Morningstar Fund Report  | 02/04/2025Print

Federated Hermes China Equity Fund Class F GBP Accumulating

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Federated Hermes China Equity Fund Class F GBP Accumulating
Fund---13.020.09.4
+/-Cat--7.45.70.0
+/-B’mrk--2.10.2-2.5
 
Category: China Equity
Category Benchmark: Morningstar China TME NR USD
Key Stats
NAV
01/04/2025		 GBP 1.07
Day Change -0.25%
Morningstar Category™ China Equity
IA (formerly IMA) Sector China/Greater China
ISIN IE00BKKJFC35
Fund Size (Mil)
01/04/2025		 GBP 17.78
Share Class Size (Mil)
01/04/2025		 GBP 0.81
Max Initial Charge -
Ongoing Charge
30/08/2024		  0.95%
Investment Objective: Federated Hermes China Equity Fund Class F GBP Accumulating
The investment objective of the Fund is to achieve capital growth over a rolling period of any five years. The Fund will seek to achieve its objective by investing at least 80% in a diversified portfolio of Equity and Equity related securities of, or relating to, companies in, or companies that derive a substantial proportion of their revenues from China or Hong Kong. These companies will be listed or traded on a Regulated Market worldwide. The Investment Manager will seek exposure to securities which it expects to rise in value (known as a long-only strategy). The Investment Manager will not invest in companies that generate revenue from the production of controversial weapons.
Returns
Trailing Returns (GBP)01/04/2025
YTD7.59
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Jonathan Pines
20/07/2022
Inception Date
20/07/2022

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China All Shares NR USDMorningstar China TME NR USD
Portfolio Profile for  Federated Hermes China Equity Fund Class F GBP Accumulating31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.250.0099.25
Bond0.000.000.00
Property0.000.000.00
Cash16.1515.380.76
Other0.000.01-0.01
Top 5 Regions%
Asia - Emerging75.65
Asia - Developed19.61
United States1.90
Japan1.62
Europe - ex Euro1.21
Top 5 Sectors%
Consumer Cyclical24.49
Technology22.58
Communication Services17.28
Industrials13.73
Basic Materials7.55
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services7.89
Xiaomi Corp Class BTechnologyTechnology6.21
AAC Technologies Holdings IncTechnologyTechnology4.85
Futu Holdings Ltd ADRFinancial ServicesFinancial Services3.59
JD.com Inc ADRConsumer CyclicalConsumer Cyclical3.38
Increase Decrease New since last portfolio
Federated Hermes China Equity Fund Class F GBP Accumulating
Growth Of 1000 (GBP) 28/02/2025
Fund:  Federated Hermes China Equity Fund Class F GBP Accumulating
Category:  China Equity
Category Index:  Morningstar China TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 2023202428/02
Price Return-13.0020.019.44
+/- Category7.385.710.00
+/- Category Index2.080.16-2.51
% Rank in Category62455
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.25   0.87-0.80
1 Week-1.79   0.92-1.49
1 Month-1.69   -0.49-1.63
3 Months7.59   -0.70-4.28
6 Months9.71   2.581.63
YTD7.59   -0.70-4.28
1 Year29.23   3.83-5.32
3 Years Annualised-   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: China Equity
Category Index: Morningstar China TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2024-0.086.2210.012.79
20231.61-9.87-0.53-4.49
2022---3.77
 
 
 
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 :  China EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev -
3-Yr Mean Return -
 
3-Yr Sharpe Ratio -
 
Modern Portfolio Statistics28/02/2025-
 Standard IndexBest Fit Index
 Morningstar China TME NR USD  
3-Yr Beta--
3-Yr Alpha--
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 16362-
Market Capitalisation% of Equity
Giant36.13
Large42.03
Medium20.29
Small1.55
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.870.98
Price/Book1.190.73
Price/Sales0.850.56
Price/Cash Flow7.700.78
Dividend-Yield Factor3.541.30
 
Long-Term Projected Earnings Growth10.761.61
Historical Earnings Growth-4.20-11.21
Sales Growth4.041.67
Cash-Flow Growth1.460.37
Book-Value Growth4.630.98
 
Category: China Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock99.250.0099.25
Bond0.000.000.00
Property0.000.000.00
Cash16.1515.380.76
Other0.000.01-0.01
World Regions31/12/2024
 % of EquityRelative to Category
United States1.903.48
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro1.218.61
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan1.6223.66
Australasia0.00-
Asia - Developed19.612.96
Asia - Emerging75.650.82
 
Category: China Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.552.93
Consumer CyclicalConsumer Cyclical24.490.83
Financial ServicesFinancial Services3.610.21
Consumer DefensiveConsumer Defensive4.730.83
HealthcareHealthcare1.870.40
Communication ServicesCommunication Services17.281.03
EnergyEnergy4.142.11
IndustrialsIndustrials13.731.77
TechnologyTechnology22.582.36
 
Category: China Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings49
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.12
NameSectorCountry% of Assets
Tencent Holdings Ltd308China7.89
Xiaomi Corp Class B311China6.21
AAC Technologies Holdings Inc311Hong Kong4.85
Futu Holdings Ltd ADR103Hong Kong3.59
JD.com Inc ADR102China3.38
COSCO SHIPPING International (Hong Ko... 310China3.33
CK Hutchison Holdings Ltd310Hong Kong3.18
Trip.com Group Ltd ADR102China3.04
China BlueChemical Ltd Class H101China2.92
Fuyao Glass Industry Group Co Ltd Shs... 102China2.74
 
Increase Decrease New since last portfolio
Category: China Equity
 
Management
Name of CompanyHermes Fund Managers Ireland Ltd
Phone-
Website -
AddressThe Wilde,
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date20/07/2022
Fund Advisor(s)
Hermes Investment Management Ltd
Fund ManagerJonathan Pines
Manager Start Date20/07/2022
 
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 Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge0.95%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo