# Performance as at 28 February 2023 (%)
|  | YTD | 2022 | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 1.95 | -13.41 | 1.52 | 0.64 | 14.46 | -6.47 |
| Benchmark | 2.16 | -13.59 | 2.12 | 4.66 | 11.14 | -4.67 |
| Rolling year performance (%) |
|  | 28/02/22 to 28/02/23 | 28/02/21 to 28/02/22 | 29/02/20 to 28/02/21 | 28/02/19 to 29/02/20 | 28/02/18 to 28/02/19 |
| Fund | -6.05 | -4.72 | 3.43 | 5.59 | -0.38 |
|  | 28/02/17 to 28/02/18 | 29/02/16 to 28/02/17 | 28/02/15 to 29/02/16 | 28/02/14 to 28/02/15 | 28/02/13 to 28/02/14 |
| Fund | 3.09 | 15.03 | -7.78 | 4.08 | 9.88 |

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 R share class Euro Accumulating net of all costs and management fees since seeding on 10 October 2011, 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 | 9.15 | 0.00 |  | < 1 year | 7.47 | 0.94 |  | N America | 67.99 |
| AA | 5.62 | 0.00 |  | 1-3 years | 16.32 | 24.94 |  | W Europe | 35.63 |
| BBB | 19.41 | 0.41 |  | 3-5 years | 23.50 | 32.78 |  | United Kingdom | 12.81 |
| BB | 56.99 | 56.83 |  | 5-7 years | 23.40 | 25.46 |  | Latin America | 4.22 |
| B | 6.68 | 33.07 |  | 7-10 years | 13.74 | 11.52 |  | Asia Emerging Markets | 2.76 |
| CCC | 1.27 | 8.67 |  | 10-15 years | 1.07 | 1.35 |  | E Europe | 1.42 |
| CC | 0.00 | 0.23 |  | 15-20 years | 0.83 | 0.66 |  | Middle East & Africa | 1.26 |
| C | 0.00 | 0.17 |  | 20-25 years | 0.53 | 1.04 |  | Asia Developed Markets | 0.00 |
| D | 0.00 | 0.04 |  | 25-30 years | 0.58 | 0.64 |  |  |  |
| NR | 0.88 | 0.00 |  | > 30 years | 12.57 | 0.57 |  |  |  |
| Sector breakdown (%) |  |  |  | Top 10 issuers (%) |  |  |  | Instrument split |  |
|  | Fund | Benchmark |  |  |  | Fund (%) |  |  | Fund (%) |
| Automotive | 6.51 | 4.73 |  | Kraft Heinz |  | 1.64 |  | Bond | 90.87 |
| Banking | 8.66 | 5.51 |  | HCA |  | 1.58 |  | CDS (Long Risk) | 26.21 |
| Basic Industry | 11.57 | 8.08 |  | Telecom Italia Capital |  | 1.54 |  | CDS Index | 6.73 |
| Capital Goods | 9.26 | 5.78 |  | Ball Corporation |  | 1.45 |  | Cash | 2.38 |
| Consumer Goods | 2.36 | 3.37 |  | Nokia Oya |  | 1.41 |  | Convertible | 1.51 |
| Energy | 2.57 | 12.73 |  | Ally Financial |  | 1.40 |  | Loan | 0.90 |

Financial Services	3.88	4.79
Healthcare	4.66	6.69
Index	5.33	0.00
Toll Brothers	1.37
Charter Communications	1.35
Berry Global	1.34

Translation (ENIT, 2023-02-28):
# Performance al 28 febbraio 2023 (%)
|  | YTD | 2022 | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- | --- | --- |
| Fondo | 1,95 | -13,41 | 1,52 | 0,64 | 14,46 | -6,47 |
| Benchmark | 2,16 | -13,59 | 2,12 | 4,66 | 11,14 | -4,67 |
| Performance su anni consecutivi (%) |
|  | 28/02/22 a 28/02/23 | 28/02/21 a 28/02/22 | 29/02/20 a 28/02/21 | 28/02/19 a 29/02/20 | 28/02/18 a 28/02/19 |
| Fondo | -6,05 | -4,72 | 3,43 | 5,59 | -0,38 |
|  | 28/02/17 a 28/02/18 | 29/02/16 a 28/02/17 | 28/02/15 a 29/02/16 | 28/02/14 a 28/02/15 | 28/02/13 a 28/02/14 |
| Fondo | 3,09 | 15,03 | -7,78 | 4,08 | 9,88 |

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 R in Euro, al netto di tutti i costi e delle commissioni di estione dall'avviamento, l'10 ottobre 2011; 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	9,15 | 0,00 |  | < 1 anno	7,47 | 0,94 |  | Nord America | 67,99 |
| AA	5,62 | 0,00 |  | 1-3 anni	16,32 | 24,94 |  | Europa occidentale | 35,63 |
| BBB	19,41 | 0,41 |  | 3-5 anni	23,50 | 32,78 |  | Regno Unito | 12,81 |
| BB	56,99 | 56,83 |  | 5-7 anni	23,40 | 25,46 |  | America Latina | 4,22 |
| B	6,68 | 33,07 |  | 7-10 anni	13,74 | 11,52 |  | Mercati emergenti asiatici | 2,76 |
| CCC	1,27 | 8,67 |  | 10-15 anni	1,07 | 1,35 |  | Europa orientale | 1,42 |
| CC	0,00 | 0,23 |  | 15-20 anni	0,83 | 0,66 |  | Medio Oriente e Africa | 1,26 |
| C	0,00 | 0,17 |  | 20-25 anni	0,53 | 1,04 |  | Mercati sviluppati asiatici | 0,00 |
| D	0,00 | 0,04 |  | 25-30 anni	0,58 | 0,64 |  |  |  |
| Privo di rating	0,88 | 0,00 |  | > 30 anni	12,57 | 0,57 |  |  |  |
| Scomposizione per settore (%) |  |  | 10 maggiori emittenti (%) |  |  | Ripartizione degli strumenti |  |
| Fondo | Benchmark |  |  | Fondo (%) |  |  | Fondo (%) |
| Automobilistico	6,51 | 4,73 |  | Kraft Heinz | 1,64 |  | Obbligazioni globali | 90,87 |
| Bancario	8,66 | 5,51 |  | HCA | 1,58 |  | CDS (rischio lungo) | 26,21 |
| Industria di base	11,57 | 8,08 |  | Telecom Italia Capital | 1,54 |  | Indice CDS | 6,73 |
| Beni strumentali	9,26 | 5,78 |  | Ball Corporation | 1,45 |  | Contanti | 2,38 |
| Beni di consumo	2,36 | 3,37 |  | Nokia Oya | 1,41 |  | Titoli convertibili | 1,51 |
| Energia	2,57 | 12,73 |  | Ally Financial | 1,40 |  | Prestito | 0,90 |

| Servizi finanziari | 3,88 | 4,79 |  | Toll Brothers | 1,37 |
| --- | --- | --- | --- | --- | --- |
| Healthcare | 4,66 | 6,69 |  | Charter Communications | 1,35 |
| Indice | 5,33 | 0,00 |  | Berry Global | 1,34 |