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Hermes Multi Strategy Credit Class F Hedged - Income (GBP)

Sell:100.88p Buy:100.88p Change: No change
Prices as at 22 May 2019
Sell:100.88p
Buy:100.88p
Change: No change
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 22 May 2019
Sell:100.88p
Buy:100.88p
Change: No change
Prices as at 22 May 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.

Charges and Savings

Initial charges
Initial charge: 5.25%
Initial saving from HL: 5.25%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.79%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.79%
There are other unit types of this fund available:
Class F - Accumulation (GBP) (Net ongoing charge 0.80%)

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: 1 May 2014
Sector: GBP Strategic Bond
Fund size: $1,102 million
Number of holdings: 266
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: Capital
Available in a regular savings plan: No
Minimum regular savings value: n/a

Performance

22/05/14 to 22/05/15 22/05/15 to 22/05/16 22/05/16 to 22/05/17 22/05/17 to 22/05/18 22/05/18 to 22/05/19
Annual return 3.27% 0.56% 8.08% 0.06% 2.73%

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 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

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.

Income Details

Distribution yield : 3.96%
Underlying yield : 3.96%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 July 2019 1 January 2020
Payment date: 1 August 20194 1 February 20204

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 31 January 2019.

Security Weight
BHP BILLITON FINANCE LTD 6.5% 3.64%
CHARTER COMMUNICATIONS OPER LLC / 4.908% 2.82%
DIAMOND 1 FIN CORP / DIAMOND 2 FIN CORP 2.44%
ARDAGH PACKAGING FINANCE PLC 4.75% 2.36%
DIAMOND 1 FIN CORP / DIAMOND 2 FIN 4.42% 2.34%
VALE OVERSEAS LTD 6.25% 10 AUG 2026 2.25%
ENBRIDGE INC 5.5% 15 JUL 2077 2.24%
RANGE RES CORP 4.875% 15 MAY 2025 2.17%
HESS CORP 4.3% 01 APR 2027 2.10%
AIR LEASE CORP 3.625% 01 DEC 2027 2.08%
Sector Weight
Bonds 96.34%
Non-Classified 3.48%
Cash and Equiv. 0.54%
Alternative Trading Strategies -0.36%
Country Weight
United States 48.88%
United Kingdom 9.98%
Luxembourg 5.62%
Ireland 5.19%
Non-Classified 3.71%
Australia 3.64%
France 3.22%
Canada 2.84%
Germany 2.77%
Mexico 2.63%

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 22 May 2019. Data provided by Funds Library, correct as at 31 March 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.