Federated Hermes Emerging Markets Equity Fund (PIEFX)
The investment seeks to provide long-term capital appreciation. The fund may make significant investments in issuers located or doing business in a single country or geographic region. It may invest in securities across all market capitalizations, and it may invest a significant portion of its assets in companies of any one particular market capitalization category. The fund will invest its assets so that at least 80% of its net assets (plus any borrowing for investment purposes) are invested in equity securities of emerging market countries.
Fund Info
US31423A5983
31423A598
Mar 30, 2017
$1,000,000
Large-Cap
Growth
Expense Ratio
PIEFX has a high expense ratio of 0.98%, 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 Markets 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 Emerging Markets Equity Fund had a return of 9.64% year-to-date (YTD) and 21.18% in the last 12 months.
PIEFX
9.64%
9.28%
7.31%
21.18%
5.66%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PIEFX, 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 | 1.85% | 9.64% | |||||||||||
| 2024 | -4.02% | 6.78% | 3.07% | 0.28% | 1.59% | 4.55% | -0.84% | 2.42% | 4.09% | -1.54% | -2.56% | -1.94% | 11.90% |
| 2023 | 12.33% | -7.18% | 4.74% | -3.83% | -2.83% | 3.13% | 4.92% | -6.06% | -4.26% | -3.29% | 7.53% | 1.47% | 4.79% |
| 2022 | -6.17% | -6.08% | -4.09% | -7.74% | 2.28% | -5.44% | -1.39% | -1.62% | -13.65% | -3.97% | 17.15% | -2.36% | -30.60% |
| 2021 | 5.46% | -0.65% | -4.51% | 5.03% | 0.95% | 6.33% | -5.16% | 3.63% | -5.54% | 2.20% | -4.85% | -1.49% | 0.31% |
| 2020 | -2.67% | -2.58% | -15.91% | 11.72% | 7.23% | 9.87% | 10.55% | 3.86% | -1.11% | 3.96% | 9.19% | 10.68% | 49.72% |
| 2019 | 9.72% | 2.37% | 1.20% | 2.96% | -7.65% | 6.41% | -0.42% | -3.61% | 0.96% | 3.80% | 0.58% | 5.74% | 23.04% |
| 2018 | 7.78% | -4.43% | 1.64% | -4.49% | -2.86% | -4.31% | -1.03% | -2.00% | -0.90% | -9.94% | 2.01% | -6.91% | -23.58% |
| 2017 | 4.90% | 5.72% | 2.43% | 5.28% | 3.93% | 1.21% | 3.42% | 1.69% | 3.16% | 36.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PIEFX is 60, indicating average performance compared to other mutual funds on our website. Here’s 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 Markets Equity Fund (PIEFX) 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 Markets Equity Fund provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.09 | $0.13 | $0.00 | $0.00 | $0.05 | $0.02 | $0.03 |
Dividend yield | 1.02% | 1.12% | 0.63% | 0.99% | 0.00% | 0.00% | 0.42% | 0.17% | 0.21% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2021 | $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 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2017 | $0.03 | $0.03 |
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 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. The portfolio has not yet recovered.
The current Federated Hermes Emerging Markets Equity Fund drawdown is 23.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.43% | Feb 17, 2021 | 426 | Oct 24, 2022 | — | — | — |
| -38.06% | Jan 29, 2018 | 539 | Mar 19, 2020 | 94 | Aug 3, 2020 | 633 |
| -6.38% | Jan 26, 2021 | 4 | Jan 29, 2021 | 7 | Feb 9, 2021 | 11 |
| -5.92% | Sep 3, 2020 | 15 | Sep 24, 2020 | 10 | Oct 8, 2020 | 25 |
| -5.71% | Nov 24, 2017 | 9 | Dec 6, 2017 | 17 | Jan 2, 2018 | 26 |
Volatility
Volatility Chart
The current Federated Hermes Emerging Markets Equity Fund volatility is 4.59%, 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.