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Hermes Multi-Strategy Credit F Inc H

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Hermes
Fund Summary `The investment objective of the Fund is to generate a high level of income by primarily investing in a diversified portfolio of credit securities including investment grade bonds, high yield bonds, credit default swaps and money market securities (including commercial bank loans) while exhibiting lower volatility relative to the global high yield market.
SEDOL code BKRCN87
ISIN IE00BKRCN875
Fund code HMSHI
Managers Fraser Lundie
Manager Tenure 5 years
Morningstar Category Global Flexible Bond - GBP Hedged
IMA Sector £ Strategic Bond
Fund Size £940 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.79%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.0191
Buy Price £1.0191
Price Change +0.4237%
Price Date 20th June 2019
Yield 3.96%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 7th May 2014
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: 0.252%

Annual Returns 2018 2017 2016 2015
Fund Performance +1.33% +1.48% +7.71% -0.15%
Benchmark Performance
(Global Flexible Bond - GBP Hedged)
+2.51% +2.20% +5.48% -0.16%
Time Period Cumulative Benchmark Performance
(Global Flexible Bond - GBP Hedged)
Fund Compared to Benchmark
1 day 0.42% +0.07% +0.36%
1 week 0.80% +0.37% +0.43%
1 month 1.02% +0.88% +0.14%
3 months 2.49% +2.17% +0.32%
6 months 6.45% +4.87% +1.58%
1 year 4.25% +3.53% +0.72%
3 years 10.57% +9.31% +1.26%
5 years 13.22% +13.33% -0.11%
10 years Currently unavailable +94.33% Currently unavailable
YTD 6.75% +4.91% +1.84%
Since inception 15.69% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Telecom Italia S.p.A. 6.38% ITA 3.44%
BHP Billiton Finance Ltd. 6.5% AUS 3.04%
Charter Communications Operating, LLC/Charter Communications Operating Capi USA 2.64%
Solvay Finance 4.2% FRA 2.63%
Virgin Media Sec Finance PLC 6% GBR 2.40%
Vale Overseas Limited 6.25% USA 2.21%
Ardagh Packaging Finance plc / Ardagh Holdings USA Inc. 4.75% IRL 2.14%
Diamond 1 Finance Corporation/Diamond 2 Finance Corporation 6.02% USA 2.02%
Diamond 1 Finance Corporation/Diamond 2 Finance Corporation 4.42% USA 1.97%
MMC FINANCE Designated Activity Company 3.85% IRL 1.86%
Dividend Date Per share amount Reinvestment Price
2nd January 2019 0.0185 £0.9534
2nd July 2018 0.0157 £0.9911
2nd January 2018 0.0145 £1.0305
3rd July 2017 0.0174 £1.0332
3rd January 2017 0.0199 £1.0210
1st July 2016 0.0202 £0.9974