Investment trust
BHMU BH Macro Ltd USD
ISIN GG00BQBFY479London Stock Exchange: BHMU
- Investment trusts
- Investment trust
- ISA
- SIPP
Latest close
LSE$4.25
on
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, BHMU (BH Macro Ltd USD, ISIN GG00BQBFY479) closed at $4.25 on the London Stock Exchange. Over the five years to 30/09/2026 its price changed by +17.7% (income paid out is not included), or −6.9% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +7.3%
- +4.4% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +1.4%
- −7.9% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +17.7%
- −6.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,177 on 30/09/2026 — about £931 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of BH Macro Ltd USD in pounds (price only, income paid out not included): 2022 +26.3%, 2023 −21.1%, 2024 +11.2%, 2025 −5.0%; 2026 to 30/09/2026 +2.1%. Returns of BH Macro Ltd USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +7.3%; to 30/09/2025: +2.0%; to 30/09/2024: −3.0%; to 30/09/2023: −31.2%; to 30/09/2022: +62.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +2.1% | −0.7% | |
| −5.0% | −8.2% | ||
| +11.2% | +7.4% | ||
| −21.1% | −24.3% | ||
| +26.3% | +15.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +7.3% | Not available |
| from | +2.0% | −1.9% |
| from | −3.0% | −5.5% |
| from | −31.2% | −35.3% |
| from | +62.1% | +49.0% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
20.2%over 5 years
| 1 year | 13.8% |
|---|---|
| 3 years | 15.6% |
| 5 years | 20.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −43.9%
- From to
- Lowest 12-month return
- −37.0%
- 12 months to
- Highest 12-month return
- +79.3%
- 12 months to
- Below its highest weekly close since October 2021
- 33.9%
- High of , latest
In words: Volatility of BH Macro Ltd USD in pounds, annualised from weekly returns to 30/09/2026: 13.8% over 1 year, 15.6% over 3 years, 20.2% over 5 years. Largest fall in the price of BH Macro Ltd USD since October 2021, in pounds: −43.9% from 23/09/2022 to 05/04/2024. The lowest 12-month return of BH Macro Ltd USD in pounds (price only, income paid out not included) since January 2021 was −37.0% (12 months to 22/09/2023); the highest was +79.3% (12 months to 23/09/2022). On 30/09/2026 the price of BH Macro Ltd USD was 33.9% below its highest weekly close since October 2021 (23/09/2022), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
BH Macro Ltd USD is an investment trust.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Investment trusts: Companies on the stock exchange that invest in other assets. Their share price can be above or below the value of what they own.
Key facts
- Ticker
- BHMU
- ISIN
- GG00BQBFY479
- Structure
- Investment trust
- A company listed on the stock exchange that invests in other assets; its price can differ from the value of what it holds.
- Domicile
- United Kingdom
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- USD
- Category
- Investment trusts
Price chart
Since 31/07/2026, the closing price went from $4.25 on 31/07/2026 to $4.25 on 30/09/2026 (0.0%). The lowest close shown was $4.23 on 25/09/2026 and the highest $4.38 on 03/09/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
8 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 246 rolling 12-month returns since January 2021, and of 142 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 30/09/2026 (147 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ISIN of BHMU?
The ISIN of BHMU is GG00BQBFY479. An ISIN identifies one exact share class of a fund; BHMU is its ticker on the London Stock Exchange.
What were BHMU’s returns in each of the last five years?
Calendar-year returns of BHMU in pounds (price only, income paid out not included): 2022 +26.3%, 2023 −21.1%, 2024 +11.2%, 2025 −5.0%; 2026 to 30/09/2026 +2.1%. Past performance is not a guide to future returns.
How has BHMU done after inflation?
Over the five years to 30/09/2026 BHMU’s price changed by +17.7% (income paid out is not included), or −6.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
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- ANIIAberdeen New India Investment Trust PLC GBP
- AUSCAberdeen UK Smaller Companies Growth Trust plc GBP
- AGVIAberforth Geared Value & Income Trust PLC
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- Fundology, from recorded closes
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
Methodology:Data sourcesReturnsCategoriesAll methods
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