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Trending ETFs

Federated Hermes Global Equity Fund

mutual fund
FGERX
Payout Change
Pending
Price as of:
$16.1 +0.13 +0.81%
primary theme
N/A
share class
Instl (FHGIX) R6 (FGERX)
FGERX (Mutual Fund)

Federated Hermes Global Equity Fund

Payout Change
Pending
Price as of:
$16.1 +0.13 +0.81%
primary theme
N/A
share class
Instl (FHGIX) R6 (FGERX)
FGERX (Mutual Fund)

Federated Hermes Global Equity Fund

Payout Change
Pending
Price as of:
$16.1 +0.13 +0.81%
primary theme
N/A
share class
Instl (FHGIX) R6 (FGERX)

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Global Equity Fund

FGERX | Fund

$16.10

$20.1 M

0.98%

$0.16

2.21%

Vitals

YTD Return

19.0%

1 yr return

33.8%

3 Yr Avg Return

4.8%

5 Yr Avg Return

N/A

Net Assets

$20.1 M

Holdings in Top 10

28.8%

52 WEEK LOW AND HIGH

$16.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Global Equity Fund

FGERX | Fund

$16.10

$20.1 M

0.98%

$0.16

2.21%

FGERX - Profile

Distributions

  • YTD Total Return 19.0%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Global Equity Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jun 11, 2021
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Geir Lode

Fund Description

The Fund pursues its investment objective of long-term capital appreciation by investing typically in large-cap equity securities of companies (i.e., companies with market capitalizations greater than $10 billion) domiciled in, or that derive a large proportion of their revenue from, global developed and emerging markets. The Fund will also invest in component securities of the MSCI All Country World Index or in securities of companies listed in the countries referenced in this index. The Fund will generally allocate a substantial amount of its total assets (approximately 40% or more–unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30%) to non-U.S. investments.The Fund will be an actively managed portfolio using a disciplined fundamental stock-selection process based on well documented market anomalies. The Fund’s investment adviser or sub-adviser (as applicable, the “Adviser”) will use a proprietary quantitative model which captures systematic behavioral biases of market participants in order to generate returns for the Fund. The Fund’s investments will be selected based on the output of this model and will favor equity securities which have a combination of proven fundamental characteristics. Companies with a competitive advantage and a sustainable business model are sought after as they are more likely to offer visibility of earnings growth. In addition, the Adviser believes that companies that are well governed are more likely to avoid unforeseeable negative impacts and targets such companies. The Adviser believes that choosing stocks that demonstrate a combination of these characteristics will allow the Fund to hold stocks over the long-term. The Adviser employs a disciplined subjective analysis that assesses the model’s effectiveness.As part of the strategy’s assessment of quality and its approach to risk management, risks associated with a company’s approach to environmental, social and governance (ESG) issues are actively assessed. The Adviser considers data on Federated Hermes’ proprietary ESG Dashboard, which contains a wide range of ESG factors and ranks companies on their behaviors versus peers. The Adviser’s approach to ESG integration in its investment analysis draws upon both internal and external sources.The Adviser assesses companies within its investment universe on their exposure to and management of ESG risks and assigns a weighted score for each. ESG represents governance (being the way in which the company is run), environmental issues (such as the impact on natural resources), and social issues (such as human rights). No sector or industry is excluded from the initial analysis. While the Adviser generally seeks to assess and score all companies in which the Fund invests using this ESG analysis, the Adviser may invest up to 10% of the Fund’s net assets in companies that have not been subject to ESG analysis. The Adviser’s ESG assessment favors companies with lower ESG risks and companies with good or improving ESG track records. The ESG factors are combined with the other factors of the quantitative model to determine the overall attractiveness of each company. The output from the quantitative model is analyzed by the Adviser to seek to ensure that all relevant information is accurately captured and that the Fund is not exposed to risks not otherwise identified by the quantitative model.Based on the Adviser’s ESG scoring methodology, the Adviser will generally not invest in those companies whose ESG scores are in the lowest 20% of companies in the investment universe the Adviser has analyzed. However, the Adviser may invest in companies with poor ESG scores, including those in the lowest 20% analyzed by the Adviser where the company has shown a desire to improve their ESG behaviors and can demonstrate good corporate governance practices and/or a willingness to engage on issues if they arise. The Adviser may utilize input from its affiliate, EOS at Federated Hermes, a stewardship and engagement team, to support the identification of, and engagement with, suitable companies that meet the criteria outlined above and below.These ESG considerations are intended to provide guidance to the Adviser with respect to best practice standards of corporate governance and equity stewardship in order for the Adviser to make informed investment decisions.The Fund will invest in a diversified portfolio of equities (such as common and/or preferred stock and/or rights/warrants) or equity-related instruments (such as depositary receipts) of, or relating to companies in, or that derive a large proportion of their revenue from, global developed and emerging markets. Investment in or exposure to such securities will be on a long-only basis. The Fund will not invest in companies that generate any portion of revenue from the production of controversial weapons. For purposes of this strategy, examples of controversial weapons include cluster munitions, anti-personnel mines, biological weapons and chemical weapons.The Fund may invest in other investment companies and futures contracts to implement elements of its investment strategy, including for cash flow management, cost effectiveness, and gaining exposure to certain markets and securities in a quicker or more efficient manner. These investments will be on a long-only basis. There can be no assurance that the Fund’s use of futures contracts will work as intended. Futures contract investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would permit the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in equity investments.
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FGERX - Performance

