HIERX — Federated Hermes International Developed Equity Fund
Data updated: 2024-02-09
HIERX — Federated Hermes International Developed Equity Fund. Global (incl. US) Value Equity · $1.58M AUM. Holdings, fees, performance and SEC filings.
HIERX Fund Overview
HIERX — Federated Hermes International Developed Equity Fund is a US mutual fund managed by Federated Hermes Adviser Series, categorised as Global (incl. US) Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Adviser Series
- Category: Global (incl. US) Value Equity
- Assets under management: $1.58M
- 1-year return: -14.0%
- Ticker: HIERX
- SEC CIK: 0001707560
- SEC series ID: S000065852
- Share class ID: C000212739
HIERX Investment Objective and Strategy
Federated Hermes International Developed Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Adviser Series.
Investment objective
The Funds investment objective is to provide long-term capital appreciation. The objective may be changed by the Funds Board of Trustees (the Trustees) without shareholder approval.
Principal investment strategy
The Fund pursues its investment objective of long-term capital appreciation by investing typically in large-cap equity securities (i.e., companies with market capitalizations greater than $10 billion) that are quoted or traded on regulated markets worldwide (excluding North America) and component securities of the MSCI EAFE Index or equity securities of companies listed in the countries referenced in this index. The Fund will invest at least two-thirds of its assets in these securities. The Fund will be an actively managed portfolio using a disciplined fundamental stock-selection process based on well documented market anomalies. The Funds investment adviser or sub-adviser (as applicable, the Adviser) will use a proprietary quantitative model which captures systematic behavioral biases of market participants in order to generate returns for the Fund.
The Funds investments will be selected based on the output of this model and will favor equity securities which have a combination of proven fundamental characteristics. Companies with a competitive advantage and a sustainable business model are sought after as they are more likely to offer visibility of earnings growth. In addition, the Adviser believes that companies that are well governed are more likely to avoid unforeseeable negative impacts and targets such companies. The Adviser believes that choosing stocks that demonstrate a combination of these characteristics will allow the Fund to hold stocks over the long-term. The Adviser employs a disciplined subjective analysis that assesses the models effectiveness. As part of the strategys assessment of quality and its approach to risk management, risks associated with a companys approach to environmental, social and governance (ESG) issues, among other factors, are actively assessed.
The Adviser considers data on Federated Hermes proprietary ESG Dashboard, which contains a wide range of ESG factors and ranks companies on their behaviors versus peers. In making its investment decisions, the Adviser will seek to consider ESG issues with regards to the holding of either individual securities or various categories or classes of securities. These ESG considerations are intended to provide guidance on achieving best practice standards of corporate governance and equity stewardship in order to make informed investment decisions. The Fund will invest in a diversified portfolio of equities (such as common and/or preferred stock and/or rights/warrants) and/or equity-related instruments (such as depositary receipts) of, or relating to companies in, or that derive a large proportion of their revenue from, international developed markets .
Investment in or exposure to such securities will be on a long-only basis. The Fund may invest in other investment companies and futures contracts to implement elements of its investment strategy, including for cash flow management, cost effectiveness, and gaining exposure to certain markets and securities in a quicker and/or more efficient manner. These investments will be on a long-only basis. There can be no assurance that the Funds use of futures contracts will work as intended. Futures contract investments made by the Fund are included within the Funds 80% policy (as described below) and are calculated at market value. The Fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity securities of developed markets.
The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would permit the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in equity securities of developed markets.
HIERX Performance
Total returns for HIERX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -14.0% |
HIERX Risk Information
Risk metrics for HIERX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 34.3%
HIERX Costs and Fees
HIERX costs about $73 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.73%
- Gross expense ratio: 1.52%
- Portfolio turnover: 20%
HIERX Cashflows
Over the 12 months to 2023-02, Federated Hermes International Developed Equity Fund had net inflows of $19.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-02 | $0 |
| 2023-01 | $10.60K |
| 2022-12 | $12.51K |
| 2022-11 | $5.87K |
| 2022-10 | $4.71K |
| 2022-09 | $13.13M |
HIERX Debt Constituents
No individual debt constituents are reported in Federated Hermes International Developed Equity Fund's latest SEC N-PORT filing.
HIERX Prospectus and SEC Filings
Official Federated Hermes International Developed Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-25
- Prospectus (485BPOS) — filed 2022-01-26
- Prospectus (485BPOS) — filed 2021-06-10
- Portfolio holdings (N-PORT) — filed 2023-04-21
- Portfolio holdings (N-PORT) — filed 2023-01-24
- Portfolio holdings (N-PORT) — filed 2022-10-24
- Annual census (N-CEN) — filed 2024-02-09
- Annual census (N-CEN) — filed 2023-02-10
Related Funds
Other Global (incl. US) Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.