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Federated Hermes Absolute Return Credit Class F Hedged - Income (GBP)

Sell:101.56p Buy:101.56p Change: 0.02p (0.02%)
Prices as at 19 October 2021
Sell:101.56p
Buy:101.56p
Change: 0.02p (0.02%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 19 October 2021
Sell:101.56p
Buy:101.56p
Change: 0.02p (0.02%)
Prices as at 19 October 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as accumulation units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.55%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.55%
There are other unit types of this fund available:
Class F Hedged - Accumulation (GBP) (Net ongoing charge 0.55%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Fraser Lundie, CFA
Fund launch date: 29 May 2015
Sector: Targeted Absolute Return
Fund size: £555 million
Number of holdings: 581
Fund type: ICVC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 17:00
Trustee: Northern Trust Fiduciary Services (Ireland) Limited
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

20/10/16 to 20/10/17 20/10/17 to 20/10/18 20/10/18 to 20/10/19 20/10/19 to 20/10/20 20/10/20 to 20/10/21
Annual return 2.09% -0.65% 5.07% 1.06% 2.20%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The investment objective of the Fund is to target a positive investment return (absolute return) over a rolling 12 month period irrespective of market conditions, but there is no guarantee that this will be achieved and your capital is in fact at risk.

Income Details

Distribution yield : 2.94%
Underlying yield : 2.94%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 January 2022 1 July 2022
Payment date: 1 February 20224 1 August 20224

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at: date unavailable.

Security Weight
UNITED STATES TREAS NTS DTD 08/31/2017 14.71%
UNITED STS TREAS NTS DTD 09/30/2020 14.49%
UNITED STATES TREAS BILLS DTD 05/27/2021 6.39%
FUT DEC 21 10 YR T-NOTES 4.81%
TELECOM ITALIA SPA RT 1.125% 1.42%
BHP BILLITON FINANCE LTD 6.5% 1.11%
BALL CORP .875% 15 MAR 2024 1.03%
SEALED AIR CORP 4.5% SNR NTS 15/09/2023 0.99%
NXP B V / NXP FDG LLC SR NT 144A 3.875% 0.91%
FUT SEP 21 EURX EUR-BUND 0.90%
Sector Weight
Bonds 95.91%
Non-Classified 2.75%
Cash and Equiv. 1.27%
Managed Funds 0.07%
Country Weight
United States 60.98%
Netherlands 4.86%
France 4.11%
United Kingdom 4.09%
Non-Classified 3.61%
Italy 3.07%
Luxembourg 2.76%
Australia 1.65%
Spain 1.61%
Ireland 1.32%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 19 October 2021. Data provided by Funds Library, correct as at 31 August 2021.

FundsLibrary
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.