IHIAX Fees and Costs — Federated Hermes Emerging Market Debt Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.19%: a 0.85% management fee plus 2.45% other expenses, less a 2.11% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $47 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 59%.
IHIAX Fees and Expenses
Annual operating expenses and sales charges of IHIAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.45% |
| Gross expense ratio | 3.30% |
| Fee waiver | −2.11% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
IHIAX Costs Over Time
On $10,000 invested in IHIAX, assuming 5% a year before costs, total costs come to $1,283 over 5 years, cutting the return by 2.20% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.19%) | $119 | $372 | $643 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $22 | $89 | $189 |
| Total costs | $592 | $911 | $1,283 |
| Value after costs | $9,908 | $10,665 | $11,480 |
| Impact on return, per year | 5.92% | 2.83% | 2.20% |
IHIAX 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): 0.0003%
- Total broker commissions: $47
- Bought from dealers (principal trades, not a cost): $44.1M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
IHIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $27 | 58.25% |
| Jane Street Capital, LLC | $16 | 33.94% |
| BTIG, LLC | $4 | 7.81% |
IHIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp | $21.8M | 57.84% |
| Citigroup Global Markets Inc. | $3.0M | 7.84% |
| HSBC SECURITIES (USA) INC. | $2.1M | 5.54% |
| J.P. Morgan Securities LLC | $2.0M | 5.37% |
| Morgan Stanley & Co. LLC | $1.9M | 4.91% |
| Goldman Sachs & Co. LLC | $1.6M | 4.32% |
| Santander Securities LLC | $1.4M | 3.80% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.4M | 3.73% |
| Deutsche Bank Securities, Inc. | $1.4M | 3.66% |
| BBVA SECURITIES INC. | $1.1M | 2.99% |
Federated Hermes Emerging Market Debt Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EMDIX | Institutional Shares | 0.94% | none |
| IHIAX | Class A | 1.19% | 4.50% |
| IHICX | Class C | 1.94% | 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.