Federated Hermes Emerging Markets Equity Fund Class Institutional (PIEFX)

Fund Assets	90.94M
Expense Ratio	0.99%
Min. Investment	$1,000,000
Turnover	26.00%
Dividend (ttm)	0.35
Dividend Yield	1.40%
Dividend Growth	102.76%
Payout Frequency	Annual
Ex-Dividend Date	Dec 22, 2025

Previous Close	25.12
YTD Return	21.86%
1-Year Return	23.05%
5-Year Return	26.87%
52-Week Low	19.45
52-Week High	28.80
Beta (5Y)	0.91
Holdings	56
Inception Date	Mar 31, 2017

About PIEFX

The Federated Hermes Emerging Markets Equity Fund Class Institutional is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities linked to emerging-market countries. Launched in 2017, this fund typically allocates at least 80% of its net assets to equities from companies operating within or deriving significant revenues from emerging markets, spanning a range of market capitalizations. It maintains a diversified portfolio, often holding more than 50 different securities, with major exposures in leading sectors and companies from Asia and Latin America, such as semiconductor manufacturers and technology firms. This fund provides institutional investors with access to the growth potential of emerging economies while managing risk through broad country and sector diversification. Its notable features include a relatively high minimum investment and a competitive expense ratio for its share class, positioning it as a specialized vehicle for capturing the dynamic opportunities and unique risks present in emerging equity markets.

• Fund Family: Federated
• Category: Diversified Emerging Mkts
• Performance Rating: Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: PIEFX
• Share Class: Institutional Shares
• Index: MSCI EM (Emerging Markets) NR USD

Performance

PIEFX had a total return of 23.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.78%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FRIEX	Class R6 Shares	0.93%

Top 10 Holdings

58.75% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	13.23%
SK hynix Inc.	000660	11.93%
Samsung Electronics Co., Ltd.	005930	7.03%
Samsung Electro-Mechanics Co., Ltd.	009150	5.40%
Federated Hermes Govt Obl Premier	GOFXX	5.27%
MediaTek Inc.	2454	4.42%
Tencent Holdings Limited	0700	3.31%
ASPEED Technology Inc.	5274	3.02%
Alibaba Group Holding Limited	9988	2.59%
MercadoLibre, Inc.	MELI	2.53%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$0.3451	Dec 23, 2025
Dec 23, 2024	$0.1702	Dec 24, 2024
Dec 21, 2023	$0.0856	Dec 22, 2023
Dec 22, 2022	$0.1301	Dec 23, 2022
Dec 20, 2018	$0.20911	Dec 21, 2018
Dec 21, 2017	$0.06051	Dec 22, 2017

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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