FGFAX Fees and Costs — Federated Hermes International Leaders Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.09%: a 0.72% management fee plus 0.51% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $2.5M in broker commissions, 0.1805% of average net assets, and portfolio turnover was 66%.
FGFAX Fees and Expenses
Annual operating expenses and sales charges of FGFAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FGFAX Costs Over Time
On $10,000 invested in FGFAX, assuming 5% a year before costs, total costs come to $1,449 over 5 years, cutting the return by 2.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.09%) | $108 | $337 | $582 |
| Trading costs (broker commissions) | $18 | $56 | $96 |
| Lost growth on money paid in costs | $27 | $106 | $221 |
| Total costs | $704 | $1,048 | $1,449 |
| Value after costs | $9,796 | $10,528 | $11,314 |
| Impact on return, per year | 7.04% | 3.27% | 2.50% |
FGFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1805%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $679K
- Net income from securities lending: $2K (0.000% of average net assets)
FGFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $523K | 23.42% |
| Liquidnet, Inc. | $507K | 22.68% |
| Instinet, LLC | $411K | 18.42% |
| UBS Securities LLC | $170K | 7.62% |
| Barclays Capital Inc. | $157K | 7.05% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $147K | 6.60% |
| BNP Paribas Securities Corp. | $110K | 4.91% |
| J.P. Morgan Securities LLC | $90K | 4.02% |
| Citigroup Global Markets Inc | $79K | 3.55% |
| BNY Mellon Capital Markets, LLC | $38K | 1.71% |
FGFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp | $1.1B | 99.76% |
| BNY Mellon Capital Markets, LLC | $2.7M | 0.24% |
Federated Hermes International Leaders Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FGRSX | Class R6 | 0.74% | none |
| FGFLX | Institutional Shares | 0.79% | none |
| FGFAX | Class A | 1.09% | 5.50% |
| FGFRX | Class R | 1.24% | none |
| FGFCX | Class C | 1.90% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.