Return Ranking - Trailing

Period FGERX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% N/A N/A N/A
1 Yr 33.8% N/A N/A N/A
3 Yr 4.8%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FGERX Return Category Return Low Category Return High Rank in Category (%)
2023 18.3% N/A N/A N/A
2022 -24.2% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FGERX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% N/A N/A N/A
1 Yr 33.8% N/A N/A N/A
3 Yr 4.8%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FGERX Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% N/A N/A N/A
2022 -23.3% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

FGERX - Holdings

Concentration Analysis

FGERX Category Low Category High FGERX % Rank
Net Assets 20.1 M N/A N/A N/A
Number of Holdings 94 N/A N/A N/A
Net Assets in Top 10 6.26 M N/A N/A N/A
Weighting of Top 10 28.83% N/A N/A N/A

Top 10 Holdings

  1. Microsoft Corp 5.55%
  2. NVIDIA Corp 4.05%
  3. Novo Nordisk A/S 3.16%
  4. Apple Inc 2.91%
  5. Amazon.com Inc 2.78%
  6. Costco Wholesale Corp 2.39%
  7. ASML Holding NV 2.25%
  8. Trane Technologies PLC 2.03%
  9. Bank of America Corp 1.88%
  10. UniCredit SpA 1.84%

Asset Allocation

Weighting Return Low Return High FGERX % Rank
Stocks 		97.52% N/A N/A N/A
Cash 		2.48% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FGERX % Rank
Technology 		28.15% N/A N/A N/A
Financial Services 		16.10% N/A N/A N/A
Healthcare 		12.68% N/A N/A N/A
Communication Services 		9.36% N/A N/A N/A
Consumer Cyclical 		8.80% N/A N/A N/A
Industrials 		8.14% N/A N/A N/A
Basic Materials 		4.77% N/A N/A N/A
Consumer Defense 		4.51% N/A N/A N/A
Real Estate 		3.25% N/A N/A N/A
Energy 		2.78% N/A N/A N/A
Utilities 		1.46% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FGERX % Rank
US 		68.22% N/A N/A N/A
Non US 		29.30% N/A N/A N/A

FGERX - Expenses

Operational Fees

FGERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.21% N/A N/A N/A
Management Fee 0.65% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee 0.10% N/A N/A N/A

Sales Fees

FGERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FGERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FGERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% N/A N/A N/A

FGERX - Distributions

Dividend Yield Analysis

FGERX Category Low Category High FGERX % Rank
Dividend Yield 0.98% N/A N/A N/A

Dividend Distribution Analysis

FGERX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

FGERX Category Low Category High FGERX % Rank
Net Income Ratio 0.12% N/A N/A N/A

Capital Gain Distribution Analysis

FGERX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FGERX - Fund Manager Analysis

Managers

Geir Lode

Start Date

Tenure

Tenure Rank

Apr 23, 2019

3.11

3.1%

Geir joined the international business of Federated Hermes in May 2007 to establish the Global Equities strategy. Prior to this, he was Chairman of Bergen Yards in Bergen, Norway, where he was responsible for restructuring and focusing a holding company. Bergen Yards changed name to Bergen Group and was listed on the Oslo stock exchange in June 2007. Geir started his career in 1991 at Frank Russell, moving to Chancellor LGT and then Putnam Investments, where he was a senior vice president before returning to Norway in 2003. Geir studied Mechanical Engineering at the Norwegian Institute of Tech

Lewis Grant

Start Date

Tenure

Tenure Rank

Apr 23, 2019

3.11

3.1%

Lewis joined the international business of Federated Hermes in February 2008 as a portfolio manager on the Global Equities team. In addition to his role as portfolio manager, Lewis is responsible for designing and implementing many of the team's systems. In particular, he created our proprietary risk-modelling system, MultiFRAME, which is used across all investment teams based in London. He joined from Aon Consulting, where he worked as an actuarial consultant specialising in providing valuations and asset-liability modelling to a range of corporate and institutional clients. Lewis graduated f

Louise Dudley

Start Date

Tenure

Tenure Rank

Apr 23, 2019

3.11

3.1%

Louise joined the international business of Federated Hermes in March 2009 and leads the ESG and responsible investment research strategy within the Global Equities team. Building on her experience developing factor testing platforms and enhancing the factor modelling capabilities of the team’s systems, Louise has applied this comprehensive analysis to ESG applications. Having delivered research supporting the returns from ESG integration, this has led to the creation of innovative customised product solutions and tools fulfilling client needs. Louise originally joined the company as a member

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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