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Federated Hermes SDG Engagement Equity Fund
mutual fund
FHERX
Payout Change
Pending
Price as of:
$13.55
+0.1
+0.74%
primary theme
N/A
share class
FHERX (Mutual Fund)
Federated Hermes SDG Engagement Equity Fund
Payout Change
Pending
Price as of:
$13.55
+0.1
+0.74%
primary theme
N/A
share class
FHERX (Mutual Fund)
Federated Hermes SDG Engagement Equity Fund
Payout Change
Pending
Price as of:
$13.55
+0.1
+0.74%
primary theme
N/A
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
-0.4%
1 yr return
0.1%
3 Yr Avg Return
0.0%
5 Yr Avg Return
N/A
Net Assets
$102 M
Holdings in Top 10
27.2%
52 WEEK LOW AND HIGH
$13.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
FHERX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.28%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFederated Hermes SDG Engagement Equity Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJun 11, 2021
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHamish Galpin
Fund Description
The Fund pursues its investment objective of long-term capital appreciation alongside positive societal impact by investing, under normal circumstances, at least 80% of its net assets in equity securities.In seeking to achieve its objective, the Fund may invest its assets in companies of all capitalizations; however, the Fund’s investment adviser or sub-adviser (as applicable, the “Adviser”) anticipates that the Fund will be primarily invested in equity securities and equity-related securities (such as depositary receipts) of small- and mid-capitalization companies in both the United States and foreign markets (including emerging markets).The Fund may also invest in and gain exposure to securities of other investment companies, real estate investment trusts (REITs), and money market funds including funds advised by the Adviser or its affiliates.In managing the assets of the Fund, the Adviser will seek to invest in companies that, in its view, provide the potential for long-term capital appreciation while also contributing to positive societal impact aligned to the United Nations Sustainable Development Goals (the “UN Sustainable Development Goals”) (as outlined in further detail below).1 It will do so by performing bottom-up fundamental analysis of financial criteria such as balance sheet quality, franchise value (i.e., brand strength and sustainability of the business model), and quality of management. The review process may include analysis of financial statements, meetings with management, consideration of the general economic environment in which the company operates, structural growth potential of the relevant industry segment and other relevant factors which allow the Adviser to assess the intrinsic value of a company, and a comparison to the market valuation, as reflected in the current share price. The Adviser also will use standard accounting methodologies to assess the growth prospects of a company by estimating its future operating cash flow less capital expenditures (adjusted for the time value of money). The Adviser believes this analysis may help determine whether the companies may provide the potential for long-term capital appreciation, notwithstanding that equities of such companies may, at the time of purchase, be undervalued.1Please refer to https://sustainabledevelopment.un.org/?menu=1300 for further information on the United Nations Sustainable Development Goals.In addition to fundamental financial indicator criteria, the Adviser may consider engagement criteria such as assessment of company management competence, integrity and vision, as well as exposure to one or multiple UN Sustainable Development Goals.The Adviser intends to invest in small- and mid-capitalization companies that it believes will implement UN Sustainable Development Goals aligned practices. The Adviser will utilize bottom-up analysis of companies’ respective supply chains, direct operations, products and services to identify those businesses with the best opportunity for improvement in areas such as water and energy conservation.The Fund will not be subject to any limitation on the types of companies in which it may invest (either in terms of industry or focus) so long as these companies are viewed by the Adviser to provide the potential for long-term capital appreciation while also contributing to positive societal impact aligned to the UN Sustainable Development Goals. The Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity securities. 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 investments in equity securities.Portfolio TurnoverThe Fund actively trades its portfolio securities in an attempt to achieve its investment objective, although the Fund expects to have low portfolio turnover. Active trading may cause the Fund to have an increased portfolio turnover rate and increase the Fund’s trading costs, which may have an adverse impact on the Fund’s performance. An active trading strategy may result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.
