Federated Hermes International Leaders has become much less expensive. Federated recently lowered the expense ratios of the strategy’s five share classes by 14 to 18 basis points each. The fee cuts are certainly significant, but this strategy has Average People, Process, and Parent Pillar ratings. Per the Morningstar Medalist Ratings methodology, strategies with Average ratings across the board cannot receive higher than a Neutral overall rating, so the A, IS, R, and R6 share classes—which have roughly 98% of the assets—stay at Neutral. The tiny C share class is upgraded to Neutral from Negative, though, owing to its lower expense ratio. The following report was published on Dec. 14, 2022.
Federated Hermes Intl Leaders R FGFRX
- NAV / 1-Day Return 37.90 / +0.37 %
- Total Assets 1.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.240%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Medium
- Category Foreign Large Blend
- Investment Style Large Blend
- Min. Initial Investment —
- Status Open
- TTM Yield 1.16%
- Turnover 80%
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0
Morningstar’s Analysis FGFRX
Will FGFRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 27.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
AstraZeneca PLC | 3.96 | 48.6 Mil | Healthcare |
ASML Holding NV | 3.14 | 38.5 Mil | Technology |
Siemens AG | 3.13 | 38.4 Mil | Industrials |
Keyence Corp | 2.76 | 33.9 Mil | Technology |
Prudential PLC | 2.48 | 30.4 Mil | Financial Services |
Novo Nordisk A/S Class B | 2.45 | 30.0 Mil | Healthcare |
Rolls-Royce Holdings PLC | 2.40 | 29.4 Mil | Industrials |
RWE AG Class A | 2.38 | 29.2 Mil | Utilities |
Sanofi SA | 2.24 | 27.4 Mil | Healthcare |
Entain PLC | 2.22 | 27.2 Mil | Consumer Cyclical |