Federated Hermes Global High Yield Credit Engagement M2 Hedged Dis GBP
ISIN: IE00BLPJRX06 | MEX: N/A | CITI: UML9
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Buy 96.01 GBX
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Sell 96.01 GBX
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Price Change 0.04170%
Past Performance
- 13th May 2020 to 13th May 2021-
- 13th May 2021 to 13th May 2022-9.06%
- 13th May 2022 to 13th May 20231.79%
- 13th May 2023 to 13th May 202410.04%
- 13th May 2024 to 13th May 20256.81%
Objectives and Approach
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.
Key Information
Inception | 2nd Nov 2020 |
Historic Yield | 0% |
Sector | IA Sterling High Yield |
Fund Size | £1055.886mn |
Fund Type | ICVC |
Classification | Income |
Charges
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
0.6361% |
Initial Charge | 0% |
AMC | 0.45% |
Our Platform Charge We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
Cost Category | % of Investment | lump sum costs |
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Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.6361% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
lump sum invested with an assumed growth rate of | 1 year | years |
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What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Performance
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Chart Options
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This fund's IA Sector (IA Sterling High Yield)
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Current Comparators -
Cumulative Performance
1 month 3 months 6 months 1 year 3 years 5 years 2.88% 0.33% 1.83% 6.81% 19.64% -
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
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Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
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Management Team
Nachu Chockalingam Mitch Reznick
Nachu Chockalingam
has managed this fund for 4 years and 6 months.
Nachu joined in March 2018 and is a senior credit portfolio manager co-managing Federated Hermes Limited’s range of credit portfolios. She joined from Ontario Teachers’ Pension Plan, where she was a portfolio manager responsible for the plan’s active investments in emerging markets and European credit. Nachu started her career at JPMorgan in London as a sell-side analyst where she spent 13 years covering, firstly, European high yield and investment grade and then CEEMEA credit. Nachu graduated from the London School of Economics with a degree in Economics and is a CFA charterholder.
Manager Cumulative Performance v Peer Group
All funds managed by Nachu
Name of Security | Sole/Co | Managed Since |
---|---|---|
Federated Hermes GblHYCr | Co | Jan 2021 |
Federated Hermes UncsCr | Co | Jan 2021 |
Federated Hermes GbHgYCrEn | Co | Nov 2020 |
Federated Hermes UncsCr | Co | Jan 2021 |
Federated Hermes GbHgYCrEn | Co | Nov 2020 |
Federated Hermes GblHYCr | Co | Jan 2021 |
Federated Hermes GblHYCr | Co | Jan 2021 |
Federated Hermes UncsCr | Co | Jan 2021 |
Mitch Reznick
has managed this fund for 5 years and 7 months.
Mitch joined in February 2010 as Head of Research on the Credit team before becoming Co-Head of Credit from 2012 to 2019. In 2019, in addition to his role of Head of Research, he became Head of Sustainable Fixed Income and co-manager of the Federated Hermes SDG Engagement High Yield Credit Fund. Prior to this he was Co-Head of Credit Research for the global credit team at Fortis Investments. Other roles at Fortis include portfolio manager of European high yield funds, based in London, and senior credit analyst, based in Paris. Before this he worked as an associate analyst in the leveraged finance group at Moody’s Investors Service in New York. Mitch earned a Master’s degree in International Affairs at Columbia University in New York City and a Bachelor’s degree in History at Pitzer College, one of the Claremont Colleges in California. He is a CFA charterholder and the founder and Co-Chair of the Federated Hermes Sustainability Investment Centre. Among his current and former advocacy roles are: founding member of the Executive Committee for the European Leveraged Finance Association (ELFA); Co-Chair of the Credit Risk and Ratings Advisory Committee at the Principles for Responsible Investment (PRI); workstream member CFO Taskforce for the United Nations Global Compact (UNGC); member the Target Setting workstream at the Institutional Investors Group on Climate Change (IIGCC); Technical Working Group (Communications and Technology) for the US-based Sustainability Accounting Standards Board (SASB); (former) Co-Chair of the Capital Markets Advisory Committee of the IFRS Foundation; (former) member of the Sovereign Working Group (PRI); (former) workstream member of the UK-China Green Finance Task Force; and (former) Green Finance Advisory of the City of London.
Manager Cumulative Performance v Peer Group
All funds managed by Mitch
Name of Security | Sole/Co | Managed Since |
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Federated Hermes GbHgYCrEn | Co | Sep 2019 |
Federated Hermes GbHgYCrEn | Co | Sep 2019 |