# Performance as at 31 July 2021 (%)
|  | YTD | 2020 | 2019 | 2018 | 2017 | 2016 |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 2.78 | 1.24 | 15.12 | -5.97 | 6.97 | 10.92 |
| Benchmark | 2.65 | 4.66 | 11.14 | -4.67 | 5.66 | 15.52 |
| Rolling year performance (%) |
|  | 31/07/20 to 31/07/21 | 31/07/19 to 31/07/20 | 31/07/18 to 31/07/19 | 31/07/17 to 31/07/18 | 31/07/16 to 31/07/17 |
| Fund | 10.14 | -1.57 | 6.39 | -0.77 | 8.74 |

Prior to 26th June 2020, Federated Hermes Global High Yield Credit Fund was named Hermes Global High Yield Credit Fund. Performance not available for all of the above period. From Fund Inception to 30th June 2017 the benchmark was the BofA Merrill Lynch Global High Yield Constrained 2% ex Financials (Euro Hedged). Fund performance and the
benchmark shown are valued at close of business. Performance shown is the F share class Euro Accumulating net of costs and management fees since seeding on 16 May 2013, prior track record is the Z share class Sterling Accumulating, fee and currency adjusted since inception net of all costs. Subscription and redemption fees are not included in the performance figures.
| Credit Rating (%) |  |  |  | Maturity breakdown (%) |  |  |  | Geographical split ** |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Fund | Benchmark |  |  | Fund | Benchmark |  | Regions | Fund (%) |
| AAA | 8.99 | 0.00 |  | < 1 year | 4.03 | 1.71 |  | N America | 65.09 |
| BBB | 22.30 | 0.36 |  | 1-3 years | 8.90 | 17.04 |  | W Europe | 36.22 |
| BB | 58.73 | 60.32 |  | 3-5 years | 16.23 | 30.94 |  | United Kingdom | 6.74 |
| B | 8.82 | 29.49 |  | 5-7 years | 49.08 | 23.54 |  | Latin America | 4.45 |
| CCC | 1.03 | 8.84 |  | 7-10 years | 11.66 | 20.39 |  | Asia Developed Markets | 2.12 |
| CC | 0.00 | 0.31 |  | 10-15 years | 1.94 | 2.17 |  | Middle East & Africa | 2.00 |
| C | 0.00 | 0.04 |  | 15-20 years | 0.46 | 1.14 |  | Asia Emerging Markets | 1.85 |
| D | 0.00 | 0.02 |  | 20-25 years | 1.67 | 1.26 |  | E Europe | 1.37 |
| NR | 0.13 | 0.00 |  | 25-30 years | 1.26 | 1.43 |  |  |  |
|  |  |  |  | > 30 years | 4.77 | 0.37 |  |  |  |
| Sector breakdown (%) |  |  |  | Top 10 issuers (%) |  |  |  | Instrument split |  |
|  | Fund | Benchmark |  |  |  | Fund (%) |  |  | Fund (%) |
| Automotive | 5.67 | 4.88 |  | BHP Billiton |  | 1.85 |  | Bond | 96.15 |
| Banking | 9.36 | 5.74 |  | SIG Combibloc |  | 1.74 |  | CDS (Long Risk) | 23.17 |
| Basic Industry | 14.94 | 8.86 |  | Anglo American |  | 1.69 |  | Convertible | 1.39 |
| Capital Goods | 11.92 | 5.48 |  | Lennar |  | 1.68 |  | Loan | 1.33 |
| Consumer Goods | 1.99 | 4.11 |  | Toll Brothers |  | 1.67 |  | Cash | 0.81 |
| Energy | 6.99 | 13.15 |  | Ball Corporation |  | 1.58 |  | CDS Index | -1.42 |

Financial Services	4.71	4.54
HealthCare	5.72	6.90
Index	-1.18	0.00
MPT Operating Partnership	1.51
Enbridge	1.50
Crown Americas	1.46

