Federated Hermes Global Equity Fund (FHGIX)
The fund pursues its investment objective of long-term capital appreciation by investing typically in large-cap equity securities of companies domiciled in, or that derive a large proportion of their revenue from, global developed and emerging markets. It 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 to non-U.S. investments.
Fund Info
| ISIN | US31423A7054 |
|---|---|
| CUSIP | 31423A705 |
| Issuer | Federated |
| Inception Date | Apr 22, 2019 |
| Category | Global Equities |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FHGIX has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Global Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Global Equity Fund had a return of 11.76% year-to-date (YTD) and 24.25% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.76% | 11.29% |
| 1 month | 5.30% | 4.87% |
| 6 months | 19.30% | 17.88% |
| 1 year | 24.25% | 29.16% |
| 5 years (annualized) | 10.32% | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of FHGIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.92% | 5.01% | 3.11% | -3.89% | 11.76% | ||||||||
| 2023 | 8.22% | -3.72% | 2.10% | 1.81% | -1.29% | 4.74% | 2.65% | -3.19% | -4.24% | -2.38% | 9.33% | 5.11% | 19.53% |
| 2022 | -5.70% | -3.58% | 1.17% | -8.50% | 0.71% | -8.98% | 6.61% | -5.07% | -10.35% | 6.81% | 8.50% | -5.47% | -23.31% |
| 2021 | -0.93% | 2.73% | 2.43% | 4.01% | 1.07% | 1.62% | 1.25% | 2.81% | -4.87% | 5.05% | -2.40% | 4.00% | 17.59% |
| 2020 | -1.67% | -7.53% | -11.71% | 10.73% | 4.58% | 3.39% | 6.55% | 5.70% | -2.82% | -2.20% | 11.07% | 5.49% | 20.54% |
| 2019 | 0.40% | -6.87% | 6.74% | 0.30% | -2.00% | 1.53% | 2.71% | 2.25% | 3.80% | 8.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FHGIX is 68, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FHGIX (Federated Hermes Global Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Global Equity Fund (FHGIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Global Equity Fund granted a 1.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.14 | $0.11 | $0.09 | $0.06 |
Dividend yield | 1.02% | 1.14% | 1.23% | 0.70% | 0.67% | 0.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Global Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2019 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Global Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Global Equity Fund was 32.04%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.04% | Feb 13, 2020 | 27 | Mar 23, 2020 | 89 | Jul 29, 2020 | 116 |
| -30.46% | Nov 10, 2021 | 232 | Oct 12, 2022 | 360 | Mar 20, 2024 | 592 |
| -7.39% | Sep 3, 2020 | 15 | Sep 24, 2020 | 30 | Nov 5, 2020 | 45 |
| -6.87% | May 6, 2019 | 19 | May 31, 2019 | 21 | Jul 1, 2019 | 40 |
| -6.48% | Jul 25, 2019 | 15 | Aug 14, 2019 | 51 | Oct 25, 2019 | 66 |
Volatility
Volatility Chart
The current Federated Hermes Global Equity Fund volatility is 3.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.