Morningstar Fund Report  | 05/04/2025Print

Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating
Fund-5.8-13.8-2.57.8-1.9
+/-Cat-4.4-1.7-6.6-0.3-1.2
+/-B’mrk-5.0-5.9-6.5-1.2-1.0
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
04/04/2025		 USD 3.17
Day Change 0.23%
Morningstar Category™ Global Emerging Markets Equity
ISIN IE00B3DJ5Q52
Fund Size (Mil)
04/04/2025		 USD 2369.43
Share Class Size (Mil)
04/04/2025		 USD 546.45
Max Initial Charge 5.25%
Ongoing Charge
23/02/2024		  1.11%
Investment Objective: Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating
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 diversified portfolio of equity securities and equity related securities of, or relating to companies in, or companies that derive a large proportion of their revenues from, global emerging markets. The Fund will invest at least 67% of its assets in companies listed or traded on a Regulated Market worldwide.
Returns
Trailing Returns (GBP)04/04/2025
YTD-3.78
3 Years Annualised-2.81
5 Years Annualised4.38
10 Years Annualised5.12
12 Month Yield 0.00
Management
Manager Name
Start Date
Kunjal Gala
01/01/2020
Vivek Bhutoria
04/01/2022
Click here to see others
Inception Date
20/09/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.690.0099.69
Bond0.000.000.00
Property0.000.000.00
Cash3.063.33-0.27
Other0.580.000.58
Top 5 Regions%
Asia - Emerging43.85
Asia - Developed31.66
Latin America8.83
Middle East4.01
Africa2.94
Top 5 Sectors%
Technology26.97
Financial Services22.12
Industrials14.83
Communication Services12.44
Consumer Cyclical7.37
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology8.91
Tencent Holdings LtdCommunication ServicesCommunication Services6.60
Samsung Electronics Co LtdTechnologyTechnology5.03
JD.com Inc Ordinary Shares - Cla... Consumer CyclicalConsumer Cyclical3.18
HDFC Bank LtdFinancial ServicesFinancial Services3.10
Increase Decrease New since last portfolio
Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating
Growth Of 1000 (GBP) 31/03/2025
Fund:  Federated Hermes Global Emerging Markets Equity Fund Class F USD Accumulating
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.5519.4020.43-5.85-13.77-2.517.79-1.87
+/- Category0.735.136.37-4.39-1.71-6.62-0.33-1.19
+/- Category Index-3.095.046.54-4.98-5.93-6.49-1.23-0.99
% Rank in Category4716198265935874
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.23   2.662.44
1 Week-3.81   0.33-0.03
1 Month-3.16   0.17-0.40
3 Months-4.35   -0.65-0.99
6 Months-8.31   -2.11-1.91
YTD-3.78   -0.97-1.14
1 Year-1.01   -1.77-3.56
3 Years Annualised-2.81   -3.49-4.19
5 Years Annualised4.38   -2.33-3.15
10 Years Annualised5.12   0.90-0.12
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.87---
20243.165.751.28-2.44
20230.91-4.48-1.272.44
2022-6.35-9.080.071.20
20210.962.23-6.56-2.37
2020-19.1320.666.4115.98
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearBelow AverageAverage2 star
10-YearAbove AverageAverage4 star
Overall*AverageAverage3 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.25 %
3-Yr Mean Return-0.74 %
 
3-Yr Sharpe Ratio-0.33
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  MSCI EM NR USD
3-Yr Beta1.071.02
3-Yr Alpha-3.54-3.64
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 39047-
Market Capitalisation% of Equity
Giant54.59
Large30.75
Medium14.66
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.131.19
Price/Book1.961.19
Price/Sales1.801.20
Price/Cash Flow8.981.40
Dividend-Yield Factor2.720.85
 