Translation (ENIT, 2021-07-31):
# Performance al 31 luglio 2021 (%)
|  | YTD | 2020 | 2019 | 2018 | 2017 | 2016 |
| --- | --- | --- | --- | --- | --- | --- |
| Fondo | 2,78 | 1,24 | 15,12 | -5,97 | 6,97 | 10,92 |
| Benchmark | 2,65 | 4,66 | 11,14 | -4,67 | 5,66 | 15,52 |
| Performance su anni consecutivi (%) |
|  | 31/07/20 a 31/07/21 | 31/07/19 a 31/07/20 | 31/07/18 a 31/07/19 | 31/07/17 a 31/07/18 | 31/07/16 a 31/07/17 |
| Fondo | 10,14 | -1,57 | 6,39 | -0,77 | 8,74 |

Prima del 26 giugno 2020, Federated Hermes Global High Yield Credit Fund era denominato Hermes Global High Yield Credit Fund. Performance non disponibili per tutto il periodo suddetto. Dal lancio del fondo al 30 Giugno 2017, il benchmark del fondo e' stato il BofA Merrill Lynch Global High Yield Constrained 2% ex Financials (Euro Hedged). La
performance del Fondo e il benchmark indicati sono valutati in chiusura di giornata. La performance indicata si riferisce alla classe di azioni ad Accumulazione F in Euro, al netto di tutti i costi e delle commissioni di estione dall'avviamento, l'16 maggio 2013; i dati storici precedenti si riferiscono alla classe di azioni ad Accumulazione Z in sterlina, ommissioni rettificate, dal lancio, al netto di tutti i costi. Le commissioni di sottoscrizione e rimborso non sono incluse nei dati relativi alla performance.
| Rating creditizio (%) |  |  | Scomposizione per scadenza (%) |  |  | Ripartizione geografica ** |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | Benchmark |  | Fondo | Benchmark |  | Regioni | Fondo (%) |
| AAA	8,99 | 0,00 |  | < 1 anno	4,03 | 1,71 |  | Nord America | 65,09 |
| BBB	22,30 | 0,36 |  | 1-3 anni	8,90 | 17,04 |  | Europa occidentale | 36,22 |
| BB	58,73 | 60,32 |  | 3-5 anni	16,23 | 30,94 |  | Regno Unito | 6,74 |
| B	8,82 | 29,49 |  | 5-7 anni	49,08 | 23,54 |  | America Latina | 4,45 |
| CCC	1,03 | 8,84 |  | 7-10 anni	11,66 | 20,39 |  | Mercati sviluppati asiatici | 2,12 |
| CC	0,00 | 0,31 |  | 10-15 anni	1,94 | 2,17 |  | Medio Oriente e Africa | 2,00 |
| C	0,00 | 0,04 |  | 15-20 anni	0,46 | 1,14 |  | Mercati emergenti asiatici | 1,85 |
| D	0,00 | 0,02 |  | 20-25 anni	1,67 | 1,26 |  | Europa orientale | 1,37 |
| Privo di rating	0,13 | 0,00 |  | 25-30 anni	1,26 | 1,43 |  |  |  |
|  |  |  | > 30 anni	4,77 | 0,37 |  |  |  |
| Scomposizione per settore (%) |  |  | 10 maggiori emittenti (%) |  |  | Ripartizione degli strumenti |  |
| Fondo | Benchmark |  |  | Fondo (%) |  |  | Fondo (%) |
| Automobilistico	5,67 | 4,88 |  | BHP Billiton | 1,85 |  | Obbligazioni globali | 96,15 |
| Bancario	9,36 | 5,74 |  | SIG Combibloc | 1,74 |  | CDS (rischio lungo) | 23,17 |
| Industria di base	14,94 | 8,86 |  | Anglo American | 1,69 |  | Titoli convertibili | 1,39 |
| Beni strumentali	11,92 | 5,48 |  | Lennar | 1,68 |  | Prestito | 1,33 |
| Beni di consumo	1,99 | 4,11 |  | Toll Brothers | 1,67 |  | Cash | 0,81 |
| Energia	6,99 | 13,15 |  | Ball Corporation | 1,58 |  | Indice CDS | -1,42 |

| Servizi finanziari | 4,71 | 4,54 |  | MPT Operating Partnership | 1,51 |
| --- | --- | --- | --- | --- | --- |
| Sanità | 5,72 | 6,90 |  | Enbridge | 1,50 |
| Indice | -1,18 | 0,00 |  | Crown Americas | 1,46 |