Sustainability. We mean it.
Commentary

Your Questions Answered

by Unconstrained Credit

Your Questions Answered by Unconstrained Credit

See more insights

Lessons from COP26
Lessons from COP26:
‘World faces a larger climate-change bill than leaders admit’
Lessons from COP26
Lessons from COP26:
‘We have to realise that we can’t enjoy everything the way we have in perpetuity’
Lessons from COP26
Lessons from COP26:
Deforestation pledge a ‘pivotal moment’
Unconstrained Credit GIPS® Composite

GIPS® Composite

Composite: Hermes Unconstrained Credit Hedged to USD

Creation date: 10 August 2018

Inception date: 01 July 2018                                                            

All information is quoted in USD

YearGross of Fees ReturnNet of Fees
Return
Benchmark
Return
Std. Dev. 3
Years Composite
Std. Dev. 3
Years Benchmark
No of PortfoliosComposite DispersionUSD Total Composite Assets (Million)% Total Firm Assets
2018-1.06-1.38<5357.532.0
201917.5816.81<5511.940.2
202013.7613.02<5805.2585.7

*Partial Year Returns for Composites and Benchmark

Hermes Fund Managers Limited claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS® standards. Hermes Fund Managers Limited has been independently verified for the periods 1 January 1998 through 31 December 2018. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS® standards on a firm-wide basis and (2) the firms policies and procedures are designed to calculate and present performance in compliance with the GIPS® standards. Verification does not ensure the accuracy of any specific composite presentation.

For the purposes of compliance with GIPS®, the firm is defined as Hermes Fund Managers Limited (‘Hermes’), an asset management group consisting of a number of subsidiary or affiliate companies. As of 31 December 2009 the Hermes Fund Managers Limited firm definition was broadened to better represent the full range of investment strategies offered. Hermes Investment Management is the brand name for the Hermes group including Hermes Fund Managers Limited. Information about changes is available upon request. Gross of fees returns have been calculated gross of management, custodial fees and reclaimable withholding taxes, but after all trading commissions.

The composite includes all discretionary portfolios following the Unconstrained Credit Hedged to USD strategy run by the Hermes Global Credit team and has an inception date of 01 July 2018. The objective of the strategy is to generate capital growth and a high level of income over the long term. The strategy may invest in a broad range of assets, either directly or through the use of derivatives, (including, but not limited to, equities, equity-related securities, Eligible CIS and/or financial indices, futures, options, swaps, debt, fx and money markets). The strategy through its investments in FDIs may be leveraged. The composite does not have a benchmark. Performance is shown in USD. The composite base currency is USD.

The management fee schedule for this strategy is 0.65% per annum.

The standard fees are shown in Part 2A of its Form ADV. For historical fees, please contact Hermes. Net results reflect the above-mentioned fee schedules, actual results may vary for each individual portfolio.

Composite descriptions, along with additional information regarding policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Where appropriate, composite dispersion is calculated as the asset weighted standard deviation of the annual returns of the constituent portfolios. If a composite consists of less than five portfolios for the full year then no measure of dispersion is shown. The three year annualised standard deviation measures the variability of the composite and benchmark returns over the preceding 36 month period. Standard deviation measures are not shown where there are less than 36 monthly observations available. Standard deviation measures are not required for periods prior to 2011.

Our investment range

We combine investment and stewardship expertise to offer three routes to Sustainable Wealth Creation.

Sustainable wealth creation

Want to know more about our delivery of Sustainable Wealth Creation?