PMIEX Fees and Costs — Federated Hermes International Equity Fund, Class A
Data updated: 2026-08-11
The net expense ratio is 1.19% (1.90% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.3283% of average net assets, and portfolio turnover was 88%.
PMIEX Fees and Expenses
Annual operating expenses and sales charges of PMIEX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.90% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
PMIEX Costs Over Time
On $10,000 invested in PMIEX, assuming 5% a year before costs, total costs come to $1,590 over 5 years, cutting the return by 2.76% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.19%) | $118 | $366 | $632 |
| Trading costs (broker commissions) | $33 | $101 | $174 |
| Lost growth on money paid in costs | $28 | $110 | $234 |
| Total costs | $728 | $1,127 | $1,590 |
| Value after costs | $9,772 | $10,449 | $11,173 |
| Impact on return, per year | 7.28% | 3.53% | 2.76% |
PMIEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.3283%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $751.8M
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
PMIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $541K | 53.84% |
| Liquidnet, Inc. | $154K | 15.35% |
| Jefferies LLC | $62K | 6.21% |
| Barclays Capital Inc. | $51K | 5.05% |
| KEEFE BRUYETTE AND WOODS INC. | $46K | 4.59% |
| J.P. Morgan Securities LLC | $35K | 3.45% |
| BNP Paribas Securities Corp. | $33K | 3.25% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $32K | 3.16% |
| Korea Investment Management Co., LTD | $27K | 2.67% |
| Citigroup Global Markets Inc | $24K | 2.42% |
PMIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp | $751.5M | 99.97% |
| BNY Mellon Capital Markets, LLC | $248K | 0.03% |
Federated Hermes International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PEIRX | Class R6 | 0.90% | none |
| PIUIX | Institutional Shares | 0.94% | none |
| PMIEX | Class A | 1.19% | 5.50% |
| PIUCX | 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.