Long-Term Projected Earnings Growth10.561.01
Historical Earnings Growth9.071.63
Sales Growth6.711.46
Cash-Flow Growth9.782.09
Book-Value Growth9.931.14
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.690.0099.69
Bond0.000.000.00
Property0.000.000.00
Cash3.063.33-0.27
Other0.580.000.58
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada2.0118.23
Latin America8.830.96
United Kingdom0.000.00
Eurozone1.751.36
Europe - ex Euro1.0875.18
Europe - Emerging2.771.25
Africa2.940.85
Middle East4.010.83
Japan1.103551.52
Australasia0.00-
Asia - Developed31.661.09
Asia - Emerging43.850.90
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.361.24
Consumer CyclicalConsumer Cyclical7.370.50
Financial ServicesFinancial Services22.120.91
Real EstateReal Estate2.931.51
Consumer DefensiveConsumer Defensive1.340.28
HealthcareHealthcare5.291.51
UtilitiesUtilities0.340.19
Communication ServicesCommunication Services12.441.20
EnergyEnergy1.010.32
IndustrialsIndustrials14.832.27
TechnologyTechnology26.971.09
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings63
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.35
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan8.91
Tencent Holdings Ltd308China6.60
Samsung Electronics Co Ltd311Korea, Republic Of5.03
JD.com Inc Ordinary Shares - Class A102China3.18
HDFC Bank Ltd103India3.10
NARI Technology Co Ltd Class A310China2.59
ICICI Bank Ltd103India2.51
Infosys Ltd311India2.39
BYD Co Ltd Class H102China2.04
KB Financial Group Inc103Korea, Republic Of2.01
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyHermes Fund Managers Ireland Ltd
Phone-
Website -
AddressThe Wilde,
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date20/09/2013
Fund Advisor(s)
Hermes Investment Management Ltd
Fund ManagerKunjal Gala
Manager Start Date01/01/2020
Career Start Year2004
Education
2004, University of Mumbai, Bachelors
 
Biography
Kunjal joined in February 2012 as a senior analyst on the Global Emerging Markets team focused on Asia ex-Japan. He became co-portfolio manager for pooled products and segregated mandates in September 2016. In January 2020, he became co-portfolio manager for all portfolios managed by the Global Emerging Markets team and was subsequently named lead portfolio manager in September 2020. He became Head of Global Emerging Markets in June 2022. Kunjal joined from Her Majesty's Government, where he worked from October 2008 as an assistant director in The Shareholder Executive, the in-house portfolio management and corporate finance arm of the UK Government. Prior to this he was a senior financial analyst at Morgan Stanley Investment Banking from December 2004, responsible for both business development and execution of M&A and strategy mandates within the consumer products coverage banking team. Previously he worked for Thomas Cook (India) in the management information systems division (September 2003), and PricewaterhouseCoopers in the Assurance and Business Advisory Service (August 2001). Kunjal has a Bachelor of Commerce from Mumbai University and is a qualified Chartered Accountant from the Institute of Chartered Accountants of India.
Fund ManagerVivek Bhutoria
Manager Start Date04/01/2022
 
Biography
Vivek joined in September 2019 as a senior analyst in the Global Emerging Markets team, focusing on idea generation across the Asia ex-Japan region. In January 2022, he also became co-portfolio manager for the Federated Hermes Global Emerging Markets Equity Fund. Vivek’s previous experience spans both the buy side and sell side. Prior to joining, he was a senior analyst with NN Investment Partners (formerly ING Investment Management) in the global emerging equity team. Vivek also worked at Deutsche Bank and BNY Mellon Asset Management covering emerging markets equities. Vivek began his career in accounting and held positions with PricewaterhouseCoopers and Ernst & Young. Vivek has a Master of Commerce degree from Mumbai University. He is a qualified Chartered Accountant (ACA) from the Institute of Chartered Accountants of India and a CFA charterholder.
Fund ManagerChristopher Clube
Manager Start Date06/06/2023
 
Biography
Mr. Clube has been a Senior Analyst for the Hermes Emerging Markets team since 2018. Prior to joining Hermes, he was a Vice President at Amundi Asset Management (formerly Pioneer Asset Management) in the emerging markets equity team from 2012 to 2018.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.25%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.11%
Purchase Details
Minimum Investments
Initial100000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes