Select country Select investor Press Glossary Subscription Centre About Products Capabilities Responsibility & Stewardship Insights Contact ` Home » Important Information IMPORTANT INFORMATION The information contained on this website is for Professional Investors only. Federated Hermes refers to the international business of Federated Hermes (“Federated Hermes”). Usage of this Website: Federated Hermes' products and services referred to on this website are not available to the general public in any jurisdiction, and the information provided does not constitute an offer, invitation to acquire or sell any service, product or security referred to on this website. You are not permitted to re-publish any Federated Hermes information obtained from this website without Federated Hermes’ prior consent. You acknowledge that you are accessing this website on your own initiative and are responsible for ensuring your awareness of and adherence to all laws and regulations applicable in your own jurisdiction. Federated Hermes uses a web analytics service to monitor the usage on the website. English language: By using this website you consent to communicating with Federated Hermes in English unless you inform us otherwise. Recording of calls: Telephone calls will be recorded for monitoring purposes. This site is operated by Hermes Fund Managers Limited (Company No: 01661776) whose registered office is situated at Sixth Floor, 150 Cheapside, London EC2V 6ET. The following companies are either a subsidiary of or affiliated with Hermes Fund Managers Limited, and all form part of the international business of Federated Hermes: Hermes Investment Management Limited (“HIML”); Hermes Alternative Investment Management Limited (“HAIML”); Hermes Fund Managers Ireland Limited (“HFMIL”); Hermes Real Estate Investment Management Limited (“HREIML”); Hermes Equity Ownership Limited (“EOS”); Hermes Stewardship North America Inc. ("HSNA"); Hermes GPE LLP (“Hermes GPE”); Hermes GPE (USA) Inc (“Hermes GPE USA”) and Hermes GPE (Singapore) Pte. Limited (“HGPE Singapore”). HIML and HAIML are each authorised and regulated by the Financial Conduct Authority. HAIML and HIML carry out regulated activities associated with HREIML. HIML, Hermes GPE and Hermes GPE USA are each a registered investment adviser with the United States Securities and Exchange Commission (“SEC”). HGPE Singapore is regulated by the Monetary Authority of Singapore. HFMIL is authorised and regulated by the Central Bank of Ireland. HREIML, EOS and HSNA are unregulated and do not engage in regulated activity. In Canada: HIML is not registered in Canada as a dealer, adviser or investment fund manager under applicable Canadian securities laws. Except for the provinces of Alberta, British Columbia, Ontario, Quebec and Nova Scotia, HIML does not engage in the business of, and none of its activities should be construed as holding itself out as engaging in the business of, advising anyone in any Canadian jurisdiction with respect to investing in, buying or selling securities. In the provinces of Alberta, British Columbia, Ontario, Quebec and Nova Scotia, HIML relies on the international adviser registration exemption pursuant to section 8.26 of National Instrument 31-103– Registration Requirements, Exemptions and Ongoing Registrant Obligations. Prior to carrying on any investment advisory or portfolio management services for a client located in a Canadian jurisdiction other than Alberta, British Columbia, Ontario, Quebec or Nova Scotia, HIML will first need to take certain steps to either obtain the appropriate registration or rely on an available exemption from registration. Some of the information provided in this document was obtained from a third party and has not been reviewed by Federated Hermes for accuracy. This document does not constitute, in whole or in part, an offering memorandum. Investing with Federated Hermes may be restricted in some countries and as such, any person who receives this information are required to make themselves aware of their respective jurisdictions and observe any restrictions. The value of investments and income from them may go down as well as up, and you may not get back the original amount invested. Past performance is not a reliable indicator of future results and targets are not guaranteed. No Warranties or Representations: Federated Hermes has expressed its own views and opinions on this website, and these may change from time to time. Federated Hermes may make changes to the information available on the website at any time without notice. No warranties or representations whether express or implied (including, without limitation, implied warranties of merchantability, fitness for purpose, non-infringement of third-party rights, freedom from viruses or other harmful code) are given by Federated Hermes in connection with this website. Federated Hermes accepts no liability for any damage or loss whatsoever including loss of profit (whether direct, indirect or consequential) in respect of the use of this website or its content and is not responsible for any interruptions or delays in service which may occur. Accuracy of information: Information contained on this website is believed in good faith to be correct at the time of posting. In the event that any articles, papers or publications are posted on the website, then such items reflect information available and the views of the authors as at the date of publication. However, errors or omissions in the information may occur because of a number of factors which are inherent in any internet access system and are not within Federated Hermes’ reasonable control. In view of the above, you are advised to confirm the accuracy of any information obtained from this website with Federated Hermes before seeking to rely on such information. Investment Advice: This website is not intended to be used as a tool for providing investment advice on the merits or suitability of products and no information contained within this website should be construed as such. This website provides information about Federated Hermes’ products and services and does not provide advice to clients. Please seek your own legal, investment and tax advice as you deem appropriate. This website is for information only. