Federated Hermes International Strategic Value Dividend Fund A
IVFAX
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- Federated Hermes International Strategic Value Dividend Fund A (IVFAX) is an open-end mutual fund that seeks income and long-term capital appreciation by investing primarily in equity securities of non-U.S. companies, principally high dividend-paying stocks with dividend growth potential; at least 80% of its net assets plus any borrowings for investment purposes are committed to such dividend-paying securities, focusing on large-cap value stocks across sectors including utilities, consumer defensive, healthcare, communication services, and energy. The fund offers Class A shares with a front-end load of 5.50%, a net expense ratio of 1.11%, and a minimum initial investment of $1,500, targeting retail and institutional investors seeking foreign large value exposure through diversified holdings such as Sanofi SA, Allianz SE, Novartis AG, Italgas SpA, and TotalEnergies SE; its portfolio is geographically concentrated in the Eurozone (41.26%), Canada (17.12%), the United Kingdom (16.62%), and Europe ex-Euro (11.43%), with 96.92% in non-U.S. stocks as of the latest data. Launched on June 4, 2008, and managed by a team led by Daniel Peris (since inception) alongside Deborah Bickerstaff, Jared Hoff, and Michael Tucker, IVFAX operates as a share class of the broader fund domiciled in the United States and distributed by Federated Securities Corp. Federated Hermes, the fund's investment manager founded in 1955 and headquartered at 1001 Liberty Avenue in Pittsburgh, Pennsylvania, provides a comprehensive suite of equity, fixed-income, alternative, multi-asset, and liquidity management strategies including mutual funds, ETFs, separate accounts, closed-end funds, and collective investment trusts to corporate, institutional, and individual clients globally. In recent developments, Federated Hermes has expanded its private markets capabilities through strategic acquisitions, including an agreement in October 2025 to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in client assets focused on multifamily properties, and the completion in April 2025 of a majority stake purchase in Rivington Energy Management Limited, a UK-based renewable energy project developer; these moves complement the firm's existing U.K. real estate and infrastructure offerings while bolstering U.S. alternatives exposure amid record assets under management of $871.2 billion as of Q3 2025.