Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Hermes Global High Yield Credit F GBP Hgd Acc

Ranked 22 out of 53 in - Global High Yield over 12 months
All calculations are in GBP unless stated

Managed by

Fraser Lundie

Fraser Lundie is the co-Head of Credit at Hermes Investment Management where he has worked since 2009. Prior to joining Hermes, Lundie worked at Fortis Investments for five years, where he was a portfolio manager. Born in Glasgow but now based in London, Lundie runs the Hermes Global High Yield Bond Fund and he has not changed his investment strategy since he first started running the fund. Lundie is a Chartered Financial Analyst, as well as being a member of the AIMR.

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 : 31/10/2015 - 31/10/2016
  • Rank 22/53 Total Return
  • Rank 26/53 Standard Deviation
  • Rank 29/53 Max Drawdown
Fund Name Currency Return
20 Wellington Multi-Sector Credit GBP S Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

8.1%

21 Royal London Global High Yield Bond Z Inc GBP

7.8%

22 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

7.8%

23 Marlborough High Yield Fixed Interest GBP

7.4%

24 PIMCO GIS Global High Yield Bond Inst GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

7.2%

Fund Name Currency Risk
24 Schroder Monthly High Income A Acc GBP

6.4

25 Fidelity Global High Yield A Net Inc GBP

6.5

26 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

6.6

27 Barclays GA - Global High Yield Bond M Inc GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

6.7

28 BGF Global High Yield Bond D2RF GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

GBP

6.9

28 Oaktree (Lux.) Fds Oaktree Global HY Bd FdH GBP EB

Currency exposure is hedged

Currency exposure is hedged

GBP

6.9

Fund Name Currency Loss
27 Old Mutual Monthly Inc High Yield Bd X GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-4.2%

28 Fidelity Global High Yield A Net Inc GBP

-4.3%

29 Hermes Global High Yield Credit F GBP Hgd Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-4.8%

30 Barclays GA - Global High Yield Bond M Inc GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-4.9%

31 Baring High Yield Bond A GBP Hdg Inc Quaterly Div

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.0%

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 2.2% 2.8% 5.0%
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. Switzerland
  4. United Kingdom

Fund Info

  • Launch date04/02/2014
  • Share Class size21Mn
  • Base currencyGBP
  • ISIN IE00BBJPFN04
  • Currency exposure is hedged

Purchase Info

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

Charges

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).