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Offering Documents and Private Placement Memoranda: This website contains certain offering documents including prospectuses and private placement memoranda. These documents contain important information including charges, tax and fund specific warnings, which should be read carefully to ensure that they are fully understood prior to you proceeding with investment decisions. Risks: For a full list of all the risks associated with individual products you should read any relevant offering documents. Where a fund invests in debt instruments (such as bonds) there is a risk that the entity who issues the contract will not be able to repay the debt or to pay the interest on the debt. If this happens then the value of the Fund may vary sharply in value or result in loss. Also, the value of the debt instrument may go up or down with changing interest rates. The value of equities (such as shares in a company) can be affected by market movements. Other influential factors include political and economic news, company earnings and significant corporate events. Currency fluctuations between the share class currency and the base currency of a fund may adversely affect the value of an investment a fund. The performance of a fund that invests in emerging markets will have significant dependence on the economic environment of emerging markets. Because of this (i) the fund’s investments may be difficult to buy and sell, (ii) the price of the fund’s investments are likely to go up and down more than shares of companies in developed markets, (iii) the exchange rate of foreign currencies in emerging markets are subject to greater fluctuations, (iv) there may be restrictions on removing the funds or other assets from the jurisdiction, (v) there is less publicly available information about the companies, (vi) there may be higher costs, (vii) the markets may not be as well regulated, (viii) there may be governmental interference, (ix) there may be higher inflation and more social, economic and political uncertainties than in developed markets. Where a fund will have many investments in shares of small and mid-sized companies, because they are not large companies (i) their shares may be difficult to buy and sell (ii) they may rely on less diversified streams of revenue (iii) the price of their shares are likely to go up and down more than shares of larger companies. Where a fund will be exposed to any institutions providing custody of assets, deposits or acting as counterparty on financial Derivatives. In the event of a counterparty experiencing financial difficulties, the fund may be exposed to financial loss. Where a fund may invest in secured or unsecured loans. Loans that are fully secured offer the fund more protection than an unsecured loan, in the event of non-payment of scheduled interest or principal. However, there is no assurance that the sale of assets from a secured loan would satisfy the borrower’s obligation. The use of leverage may result in large fluctuations in the net asset value of a fund, amplifying both gains and losses. Where a fund makes extensive use of Financial Derivative Instruments (FDIs), the value of which depends on the performance of an underlying asset. Small changes in the price of that asset may cause larger changes in the value of the FDIs, increasing either potential gain or loss. FDIs can be used to alter the exposure to underlying Investments. Depending on how they are used, FDIs may increase or decrease the overall volatility of the fund and carry the risk of substantial loss in market conditions which are not expected by the Investment Manager at the time the FDIs are entered into. In difficult market conditions, certain investments may be harder to sell at the last quoted market price. Asset Backed Securities do not have security interest in the underlying assets and the ability to enforce security may be limited. Mortgage Backed Securities have a higher risk of decline during periods of rising interest rates. The complexity of these instruments may make valuation more difficult and a fund may need to invest the proceeds from Investing in property is an illiquid investment and may result in deferment of redemption of units. The value of the property is a matter of a valuer’s opinion rather than fact. Federated Hermes Investment Funds Plc (FHIF) is an open-ended investment company with variable capital and with segregated liability between its sub-funds (each, a “Fund”). FHIF is incorporated in Ireland and authorised by the Central Bank of Ireland (“CBI”). FHIF appoints Hermes Fund Managers Ireland Limited (“HFMIL”) as its management company. HFMIL is authorised and regulated by the CBI. Further information on investment products and any associated risks can be found in the Fund’s Key Investor Information Document (“KIID”), the Prospectus, the articles of association and the annual and semi-annual reports. In the case of any inconsistency between the descriptions or terms in this website and the Prospectus, the Prospectus