HIERX Fees and Costs — Federated Hermes International Developed Equity Fund, Class R6
Data updated: 2024-02-09
The net expense ratio is 0.73%: a 0.70% management fee plus 0.82% other expenses, less a 0.79% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
HIERX Fees and Expenses
Annual operating expenses and sales charges of HIERX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.82% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.79% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
HIERX Costs Over Time
On $10,000 invested in HIERX, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 |
| Fund expenses (net expense ratio 0.73%) | $77 | $240 | $417 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
HIERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
HIERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $1K | 28.16% |
| Jefferies LLC | $881 | 18.56% |
| Credit Suisse Securities (USA) LLC | $756 | 15.92% |
| RBC Capital Markets, LLC | $522 | 10.99% |
| ABG, LLC | $367 | 7.73% |
| Credit Agricole Securities (USA) Inc. | $301 | 6.35% |
| Nordea Bank AB | $191 | 4.02% |
| Berenberg Capital Markets LLC | $141 | 2.97% |
| DNB MARKETS, INC. | $135 | 2.84% |
| VIRTU Americas LLC | $117 | 2.46% |
HIERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $346K | 100.00% |
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.