Morningstar Fund Report | 17/04/2025

Federated Hermes Impact Opportunities Equity Fund Class F GBP Accumulating | 42059

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	3.9	-19.6	2.9	-2.7	-8.5
	+/-Cat	-11.1	-9.7	-6.6	-11.6	-5.3
	+/-B’mrk	-15.1	-11.5	-11.7	-21.0	-4.0


Category: Global Flex-Cap Equity
Category Benchmark: Morningstar Global All Cap ...

Key Stats
NAV 16/04/2025		GBP 1.16
Day Change		-0.36%
Morningstar Category™		Global Flex-Cap Equity
IA (formerly IMA) Sector		Global
ISIN		IE00BD3FNV41
Fund Size (Mil) 16/04/2025		EUR 37.61
Share Class Size (Mil) 16/04/2025		GBP 13.40
Max Initial Charge		5.25%
Ongoing Charge 30/08/2024		0.94%

Investment Objective: Federated Hermes Impact Opportunities Equity Fund Class F GBP Accumulating | 42059

The investment objective of the Fund is to achieve long-term capital appreciation by investing in companies which will benefit from meeting the world’s environmental and social challenges. The Fund will seek to achieve its investment objective over a rolling period of any five years, by investing in a portfolio of equity securities quoted and/or traded on Regulated Markets worldwide, and the Fund will invest at least 67% of its assets in these securities.

Returns

Trailing Returns (GBP)	16/04/2025
YTD	-11.65
3 Years Annualised	-5.32
5 Years Annualised	0.27
10 Years Annualised	-

12 Month Yield

0.00

Management

Manager Name Start Date
Ingrid Kukuljan 01/09/2020
Martin Todd 12/12/2019
Inception Date 21/12/2017

Category Benchmark

Fund Benchmark	Morningstar Benchmark
MSCI ACWI IMI NR EUR	Morningstar Global All Cap TME NR USD

Portfolio Profile for Federated Hermes Impact Opportunities Equity Fund Class F GBP Accumulating \| 42059	31/01/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	96.64	0.00	96.64
Bond	0.04	0.00	0.04
Property	0.00	0.00	0.00
Cash	4.03	0.79	3.23
Other	0.10	0.01	0.09

Top 5 Regions	%
United States	62.77
Europe - ex Euro	13.42
United Kingdom	6.21
Eurozone	6.17
Australasia	4.30

Top 5 Sectors		%
	Industrials	36.25
	Healthcare	26.53
	Technology	19.93
	Basic Materials	7.82
	Consumer Cyclical	5.33

Top 5 Holdings	Sector	%
Experian PLC	Industrials	4.65
Ansys Inc	Technology	4.58
Lonza Group Ltd	Healthcare	4.44
Masimo Corp	Healthcare	4.26
Ecolab Inc	Basic Materials	4.22

Increase Decrease New since last portfolio
Federated Hermes Impact Opportunities Equity Fund Class F GBP Accumulating \| 42059

Growth Of 1000 (GBP)

31/03/2025

	Fund: Federated Hermes Impact Opportunities Equity Fund Class F GBP Accumulating \| 42059
	Category: Global Flex-Cap Equity
	Category Index: Morningstar Global All Cap TME NR USD

Annual Returns (GBP)						31/03/2025
	2018	2019	2020	2021	2022	2023	2024	31/03
Price Return	0.77	25.60	24.20	3.93	-19.55	2.90	-2.66	-8.53
+/- Category	11.29	8.52	9.90	-11.10	-9.74	-6.58	-11.55	-5.31
+/- Category Index	5.01	4.25	11.70	-15.07	-11.50	-11.74	-20.98	-4.02
% Rank in Category	5	11	21	93	85	85	92	90

Trailing Returns (GBP)			16/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-0.36	-0.81	-0.27
1 Week	4.91	1.91	0.83
1 Month	-3.72	1.50	2.45
3 Months	-14.64	-5.01	-2.55
6 Months	-14.20	-6.67	-7.62
YTD	-11.65	-4.04	-2.06
1 Year	-15.77	-11.49	-16.03
3 Years Annualised	-5.32	-7.15	-11.06
5 Years Annualised	0.27	-8.67	-11.43
10 Years Annualised	-	-	-

Category: Global Flex-Cap Equity
Category Index: Morningstar Global All Cap TME NR USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	-8.53	-	-	-
2024	6.17	-5.31	-1.94	-1.25
2023	1.47	-0.14	-9.07	11.67
2022	-13.11	-15.16	3.31	5.62
2021	-2.65	5.20	2.03	-0.54
2020	-12.45	19.87	8.20	9.36

Morningstar Rating™(Relative to Category)

31/03/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Low	Above Average
5-Year	Low	Above Average
10-Year	-	-	Not Rated
Overall	Low	Above Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	17.06 %
3-Yr Mean Return	-4.00 %


