

Annual Returns Currently Unavailable
Benchmark Performance
(Alt - Long/Short Credit)
Currently Unavailable
Time Period Cumulative Benchmark Performance
(Alt - Long/Short Credit)
Fund Compared to Benchmark
1 day 0.25% Currently unavailable Currently unavailable
1 week 0.52% Currently unavailable Currently unavailable
1 month 1.35% Currently unavailable Currently unavailable
3 months -4.74% Currently unavailable Currently unavailable
6 months -3.04% Currently unavailable Currently unavailable
1 year Currently unavailable Currently unavailable Currently unavailable
3 years Currently unavailable Currently unavailable Currently unavailable
5 years Currently unavailable Currently unavailable Currently unavailable
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -4.09% Currently unavailable Currently unavailable
Since inception -3.20% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
BHP Billiton Finance Ltd. 6.5% AUS 2.25%
DnB Bank ASA 1.38% NOR 1.93%
Lennar Corporation 4.12% USA 1.73%
MPT Operating Partnership LP / MPT Finance Corporation 2.55% USA 1.66%
Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III USA 1.61%
Reynolds Group Term Lo USA 1.49%
Glencore Finance Canada Limited 7.38% CHE 1.33%
FCE Bank plc 3.25% GBR 1.23%
NXP BV/NXP Funding LLC 3.88% NLD 1.14%
Aircastle Limited 5% USA 1.13%

Currently unavailable