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Hermes Global High Yield Credit Fund Class F GBP Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Hermes Fund Managers Ireland Ltd
Fund Summary The 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 code B4W7802
ISIN IE00B4W78028
Fund code HGYFA
Managers Fraser Lundie, Andrey Kuznetsov
Manager Tenure 4 years
Morningstar Category Global High Yield Bond - EUR Hedged
IMA Sector £ High Yield
Fund Size £129 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.78%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.5454
Buy Price £1.5454
Price Change +0.3377%
Price Date 17th October 2019
Yield 4.33%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 3rd April 2018
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® charterholder. Having previously featured in Financial News’s ‘40 Under 40 Rising Stars of Asset Management’, an editorial selection pick 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 and, in 2016, Citywire Americas named Fraser number one in their global high yield manager review.

3-year Mean Monthly Return: 0.427%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance +6.03% -0.18% +9.29% +28.19% -8.03% +1.59% +15.17% +11.21% -2.65%
Benchmark Performance
(Global High Yield Bond - EUR Hedged)
+2.14% -0.34% +7.80% +26.08% -9.53%
Time Period Cumulative Benchmark Performance
(Global High Yield Bond - EUR Hedged)
Fund Compared to Benchmark
1 day 0.34% +4.11% -3.77%
1 week -2.74% -2.72% -0.02%
1 month -1.81% -3.29% +1.48%
3 months -2.91% +1.45% -4.36%
6 months 2.87% +2.06% +0.81%
1 year 6.27% +1.52% +4.75%
3 years 2.75% +4.50% -1.76%
5 years 5.79% +4.89% +0.90%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 7.77% -0.36% +8.13%
Since inception 6.58% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United States Treasury Bills 0% USA 3.78%
Toll Brothers Finance Corp. 4.35% USA 2.02%
Tenet Healthcare Corporation 4.62% USA 1.99%
Hanesbrands Inc. 4.62% USA 1.98%
The Goodyear Tire & Rubber Company 4.88% USA 1.83%
BHP Billiton Finance Ltd. 6.5% AUS 1.80%
T-Mobile USA, Inc. 4.75% USA 1.77%
Intesa Sanpaolo S.p.A. 5.02% ITA 1.60%
Kinder Morgan Energy Partners LP 4.7% USA 1.60%
Enterprise Products Operating LP 5.38% USA 1.58%

Currently unavailable