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Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Emerging Market Debt Fund

EMDIX | Fund

$7.85

$17.3 M

5.76%

$0.45

2.97%

Vitals

YTD Return

6.6%

1 yr return

7.0%

3 Yr Avg Return

1.1%

5 Yr Avg Return

1.2%

Net Assets

$17.3 M

Holdings in Top 10

29.4%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Emerging Market Debt Fund

EMDIX | Fund

$7.85

$17.3 M

5.76%

$0.45

2.97%

EMDIX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.22%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Emerging Market Debt Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Mar 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ihab Salib

Fund Description

The Fund invests primarily in a portfolio of emerging market fixed-income investments. The Fund’s investments may be denominated in foreign currencies or U.S. dollars, and may be of any duration. The Fund may invest in noninvestment-grade debt investments, commonly known as junk instruments, which may offer higher yields than investment-grade debt investments. Investors in lower-rated foreign debt investments may receive higher yields as compensation for assuming higher credit risks. The Fund does not limit the amount it may invest in investments rated below investment grade. The Fund may invest in derivative contracts to implement its investment strategies, as more fully described herein. The Fund’s investment adviser (the “Adviser”) actively manages the Fund’s portfolio seeking total returns over longer periods in excess of the Fund’s broad based securities market index, the J.P. Morgan Emerging Markets Bond Index Global Diversified (JPM-EMBIGD) and a blended supplemental index (as described in the Average Annual Total Return Table below). The JPM-EMBIGD covers emerging market countries in the following regions: Americas, Europe, Asia, Middle East and Africa. The performance of the Fund, as an actively managed portfolio, should be evaluated against the JPM-EMBIGD and the blended supplemental index over longer periods of time. Consistent with the Fund’s benchmark, the Fund may, from time to time, have larger allocations or make significant investments in issuers located or doing business in a single country. Volatility in emerging markets means that even small differences in time periods for comparison can have a substantial impact on returns. The Fund has no duration target or parameters with respect to its average portfolio duration. Rather, the Adviser may lengthen or shorten average portfolio duration in response to changing market conditions. These duration adjustments can be made either by buying or selling portfolio investments or through the use of derivative contracts.The investment process entails a thorough assessment of the global macroeconomic environment and determines the most relevant investment themes that drive emerging markets. These investment themes can be either secular or cyclical in nature and are intended to define guiding principles which permeate through the various stages of the investment process from country and sector to individual corporate issuers. In selecting investments, the Adviser gives emphasis to the underlying quality of issuers domiciled in emerging market countries. The Adviser performs intensive credit analysis of both sovereign and corporate debt issues. Secondarily, the Adviser considers the extent to which market interest rates may impact the potential investment return of emerging markets debt investments.While the Adviser may use derivatives to limit the negative effect on the Fund’s investment returns inclusive of those losses that may be incurred due to anticipated changes in the relative values of selected currencies in the portfolio, the Adviser will not attempt to fully insulate the Fund’s investment returns from the influence of currency fluctuations on portfolio investments denominated in foreign currencies. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in emerging market fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets in emerging market fixed-income investments.PORTFOLIO TURNOVERThe Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Fund’s trading costs, which may have an adverse impact on the Fund’s performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.
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EMDIX - Performance

Return Ranking - Trailing

Period EMDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -9.3% 453.9% 41.30%
1 Yr 7.0% -8.3% 455.7% 38.57%
3 Yr 1.1%* -8.4% 58.6% 20.43%
5 Yr 1.2%* -8.0% 28.8% 21.48%
10 Yr 3.1%* -4.8% 14.6% 23.91%

* Annualized

Return Ranking - Calendar

Period EMDIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -10.6% 17.8% 2.39%
2022 -20.4% -29.1% -2.4% 74.56%
2021 -5.0% -24.0% 2.7% 14.34%
2020 1.9% -14.0% 9.7% 30.74%
2019 10.9% -6.4% 13.0% 6.39%

Total Return Ranking - Trailing

Period EMDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -9.3% 453.9% 41.30%
1 Yr 7.0% -8.3% 455.7% 38.57%
3 Yr 1.1%* -8.4% 58.6% 20.43%
5 Yr 1.2%* -8.0% 28.8% 21.48%
10 Yr 3.1%* -4.8% 14.6% 23.91%

* Annualized

Total Return Ranking - Calendar

Period EMDIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% -0.6% 20.0% 6.48%
2022 -16.0% -27.6% -1.7% 73.85%
2021 -3.0% -18.5% 7.4% 46.59%
2020 5.9% -7.8% 18.0% 37.78%
2019 13.3% -3.0% 23.0% 48.12%

