Morningstar Fund Report  | 11/04/2025Print

Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged
Fund-1.0-8.33.74.56.5
+/-Cat-----
+/-B’mrk-----
 
Category: Other Equity
Category Benchmark: -
Key Stats
NAV
10/04/2025		 EUR 3.48
Day Change 4.40%
Morningstar Category™ Other Equity
ISIN IE00BBL4VS26
Fund Size (Mil)
09/04/2025		 USD 3015.78
Share Class Size (Mil)
09/04/2025		 EUR 6.69
Max Initial Charge 5.25%
Ongoing Charge
23/02/2024		  0.87%
Investment Objective: Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged
The investment objective of the Fund is to achieve long-term capital appreciation. The Fund will seek to achieve its objective over a rolling period of any five years, by investing at least 80% in a portfolio of equity and equity-related securities of, or relating to, companies in, or companies that derive a substantial proportion of their revenues from, the Asia ex-Japan region. These companies will be listed or traded on a Regulated Market worldwide.
Returns
Trailing Returns (GBP)10/04/2025
YTD2.33
3 Years Annualised2.05
5 Years Annualised7.49
10 Years Annualised4.98
12 Month Yield 0.00
Management
Manager Name
Start Date
Jonathan Pines
01/11/2012
Inception Date
21/10/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Ex JPN IMI NR LCL-
Portfolio Profile for  Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.190.0094.19
Bond0.000.000.00
Property0.000.000.00
Cash7.631.825.81
Other0.000.000.00
Top 5 Regions%
Asia - Emerging49.39
Asia - Developed46.13
Europe - ex Euro2.73
Japan0.98
United States0.77
Top 5 Sectors%
Technology24.27
Consumer Cyclical20.59
Communication Services15.37
Financial Services14.30
Consumer Defensive8.67
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services7.36
Taiwan Semiconductor Manufacturi... TechnologyTechnology6.67
Samsung Electronics Co LtdTechnologyTechnology6.57
AAC Technologies Holdings IncTechnologyTechnology3.95
CK Hutchison Holdings LtdIndustrialsIndustrials3.51
Increase Decrease New since last portfolio
Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged
Growth Of 1000 (GBP) 31/03/2025
Fund:  Federated Hermes Asia ex-Japan Equity Fund Class F EUR Accumulating Hedged
Category:  Other Equity
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-16.663.9014.65-0.97-8.343.654.536.51
+/- Category--------
+/- Category Index--------
% Rank in Category-
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.40   --
1 Week-3.82   --
1 Month-7.21   --
3 Months2.46   --
6 Months-6.78   --
YTD2.33   --
1 Year4.44   --
3 Years Annualised2.05   --
5 Years Annualised7.49   --
10 Years Annualised4.98   --
 
Category: Other Equity
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20256.51---
20241.213.739.72-9.25
20234.01-2.78-2.014.61
2022-1.59-6.92-12.0013.71
20218.273.77-6.61-5.62
2020-22.2117.486.5817.71
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev19.57 %
3-Yr Mean Return4.32 %
 
3-Yr Sharpe Ratio0.01
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   MSCI EM NR USD
3-Yr Beta-1.35
3-Yr Alpha-2.36
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 26950-
Market Capitalisation% of Equity
Giant40.73
Large44.26
Medium13.33
Small0.90
Micro0.78
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.020.64
Price/Book0.940.41
Price/Sales0.920.49
Price/Cash Flow6.970.72
Dividend-Yield Factor3.261.30
 
Long-Term Projected Earnings Growth8.370.83
Historical Earnings Growth1.060.16
Sales Growth7.101.40
Cash-Flow Growth6.630.93
Book-Value Growth4.601.44
 
Category: Other Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.190.0094.19
Bond0.000.000.00
Property0.000.000.00
Cash7.631.825.81
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.770.02
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro2.730.64
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.980.21
Australasia0.000.00
Asia - Developed46.1320.37
Asia - Emerging49.397.36
 
Category: Other Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.500.44
Consumer CyclicalConsumer Cyclical20.592.25
Financial ServicesFinancial Services14.300.88
Real EstateReal Estate1.460.56
Consumer DefensiveConsumer Defensive8.671.48
UtilitiesUtilities0.740.17
Communication ServicesCommunication Services15.372.28
EnergyEnergy1.720.49
IndustrialsIndustrials6.370.54
TechnologyTechnology24.271.44
 
Category: Other Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings57
Total Number of Bond Holdings1
Assets in Top 10 Holdings44.02
NameSectorCountry% of Assets
Tencent Holdings Ltd308China7.36
Taiwan Semiconductor Manufacturing Co... 311Taiwan6.67
Samsung Electronics Co Ltd311Korea, Republic Of6.57
AAC Technologies Holdings Inc311Hong Kong3.95
CK Hutchison Holdings Ltd310Hong Kong3.51
Xiaomi Corp Class B311China3.46
JD.com Inc ADR102China3.32
JD.com Inc Ordinary Shares - Class A102China3.20
Samsung Fire & Marine Insurance Co Ltd103Korea, Republic Of3.10
KB Financial Group Inc103Korea, Republic Of2.89
 
Increase Decrease New since last portfolio
Category: Other Equity
 
Management
Name of CompanyHermes Fund Managers Ireland Ltd
Phone-
Website -
AddressThe Wilde,
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date21/10/2013
Fund Advisor(s)
Hermes Investment Management Ltd
Fund ManagerJonathan Pines
Manager Start Date01/11/2012
 
Biography
Jonathan joined in March 2009 as portfolio manager responsible for Asia ex-Japan within the Emerging Markets strategy. Jonathan has been lead portfolio manager for the Asia ex-Japan strategy since its launch at the start of 2010. Prior to joining, he was a fund manager at RAB Capital and an analyst at Orbis Investment Advisory in London. Jonathan grew up in South Africa, where he was a partner at PKF Johannesburg. He holds an MBA from Harvard Business School, is a CFA charterholder and a chartered accountant. Jonathan was awarded with Investment Week’s Fund Manager of the Year Award for Asian equity in 2018 and 2016 and, under Jonathan’s management, the Asia ex-Japan strategy has been awarded Asian Investor's Asset Management Award for best Asia ex-Japan equity strategy for five consecutive years, from 2014 to 2018; Portfolio Adviser’s Platinum Award for Asia Pacific ex-Japan Equity 2016, 2017 and 2018; and Citywire Asia's Asia ex-Japan Group Award in 2016 and 2017.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.25%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.87%
Purchase Details
Minimum Investments
Initial100000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes