Federated Hermes International Leaders Fund Class R6 Shares (FGRSX) is an open-end mutual fund that seeks long-term capital growth primarily through investments in equity securities of non-U.S. companies selected for their leadership positions in global industries; it employs a bottom-up approach focusing on high-quality growth stocks with strong competitive advantages, sustainable earnings growth, and attractive valuations, including holdings in developed and emerging markets across Europe, Asia, and other regions. The fund offers Class R6 shares, which feature a low expense ratio (with voluntary waivers in effect through at least February 2026), no sales loads, and institutional-grade access for eligible investors such as retirement plans and endowments; it may utilize derivative instruments for hedging or efficient portfolio management, while maintaining diversification to mitigate risks associated with international equities, currency fluctuations, and emerging market volatility. Managed by Federated Hermes, Inc., a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, the fund operates within the firm's broader equity strategies segment serving institutional and individual investors worldwide.
The R6 share class commenced operations on August 5, 2013, building on the fund's earlier classes with performance history adjusted for comparative purposes. Federated Hermes, which oversees FGRSX, has expanded its capabilities through strategic moves including the 2018 majority acquisition of Hermes Investment Management to bolster ESG and international expertise, followed by a 2020 rebranding to reflect its commitment to responsible investing. Most recently, in October 2025, Federated Hermes agreed to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S.-based real estate investment manager with $3.8 billion in client assets as of June 30, 2025, for up to $331 million; this transaction enhances the firm's private markets and alternatives offerings, particularly in U.S. multifamily real estate, complementing its existing U.K. real estate operations and $19 billion in non-U.S. alternatives assets. These developments support Federated Hermes' growth in diversified asset classes amid rising demand for private markets solutions.