- Federated Hermes Muni &
Stock Advantage Fund and Federated Hermes SDG Engagement Equity
Fund recognized for three-year performance.
PITTSBURGH, March 14,
2024 /PRNewswire/ -- Federated Hermes, Inc.
(NYSE: FHI), a global leader in active, responsible investing,
today announced that Federated Hermes Muni & Stock Advantage
Fund and Federated Hermes SDG Engagement Equity Fund were
recognized by the 2024 LSEG Lipper Fund Awards for consistently
strong risk-adjusted three-year performance.
Federated Hermes Muni & Stock
Advantage Fund (IS class) outperformed 308 fund share classes and
76 portfolios in the Mixed-Asset Target Allocation Conservative
Funds category for the three-year period ended Nov. 30, 2023. The fund pursues tax-advantaged
income with a secondary objective of capital appreciation through a
diversified portfolio of municipal bonds and primarily
dividend-paying stocks that are intended to qualify for
tax-advantaged treatment. The balance of an equity strategy that
targets higher-quality companies and a bond strategy that
integrates views on both interest rate and credit cycles can also
help to reduce portfolio volatility. The fund is led by
Michael Jura and Ann Ferentino, with support from Steven Chiavarone, R.J. Gallo and Stephen Gutch. With an average 22
years of investment experience, the investment team is equipped
with a diverse range of equity, fixed-income and asset-allocation
knowledge and perspectives.
Federated Hermes SDG Engagement Equity Fund (IS class)
outperformed 119 fund share classes and 37 portfolios in the Global
Small-/Mid-Cap Funds category for the three-year period ended
Nov. 30, 2023. The fund seeks to
provide long-term capital appreciation alongside positive societal
impact by investing primarily in equity securities of small- and
mid-cap companies in U.S. and foreign markets. With 34 years
of experience, portfolio manager Hamish Galpin follows a
strategy that is committed to responsible investment practices
through investments that are aligned with the Sustainable
Development Goals (SDGs).
"The 2024 LSEG Lipper Awards underscore the impact of our
skilled, independent investment teams' ruthless vetting process,
emphasis on collaboration and flexibility to leverage distinct
insights in a manner believed to be best suited to their respective
opportunity set and mandate," said John B.
Fisher, president and chief executive officer, Federated
Advisory Companies. "With a 65-year heritage of active management
and the drive to pursue strong and consistent risk-adjusted
returns, Federated Hermes continues to build client trust through
its solutions-based approach that targets a broad range of outcomes
for a volatile world."
Federated Hermes, Inc. is a global leader in active, responsible
investment management, with $757.6
billion in assets under management, as of Dec. 31, 2023. We deliver investment solutions
that help investors target a broad range of outcomes and provide
equity, fixed-income, alternative/private markets, multi-asset and
liquidity management strategies to more than 10,000 institutions
and intermediaries worldwide. Our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
###
The LSEG Lipper Fund Awards, granted annually, highlight funds
and fund companies that have excelled in delivering consistently
strong risk-adjusted performance relative to their peers.
The LSEG Lipper Fund Awards are based on the Lipper Leader for
Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. The fund with the
highest Lipper Leader for Consistent Return (Effective Return)
value in each eligible classification wins the LSEG Lipper Fund
Award. For more information, see lipperfundawards.com. Although
LSEG makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not
guaranteed by LSEG Lipper.
Past performance is no guarantee of future results.
Bond prices are sensitive to changes in interest rates, and a
rise in interest rates can cause a decline in their prices.
Other classes of shares are available whose performance will
vary due to different charges and expenses.
Mutual funds are subject to risks and fluctuate in value.
Diversification does not assure a profit nor protect against
loss.
As indicated in its name, Federated Hermes Muni and Stock
Advantage Fund invests in both municipal (muni) securities and
equity securities (stock) as described in the fund's prospectus.
Thus, the fund is not entirely a "tax-exempt" or "municipal" fund,
and a portion of the income derived from the fund's portfolio (or
dividend distributions) will be subject to federal income tax and
most distributions will be subject to applicable state and local
personal income tax.
There are no guarantees that dividend-paying stocks will
continue to pay dividends. In addition, dividend-paying stocks may
not experience the same capital appreciation potential as
non-dividend-paying stocks.
Federated Hermes SDG Engagement Equity Fund may invest in small
capitalization (or "small-cap") companies. Small-cap companies may
have less liquid stock, a more volatile share price, unproven track
records, a limited product or service base and limited access to
capital. The above factors could make small-cap companies more
likely to fail than larger companies and increase the volatility of
the fund's portfolio, performance and price. Suitable securities of
small-cap companies also can have limited availability and cause
capacity constraints on investment strategies for funds that invest
in them.
The SDG Engagement Fund's strategy is to target companies that
the adviser or sub-adviser believes will contribute positive
societal impact aligned to the SDGs. The fund may underperform
funds that do not have such a strategy.
International investing involves special risks including
currency risk, increased volatility, political risks, and
differences in auditing and other financial standards.
Investors should carefully consider the fund's investment
objectives, risks, charges and expenses before investing. To obtain
a summary prospectus or prospectus containing this and other
information, contact us or visit FederatedHermes.com/us. Please
carefully read the summary prospectus or prospectus before
investing.
Federated Securities Corp., Distributor
View original
content:https://www.prnewswire.com/news-releases/federated-hermes-earns-two-lseg-lipper-fund-awards-302089411.html
SOURCE Federated Hermes, Inc.