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Hermes Global High Yield Credit F GBP Hgd Acc

Ranked 9 out of 62 in - Global High Yield over 12 months
All calculations are in GBP unless stated

Managed by

Fraser Lundie

Co-head and lead credit portfolio manager Fraser Lundie 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.

Objective

The investment objective of the Fund is to generate a high level of income. The sub-fund will seek to achieve its objective by investing primarily in a diversified portfolio of high yield bonds. The sub-fund may also use credit default swaps extensively.

Showing fund performance in United Kingdom View performance globally

Performance

Global High Yield over : 31/12/2016 - 31/12/2017
  • Rank 9/62 Total Return
  • Rank 8/62 Standard Deviation
  • Rank 1/62 Max Drawdown
Fund Name Currency Return
7 T Rowe Global High Income Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

8.1%

8 Wellington Global High Yield Bond GBP T Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

7.9%

9 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

7.7%

10 Janus Henderson Global High Yield - Uacc

Currency exposure is hedged

Currency exposure is hedged

GBP

7.6%

11 Legg Mason WA Global High Yield Pr Dis D Hdg GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

7.6%

Fund Name Currency Risk
6 M&G Feeder of Gl Floating Rate Hg Yld GBP I-H Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.4

7 M&G Global Floating Rate High Yield GBP A-H Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.5

8 UBAM Global High Yield Solution IHD GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

1.7

8 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.7

10 Candriam Bonds Global High Yield R GBP H Q Dis

Currency exposure is hedged

Currency exposure is hedged

GBP

1.7

10 Muzinich Global High Yield Hedged GBP Acc A

Currency exposure is hedged

Currency exposure is hedged

GBP

1.7

Fund Name Currency Loss
1 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

0%

1 MI Twentyfour Asset Backed Income A Gross Inc GBP

0%

3 Legg Mason WA Global High Yield Pr Dis D Hdg GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.1%

4 Janus Henderson Global High Yield - Uacc

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.1%

5 Wellington Multi-Sector Credit GBP S Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.1%

Total Return

Quarterly Performance

to 31/12/2017 Annual Q1 Q2 Q3 Q4
2017 7.7% 2.4% 2.1% 2.0% 1.0%
2016 11.7% 2.2% 2.8% 5.0% 1.3%
2015 -2.3% 2.6% 0.3% -4.7% -0.4%
2014 5.1% 3.8% 3.6% -1.7% -0.6%
2013 8.9% 2.6% -0.2% 3.0% 3.3%
2012 17.6% 7.1% 0.4% 5.0% 4.2%
2011 0.0% 3.6% 1.1% -10.3% 6.5%
2010 7.6% 4.3%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France
  2. Ireland
  3. Luxembourg
  4. Singapore
  5. Switzerland
  6. United Kingdom

Fund Info

  • Launch date04/02/2014
  • Share Class size19Mn
  • Base currencyGBP
  • ISIN IE00BBJPFN04
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment0

Charges

  • Annual management0.65%

Related News

Hermes launches multi strategy credit fund for A-rated Lundie

The firm said the fund would target an annualised return of 7% by combining high conviction long-only investments with a range of defensive market neutral trades.

‘Vested interests’ are deluding high-yield investors, Hermes warns

Citywire A-rated Fraser Lundie, co-head of credit at Hermes Fund Managers, has argued that traditional approaches to high-yield bonds are outmoded and risk inflicting losses.

High yield liquidity crunch: welcome to stage two

The recent downward rerating in corporate bonds has restored value to the market, but the sector remains at risk of a fund liquidity crunch.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).