Fact sheet: Hermes Abs Rtn Cr

Fund information
Fund name
Hermes Absolute Return Credit F Hedged Acc GBP
Fund manager company
Hermes Investment Management
Fund type
No data available.
Fund manager
  • Fraser Lundiesince 28/05/2015
Fund objective
The Fund aims to target a positive investment return (absolute return) over a rolling 12 month period irrespective of market conditions, however there is no guarantee that this will be achieved and your capital is at risk. The Fund will use both long and short strategies; long investments aim to benefit from an increase in value of an underlying investment, while short investments aim to benefit from a decrease in value of an underlying investment.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
1.5%
1 Year rank in sector
-
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.07%
Fund size
£66m (£50m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
7
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd16.5%
Polar Capital UK Abs Eq9.8%
Orbis Optimal SA9.8%
Orbis Optimal USD9.6%
Orbis Optimal EUR8.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Europe37.6%
    North America29.8%
    UK27.9%
    Latin America6%
    Eastern Europe3.1%
  • No data available.
  • Global Fixed Interest95.3%
    Alternative Investment Strategies20.6%
    Convertibles1.6%
    Futures-9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.1%1%1.5%--
Sector-0.5%-0.5%0.3%-0.6%2.2%9.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund1.9%----
Sector-0%0.7%1.2%3.6%3.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high1.02
52 week low0.99
Current bid price-
Current offer price-
Current mid price1.02
Region
1Europe37.57%
2North America29.83%
3UK27.89%
4Latin America5.95%
5Eastern Europe3.12%
6Emerging Asia2.65%
7Asia1.13%
8Middle East/ Africa0.32%
Industry sector
No data available.
Asset type
1Global Fixed Interest95.32%
2Alternative Investment Strategies20.64%
3Convertibles1.62%
4Futures-9.13%
Individual holdings
1IMPERIAL BRANDS PLC4.77%
2TELECOM ITALIA SPA(NEW)4.56%
3BAYERISCHE MOTOREN WERKE AG4.5%
4VOLKSWAGEN AG4.04%
5KINDER MORGAN INC DELAWARE4.03%
6FORD MOTOR CREDIT CO LLC3.9%
7PRUDENTIAL PLC3.78%
8GENERAL MOTORS CO3.74%
9JPMORGAN CHASE & CO3.7%
Management
Fund manager group
Hermes
Fund manager company
Hermes Investment Management
Fund type
No data available.
Fund objective
The Fund aims to target a positive investment return (absolute return) over a rolling 12 month period irrespective of market conditions, however there is no guarantee that this will be achieved and your capital is at risk. The Fund will use both long and short strategies; long investments aim to benefit from an increase in value of an underlying investment, while short investments aim to benefit from a decrease in value of an underlying investment.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Fraser Lundie28/05/2015Fraser joined Hermes in February 2010 as senior credit portfolio manager on the Hermes Credit team. Prior to this he was at Fortis Investments, where he was a high yield portfolio manager on the global credit and hybrids team. Fraser graduated from the University of Aberdeen with an MA (Hons) in Economics and earned an MSc in Investment Analysis from the University of Stirling. He is a CFA charterholder and member of the Association for Investment Management and Research (AIMR), having gained the UKSIP Level 3 Certificate in Investment Management (IMC). In 2013, Fraser featured in Financial News’s ‘40 Under 40 Rising Stars of Asset Management’, an editorial selection pick of the brightest up-and-coming men and women in the industry, and in January 2015, Fraser was named as one of the top ten star fund managers of tomorrow by the Daily Telegraph.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Finland, France, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Sweden
Hermes Absolute Return Credit F Acc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85E
Hermes Absolute Return Credit F Acc EUR
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price2.1247
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM84Z
Hermes Absolute Return Credit F Acc GBP
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1.2308
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85A
Hermes Absolute Return Credit F Acc USD
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price2.0332
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85B
Hermes Absolute Return Credit F Hedged Acc CHF
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.9861
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM85J
Hermes Absolute Return Credit F Hedged Acc EUR
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price2.0039
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM85H
Hermes Absolute Return Credit F Hedged Acc GBP
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.0152
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM85L
Hermes Absolute Return Credit F Hedged Inc CHF
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.9489
CurrencyCHF
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM85K
Hermes Absolute Return Credit F Hedged Inc EUR
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.9677
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM85I
Hermes Absolute Return Credit F Hedged Inc GBP
Initial charge5%
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0023
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM85M
Hermes Absolute Return Credit F Inc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85F
Hermes Absolute Return Credit F Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85D
Hermes Absolute Return Credit F Inc GBP
Initial charge5%
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.2181
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85G
Hermes Absolute Return Credit F Inc USD
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1.996
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85C
Hermes Absolute Return Credit R Acc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85Q
Hermes Absolute Return Credit R Acc EUR
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price2.0814
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85N
Hermes Absolute Return Credit R Acc USD
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price2.0117
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85O
Hermes Absolute Return Credit R Hedged Acc CHF
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1.9641
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85V
Hermes Absolute Return Credit R Hedged Acc EUR
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1.984
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85T
Hermes Absolute Return Credit R Hedged Inc CHF
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1.9425
CurrencyCHF
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85W
Hermes Absolute Return Credit R Hedged Inc EUR
Initial charge-
Annual charge1.4%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1.9628
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85U
Hermes Absolute Return Credit R Inc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85R
Hermes Absolute Return Credit R Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85P
Hermes Absolute Return Credit R Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM85S
Hermes Absolute Return Credit T Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0329
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85Y
Hermes Absolute Return Credit Z Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.24%
Bid price-
Offer price-
Mid price2.0579
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM85X
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.