Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. The Funds investment objective is to provide long-term capital growth.
Strategy. The Fund pursues its investment objective of long-term capital growth by investing primarily in a portfolio of equity securities issued by foreign (non-U.S.) companies that the Funds investment adviser, Federated Global Investment Management Corp. (the Adviser), has deemed as the best opportunities across its investable universe relative to the companys competitive position or its growth prospects. The Adviser expects that, normally, the Fund will be invested primarily in foreign stocks in developed markets. The Fund is permitted, however, to invest in companies from both developed (including the United States) and emerging market countries. The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets . The … The Fund pursues its investment objective of long-term capital growth by investing primarily in a portfolio of equity securities issued by foreign (non-U.S.) companies that the Funds investment adviser, Federated Global Investment Management Corp. (the Adviser), has deemed as the best opportunities across its investable universe relative to the companys competitive position or its growth prospects. The Adviser expects that, normally, the Fund will be invested primarily in foreign stocks in developed markets. The Fund is permitted, however, to invest in companies from both developed (including the United States) and emerging market countries. The strategy gives broad exposure to industry leading companies in developed markets, many of which have a strong or growing presence in the emerging markets . The Fund may invest in exchange-traded funds, derivative contracts (such as options, swaps and futures contracts) and hybrid instruments (such as notes linked to underlying securities, indices or commodities) in order to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolios exposure to the investment(s) underlying the derivative contract or hybrid instrument in an attempt to benefit from changes in the value of the underlying investment(s) or to obtain premiums from the sale of derivative contracts. The Fund may also hedge its currency risk by using derivatives such as futures or forward contracts.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ASTRAZENECA PLC | — | $55.17M | 3.21% |
| Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | GOFXX | $39.87M | 2.32% |
| SSE PLC | — | $39.25M | 2.28% |
| ORANGE | — | $38.04M | 2.21% |
| HSBC HOLDINGS PL | — | $36.77M | 2.14% |
| KEYENCE CORP | — | $34.89M | 2.03% |
| SAMSUNG ELECTRONICS CO LTD | — | $33.59M | 1.95% |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | AIQUF | $32.86M | 1.91% |
| SHELL PLC | — | $32.01M | 1.86% |
| HITACHI LTD | — | $31.36M | 1.82% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Federated Hermes International Equity Fund · PIUIX, PEIRX, PMIEX, PIUCX | 39% | 0.90% |
| JPMorgan International Hedged Equity Laddered Overlay ETF · HOLA | 38% | 0.50% |
| JPMorgan International Research Enhanced Equity ETF · JIRE | 38% | 0.24% |
Advisers
| Firm | Role |
|---|---|
| Federated Advisory Services Company | Adviser |
| Federated Global Investment Management Corp. | Adviser |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.