FRIEX Performance — Federated Hermes Emerging Markets Equity Fund, Class R6
Data updated: 2026-08-11
FRIEX returned +38.11% year to date and +70.35% over one year to May 2026. Annualised returns are +29.34% over 3 years and +7.52% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $216, against $186 for the category, and to $170 over one year, against $149. Volatility over the past three years was 19.29% a year. In the 12 months to May 2026 the fund took in a net $4.4M, and assets reached $75.07M.
FRIEX Growth of $100
What $100 invested in Federated Hermes Emerging Markets Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | FRIEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $170 | $149 |
| 3 years (Jun 2023 – May 2026) | $216 | $186 |
| 5 years (Jun 2021 – May 2026) | $144 | $145 |
FRIEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +38.11% |
| 1 year | +70.35% |
| 3 years (annualised) | +29.34% |
| 5 years (annualised) | +7.52% |
FRIEX Annual Returns
Calendar-year total returns of Federated Hermes Emerging Markets Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +38.11% |
| 2025 | +36.31% |
| 2024 | +11.95% |
| 2023 | +4.78% |
| 2022 | −30.52% |
| 2021 (Jun–Dec) | −6.35% |
FRIEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.0% | +3.3% | −10.9% | +16.8% | +14.8% | — | — | — | — | — | — | — |
| 2025 | +1.9% | +3.2% | +0.1% | +1.0% | +4.0% | +7.1% | +0.2% | +3.8% | +10.1% | +1.8% | −3.1% | +2.0% |
| 2024 | −4.0% | +6.7% | +3.1% | +0.3% | +1.5% | +4.5% | −0.8% | +2.4% | +4.1% | −1.5% | −2.6% | −1.9% |
| 2023 | +12.3% | −7.2% | +4.7% | −3.8% | −2.8% | +3.1% | +4.9% | −6.0% | −4.3% | −3.3% | +7.5% | +1.5% |
| 2022 | −6.1% | −6.1% | −4.1% | −7.7% | +2.3% | −5.4% | −1.4% | −1.6% | −13.7% | −4.0% | +17.2% | −2.3% |
| 2021 | — | — | — | — | — | 0.0% | 0.0% | +3.6% | −5.5% | +2.2% | −4.9% | −1.6% |
FRIEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 19.29%
- 3-year Sharpe ratio: 1.29 (vs 4.5% risk-free rate)
- Best month: +16.75% (Apr 2026)
- Worst month: −10.95% (Mar 2026)
FRIEX Fund Flows
Monthly money in and out of Federated Hermes Emerging Markets Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $4.4M
- 12-month gross sales (incl. reinvestments): $19.3M
- Sales ÷ redemptions: 1.29×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.5M | $1.3M | $1.2M |
| Apr 2026 | $1.3M | $1.1M | $121K |
| Mar 2026 | $8.2M | $2.8M | $5.4M |
| Feb 2026 | $1.7M | $1.1M | $642K |
| Jan 2026 | $2.3M | $1.2M | $1.1M |
| Dec 2025 | $1.1M | $867K | $245K |
| Nov 2025 | $311K | $2.2M | −$1.9M |
| Oct 2025 | $526K | $1.1M | −$609K |
| Sep 2025 | $469K | $990K | −$521K |
| Aug 2025 | $335K | $705K | −$371K |
| Jul 2025 | $327K | $754K | −$426K |
| Jun 2025 | $261K | $721K | −$460K |
FRIEX Assets Under Management
Net assets of Federated Hermes Emerging Markets Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $75.07M |
| 2026-02-28 | $55.84M |
| 2025-11-30 | $46.31M |
| 2025-08-31 | $45.41M |
| 2025-05-31 | $41.96M |
| 2025-02-28 | $38.49M |
| 2024-11-30 | $42.55M |
| 2024-08-31 | $41.91M |
| 2024-05-31 | $43.13M |
| 2024-02-29 | $48.07M |
| 2023-11-30 | $56.35M |
| 2023-08-31 | $65.55M |
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.