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Hermes Global High Yield Credit Fund Class F GBP Acc Hedged

  • 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.
Fund code HGHHA
Managers Fraser Lundie, Andrey Kuznetsov
Manager Tenure 4 years
Morningstar Category Global High Yield Bond - GBP Hedged
IMA Sector £ High Yield
Fund Size £121 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.84%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.3232
Buy Price £1.3232
Price Change +0.0454%
Price Date 21st November 2019
Yield 4.30%
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: 0.446%

Annual Returns 2018 2017 2016 2015 2014
Fund Performance +7.91% -0.31% +8.05% +9.90% -2.47%
Benchmark Performance
(Global High Yield Bond - GBP Hedged)
+4.57% +0.41% +7.23% +9.08% -2.87%
Time Period Cumulative Benchmark Performance
(Global High Yield Bond - GBP Hedged)
Fund Compared to Benchmark
1 day -0.16% +9.28% -9.44%
1 week -0.20% +0.06% -0.26%
1 month 0.60% +1.17% -0.56%
3 months 2.46% +2.60% -0.14%
6 months 4.69% +7.52% -2.82%
1 year 11.82% +4.42% +7.40%
3 years 5.75% +3.86% +1.89%
5 years 4.72% +3.57% +1.15%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 13.26% -0.12% +13.38%
Since inception 4.95% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United States Treasury Bills 0% USA 12.93%
Anglo American Capital PLC 3.38% GBR 2.08%
Toll Brothers Finance Corp. 4.35% USA 2.05%
Aercap Ireland Capital DAC 3.65% NLD 1.92%
Enbridge Incorporation 5.5% CAN 1.73%
Kinder Morgan Energy Partners LP 4.7% USA 1.64%
Hanesbrands Inc. 4.62% USA 1.59%
Alcoa Nederland Holding B.V. 6.12% NLD 1.59%
Tenet Healthcare Corporation 4.62% USA 1.57%
Barclays Bank PLC 6.278 % Non-Cum Callable Dollar Pref Shs GBR 1.53%

Currently unavailable