3-Yr Sharpe Ratio	-0.47

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar Global All Cap TME NR USD	Cat 40%Citi SwissGBI&60%MSCI Wld Free NR
3-Yr Beta	1.23	1.44
3-Yr Alpha	-11.90	-11.10

Investment Style Details

31/01/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	USD 28667	-


Market Capitalisation	% of Equity
Giant	7.60
Large	39.88
Medium	31.12
Small	21.35
Micro	0.05

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	25.05	1.48
Price/Book	3.99	1.80
Price/Sales	3.05	1.65
Price/Cash Flow	18.68	1.82
Dividend-Yield Factor	1.02	0.54

Long-Term Projected Earnings Growth	12.06	1.25
Historical Earnings Growth	14.88	2.50
Sales Growth	8.88	2.89
Cash-Flow Growth	12.76	3.36
Book-Value Growth	10.77	1.79

Asset Allocation

31/01/2025

	% Long	% Short	% Net Assets
Stock	96.64	0.00	96.64
Bond	0.04	0.00	0.04
Property	0.00	0.00	0.00
Cash	4.03	0.79	3.23
Other	0.10	0.01	0.09

World Regions

31/01/2025

	% of Equity	Relative to Category
United States	62.77	1.10
Canada	1.28	0.45
Latin America	1.53	1.06
United Kingdom	6.21	0.90
Eurozone	6.17	0.51
Europe - ex Euro	13.42	1.60
Europe - Emerging	0.00	0.00
Africa	0.04	0.09
Middle East	1.36	3.58
Japan	0.00	0.00
Australasia	4.30	8.36
Asia - Developed	0.00	0.00
Asia - Emerging	2.93	1.06

Sector Weightings

31/01/2025

	% of Equity	Relative to Category
Basic Materials	7.82	1.73
Consumer Cyclical	5.33	0.53
Financial Services	2.95	0.23
Real Estate	1.16	0.44
Consumer Defensive	0.03	0.00
Healthcare	26.53	2.10
Industrials	36.25	2.29
Technology	19.93	0.82

Top 10 Holdings

31/01/2025

	Portfolio NEW
Total Number of Equity Holdings	36
Total Number of Bond Holdings	1
Assets in Top 10 Holdings	42.22

Name	Sector	Country	% of Assets
Experian PLC		United Kingdom	4.65
Ansys Inc		United States	4.58
Lonza Group Ltd		Switzerland	4.44
Masimo Corp		United States	4.26
Ecolab Inc		United States	4.22
Cintas Corp		United States	4.19
Brambles Ltd		Australia	4.15
Intuit Inc		United States	3.98
AECOM		United States	3.90
IQVIA Holdings Inc		United States	3.85

Increase Decrease New since last portfolio
Category: Global Flex-Cap Equity

Management

Name of Company	Hermes Fund Managers Ireland Ltd
Phone	-
Website	-
Address	The Wilde,
	Dublin -
	Ireland

Domicile	Ireland
Legal Structure	Open Ended Investment Company
UCITS	Yes
Inception Date	21/12/2017

Fund Advisor(s)
Hermes Investment Management Ltd

Fund Manager	Ingrid Kukuljan
Manager Start Date	01/09/2020

Education

College London



Biography
Ingrid joined in February 2020 and has 25 years’ experience spanning asset management, as well as capital and private markets. As Head of Impact & Sustainable Investing, she is responsible for the construction and management of the portfolios within the strategy. She joined from PDM Capital where she was managing a thematic equity fund. Prior to this, she was at Jupiter Asset Management as Fund Management Director where she managed the EMEA portion of the Global Managed Fund and co-managed Jupiter’s flagship EMEA fund. She started her career in 1997 at Lazard & Co where, for six years, she was a generalist CEE and European equities analyst. Ingrid was included in Citywire’s first ever global compilation of the 1,000 top fund managers in the world. Ingrid is a Non-Executive Director of Fair4All Finance, founded with dormant asset money solely to create positive impact by promoting financial inclusion in the UK. Ingrid holds a degree in Italian and Business Studies from University College London, CISI Diploma in Investment Regulation & Compliance and is fluent in four languages.

Fund Manager	Martin Todd
Manager Start Date	12/12/2019
Career Start Year	2004



Biography
Martin joined as a senior analyst on the European Equities team in March 2013 and is now lead portfolio manager of the Sustainable Global Equity strategy, and co-portfolio manager of the Impact Opportunities strategy. Prior to joining, he was an investment director at Scottish Widows Investment Partnership. Martin joined SWIP as a graduate and spent eight years there, with spells investing in UK, US and Japanese equities. Martin graduated from the University of St Andrews with an MA in Economics & Modern History and is a CFA charterholder. In 2015, Martin featured in Financial News’s ‘40 Under 40 Rising Stars of Asset Management’, an editorial selection of the brightest up-and-coming people in the industry.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	5.25%
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	0.75%
Ongoing Charge	0.94%

Purchase Details

Minimum Investments
Initial	100000 GBP
Additional	-
Savings	-

Tax Free Savings Schemes
ISAs	Yes