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Morningstar

Federated Hermes Equity Income A LEIFX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 20.49  /  0.53 %
  • Total Assets 723.1 Mil
  • Adj. Expense Ratio
    1.120%
  • Expense Ratio 1.120%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 1.26%
  • Turnover 90%

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis LEIFX

Will LEIFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LEIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LEIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LEIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Federated Hermes Equity Income A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LEIFX

More LEIFX Holdings
  • Current Portfolio Date
  • Equity Holdings 71
  • Bond Holdings 0
  • Other Holdings 3
  • % Assets in Top 10 Holdings 26.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Exxon Mobil Corp

3.63
27,178,115
Energy

Wells Fargo & Co

3.04
22,721,765
Financial Services

FedEx Corp

2.97
22,178,621
Industrials

CenterPoint Energy Inc

2.80
20,943,954
Utilities

Alphabet Inc Class A

2.64
19,711,717
Communication Services

Vulcan Materials Co

2.58
19,299,242
Basic Materials

International Business Machines Corp

2.41
18,030,898
Technology

Chevron Corp

2.25
16,807,340
Energy

Walmart Inc

2.20
16,413,364
Consumer Defensive

Zimmer Biomet Holdings Inc

2.15
16,053,710
Healthcare