# Portfolio overlap — PIUIX vs IVLU

Comparing **Federated Hermes International Equity Fund** (2026-02-28) and **iShares MSCI Intl Value Factor ETF** (2026-01-31).

- Shared positions: 44
- Federated Hermes International Equity Fund covered by iShares MSCI Intl Value Factor ETF: 0.2365241445732744978494462432
- iShares MSCI Intl Value Factor ETF covered by Federated Hermes International Equity Fund: 0.2365241445732744978494462433

## Federated Hermes International Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FED HRMS INT GR FUND-IS | 0.499275 |  |
| HSBC HOLDINGS PL | 0.017676 | ✓ |
| SHELL PLC | 0.016158 | ✓ |
| SSE PLC | 0.013245 | ✓ |
| MITSUBISHI UFJ F | 0.012531 | ✓ |
| BANCO SANTANDER SA | 0.012409 | ✓ |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.012061 | ✓ |
| MIZUHO FINANCIAL | 0.011619 | ✓ |
| ORANGE | 0.011447 | ✓ |
| KAWASAKI HVY IND | 0.010471 |  |
| GLENCORE PLC | 0.009446 | ✓ |
| SAINT GOBAIN | 0.009320 | ✓ |
| BNP PARIBAS | 0.009281 | ✓ |
| IMPERIAL BRANDS | 0.009252 | ✓ |
| BBVA | 0.008960 | ✓ |
| NATWEST GROUP PLC | 0.008863 | ✓ |
| RENTOKIL INITIAL | 0.008803 |  |
| AXA | 0.008795 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.008583 |  |
| MITSUBISHI ESTAT | 0.008340 | ✓ |
| SIEMENS AG-REG | 0.007954 | ✓ |
| BARCLAYS PLC | 0.007933 | ✓ |
| ANGLO AMER PLC | 0.007826 |  |
| SONY GROUP CORP | 0.007733 |  |
| TOYOTA MOTOR CORP | 0.007318 | ✓ |
| UNICREDIT SPA | 0.007249 | ✓ |
| SMURFIT WESTROCK PLC | 0.007231 |  |
| Common Stock | 0.007162 | ✓ |
| Novartis AG (Registered) | 0.006994 | ✓ |
| DEUTSCHE TELEKOM | 0.006916 | ✓ |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.006893 |  |
| MS&AD INSURANCE | 0.006883 | ✓ |
| MELROSE INDUSTRI | 0.006881 |  |
| MARKS & SPENCER | 0.006740 | ✓ |
| MERLIN PROPERTIE | 0.006407 |  |
| TOTALENERGIES SE | 0.006142 | ✓ |
| BARRATT REDROW P | 0.006130 | ✓ |
| HEINEKEN NV | 0.005738 |  |
| BREEDON GROUP PL | 0.005553 |  |
| ERSTE GROUP BANK | 0.005494 | ✓ |
| KDDI Corporation | 0.005401 | ✓ |
| ACCOR SA | 0.005351 |  |
| Kerry Group Public Limited Company | 0.005189 |  |
| ALSTOM | 0.005165 | ✓ |
| NESTLE SA (REG) | 0.005119 |  |
| AVIVA PLC | 0.005109 | ✓ |
| LEGRAND SA COMMON STOCK | 0.005026 |  |
| DEUTSCHE BANK-RG | 0.004957 | ✓ |
| ENEL SPA | 0.004837 | ✓ |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.004765 |  |

## iShares MSCI Intl Value Factor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| HSBC HOLDINGS PL | 0.022351 | ✓ |
| TOYOTA MOTOR CORP | 0.021604 | ✓ |
| BRITISH AMERICAN TOBACCO PLC | 0.020682 |  |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.019028 | ✓ |
| BANCO SANTANDER SA | 0.017529 | ✓ |
| BNP PARIBAS | 0.017181 | ✓ |
| Novartis AG (Registered) | 0.016747 | ✓ |
| SIEMENS AG-REG | 0.014146 | ✓ |
| SHELL PLC | 0.012347 | ✓ |
| Sanofi SA | 0.012028 |  |
| BARCLAYS PLC | 0.011842 | ✓ |
| MITSUI & CO | 0.011507 |  |
| MITSUBISHI UFJ F | 0.011220 | ✓ |
| BBVA | 0.010831 | ✓ |
| Bayer Aktiengesellschaft | 0.010581 |  |
| TOTALENERGIES SE | 0.010555 | ✓ |
| GSK PLC | 0.010094 |  |
| DEUTSCHE TELEKOM | 0.009871 | ✓ |
| MITSUBISHI CORP | 0.009800 |  |
| UNICREDIT SPA | 0.009376 | ✓ |
| SOC GENERALE SA | 0.009110 | ✓ |
| SUMITOMO MITSUI FINL GROUP INC | 0.009054 |  |
| BHP GROUP LTD | 0.008858 |  |
| SUMITOMO CORP | 0.008792 |  |
| RIO TINTO PLC | 0.008592 |  |
| MERCEDES-BENZ GR | 0.008490 |  |
| DEUTSCHE BANK-RG | 0.008350 | ✓ |
| INFINEON TECH | 0.008244 |  |
| ITOCHU CORP | 0.008077 |  |
| MARUBENI CORP | 0.007510 |  |
| VINCI SA | 0.007403 |  |
| NOKIA OYJ | 0.007391 | ✓ |
| RENESAS ELECTRON | 0.007360 | ✓ |
| MIZUHO FINANCIAL | 0.007239 | ✓ |
| CK HUTCHISON HOLDINGS LTD COMMON STOCK HKD1.0 | 0.007018 |  |
| ING GROEP NV | 0.006878 |  |
| CANON INC | 0.006855 |  |
| HONDA MOTOR CO | 0.006820 |  |
| VOLKSWAGEN-PREF | 0.006810 |  |
| LLOYDS BANKING | 0.006759 |  |
| Vodafone Group Public Limited Company | 0.006585 |  |
| NATWEST GROUP PLC | 0.006402 | ✓ |
| INTESA SANPAOLO | 0.006360 |  |
| ANHEUSER-BUSCH INBEV SA/NV | 0.006214 | ✓ |
| ARCELORMITTAL | 0.005974 |  |
| TEVA PHARMACEUTICAL IND ADR | 0.005943 |  |
| DHL GROUP | 0.005597 |  |
| Volvo AB - B Shares | 0.005505 |  |
| Common Stock | 0.005463 | ✓ |
| SAINT GOBAIN | 0.005352 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001707560-26-000061` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1707560/000170756026000061/0001707560-26-000061-index.htm>
- N-PORT (fund B) — accession `0001410368-26-031807` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031807/0001410368-26-031807-index.htm>

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