PEIRX: Federated Hermes International Equity Fd - MutualFunds.com

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PNC International Equity R6

PEIRX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 8.6%
  • Net Assets $1.43 B
  • Holdings in Top 10 14.5%

52 WEEK LOW AND HIGH

$25.72
$16.38
$26.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare PEIRX to Popular International Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$57.58

-2.34%

$164.19 B

0.98%

$0.58

3.45%

0.84%

$42.53

-2.19%

$55.39 B

0.89%

$0.39

31.59%

0.43%

$48.07

-2.52%

$28.98 B

0.76%

$0.37

5.88%

0.99%

$21.57

-2.62%

$17.53 B

0.19%

$0.04

14.07%

1.04%

$23.97

-3.00%

$16.73 B

1.53%

$0.38

0.71%

0.81%

PEIRX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Federated Hermes International Equity Fd
  • Fund Family Name
    PNC Funds
  • Inception Date
    Jun 08, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Martin Schulz

Fund Description

The fund primarily invests in a portfolio of equity securities that are tied economically to a number of countries throughout the world, and typically invests in three or more countries outside of the United States (U.S.). The fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity investments. The fund's investments in equity securities may include, for example, common stocks, American Depositary Receipts or other U.S. listings of foreign common stocks and other mutual funds.


PEIRX - Performance

Return Ranking - Trailing

Period PEIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -14.4% 70.0% 75.05%
1 Yr 10.4% -6.2% 88.6% 85.35%
3 Yr 4.4%* -2.6% 19.3% 78.15%
5 Yr 8.6%* 0.4% 21.1% 60.30%
10 Yr 7.4%* 3.6% 14.1% 36.92%

* Annualized

Return Ranking - Calendar

Period PEIRX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -4.0% 45.1% 81.76%
2018 N/A -32.2% 68.4% N/A
2017 N/A 0.0% 50.9% N/A
2016 N/A -12.2% 5.7% N/A
2015 N/A -16.3% 9.5% N/A

Total Return Ranking - Trailing

Period PEIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -14.4% 67.9% 74.63%
1 Yr 10.4% -10.9% 88.6% 78.98%
3 Yr 4.4%* -3.8% 19.3% 75.94%
5 Yr 8.6%* -0.1% 21.1% 57.57%
10 Yr 7.4%* 3.6% 14.1% 35.69%

* Annualized

Total Return Ranking - Calendar

Period PEIRX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -4.0% 45.1% 81.99%
2018 N/A -32.2% 68.4% N/A
2017 N/A 0.0% 53.4% N/A
2016 N/A -12.2% 8.0% N/A
2015 N/A -15.1% 11.4% N/A

NAV & Total Return History


PEIRX - Holdings

Concentration Analysis

PEIRX Category Low Category High PEIRX % Rank
Net Assets 1.43 B 10 164 B 43.07%
Number of Holdings 161 6 1191 16.91%
Net Assets in Top 10 207 M 1.33 M 36.1 B 51.37%
Weighting of Top 10 14.49% 8.4% 99.1% 98.73%

Top 10 Holdings

  1. Federated Hermes Govt Obl Premier 2.47%
  2. Alibaba Group Holding Ltd ADR 1.99%
  3. Tencent Holdings Ltd 1.88%
  4. Tencent Holdings Ltd 1.88%
  5. Tencent Holdings Ltd 1.88%
  6. Tencent Holdings Ltd 1.88%
  7. Tencent Holdings Ltd 1.88%
  8. Tencent Holdings Ltd 1.88%
  9. Tencent Holdings Ltd 1.88%
  10. Tencent Holdings Ltd 1.88%

Asset Allocation

Weighting Return Low Return High PEIRX % Rank
Stocks
96.72% 66.28% 101.48% 57.26%
Cash
3.28% -7.94% 26.95% 39.32%
Preferred Stocks
0.00% 0.00% 0.23% 7.40%
Other
0.00% 0.00% 18.42% 22.41%
Convertible Bonds
0.00% 0.00% 1.96% 4.65%
Bonds
0.00% 0.00% 18.71% 11.58%

Stock Sector Breakdown

Weighting Return Low Return High PEIRX % Rank
Technology
16.15% 3.45% 41.85% 64.06%
Consumer Cyclical
14.99% 1.67% 52.50% 30.02%
Financial Services
13.91% 0.00% 22.54% 34.88%
Industrials
12.34% 0.00% 25.99% 62.58%
Healthcare
11.81% 2.15% 31.20% 76.74%
Basic Materials
11.60% 0.00% 17.74% 1.48%
Communication Services
9.87% 0.00% 43.91% 27.48%
Consumer Defense
7.77% 0.98% 34.80% 74.00%
Energy
0.95% 0.00% 8.87% 45.45%
Real Estate
0.60% 0.00% 12.59% 39.53%
Utilities
0.00% 0.00% 15.08% 56.03%

Stock Geographic Breakdown

Weighting Return Low Return High PEIRX % Rank
Non US
93.61% 58.69% 100.00% 42.92%
US
3.11% 0.00% 23.03% 63.21%

PEIRX - Expenses

Operational Fees

PEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.01% 28.05% 61.63%
Management Fee 0.85% 0.00% 1.50% 77.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.80% N/A

