Federated Hermes International Strategic Value Dividend Fund Class IS
IVFIX
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- Federated Hermes International Strategic Value Dividend Fund Class IS (IVFIX) 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; it focuses on large-cap value stocks in the foreign large value category, with approximately 97% allocated to non-U.S. stocks, supplemented by minimal U.S. equity, cash, and derivative instruments for risk management. The fund offers institutional shares with a net expense ratio of 0.86%, daily pricing, a minimum initial investment of $1 million, and a weighted average dividend yield targeted above the broad international equity market benchmark. Managed actively through fundamental analysis emphasizing dividend sustainability and growth, it targets institutional investors seeking international exposure with income generation and capital growth. Portfolio management includes lead managers Jared Hoff (since 2015), comanagers Deborah Bickerstaff (since 2014) and Michael Tucker (since 2017), with Daniel Peris transitioning from comanager effective January 31, 2026, while retaining leadership of the strategic value dividend team; Darren Catanzaro was promoted to comanager on January 31, 2026, as part of ongoing succession planning. IVFIX operates within the $788 million share class and contributes to Federated Hermes' broader $871 billion assets under management as of Q3 2025, domiciled in the United States with availability limited to U.S. investors. Federated Hermes, the fund's adviser founded in 1955 and headquartered in Pittsburgh, Pennsylvania, recently announced portfolio manager retirements and transitions across strategies effective 2026, alongside executive leadership changes including Paul Uhlman succeeding John Fisher as President and CEO of Federated Advisory Companies in April 2026; the firm expanded its private markets platform through the October 2025 agreement to acquire a majority interest in FCP Fund Manager L.P., a U.S. real estate firm focused on multifamily assets, following its April 2025 purchase of Rivington Energy Management and an August 2025 fund merger with Legal & General.