| Morningstar Fund Report | 17/04/2025 |  |
Federated Hermes Global High Yield Credit Fund Class F GBP Accumulating |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -4.2 | -7.9 | 6.0 | 6.2 | -1.6 |
| +/-Cat | -0.7 | -1.1 | -0.8 | 4.5 | -3.2 |
| +/-B’mrk | -1.8 | -0.2 | -2.6 | 4.1 | -3.5 |
| Category: Global High Yield Bond - EUR Hedged | ||||||
| Category Benchmark: Morningstar Gbl HY Bd GR Hd... | ||||||
| Key Stats | ||
| NAV 15/04/2025 | GBP 1.56 | |
| Day Change | -0.04% | |
| Morningstar Category™ | Global High Yield Bond - EUR Hedged | |
| IA (formerly IMA) Sector | £ High Yield | |
| ISIN | IE00B4W78028 | |
| Fund Size (Mil) 14/04/2025 | USD 33.25 | |
| Share Class Size (Mil) 14/04/2025 | GBP 0.98 | |
| Max Initial Charge | 5.25% | |
| Ongoing Charge 31/10/2024 | 0.77% | |
| Investment Objective: Federated Hermes Global High Yield Credit Fund Class F GBP Accumulating |
| The investment objective of the Fund is to generate a high level of income. The Fund will seek to achieve its objective over a rolling period of any five years, by investing at least 80% in a diversified portfolio of debt securities (as referenced in the Categories of Investments section below). The Fund may take long positions and/or generate Synthetic Short Exposure through the use of FDIs. The securities in which the Fund may invest will be selected on a global basis. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Mitch Reznick 14/05/2024 | ||
Inception Date 11/05/2010 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| ICE BofA Gbl HY Constnd TR HUSD | Morningstar Gbl HY Bd GR Hdg EUR |
| Portfolio Profile for Federated Hermes Global High Yield Credit Fund Class F GBP Accumulating | 31/10/2024 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -4.92 | 8.68 | 6.94 | -4.19 | -7.94 | 6.03 | 6.16 | -1.58 |
| +/- Category | -0.74 | 5.30 | -1.40 | -0.73 | -1.10 | -0.75 | 4.47 | -3.24 |
| +/- Category Index | -1.26 | 3.87 | -3.61 | -1.81 | -0.22 | -2.61 | 4.11 | -3.46 |
| % Rank in Category | 65 | 1 | 76 | 67 | 54 | 67 | 5 | 98 |
| Trailing Returns (GBP) | 15/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.04 | 0.43 | 0.51 |
| 1 Week | -3.05 | -3.60 | -4.13 |
| 1 Month | -4.32 | -4.11 | -4.37 |
| 3 Months | -8.00 | -8.39 | -8.65 |
| 6 Months | -1.24 | -3.10 | -3.64 |
| YTD | -5.68 | -7.73 | -8.36 |
| 1 Year | 1.17 | -3.49 | -5.08 |
| 3 Years Annualised | 2.36 | -1.21 | -2.10 |
| 5 Years Annualised | 2.15 | -1.08 | -1.76 |
| 10 Years Annualised | 3.60 | -0.03 | -1.11 |
| Category: Global High Yield Bond - EUR Hedged | |||
| Category Index: Morningstar Gbl HY Bd GR Hdg EUR | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -1.58 | - | - | - |
| 2024 | 0.24 | -0.24 | 1.37 | 4.73 |
| 2023 | 0.44 | -2.24 | 0.85 | 7.07 |
| 2022 | -5.57 | -9.72 | -0.15 | 8.14 |
| 2021 | -4.76 | 2.90 | 0.70 | -2.92 |
| 2020 | -14.17 | 14.48 | 3.58 | 5.07 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global High Yield Bond - EUR Hedged | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl HY Bd GR Hdg EUR | Morningstar EZN HY Bd GR EUR | |
| 3-Yr Beta | 1.06 | 1.16 |
| 3-Yr Alpha | -0.14 | -1.78 |
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/10/2024 |
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| Top 10 Holdings | 31/10/2024 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 1 |
| Total Number of Bond Holdings | 188 |
| Assets in Top 10 Holdings | 13.12 |
| Name | Sector | Country | % of Assets | ||
 Northern Trust |  | - | 2.18 | ||
| United States Treasury Bills 0% | | United States | 1.61 | ||
| United States Treasury Bills 0% | | United States | 1.38 | ||
| Berry Global Inc 1.5% | | United States | 1.21 | ||
| Clearway Energy Operating LLC 3.75% | | United States | 1.21 | ||
| Tenet Healthcare Corporation 4.375% | | United States | 1.19 | ||
| Western Digital Corp. 3.1% | | United States | 1.17 | ||
| Graphic Packaging International LLC 2...
| | United States | 1.12 | ||
| Spcm SA 3.375% | | France | 1.06 | ||
 Sealed Air Corp. 4% | | United States | 0.99 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global High Yield Bond - EUR Hedged | |||||
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| Biography | |
| Mitch Reznick, CFA, Head of Research and Sustainable Fixed Income and Co-Portfolio Manager, has been the Fund's portfolio manager since inception in September 2019. He joined Hermes in 2010 as Head of Research on the Hermes Credit team. He 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. Investment Experience: 22 Years. |
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