shall prevail. These documents are available free of charge at the office of the Administrator, Northern Trust International Fund Administration Services (Ireland) Limited, Georges Court, 54- 62 Townsend Street, Dublin 2, Ireland. Tel (+ 353) 1 434 5002 / Fax (+ 353) 1 531 8595, and at https://www.hermes-investment.com/ie. Hermes Fund Managers Ireland Limited (“HFMIL”) is the Manager and promoter of Federated Hermes Investment Funds plc (“FHIF”), an open-ended investment company with variable capital and with segregated liability between its sub-funds, incorporated in Ireland. HFMIL is authorised and regulated by the Central Bank of Ireland. FHIF in Australia: The offer is only available to Australian wholesale clients or sophisticated investors within the meaning of sections 761G and 761GA of the Corporations Act 2001 (Cth). All distribution of the products in Australia is carried out by Federated Investors Australia Services Pty Ltd which holds an Australian Financial Services Licence (No. 433831).This offer is not provided to any person located in a jurisdiction where its provision or dissemination would be unlawful. The products advertised are issued and approved by Hermes Investment Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered Address: Sixth Floor, 150 Cheapside, London EC2V 6ET. FHIF in Switzerland: Fund information is available at the office of its representative in Switzerland (ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich www.acolin.ch). The paying agent in Switzerland is NPB Neue Privat Bank AG, Limmatquai 1, CH-8001 Zürich. FHIF in Spain: This communication has been prepared solely for information purposes and does not constitute a prospectus. While attention has been paid to the contents of this communication, no guarantee, warranty or representation, express or implied, is given to the accuracy, correctness or completeness thereof. This communication and information contained herein must not be copied, reproduced, distributed or passed to any person other than the recipient without Hermes Fund Managers Ireland Limited´s prior written consent. Neither Hermes Fund Managers Ireland Limited, its branches, subsidiaries or affiliates, nor any other company or unit belonging to the Hermes Group, nor any of its directors or employees can be held directly or indirectly liable or responsible with respect to this communication. Federated Hermes Investment Funds PLC (the Company), is duly registered with the Spanish Securities Market Commission (CNMV) under number 1394 (www.cnmv.es), where an updated list of the authorised distributors of the Company in Spain (the Spanish Distributors) can be found. This document only contains brief information on the Sub-Fund and does not disclose all of the risks and other significant aspects relevant to a potential investment in the Sub-Fund. In addition, a copy of the report on the planned types of marketing in Spain must be provided using the form published on the CNMV website. All mandatory official documentation shall be available through the Spanish Distributors, in hard copy or by electronic means, and also available upon request by dialling +44(0)20 7702 0888, writing to marketing@hermes-investment.com or consulting https://www.hermes-investment.com/es/, where you may also obtain updated information on the net asset value of the relevant shares available in Spain. FHIF in Singapore: This website and the information contained herein shall not constitute an offer to sell or the solicitation of any offer to buy which may only be made at the time a qualified offeree receives a Federated Hermes Investment Funds Public Limited Company prospectus, as supplemented with the global supplement, the relevant fund supplement, and the relevant Singapore supplement (the “prospectus”), describing the offering and the related subscription agreement. In the case of any inconsistency between the descriptions or terms in this website and the prospectus, the prospectus shall control. For the avoidance of doubt, this website has not been prepared for delivery to and review by persons to whom any offer of units in a scheme is to be made so as to assist them in making an investment decision. This website and the information contained herein shall not constitute part of any information memorandum. Without prejudice to anything contained herein, neither this website nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. This website is being furnished on a confidential basis and solely for information and may not be reproduced, disclosed, or distributed to any other person. Target audience in Singapore: the following describes what is meant by Accredited and Institutional investors: An Accredited Investor includes: 1. an individual with net personal assets of more than S$2m, or financial assets (net liabilities) of more than S$1m, or whose income in the preceding 12m is at least S$300,000 (or the equivalent in foreign currency or any other amount the MAS prescribe in place of these amounts). Financial asset means a) a deposit as defined in section 4B of the Banking Act (Cap. 19); b) an investment product as defined in section 2(1) of the Financial Advisers Act (Cap. 110); or c) any other asset as may be prescribed by regulations made under section 341 of the SFA; 2. a corporation with net assets greater than S$10 m (or the equivalent in foreign currency or any other amount the MAS prescribe in place of these amounts) as determined by a)the most recent audited balance-sheet or b) where audited accounts not required regularly, a balance-sheet certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months; 3. any trust all the beneficiaries