Sales Fees

PEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

PEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 4.00% 151.99% 47.75%

PEIRX - Distributions

Dividend Yield Analysis

PEIRX Category Low Category High PEIRX % Rank
Dividend Yield 0.00% 0.00% 5.82% 17.86%

Dividend Distribution Analysis

PEIRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

PEIRX Category Low Category High PEIRX % Rank
Net Income Ratio 1.07% -1.17% 3.11% 40.18%

Capital Gain Distribution Analysis

PEIRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

PEIRX - Fund Manager Analysis

Managers

Martin Schulz


Start Date

Tenure

Tenure Rank

May 01, 1998

22.43

22.4%

Martin is a member of the Leadership Team and managing director of the International Equity team. Martin has previous investment experience, including positions in equity research and portfolio management. Prior to joining the firm or its predecessor, he was a portfolio manager with National City Corporation. Martin received a B.A. in international relations from Cornell University, graduating magna cum laude, and an M.B.A. in international business and a J.D. from George Washington University. Martin speaks fluent German and French.

Sumanta Biswas


Start Date

Tenure

Tenure Rank

Sep 01, 2005

15.09

15.1%

Sumanta Biswas, CFA, serves as Polaris Capital Management, LLC’s Vice President and Assistant Portfolio Manager since 2012. Mr. Biswas has been a partner at the Polaris Capital Management since 2007. Mr. Biswas’ professional experience includes completion of an internship at Delta Partners of Boston in 2001 where he served as an equity research analyst. From 1996 through July of 2000, he was an officer of the Securities and Exchange Board of India. In 1995, Mr. Biswas participated in the initial public offering of Electro Steel Casting, Ltd. of India while interning at IFB Finance Ltd. of India. In 1993, he was an engineering project manager trainee with Bridge & Roof Company of Calcutta, India, one of the largest construction companies in India. Mr. Biswas received a master’s of science degree in finance from Boston College in 2001, and an MBA from Calcutta University in India in 1996. He earned his undergraduate degree in engineering from North Bengal University in 1993, and holds a diploma in business finance from the Institute of Chartered Financial Analysts of India. He also holds the Chartered Financial Analyst (CFA) designation.

Bernard Horn


Start Date

Tenure

Tenure Rank

Sep 01, 2005

15.09

15.1%

Bernard Horn Jr. is President and Chief Investment Officer since 1998; Founder and Portfolio Manager since 1995; Investment professional since 1980.of Polaris Capital Management, LLC, a Boston-based global and international value equity management firm that serves as the sub-advisor for RBC International Equity. Prior to founding Polaris Capital in 1995, Bernard served as an investment officer for MDT Advisers, Inc. He also worked as a portfolio manager for Freedom Capital Management Corporation. From 1980 to 1990, Bernard was the principal and founder of Horn & Company, an investment counseling firm that specialized in global portfolio management for individuals, trusts and tax-qualified accounts. Bernard began his career in the investment industry in 1980. He received a BS from Northeastern University and a MS in Management from the Massachusetts Institute of Technology. In January 2007, Bernard was named Fund Manager of the year by MarketWatch. He was profiled in the January 2004 issue of SmartMoney Magazine and has been highlighted in Business Week, The New York Times, The Wall Street Journal and other national publications. Bernard has appeared on CNBC, CNNfn and Bloomberg TV to discuss global market trends.

Calvin Zhang


Start Date

Tenure

Tenure Rank

Dec 31, 2008

11.76

11.8%

Calvin Y. Zhang, Senior Analyst/Portfolio Manager, managed the predecessor fund to the Fund, the PNC International Growth Fund, since February 2016, and has continued to manage the Fund as an employee of the Adviser since November 2019. Mr. Zhang is primarily responsible for research and analysis on all Asian securities. He has been with the Adviser or an affiliate since 2019; and has managed investment portfolios since 2005. Education: B.A., South China University of Technology; M.B.A., University of Rochester.

Bin Xiao


Start Date

Tenure

Tenure Rank

Jul 01, 2012

8.25

8.3%

Bin Xiao has became an Analyst with Polaris since 2006. Mr. Bin was in internship at HSBC Global Investment Banking in 2005, and in internship at Polaris Capital Management in 2004/2005. In 2002 to 2004 Mr. Bin serves as a software architect and project manager at PNC Financial Service Group (PFPC), following positions as an information systems engineer and software engineer at Vanguard Group and RIT Research Corporation respectively.

Jason Crawshaw


Start Date

Tenure

Tenure Rank

Sep 28, 2014

6.01

6.0%

Jason Crawshaw joined the Investment Manager as an analyst in January 2014. Mr. Crawshaw is a generalist and conducts fundamental analysis of potential investment opportunities. He brings 21 years of investment industry experience to the firm. Mr. Crawshaw was previously a portfolio manager with Liberty Square Asset Management, where he co-managed international long and long/short equity funds and helped direct Liberty’s research effort. Prior to joining Liberty, he was a portfolio manager with Brait Specialized Funds U.S., where he managed a U.S. long/short small cap equity hedge fund. He served in a similar role at Equinox, a spinoff from Coronation Securities. Early in his career, Mr. Crawshaw was an equity analyst responsible for small and mid-cap research for a proprietary fund at First Rand and Coronation Securities in South Africa. Mr. Crawshaw obtained his master’s in business administration from University of Notre Dame and graduated Magna Cum Laude in 1994. He received his undergraduate degree from Middlebury College in 1992.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 25.27 7.16 18.35