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Name

As of 10/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Short Duration Corporate ETF

FCSH | Active ETF

$24.26

$26.8 M

4.22%

$1.02

0.39%

Vitals

YTD Return

4.5%

1 yr return

8.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$26.8 M

Holdings in Top 10

21.4%

52 WEEK LOW AND HIGH

$24.3
$23.16
$24.58

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 10/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Short Duration Corporate ETF

FCSH | Active ETF

$24.26

$26.8 M

4.22%

$1.02

0.39%

FCSH - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Short Duration Corporate ETF
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 16, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Matthews

Fund Description

The Fund primarily invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. The Fund’s investment adviser (the “Adviser”) seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. Some of the corporate debt securities in which the Fund invests are considered to be “foreign securities,” which are securities of issuers based outside of the United States. The foreign securities in which the Fund invests will be predominately denominated in U.S. dollars. The Fund may invest up to 10% of its assets in fixed-income securities rated below investment grade. Noninvestment-grade securities may also be referred to as below investment-grade securities (“junk bonds” or high yield securities”). To pursue the Fund’s investment strategy, the Adviser can invest in instruments directly or through investing in other investment companies, including, for example, affiliated funds advised by the Adviser or its affiliates.The Fund may also invest in U.S. Treasury securities, U.S. government agency securities, (including mortgage-backed securities issued or guaranteed by U.S. government agencies or instrumentalities), mortgage-backed securities (MBS), asset-backed securities and commercial mortgage-backed securities (CMBS).The Fund may invest in derivative contracts, in particular, futures contracts, option contracts and swap contracts, to implement its investment strategies. For example, the Fund may use derivative contracts to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative in an attempt to benefit from changes in the value of the underlying investment(s). There can be no assurance that the Fund’s use of derivative contracts will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value. Consistent with the Bloomberg US Corporate 1-5 Year Index, the Fund’s benchmark, the Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but, under normal market conditions, the Fund’s dollar-weighted average effective duration is expected to be within a range of 1.5 to 3.5 years. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in corporate fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets in corporate fixed-income investments.
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FCSH - Performance

Return Ranking - Trailing

Period FCSH Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -9.6% 3.4% 95.64%
1 Yr 8.6% -12.5% -0.1% N/A
3 Yr N/A* -7.2% 2.4% N/A
5 Yr N/A* -10.8% 3.1% N/A
10 Yr N/A* -12.1% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period FCSH Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -17.7% 17.8% N/A
2022 -7.5% -20.8% 2.9% N/A
2021 N/A -2.8% 4.6% N/A
2020 N/A -50.6% 3.0% N/A
2019 N/A -3.7% 0.6% N/A

Total Return Ranking - Trailing

Period FCSH Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -9.6% 3.4% 96.98%
1 Yr 8.6% -12.5% -0.1% N/A
3 Yr N/A* -7.2% 2.4% N/A
5 Yr N/A* -8.3% 3.1% N/A
10 Yr N/A* -10.7% 2.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FCSH Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -17.7% 17.7% N/A
2022 -5.9% -20.8% 2.9% N/A
2021 N/A -2.8% 4.6% N/A
2020 N/A -28.6% 3.0% N/A
2019 N/A -1.0% 4.2% N/A

FCSH - Holdings

Concentration Analysis

FCSH Category Low Category High FCSH % Rank
Net Assets 26.8 M 5.81 M 70.5 B 96.50%
Number of Holdings 128 4 4919 88.31%
Net Assets in Top 10 5.97 M -23.9 M 9.45 B 95.99%
Weighting of Top 10 21.42% 1.7% 100.0% 33.27%

Top 10 Holdings

  1. Bank of America Corp 3.50%
  2. Citigroup Inc 2.66%
  3. Morgan Stanley 2.63%
  4. Federated Hermes Government Obligations Fund 2.36%
  5. JPMorgan Chase Co 2.31%
  6. Goldman Sachs Group Inc/The 2.12%
  7. Wells Fargo Co 1.83%
  8. GE HealthCare Technologies Inc 1.65%
  9. Netflix Inc 1.27%
  10. Boeing Co/The 1.09%

Asset Allocation

Weighting Return Low Return High FCSH % Rank
Bonds 		96.83% 49.71% 194.71% 10.85%
Cash 		3.11% -102.46% 39.20% 71.79%
Other 		0.06% -2.59% 10.19% 9.18%
Stocks 		0.00% -0.66% 11.31% 21.70%
Preferred Stocks 		0.00% 0.00% 25.64% 25.71%
Convertible Bonds 		0.00% 0.00% 27.71% 91.32%

Bond Sector Breakdown

Weighting Return Low Return High FCSH % Rank
Cash & Equivalents 		2.36% 0.00% 44.09% 79.80%
Derivative 		0.06% 0.00% 45.97% 23.37%
Securitized 		0.00% 0.00% 97.27% 90.15%
Corporate 		0.00% 0.00% 100.00% 2.67%
Municipal 		0.00% 0.00% 17.46% 51.25%
Government 		0.00% 0.00% 73.63% 93.32%

Bond Geographic Breakdown

Weighting Return Low Return High FCSH % Rank
US 		96.83% 0.00% 165.96% 55.43%
Non US 		0.00% 0.00% 72.71% 17.36%

FCSH - Expenses

Operational Fees

FCSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.02% 2.48% 87.97%
Management Fee 0.39% 0.00% 1.19% 71.50%
12b-1 Fee N/A 0.00% 1.00% 0.32%
Administrative Fee N/A 0.01% 0.50% 54.85%

Sales Fees

FCSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

FCSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCSH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 0.38%

FCSH - Distributions

Dividend Yield Analysis

FCSH Category Low Category High FCSH % Rank
Dividend Yield 4.22% 0.00% 11.65% 86.81%

Dividend Distribution Analysis

FCSH Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCSH Category Low Category High FCSH % Rank
Net Income Ratio N/A -1.27% 4.98% 29.06%

Capital Gain Distribution Analysis

FCSH Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FCSH - Fund Manager Analysis

Managers

Robert Matthews

Start Date

Tenure

Tenure Rank

Dec 16, 2021

0.45

0.5%

Robert Matthews, CFA, Portfolio Manager. He has been with Federated Advisory Services Company since 2007; has worked in investment management since 2010; has managed investment portfolios since 2018. Education: B.S., Washington & Jefferson College; M.B.A., Robert Morris University.

John Gentry

Start Date

Tenure

Tenure Rank

Dec 16, 2021

0.45

0.5%

John Gentry is Senior Vice President, Senior Portfolio Manager and Head of the Domestic High Grade Corporate Bond Group. Mr. Gentry joined Federated in 1995. Prior to joining Federated, he was a Senior Treasury Analyst at Sun Company, Inc. and an Analyst at Golembe Associates, Inc. He has worked in investment management since 1990 and has managed investment portfolios since 1997. Mr. Gentry has received the Chartered Financial Analyst designation. Mr. Gentry received his B.A. from the University of Virginia and M.B.A. from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.1 2.41

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