IHICX Performance — Federated Hermes Emerging Market Debt Fund, Class C
Data updated: 2026-07-27
IHICX returned +2.68% year to date and +14.82% over one year to May 2026. Annualised returns are +12.14% over 3 years and +2.71% over 5 years. The fund beat its Emerging Markets Bond category average: $100 invested three years ago grew to $141, against $131 for the category, and to $115 over one year, against $112. Volatility over the past three years was 7.28% a year. In the 12 months to May 2026 the fund took in a net $9.4M, and assets reached $27.18M.
IHICX Growth of $100
What $100 invested in Federated Hermes Emerging Market Debt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Bond category average over the same months.
| Period | IHICX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $115 | $112 |
| 3 years (Jun 2023 – May 2026) | $141 | $131 |
| 5 years (Jun 2021 – May 2026) | $114 | $115 |
| Since data start (Sep 2019 – May 2026) | $125 | $124 |
IHICX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.68% |
| 1 year | +14.82% |
| 3 years (annualised) | +12.14% |
| 5 years (annualised) | +2.71% |
IHICX Annual Returns
Calendar-year total returns of Federated Hermes Emerging Market Debt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.68% |
| 2025 | +16.06% |
| 2024 | +5.36% |
| 2023 | +13.74% |
| 2022 | −16.85% |
| 2021 | −3.98% |
| 2020 | +4.91% |
| 2019 (Sep–Dec) | +4.55% |
IHICX 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 | +1.8% | +0.8% | −4.6% | +3.5% | +1.3% | — | — | — | — | — | — | — |
| 2025 | +1.8% | +1.0% | −0.9% | 0.0% | +1.8% | +2.6% | +1.1% | +2.2% | +2.0% | +1.3% | +0.6% | +1.5% |
| 2024 | −0.6% | +0.5% | +2.2% | −1.9% | +1.5% | −0.4% | +1.8% | +2.7% | +2.1% | −2.3% | +1.3% | −1.5% |
| 2023 | +4.2% | −3.5% | +1.2% | +0.2% | −0.8% | +4.5% | +2.6% | −2.1% | −2.3% | −0.3% | +5.7% | +3.9% |
| 2022 | −1.5% | −5.0% | −3.1% | −3.8% | −0.3% | −7.0% | +1.7% | +0.5% | −6.1% | −0.1% | +6.8% | +0.6% |
| 2021 | −0.8% | −1.3% | −2.1% | +2.5% | +1.5% | −0.1% | −0.1% | +0.7% | −2.0% | −1.1% | −2.5% | +1.3% |
| 2020 | +0.8% | −1.6% | −14.9% | +3.9% | +5.9% | +3.0% | +2.6% | +0.7% | −1.3% | +0.1% | +4.8% | +2.6% |
| 2019 | — | — | — | — | — | — | — | — | +0.9% | +1.8% | −1.0% | +2.8% |
IHICX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.28%
- 3-year Sharpe ratio: 1.05 (vs 4.5% risk-free rate)
- Best month: +5.71% (Nov 2023)
- Worst month: −4.62% (Mar 2026)
IHICX Fund Flows
Monthly money in and out of Federated Hermes Emerging Market Debt Fund, from SEC Form N-PORT.
- 12-month net flow: $9.4M
- 12-month gross sales (incl. reinvestments): $13.7M
- Sales ÷ redemptions: 3.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $514K | $232K | $282K |
| Apr 2026 | $1.1M | $297K | $762K |
| Mar 2026 | $659K | $465K | $194K |
| Feb 2026 | $4.5M | $294K | $4.2M |
| Jan 2026 | $666K | $1.2M | −$540K |
| Dec 2025 | $685K | $340K | $344K |
| Nov 2025 | $487K | $252K | $235K |
| Oct 2025 | $620K | $228K | $392K |
| Sep 2025 | $951K | $141K | $810K |
| Aug 2025 | $2.2M | $192K | $2.0M |
| Jul 2025 | $1.2M | $506K | $710K |
| Jun 2025 | $74K | $164K | −$90K |
IHICX Assets Under Management
Net assets of Federated Hermes Emerging Market Debt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $27.18M |
| 2026-02-28 | $26.24M |
| 2025-11-30 | $21.45M |
| 2025-08-31 | $19.18M |
| 2025-05-31 | $15.55M |
| 2025-02-28 | $15.54M |
| 2024-11-30 | $15.71M |
| 2024-08-31 | $16.08M |
| 2024-05-31 | $16.87M |
| 2024-02-29 | $17.27M |
| 2023-11-30 | $17.75M |
| 2023-08-31 | $17.44M |
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.