Federated Hermes Emerging Market Debt Fund (IHIAX)

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Federated Hermes Emerging Market Debt Fund (IHIAX) is up 3.3% since the beginning of the year. IHIAX is currently trading at $9 per share. Investors who bought $1,000 worth of IHIAX shares 5 years ago would now be looking at an investment worth $1,189.

Federated Hermes Emerging Market Debt Fund (IHIAX) has returned 3.25% so far this year and 14.69% over the past 12 months. Over the last ten years, IHIAX has returned 3.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 1, 1996, IHIAX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2009 with a return of +8.5%, while the worst month was Oct 2008 at -22.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, IHIAX closed higher 47% of trading days. The best single day was Nov 4, 2008 with a return of +3.3%, while the worst single day was Oct 22, 2008 at -5.8%.

Federated Hermes Emerging Market Debt Fund has an annualized alpha of 5.48%, beta of 0.11, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since October 01, 1996.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (42.30%) than losses (38.79%) - typical of diversified or defensive assets.
• Beta of 0.11 may look defensive, but with R2 of 0.10 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.10 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IHIAX has a high expense ratio of 1.18%, indicating above-average management fees.

IHIAX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Federated Hermes Emerging Market Debt Fund provided a 2.18% dividend yield over the last twelve months, with an annual payout of $0.20 per share.

The table displays the monthly dividend distributions for Federated Hermes Emerging Market Debt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Emerging Market Debt 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 Emerging Market Debt Fund was 36.42%, occurring on Oct 27, 2008. Recovery took 192 trading sessions.

The current Federated Hermes Emerging Market Debt Fund drawdown is 0.55%.

The chart below shows the rolling one-month volatility.