Federated Hermes International Leaders ETF (FHIL)

Federated Hermes International Leaders ETF (FHIL) is an actively managed equity exchange-traded fund from Federated Hermes, launched in 2026. It invests mainly in companies headquartered outside the United States.

The managers concentrate on value-oriented companies in developed international markets, using fundamental company analysis and valuation discipline to identify businesses they consider industry leaders trading at attractive prices. The fund also has flexibility to hold some U.S. and emerging-market companies when opportunities arise.

As an active fund it does not track an index, and its country and sector exposures reflect bottom-up stock selection. Holdings often include large European and Japanese companies across sectors such as health care, industrials, technology and financials. The managers favor established firms with strong market positions whose shares they view as priced below their long-term worth.