Federated Hermes Unconstrained Credit L2 Dis GBP

ISIN: IE000P0WY2X0 | MEX: N/A | CITI: ASQTS

  • Buy 99.82 GBX

  • Sell 99.82 GBX

  • Price Change 0.04010%

Past Performance

  • 13th May 2020 to 13th May 2021-
  • 13th May 2021 to 13th May 2022-
  • 13th May 2022 to 13th May 2023-
  • 13th May 2023 to 13th May 2024-
  • 13th May 2024 to 13th May 20251.43%

Objectives and Approach

The investment objective of the Fund is to generate capital growth and a high level of income over the long term.

Key Information

Inception 15th Mar 2024
Historic Yield 0%
Sector IA Sterling Strategic Bond
Fund Size £101.627mn
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.
0.7549%
Initial Charge 0%
AMC 0.50%
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

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

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
Our annual fee

Our annual fee

Includes 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 charges

Any 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 costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
0.7549%
Total (£)

Total (£)

Costs per annum displayed in monetary value
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
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
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
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
What you might get back at with charges applied

What you might get back at with charges applied

These 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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      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        0.67% -5.49% -0.95% 1.43% - -

        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

      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.

      Fund Provider Factsheet
      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. &nbsp;
      FUND PROVIDER FACTSHEET
      125,235 bytes PDF Document; last updated 31 Mar 2025
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      96,348 bytes PDF Document; last updated 05 Mar 2025
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      4,790,698 bytes PDF Document; last updated 31 Dec 2024
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      4,862,658 bytes PDF Document; last updated 30 Jun 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      2,925,597 bytes PDF Document; last updated 12 Dec 2024

      Management Team

      Andrew Lennox Nachu Chockalingam Vincent Benguigui

      Andrew Lennox has managed this fund for 3 years and 5 months.

      Andrew Lennox Andrew joined in April 2018 and has 20 years’ experience working in financial services, of which 15 years has been in managing structured finance as a portfolio manager. In his role, he is responsible for structured credit investments across multi-asset credit portfolios. Since joining, he has built an investment process for structured credit that integrates an ESG focus in every investment decision and has worked with external parties, including rating agencies, on furthering ESG in the asset class. Prior to joining, Andrew was most recently the lead portfolio manager for European ABS at BlackRock, where he grew the business by over $1bn to manage more than $5bn of investment-grade and sub investment-grade assets across portfolios, including multi-asset fixed income products, for a wide range of institutional clients, including global insurance companies and pension funds. Prior to BlackRock, Andrew was the lead portfolio manager for ABS at ECM (European Credit Management, now part of Wells Fargo Asset Management) where he managed a team of specialists managing dedicated structured credit funds and allocations within wider multi-asset credit funds. Andrew started his career in financial services at Goldman Sachs in London where he worked alongside the European and emerging markets equities trading desks. He holds an MA in Modern and Medieval Languages from Cambridge University.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Andrew

      Name of Security Sole/Co Managed Since
      Federated Hermes UncsCr Co Dec 2021
      Federated Hermes UncsCr Co Dec 2021

      Nachu Chockalingam has managed this fund for 4 years and 4 months.

      Nachu Chockalingam 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

      Performance Graph

      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 GbHgYCrEn Co Nov 2020
      Federated Hermes GblHYCr Co Jan 2021
      Federated Hermes GblHYCr Co Jan 2021
      Federated Hermes UncsCr Co Jan 2021
      Federated Hermes GbHgYCrEn Co Nov 2020

      Vincent Benguigui has managed this fund for 4 years and 4 months.

      Vincent Benguigui Vincent joined in 2013 and is a senior credit portfolio manager co-managing Federated Hermes Limited’s range of credit portfolios. He also oversees risk management and the implementation of non-linear trading strategies, via the use of derivatives products such as credit options and indices. He joined from Scor Global Investments in Paris, where he was credit analyst across European high yield. Vincent holds a Master’s degree in Banking and Finance with Honours from Pantheon-Assas University in Paris, as well as a Bachelor’s in Management from Dauphine University in Paris.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Vincent

      Name of Security Sole/Co Managed Since
      Federated Hermes GblHYCr Co Aug 2023
      Federated Hermes UncsCr Co Jan 2021
      Federated Hermes GblHYCr Co Aug 2023
      Federated Hermes GblHYCr Co Aug 2023
      Federated Hermes UncsCr Co Jan 2021

      Investment involves risk. You may get back less than invested.