Federated Hermes Emerging Markets Equity Fund (PIEFX)

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Federated Hermes Emerging Markets Equity Fund (PIEFX) is up 39.0% since the beginning of the year. PIEFX is currently trading at $28 per share. Investors who bought $1,000 worth of PIEFX shares 5 years ago would now be looking at an investment worth $1,441.

Federated Hermes Emerging Markets Equity Fund (PIEFX) has returned 39.02% so far this year and 69.96% over the past 12 months.

Based on dividend-adjusted daily data since Mar 31, 2017, PIEFX's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +17.2%, while the worst month was Mar 2020 at -15.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PIEFX closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +6.5%, while the worst single day was Mar 16, 2020 at -12.6%.

Federated Hermes Emerging Markets Equity Fund has an annualized alpha of 3.24%, beta of 0.75, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since April 03, 2017.

• This fund participated in 91.45% of S&P 500 Index downside but only 89.77% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.50 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

PIEFX has a high expense ratio of 0.98%, indicating above-average management fees.

PIEFX ranks 93 for risk / return — in the top 93% 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.

The table below present risk-adjusted performance metrics for Federated Hermes Emerging Markets Equity Fund (PIEFX) and compare them to S&P 500 Index.

Federated Hermes Emerging Markets Equity Fund provided a 1.22% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Emerging Markets Equity 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 Markets 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 Emerging Markets Equity Fund was 48.43%, occurring on Oct 24, 2022. Recovery took 791 trading sessions.

The current Federated Hermes Emerging Markets Equity Fund drawdown is 0.07%.

The chart below shows the rolling one-month volatility.