- CUSIP
- 31428U631
- Issuer
- Federated
- Inception Date
- Feb 28, 1996
- Category
- Foreign Small & Mid Cap Equities
- Index Tracked
- MSCI ACWI ex USA SMID Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ISCIX Performance Chart
Federated Hermes International Small-Mid Company Fund IS (ISCIX) is up 12.1% since the beginning of the year. ISCIX is currently trading at $56 per share. Investors who bought $1,000 worth of ISCIX shares 5 years ago would now be looking at an investment worth $1,366.
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Returns By Period
Federated Hermes International Small-Mid Company Fund IS (ISCIX) has returned 12.10% so far this year and 22.09% over the past 12 months. Over the last ten years, ISCIX has returned 10.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Federated Hermes International Small-Mid Company Fund IS
- 1D
- 0.00%
- 1M
- 4.26%
- YTD
- 12.10%
- 6M
- 14.50%
- 1Y
- 22.09%
- 3Y*
- 18.44%
- 5Y*
- 6.44%
- 10Y*
- 10.32%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ISCIX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2008, ISCIX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +16.8%, while the worst month was Oct 2008 at -27.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ISCIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.5%, while the worst single day was Mar 12, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.73% | 3.15% | -9.39% | 8.69% | 4.17% | -0.75% | 12.10% | ||||||
| 2025 | 6.68% | 0.19% | 1.20% | 5.22% | 7.73% | 4.69% | -1.02% | 2.92% | 2.10% | -1.49% | -0.10% | 2.24% | 34.34% |
| 2024 | -2.03% | 4.08% | 5.52% | -3.30% | 4.48% | -2.18% | 3.33% | 2.43% | 1.66% | -4.68% | 1.37% | -4.36% | 5.73% |
| 2023 | 8.63% | -2.60% | 0.79% | 1.81% | -2.88% | 3.98% | 2.93% | -3.46% | -4.64% | -4.96% | 8.59% | 5.24% | 12.85% |
| 2022 | -9.41% | -3.71% | 0.08% | -7.78% | 0.98% | -10.19% | 6.55% | -5.42% | -9.94% | 6.81% | 11.00% | -2.53% | -23.42% |
| 2021 | -2.13% | 1.39% | -0.11% | 5.83% | 2.52% | -0.06% | 2.28% | 3.82% | -4.54% | 1.80% | -7.08% | 3.11% | 6.25% |
Benchmark Metrics
Federated Hermes International Small-Mid Company Fund IS has an annualized alpha of -1.72%, beta of 0.87, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since April 01, 2008.
- This fund participated in 113.57% of S&P 500 Index downside but only 98.78% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.72%
- Beta
- 0.87
- R²
- 0.70
- Upside Capture
- 98.78%
- Downside Capture
- 113.57%
Expense Ratio
ISCIX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ISCIX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes International Small-Mid Company Fund IS (ISCIX) and compare them to S&P 500 Index.
| ISCIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 2.24 | -0.65 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.07 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.93 | -0.94 |
Martin ratioReturn relative to average drawdown | 7.51 | 13.52 | -6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Federated Hermes International Small-Mid Company Fund IS provided a 6.65% dividend yield over the last twelve months, with an annual payout of $3.70 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.70 | $3.70 | $0.00 | $0.40 | $0.35 | $3.47 | $2.54 | $1.80 | $4.44 | $2.61 | $0.29 | $4.34 |
Dividend yield | 6.65% | 7.45% | 0.00% | 1.05% | 1.04% | 7.82% | 5.64% | 4.97% | 15.45% | 6.38% | 0.90% | 12.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes International Small-Mid Company Fund IS. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.70 | $3.70 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $0.40 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.47 | $3.47 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes International Small-Mid Company Fund IS. 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 International Small-Mid Company Fund IS was 62.00%, occurring on Nov 20, 2008. Recovery took 1211 trading sessions.
The current Federated Hermes International Small-Mid Company Fund IS drawdown is 0.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -62.00%Nov 2008 | 6mo 4d | 4y 10mo | 5y 4moMay 2008 - Sep 2013 |
Bear market2022 | -40.17%Sep 2022 | 1y 19d | 2y 7mo | 3y 8moSep 2021 - May 2025 |
COVID crash2020 | -33.63%Mar 2020 | 1mo 9d | 3mo 15d | 4mo 24dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -26.72%Dec 2018 | 10mo 29d | 1y 9d | 1y 11moJan 2018 - Jan 2020 |
2016 bear market2016 | -22.29%Feb 2016 | 8mo 29d | 1y 3mo | 2y 15dMay 2015 - Jun 2017 |
Drawdown Indicators
| ISCIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.00% | -56.78% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -9.10% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -18.90% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -25.43% | -14.74% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -33.92% | -6.25% |
Current DrawdownCurrent decline from peak | -0.75% | -0.74% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -10.72% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 1.97% | +1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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