ISCIX Fees and Costs — Federated Hermes International Small-Mid Company Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 0.99%: a 0.90% management fee plus 0.36% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $435K in broker commissions, 0.1334% of average net assets, and portfolio turnover was 39%.
ISCIX Fees and Expenses
Annual operating expenses and sales charges of ISCIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
ISCIX Costs Over Time
On $10,000 invested in ISCIX, assuming 5% a year before costs, total costs come to $701 over 5 years, cutting the return by 1.18% 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 0.99%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $14 | $44 | $76 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $386 | $701 |
| Value after costs | $10,382 | $11,190 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
ISCIX 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): 0.1334%
- Total broker commissions: $435K
- Bought from dealers (principal trades, not a cost): $246.7M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $73K (0.022% of average net assets)
ISCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $174K | 45.20% |
| Jefferies LLC | $55K | 14.30% |
| Liquidnet, Inc. | $52K | 13.41% |
| J.P. Morgan Securities LLC | $29K | 7.46% |
| Berenberg Capital Markets LLC | $18K | 4.77% |
| Barclays Capital Inc. | $14K | 3.58% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $13K | 3.34% |
| Citigroup Global Markets Inc | $13K | 3.33% |
| UBS Securities LLC | $10K | 2.69% |
| BNP Paribas Securities Corp. | $7K | 1.91% |
ISCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp | $240.0M | 97.25% |
| Berenberg Capital Markets LLC | $2.4M | 0.97% |
| Goldman Sachs & Co. LLC | $1.5M | 0.63% |
| Oddo BHF New York Corporation | $1.0M | 0.42% |
| Jefferies LLC | $857K | 0.35% |
| BNY Mellon Capital Markets, LLC | $626K | 0.25% |
| UBS Securities LLC | $328K | 0.13% |
Federated Hermes International Small-Mid Company Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ISCIX | Institutional Shares | 0.99% | none |
| ISCAX | Class A | 1.24% | 5.50% |
| ISCCX | Class C | 1.99% | 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.