Fund Evaluator:

Federated Hermes Intl Strat Val Div C Overview

Federated Hermes Intl Strat Val Div C (IVFCX) is an actively managed International Equity Foreign Large Value fund. Federated launched the fund in 2008.

The investment seeks to provide income and long-term capital appreciation. The fund pursues its investment objective by investing primarily in equity securities of companies based in countries outside the United States, consisting principally of high dividend-paying stocks with dividend growth potential. It generally invests in large-cap or mid-cap stocks and may also hold depositary receipts and real estate investment trusts. The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in dividend-paying securities.

About Federated Hermes Intl Strat Val Div C (IVFCX)

There are 4 members of the management team with an average tenure of 8.27 years: Deborah Bickerstaff (2014), Jared Hoff (2015), Darren Catanzaro (2026), Michael Tucker (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World ex USA NR USD index with a weighting of 100% and MSCI World ex USA HDY NR USD index with a weighting of 100%. Federated Hermes Intl Strat Val Div C has 45 securities in its portfolio. The top 10 holdings constitute 35.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Federated Hermes Intl Strat Val Div C is part of the Equity global asset class and is within the International Equity fund group. Federated Hermes Intl Strat Val Div C has 97.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.2%. There is 97.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Federated Hermes Intl Strat Val Div C has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $976 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IVFCX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Federated Hermes Intl Strat Val Div C expense ratio is high compared to funds in the Foreign Large Value category. Federated Hermes Intl Strat Val Div C has an expense ratio of 1.95%, which is 86% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Federated Hermes Intl Strat Val Div C has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of July 2026, Federated Hermes Intl Strat Val Div C returned 3.7%, which earned it a grade of C, as the Foreign Large Value category had an average return of 3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Federated Hermes Intl Strat Val Div C has a trailing yield of 2.59%, which is below the 2.78% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Federated Hermes Intl Strat Val Div C Grades

Year to date, the fund has returned 10.8%, 4.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 22.4% over the past year (grade of F), 13.6% over the past three years (grade of F) and 9.3% per year over the past five years (grade of F) and 6.1% per year over the past 10 years (grade of F).

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