Federated Hermes Emerging Market Debt Fund (IHIAX)
The investment seeks a high level of current income and capital appreciation is a secondary 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 emerging market fixed-income investments. It invests primarily in a portfolio of emerging market fixed-income investments. The fund's investments may be denominated in foreign currencies or U.S. dollars, and may be of any duration. It may invest in non-investment grade debt investments, which may offer higher yields than investment grade debt investments.
Fund Info
US31428U7717
31428U771
Oct 1, 1996
$1,500
Expense Ratio
IHIAX has a high expense ratio of 1.18%, 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 Emerging Market Debt 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 Emerging Market Debt Fund had a return of 2.59% year-to-date (YTD) and 9.63% in the last 12 months. Over the past 10 years, Federated Hermes Emerging Market Debt Fund had an annualized return of 2.70%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Emerging Market Debt Fund did not perform as well as the benchmark.
IHIAX
2.59%
1.93%
2.36%
9.63%
1.04%
2.70%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of IHIAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.94% | 2.59% | |||||||||||
| 2024 | -0.68% | 0.66% | 2.13% | -1.85% | 1.59% | -0.28% | 1.98% | 2.72% | 2.15% | -2.25% | 1.34% | -1.39% | 6.12% |
| 2023 | 4.42% | -3.51% | 1.24% | 0.25% | -0.69% | 4.54% | 2.59% | -2.00% | -2.05% | -0.36% | 5.88% | 3.93% | 14.64% |
| 2022 | -1.47% | -5.05% | -2.93% | -3.85% | -0.23% | -7.07% | 1.86% | 0.59% | -5.98% | -0.08% | 6.84% | 0.63% | -16.21% |
| 2021 | -0.77% | -1.26% | -1.98% | 2.54% | 1.56% | 0.08% | -0.14% | 0.76% | -1.91% | -1.02% | -2.39% | 1.37% | -3.24% |
| 2020 | 0.85% | -1.48% | -14.85% | 3.89% | 6.08% | 3.01% | 2.79% | 0.60% | -1.22% | 0.10% | 4.85% | 2.73% | 5.77% |
| 2019 | 4.81% | 0.23% | 0.24% | 0.47% | -0.03% | 3.60% | 0.91% | -2.54% | 0.93% | 1.84% | -0.81% | 2.77% | 12.90% |
| 2018 | 1.20% | -1.16% | -0.01% | -2.15% | -3.02% | -1.29% | 2.94% | -3.73% | 2.05% | -0.75% | -0.40% | 1.27% | -5.16% |
| 2017 | 2.34% | 2.07% | 1.17% | 0.94% | 0.32% | 0.20% | 1.50% | 1.17% | 0.33% | -0.57% | 0.16% | 0.32% | 10.36% |
| 2016 | -0.44% | 0.26% | 5.27% | 3.18% | -2.12% | 0.28% | 0.51% | 2.43% | 0.28% | -0.14% | -4.40% | 2.01% | 6.99% |
| 2015 | -0.64% | 2.28% | -0.30% | 1.91% | 0.08% | -0.65% | -0.83% | -3.38% | -4.58% | 6.07% | 0.29% | -3.18% | -3.31% |
| 2014 | -1.01% | 3.15% | 1.25% | 1.08% | 2.82% | 0.79% | -0.53% | 0.37% | -1.76% | 0.00% | -1.32% | -8.65% | -4.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 82, IHIAX is among the top 18% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Emerging Market Debt Fund (IHIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Emerging Market Debt Fund provided a 2.36% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.21 | $0.23 | $0.36 | $0.16 | $0.31 | $0.16 | $0.32 | $0.33 | $0.26 | $0.31 | $0.45 |
Dividend yield | 2.36% | 2.65% | 3.10% | 5.37% | 1.92% | 3.46% | 1.85% | 4.01% | 3.78% | 3.14% | 3.94% | 5.36% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.08 | $0.21 |
| 2023 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.00 | $0.01 | $0.01 | $0.01 | $0.04 | $0.09 | $0.23 |
| 2022 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.10 | $0.36 |
| 2021 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.06 | $0.16 |
| 2020 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 | $0.31 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.06 | $0.16 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.04 | $0.12 | $0.32 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.10 | $0.33 |
| 2016 | $0.03 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.02 | $0.26 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.04 | $0.04 | $0.10 | $0.31 |
| 2014 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.03 | $0.00 | $0.00 | $0.07 | $0.05 | $0.45 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 39.15%, occurring on Oct 27, 2008. Recovery took 218 trading sessions.
The current Federated Hermes Emerging Market Debt Fund drawdown is 0.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.15% | Dec 22, 2006 | 462 | Oct 27, 2008 | 218 | Sep 9, 2009 | 680 |
| -27.24% | Sep 16, 2021 | 278 | Oct 21, 2022 | 484 | Sep 26, 2024 | 762 |
| -23.16% | May 5, 1998 | 94 | Sep 11, 1998 | 340 | Dec 31, 1999 | 434 |
| -21.24% | May 3, 2013 | 685 | Jan 21, 2016 | 851 | Jun 10, 2019 | 1536 |
| -20.22% | Feb 24, 2020 | 21 | Mar 23, 2020 | 166 | Nov 16, 2020 | 187 |
Volatility
Volatility Chart
The current Federated Hermes Emerging Market Debt Fund volatility is 1.13%, 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.