Federated Hermes International Equity Fund Institutional Shares (PIUIX)

Overview

The fund is designed to offer investors diversified international exposure through a portfolio that is heavily invested in equity securities from various countries around the world, excluding the United States. With a strategy that mandates investment in at least three countries outside of the U.S., the fund seeks to capitalize on international markets. A significant portion of its assets, specifically at least 80% of its net assets plus any borrowings for investment purposes, is allocated towards equity investments. This approach is aimed at investors looking for growth opportunities beyond the domestic markets, offering a pathway to potentially benefit from global economic trends and diversify their investment portfolio internationally.

Products and Services

The fund caters to investors seeking international investment opportunities by offering a range of equity securities, including:

• Common Stocks: These are equities representing ownership interests in corporations. By investing in common stocks from various countries, the fund provides its shareholders with a stake in these companies’ potential profit and growth, albeit with the attendant risks associated with equity investments.
• American Depositary Receipts (ADRs): ADRs are a convenient way to own shares in a foreign company while receiving the dividends and capital gains in U.S. dollars. This allows the fund to diversify its portfolio by including foreign entities without the complexities of cross-border transactions.
• Other U.S. Listings of Foreign Common Stocks: Including U.S.-listed shares of foreign corporations offers further diversification and exposure to international markets, providing a balanced mix within the portfolio that aims to capitalize on the growth of companies operating outside the U.S.
• Other Mutual Funds: By investing in other mutual funds, the fund leverages additional expertise and strategies, potentially enhancing its diversification and ability to navigate various market conditions. This collective investment in mutual funds allows for indirect investment in a wider array of assets, broadening the fund's exposure and prospect for growth.