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FHERX - Performance
Return Ranking - Trailing
| Period | FHERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -44.3% | 9.5% | 18.59% |
| 1 Yr | 0.1% | -51.1% | 24.7% | 21.29% |
| 3 Yr | 0.0%* | -6.4% | 28.0% | 76.35% |
| 5 Yr | N/A* | -4.2% | 18.3% | N/A |
| 10 Yr | N/A* | 1.0% | 13.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FHERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.1% | -50.5% | 18.8% | N/A |
| 2022 | -18.7% | -27.4% | 103.5% | N/A |
| 2021 | N/A | 3.5% | 66.4% | N/A |
| 2020 | N/A | -64.5% | 5.6% | N/A |
| 2019 | N/A | -9.3% | 49.7% | N/A |
Total Return Ranking - Trailing
| Period | FHERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -44.3% | 9.5% | 16.67% |
| 1 Yr | 0.1% | -51.1% | 24.7% | 20.00% |
| 3 Yr | 0.0%* | -6.4% | 28.0% | 71.62% |
| 5 Yr | N/A* | -4.2% | 18.3% | N/A |
| 10 Yr | N/A* | 1.0% | 13.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FHERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.3% | -50.6% | 18.8% | N/A |
| 2022 | -18.4% | -27.4% | 103.5% | N/A |
| 2021 | N/A | 3.5% | 66.4% | N/A |
| 2020 | N/A | -64.5% | 5.6% | N/A |
| 2019 | N/A | -9.3% | 53.2% | N/A |
NAV & Total Return History
FHERX - Holdings
Concentration Analysis
| FHERX | Category Low | Category High | FHERX % Rank | |
|---|---|---|---|---|
| Net Assets | 102 M | 2.31 M | 71.6 B | 71.88% |
| Number of Holdings | 53 | 31 | 9561 | 78.13% |
| Net Assets in Top 10 | 29.3 M | 452 K | 5.44 B | 67.50% |
| Weighting of Top 10 | 27.21% | 4.2% | 63.4% | 34.38% |
Top 10 Holdings
- Reinsurance Group of America Inc 3.01%
- Yaoko Co Ltd 2.83%
- Trelleborg AB 2.79%
- PTC Inc 2.79%
- CLEAN HARBORS INC 2.77%
- Techtronic Industries Co Ltd 2.71%
- STERIS PLC 2.61%
- Wintrust Financial Corp 2.60%
- AptarGroup Inc 2.55%
- RPM International Inc 2.54%
Asset Allocation
| Weighting | Return Low | Return High | FHERX % Rank | |
|---|---|---|---|---|
| Stocks | 98.80% | 40.59% | 104.41% | 6.25% |
| Cash | 1.20% | -4.41% | 47.07% | 88.75% |
| Preferred Stocks | 0.00% | 0.00% | 1.04% | 43.75% |
| Other | 0.00% | -7.94% | 19.71% | 58.13% |
| Convertible Bonds | 0.00% | 0.00% | 7.55% | 36.88% |
| Bonds | 0.00% | 0.00% | 8.07% | 38.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FHERX % Rank | |
|---|---|---|---|---|
| Industrials | 18.96% | 0.00% | 53.77% | 63.75% |
| Consumer Cyclical | 16.09% | 0.00% | 71.20% | 23.13% |
| Healthcare | 15.18% | 0.00% | 28.38% | 33.13% |
| Basic Materials | 10.19% | 0.00% | 26.39% | 15.63% |
| Financial Services | 9.45% | 0.00% | 75.07% | 57.50% |
| Technology | 9.35% | 0.00% | 93.40% | 87.50% |
| Real Estate | 7.96% | 0.00% | 43.48% | 18.13% |
| Consumer Defense | 5.24% | 0.00% | 52.28% | 41.88% |
| Energy | 3.34% | 0.00% | 36.56% | 26.25% |
| Utilities | 2.35% | 0.00% | 70.33% | 29.38% |
| Communication Services | 1.89% | 0.00% | 23.15% | 70.63% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FHERX % Rank | |
|---|---|---|---|---|
| US | 52.54% | 6.76% | 79.19% | 21.88% |
| Non US | 46.26% | 12.39% | 83.06% | 55.00% |
FHERX - Expenses
Operational Fees
| FHERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.20% | 0.43% | 2.93% | 79.38% |
| Management Fee | 0.75% | 0.30% | 1.25% | 39.38% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.03% | 0.15% | 66.04% |
Sales Fees
| FHERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FHERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| FHERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 13.00% | 7.00% | 145.00% | 5.93% |
FHERX - Distributions
Dividend Yield Analysis
| FHERX | Category Low | Category High | FHERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.99% | 0.00% | 14.18% | 6.25% |
Dividend Distribution Analysis
| FHERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| FHERX | Category Low | Category High | FHERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.28% | -1.92% | 6.98% | 30.57% |
Capital Gain Distribution Analysis
| FHERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2023 | $0.134 | OrdinaryDividend |
| Dec 19, 2023 | $0.004 | CapitalGainShortTerm |
| Dec 19, 2022 | $0.044 | OrdinaryDividend |
| Dec 20, 2021 | $0.102 | OrdinaryDividend |
FHERX - Fund Manager Analysis
Managers
Hamish Galpin
Start Date
Tenure
Tenure Rank
Nov 01, 2018
3.58
3.6%
Hamish is the Head of the Small & Mid Cap boutique and has led it since its creation in 2007. He has been at Hermes since 1995 when he joined as co-manager of the UK smaller companies strategies; he served as lead manager from January 1997 to April 2010. Since the founding of the team, Hamish has gradually assumed a more global perspective, with oversight of the holdings across all of the team's strategies, and he is now lead manager of the Global Small Cap strategy. He has a background in credit, having started his career in the energy and natural resources division of NatWest Bank, and later moving to Bankers Trust as a credit analyst covering European corporates. He has BEng (Hons) in Civil Engineering from Nottingham University and is a former director of the Hermes Group (DB) Pension Scheme. Hamish also sits on the Hermes Governance Group, which monitors the Hermes (DC) pension scheme.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.6 | 7.02 | 9.33 |
