Fact sheet: Hermes Ml Strategy Cr

Fund information
Fund name
Hermes Multi Strategy Credit F Hedged Acc GBP
Fund manager company
Hermes Investment Management
Fund type
No data available.
Fund manager
  • Fraser Lundiesince 30/04/2014
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.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
6.8%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
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.
0.79%
Fund size
£843m (£777m 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.
23
Top in this sector
Fund name1 Year
Capital Group GHIOL32.9%
Dodge & Cox Global Bond25.7%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
Russell Gbl Bd23.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • North America26.8%
    Europe22.7%
    Latin America12%
    UK10.7%
    Eastern Europe5%
  • No data available.
  • Global Fixed Interest98.7%
    Convertibles1%
    Alternative Investment Strategies-0.4%
    Futures-16.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.1%3.8%6.8%--
Sector-1.9%-2.2%0.7%3.2%5.9%13.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund7.9%0.5%---
Sector3.8%-1.6%3.7%-1.6%8.2%
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 high1.1
52 week low0.99
Current bid price-
Current offer price-
Current mid price1.09
Region
1North America26.83%
2Europe22.72%
3Latin America12.03%
4UK10.68%
5Eastern Europe5.02%
6Asia3.18%
7Emerging Asia1.17%
8Middle East/ Africa0.77%
Industry sector
No data available.
Asset type
1Global Fixed Interest98.68%
2Convertibles0.96%
3Alternative Investment Strategies-0.35%
4Futures-16.88%
Individual holdings
1TELECOM ITALIA SPA(NEW)5.03%
2VOLKSWAGEN AG4.9%
3AIRBUS GROUP SE4.68%
4TESCO CORP4.47%
5TELEFONICA SA4.26%
6GENERAL MOTORS CO3.88%
7KINDER MORGAN INC DELAWARE3.88%
8ARCELORMITTAL SA3.39%
9AERCAP HOLDINGS N.V.3.33%
Management
Fund manager group
Hermes
Fund manager company
Hermes Investment Management
Fund type
No data available.
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.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Fraser Lundie30/04/2014Fraser 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, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, 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 Multi Strategy Credit F Acc CHF
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
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 classInstitutional
Domicile-
Citi codeKF4D
Hermes Multi Strategy Credit F Acc EUR
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price2.8541
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKF4A
Hermes Multi Strategy Credit F Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price1.2639
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKF3Y
Hermes Multi Strategy Credit F Acc USD
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price2.1856
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKF4C
Hermes Multi Strategy Credit F Dis GBP
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price1.3523
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKF3X
Hermes Multi Strategy Credit F Dis USD
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price1.9811
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKF4B
Hermes Multi Strategy Credit F Hedged Acc CHF
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
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 classInstitutional
Domicile-
Citi codeKF4K
Hermes Multi Strategy Credit F Hedged Acc EUR
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price2.1547
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKF4I
Hermes Multi Strategy Credit F Hedged Acc GBP
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price1.0942
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKF4G
Hermes Multi Strategy Credit F Hedged Dis GBP
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price1.029
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKF4F
Hermes Multi Strategy Credit F Hedged Inc CHF
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
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 classInstitutional
Domicile-
Citi codeKF4J
Hermes Multi Strategy Credit F Hedged Inc EUR
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.1129
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKF4H
Hermes Multi Strategy Credit F Inc CHF
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
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 classInstitutional
Domicile-
Citi codeKF4E
Hermes Multi Strategy Credit F Inc EUR
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.1502
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKF3Z
Hermes Multi Strategy Credit R Acc CHF
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
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 codeKF4P
Hermes Multi Strategy Credit R Acc EUR
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price2.7005
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKF4L
Hermes Multi Strategy Credit R Acc USD
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.1187
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKF4N
Hermes Multi Strategy Credit R Hedged Acc CHF
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
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 codeKF4T
Hermes Multi Strategy Credit R Hedged Acc EUR
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price2.0802
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKF4R
Hermes Multi Strategy Credit R Hedged Inc CHF
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
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 codeKF4U
Hermes Multi Strategy Credit R Hedged Inc EUR
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.1067
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKF4S
Hermes Multi Strategy Credit R Inc CHF
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
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 codeKF4Q
Hermes Multi Strategy Credit R Inc EUR
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.1446
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKF4M
Hermes Multi Strategy Credit R Inc USD
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
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 codeKF4O
Hermes Multi Strategy Credit T Hedged Acc GBP
Initial charge5.25%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price1.0642
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFGK
Hermes Multi Strategy Credit Z Acc USD
Initial charge5.25%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price2.2281
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKF4V
Data provided by

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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.