of which are accredited investors within the meaning of section 4A(1)(a)(i), (ii) or (iv) of the SFA; 4. any trust all the settlors of which a) are accredited investors within the meaning of section 4A(1)(a)(i), (ii) or (iv) of the SFA; b) have reserved to themselves all powers of investment and asset management functions under the trust; and c) have reserved to themselves the power to revoke the trust; 5. any trust the subject matter of which exceeds S$10 million (or its equivalent in a foreign currency) in value; 6. an entity (other than a corporation) with net assets exceeding S$10 million (or its equivalent in a foreign currency) in value; 7. a partnership (other than a limited liability partnership) in which every partner is an accredited investor; 8. a corporation the entire share capital of which is owned by one or more persons, all of whom are accredited investors; 9. a person who holds a joint account with an accredited investor, in respect of dealings through that joint account; or 10. such other person as the MAS may prescribe. An Institutional Investor includes: 1. the Singapore Government; 2. a Singapore statutory board as may be prescribed by regulations made under section 341. The statutory boards set out in Schedule I1 below; 3. An entity wholly and beneficially owned directly or indirectly by a central government of a country, and whose principal activity is a) to manage its own funds; b) to manage the funds of the central government of that country (which may include the reserves of that central government and any pension or provident fund of that country); or c) to manage the funds of another entity wholly and beneficially owned by the central government of that country (the funds may include the reserves of that central government and any pension or provident fund of that country). 4. any entity that is wholly and beneficially owned directly or indirectly by the central government of a country, whose funds are managed by an entity mentioned in sub-paragraph c) above; 5. a central bank or central government in a jurisdiction other than Singapore; 6. an agency (of a central government in a country other than Singapore) that is incorporated or established in a country other than Singapore; 7. a multilateral agency, international organisation or supranational agency as may be prescribed by regulations made under section 341. The multilateral agencies, international organisations and supranational agencies set out in Schedule II2 are so prescribed;8. a bank that is licensed under the Banking Act (Cap. 19); 9. a merchant bank that is approved as a financial institution under section 28 of the Monetary Authority of Singapore Act (Cap. 186); 10. a finance company that is licensed under the Finance Companies Act (Cap. 108); 11. a company or co-operative society y that is licensed under the Insurance Act (Cap. 142) to carry on insurance business in Singapore; 12. a company licensed under the Trust Companies Act (Cap. 336); 13. a holder of a capital markets services licence; 14. an approved exchange, clearing house or holding company; 15. a recognised market operator or clearing house; 16. a licensed trade repository or foreign trade repository; 17. a Depository as defined in section 81SF; 18. an entity or a trust formed or incorporated in a jurisdiction other than Singapore, which is regulated for the carrying on of any financial activity in that jurisdiction by a public authority of that jurisdiction that exercises a function that corresponds to a regulatory function of the Authority under this Act, the Banking Act (Cap. 19), the Finance Companies Act (Cap. 108), the Monetary Authority of Singapore Act (Cap. 186), the Insurance Act (Cap. 142), the Trust Companies Act (Cap. 336) or such other Act as may be prescribed by regulations made under section 341; 19. a pension fund, or collective investment scheme, whether constituted in Singapore or elsewhere; 20. a person (other than an individual) who carries on the business of dealing in bonds with accredited investors or expert investors; 21. the trustee of such trust as the Authority may prescribe, when acting in that capacity; 22. a designated market maker; 23. a headquarters company or Finance and Treasury Centre which carries on a class of business involving fund management, where such business has been approved as a qualifying service in relation to that headquarters company or Finance and Treasury Centre under section 43E(2)(a) or 43G(2)(a) of the Income Tax Act (Cap. 134); 24. a person who undertakes fund management activity (whether in Singapore or elsewhere) on behalf of not more than 30 qualified investors; 25. a Service Company which carries on business as an agent of a member of Lloyd’s; 26. a corporation the entire share capital of which is owned by an institutional investor or by persons all of whom are institutional investors; 27. a partnership (other than a limited liability partnership within the meaning of the Limited Liability Partnerships Act (Cap. 163A)) in which each partner is an institutional investor, 28. such other person as the MAS may prescribe. Schedule I - Statutory boards prescribed includes: 1. Accounting and Corporate Regulatory Authority 2. Agency for Science, Technology and Research 3. Agri Food and Veterinary Authority 4. Board of Architects 5. Building and Construction Authority 6. Casino Regulatory Authority 7. Central Provident Fund Board 8. Civil Aviation Authority of Singapore 9. Civil Service College 10. Competition and Consumer Commission of Singapore 11. Council for Estate Agencies 12. Defense Science and Technology Agency 13. Economic Development Board 14. Energy Market Authority 