FHSQX Fees and Costs — Federated Hermes Global Small Cap Fund, Class A
Data updated: 2023-02-10
The net expense ratio is 1.19%: a 0.85% management fee plus 8.62% other expenses, less a 8.28% fee waiver. This share class carries a maximum front-end sales load of 5.50%. Portfolio turnover was 16%.
FHSQX Fees and Expenses
Annual operating expenses and sales charges of FHSQX. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 8.62% |
| Gross expense ratio | 9.47% |
| Fee waiver | −8.28% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FHSQX Costs Over Time
On $10,000 invested in FHSQX, assuming 5% a year before costs, total costs come to $1,403 over 5 years, cutting the return by 2.42% 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 1.19%) | $118 | $368 | $636 |
| Lost growth on money paid in costs | $28 | $105 | $216 |
| Total costs | $696 | $1,023 | $1,403 |
| Value after costs | $9,804 | $10,554 | $11,360 |
| Impact on return, per year | 6.96% | 3.19% | 2.42% |
FHSQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FHSQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $126 | 28.41% |
| Instinet, LLC | $92 | 20.70% |
| RBC Capital Markets, LLC | $60 | 13.48% |
| Berenberg Capital Markets LLC | $56 | 12.73% |
| Liquidnet, Inc. | $27 | 6.09% |
| Goldman Sachs & Co. LLC | $24 | 5.35% |
| Credit Agricole Securities (USA) Inc. | $22 | 4.92% |
| Santander Investment Securities Inc. | $21 | 4.70% |
| Winterflood Securities US Corp. | $11 | 2.43% |
| Peel Hunt Inc. | $5 | 1.20% |
FHSQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Numis Securities Inc. | $35K | 73.51% |
| Stifel, Nicolaus & Company, Incorporated | $13K | 26.49% |
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.