NAV & Total Return History

EMDIX - Holdings

Concentration Analysis

EMDIX Category Low Category High EMDIX % Rank
Net Assets 17.3 M 565 K 14.9 B 93.17%
Number of Holdings 134 4 1860 84.30%
Net Assets in Top 10 4.73 M -134 M 1.25 B 88.40%
Weighting of Top 10 29.41% 5.8% 102.5% 18.97%

Top 10 Holdings

  1. Brazil Notas do Tesouro Nacional Serie F 6.04%
  2. Federated Hermes Government Obligations Fund 3.79%
  3. Republic of Poland Government Bond 3.32%
  4. Indonesia Treasury Bond 3.11%
  5. Peru Government Bond 2.90%
  6. Mexican Bonos 2.29%
  7. Hungary Government Bond 2.22%
  8. Brazil Notas do Tesouro Nacional Serie F 2.02%
  9. Colombian TES 1.89%
  10. Bonos de la Tesoreria de la Republica en pesos 1.84%

Asset Allocation

Weighting Return Low Return High EMDIX % Rank
Bonds 		94.74% 0.00% 100.50% 54.95%
Cash 		4.90% 0.00% 29.76% 41.30%
Convertible Bonds 		0.75% 0.00% 8.47% 25.17%
Other 		0.36% -10.15% 91.74% 27.30%
Stocks 		0.00% -0.01% 96.78% 93.52%
Preferred Stocks 		0.00% 0.00% 2.24% 90.10%

Bond Sector Breakdown

Weighting Return Low Return High EMDIX % Rank
Government 		60.95% 0.00% 99.79% 54.48%
Corporate 		38.72% 0.00% 91.26% 23.10%
Cash & Equivalents 		3.79% 0.00% 23.23% 36.52%
Derivative 		0.36% -1.67% 13.76% 11.95%
Securitized 		0.00% 0.00% 2.41% 91.03%
Municipal 		0.00% 0.00% 0.00% 89.66%

Bond Geographic Breakdown

Weighting Return Low Return High EMDIX % Rank
US 		53.64% -42.31% 99.16% 58.70%
Non US 		41.10% 0.00% 132.49% 35.15%

EMDIX - Expenses

Operational Fees

EMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.97% 0.02% 32.92% 4.79%
Management Fee 0.85% 0.00% 1.10% 91.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.02% 0.65% 57.14%

Sales Fees

EMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 0.00% 218.00% 66.80%

EMDIX - Distributions

Dividend Yield Analysis

EMDIX Category Low Category High EMDIX % Rank
Dividend Yield 5.76% 0.00% 22.22% 90.78%

Dividend Distribution Analysis

EMDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

EMDIX Category Low Category High EMDIX % Rank
Net Income Ratio 5.22% -2.28% 8.00% 10.14%

Capital Gain Distribution Analysis

EMDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

EMDIX - Fund Manager Analysis

Managers

Ihab Salib

Start Date

Tenure

Tenure Rank

May 13, 2013

9.05

9.1%

Mr. Salib joined Federated in April 1999 as a Senior Fixed Income Trader/Assistant Vice President of the emerging markets affiliated fund's Adviser. In July 2000, he was named a Vice President and in 2007 was named Senior Vice President. From January 1994 through March 1999, Mr. Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc. Mr. Salib received his B.A. with a major in Economics from Stony Brook University.

Jason DeVito

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

Jason C. DeVito, CFA, has been a Portfolio Manager and is a Vice President of the Federated Investment Management Company. He joined the Federated in July 2002 as a Fixed Income Quantitative Analyst. Prior to that, Mr. DeVito was a Senior Financial/Accounting Analyst at PNC Financial Services from 2001 to 2002, and a Senior Financial Analyst at Kaufmann's from 1999 to 2001. Mr. DeVito has received the Chartered Financial Analyst designation. He earned his B.B.A. from the University of Notre Dame and his M.B.A. from the Tepper School of Business at Carnegie Mellon University.

Mohammed Elmi

Start Date

Tenure

Tenure Rank

Jul 26, 2019

2.85

2.9%

Mohammed Elmi, CFA, Vice President, Portfolio Manager, Senior Investment Analyst. Responsible for portfolio management and research in the global fixed income area. Previous associations: Director, Emerging Market Credit Strategist, Societe Generale; Vice President, Emerging Market Credit Analyst, Credit Suisse; Investment Manager, Mashreq Capital (DIFC); Product Development Manager, Bloomberg LP. B.Sc., M.Sc., University of London. Joined Federated Hermes 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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