15. Enterprise Singapore Board 16. Government Technology Agency 17. Health Promotion Board 18. Health Sciences Authority 19. Hindu Endowments Board 20. Hotels Licensing Board 21. Housing and Development Board 22. Info communications Media Development Authority 23. Inland Revenue Authority of Singapore 24. ISEAS Yusof Ishak Institute 25. Institute of Technical Education, Singapore 26. Intellectual Property Office of Singapore 27. Jurong Town Corporation 28. Land Surveyors Board 29. Land Transport Authority of Singapore 30. Majlis Ugama Islam, Singapura 31. Maritime and Port Authority of Singapore 32. Monetary Authority of Singapore 33. Nanyang Polytechnic 34. National Arts Council 35. National Council of Social Service 36. National Environment Agency 37. National Heritage Board 38. National Library Board 39. National Parks Board 40. Ngee Ann Polytechnic 41. People’s Association 42. Professional Engineers Board 43. Public Transport Council 44. Public Utilities Board 45. Republic Polytechnic 46. Science Centre Board 47. Sentosa Development Corporation 48. Singapore Corporation of Rehabilitative Enterprises 49. Singapore Dental Council 50. Singapore Examinations and Assessment Board 51. Singapore Labour Foundation 52. Singapore Land Authority 53. Singapore Medical Council 54. Singapore Nursing Board 55. Singapore Pharmacy Council 56. Singapore Polytechnic 57. Singapore Sports Council 58. Singapore Totalisator Board 59. Singapore Tourism Board 60. SkillsFuture Singapore Agency 61. Standards, Productivity and Innovation Board 62. Temasek Polytechnic 63. Traditional Chinese Medicine Practitioners Board 64. Urban Redevelopment Authority 65. Workforce Singapore Agency. Schedule II - Multilateral agencies, international organisations and supranational entities prescribed includes: 1. African Development Bank 2. Asian Development Bank 3. Asian Infrastructure Investment Bank 4. Bank for International Settlements 5. European Bank for Reconstruction and Development 6. European Economic Community 7. European Investment Bank 8. Inter-American Development Bank 9. International Bank for Reconstruction and Development (World Bank) 10. International Finance Corporation 11. International Monetary Fund. The Federated Hermes Property Unit Trust (“FHPUT”) is constituted by an amended and restated trust deed between the Appointments Committee, the Trust Manager and the Trustee. The Trust Manager, Hermes Alternative Investment Management Limited (“HAIML”), is the legal operator of FHPUT. It is authorised and regulated by the Financial Conduct Authority and has been appointed by the Appointments Committee to undertake all portfolio and risk management activities. The Trust Manager has formed a special committee, known as the FHPUT Committee, through which it considers certain matters on behalf of Unit Holders. Each of the members of the FHPUT Committee is a member of the Appointments Committee. The Trust Manager delegates certain of its property portfolio activities to Hermes Real Estate Investment Management Limited. United Kingdom Financial Services Compensation Scheme (FSCS): Potential investors in the United Kingdom are advised that compensation will not be available under the FSCS. Data Protection: Please read our Privacy Policy relating to the collection and use of your personal information. Intellectual Property Rights: Federated Hermes is the owner or the licensee of all intellectual property rights in this website, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved. You may print off one copy, and may download extracts, of any page(s) from our site for your personal reference. You must not use any part of the materials on our site for commercial purposes without obtaining a licence to do so from us or our licensors. Third Party websites: Links to third party websites are provided solely for your convenience. We have not reviewed any third party websites and are not responsible for their content. Federated Hermes therefore does not endorse or make representations about them, or any material found there, or any results that may be obtained from using them. If you access any third party websites linked to this website, you do so entirely at your own risk. IP Addresses and Cookies: We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to monitor acceptance of our disclaimers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual. For the same reason, we may obtain information about your general internet usage by using a cookie file which is stored on the hard drive of your computer. Cookies contain information that is transferred to your computer's hard drive. They help us to improve our site and to deliver a better and more personalised service. They enable us: To store information about your preferences, and so allow us to customise our site according to your individual interests. To speed up your searches. To recognise you when you return to our site. To help us improve our site through the use of web analytics. Share this page: The value of investments and income from them may go down as well as up, and you may not get back the original amount invested. Quick Links • About Us • Capabilities • Products • Insights • Podcast Library • Policies & Disclosures Press Centre Glossary Subscription Centre Connect @FedHermesIntl @CreditSpectrum @EOSFedHermes Federated Hermes - International Hermes Fund Managers Limited ("Hermes"): Registered in England & Wales No 01661776. Registered office – Sixth Floor, 150 Cheapside, London EC2V 6ET. Hermes is majority owned by Federated Hermes, Inc © Copyright Hermes Fund Managers Limited 2021 | ISO 14001 Accredited Important information Privacy Cookies Modern Slavery Statement