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Trending ETFs

Name

As of 04/22/2024

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

$7.95

$22 M

0.00%

3.35%

Vitals

YTD Return

-2.8%

1 yr return

-0.8%

3 Yr Avg Return

-4.3%

5 Yr Avg Return

-0.9%

Net Assets

$22 M

Holdings in Top 10

91.0%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.35%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 216.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/22/2024

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

$7.95

$22 M

0.00%

3.35%

FGFSX - Profile

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Core Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    Oct 27, 1997
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Todd Abraham

Fund Description

The Fund seeks total return, which is defined as income plus capital appreciation. The Fund pursues its investment objective by investing primarily in U.S. dollar denominated, investment-grade, fixed-income securities. The Fund will invest in U.S. government securities, investment-grade corporate debt securities, mortgage-backed securities (MBS), and certain derivative instruments (such as, for example, futures contracts, options contracts and swap contracts) to implement its investment strategies as more fully described herein. The Fund will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The Fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. The Fund may invest up to 5% of its assets in noninvestment-grade securities, including those backed by so-called “sub-prime” mortgages and other types of noninvestment-grade securities. Noninvestment-grade securities may also be referred to as below investment-grade securities, commonly known as junk instruments.The Fund typically seeks to maintain an overall average dollar-weighted portfolio duration that is within 20% above or below the Bloomberg US Aggregate Bond Index (the “Index”). At times, the Fund’s investment adviser’s (the “Adviser”) calculation of portfolio duration may result in variances outside this range. Duration is a measure of the price sensitivity of a fixed-income security as a result of changes in interest rates, based on the weighted average timing of the instrument’s expected fixed interest and principal payments. For example, if interest rates rise by 1% (in a parallel shift) the NAV of a fund with an average duration of five years theoretically would decline about 5.0%. As of September 30, 2023, the effective duration of the Index, as published by its sponsor, was 6.08 years, and the duration of the Fund was 6.17 years. The duration of the Index and the Fund may change on a daily basis in connection with changes in interest rates and/or spreads. The Adviser seeks to create a portfolio, consisting of MBS, commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), CMBX (non-agency securitized indices that track the CMBS market), investment-grade corporate debt securities, derivative instruments and other securities that the Adviser believes will outperform the Index, such as, but not limited to, GSE Risk Transfer Notes, lease-backed and asset-backed securities, event-linked bonds and other insurance-linked notes.When selecting investments for the Fund, the Adviser can invest directly in individual securities or may invest in other investment companies, including, for example, funds advised by the Adviser or its affiliates (the “Underlying Funds”). These Underlying Funds may include funds which are not available for general investment by the public. The investment companies in which the Fund invests are managed independently of the Fund and may incur additional expenses. At times the Fund’s investment in the Underlying Funds may be a substantial portion of the Fund’s portfolio.Based on fundamental analysis, the Adviser will consider a variety of factors when making decisions to purchase or sell particular securities or derivative contracts. The Fund may, but is not required to, use derivative instruments, which are instruments that have a value based on another instrument, exchange rate or index, and may be used as substitutes for securities in which the Fund can invest, or to hedge against a potential loss in the underlying asset. There can be no assurance that the Fund’s use of derivative instruments 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.The Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Fund’s trading costs, which may have an adverse impact on the Fund’s performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities.
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FGFSX - Performance

Return Ranking - Trailing

Period FGFSX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -12.6% 2.8% 58.63%
1 Yr -0.8% -10.7% 10.2% 75.12%
3 Yr -4.3%* -11.1% 24.6% 79.45%
5 Yr -0.9%* -7.0% 190.4% 90.12%
10 Yr 0.6%* -2.6% 73.3% 85.07%

* Annualized

Return Ranking - Calendar

Period FGFSX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -16.2% 8.1% 87.05%
2022 -15.8% -34.7% 131.9% 44.15%
2021 -3.4% -11.6% 4.4% 49.89%
2020 5.1% -10.1% 946.1% 29.09%
2019 2.5% -1.7% 16.9% 94.85%

Total Return Ranking - Trailing

Period FGFSX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -12.6% 2.8% 58.63%
1 Yr -0.8% -10.7% 10.2% 75.12%
3 Yr -4.3%* -11.1% 24.6% 79.45%
5 Yr -0.9%* -7.0% 190.4% 90.12%
10 Yr 0.6%* -2.6% 73.3% 85.07%

* Annualized

Total Return Ranking - Calendar

Period FGFSX Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% -11.3% 11.0% 92.73%
2022 -13.2% -32.2% 131.9% 37.95%
2021 -1.6% -9.4% 9.2% 72.61%
2020 7.9% -1.9% 1009.0% 59.82%
2019 5.1% 1.1% 21668.0% 97.59%

NAV & Total Return History


FGFSX - Holdings

Concentration Analysis

FGFSX Category Low Category High FGFSX % Rank
Net Assets 22 M 2.9 M 314 B 98.23%
Number of Holdings 29 1 17889 97.15%
Net Assets in Top 10 9.59 M -106 M 36.5 B 96.56%
Weighting of Top 10 91.03% 4.4% 134.1% 2.87%

Top 10 Holdings

  1. FEDERATED CORE TR MTG CORE PORTFOLIO 29.28%
  2. Federated Hermes Corporate Bond Strategy Portfolio 27.12%
  3. Fontainebleau Miami Beach Trust 2019-FBLU 9.20%
  4. United States Treasury Note/Bond 8.62%
  5. United States Treasury Note/Bond 4.40%
  6. United States Treasury Note/Bond 3.97%
  7. Freddie Mac Multifamily Structured Pass Through Certificates 2.45%
  8. United States Treasury Note/Bond 2.28%
  9. Ginnie Mae II Pool 1.89%
  10. Federated Hermes Government Obligations Fund 1.82%

Asset Allocation

Weighting Return Low Return High FGFSX % Rank
Stocks
56.40% 0.00% 99.93% 1.47%
Bonds
38.32% 0.00% 215.98% 98.14%
Other
3.59% -13.23% 50.66% 54.97%
Cash
1.82% -54.51% 79.52% 64.11%
Convertible Bonds
0.04% 0.00% 7.93% 86.24%
Preferred Stocks
0.00% 0.00% 74.68% 66.47%

Stock Sector Breakdown

Weighting Return Low Return High FGFSX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 43.45% N/A
Real Estate
0.00% 0.00% 99.26% N/A
Industrials
0.00% 0.00% 48.31% N/A
Healthcare
0.00% 0.00% 17.70% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 99.67% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FGFSX % Rank
US
56.40% 0.00% 99.93% 1.38%
Non US
0.00% 0.00% 86.52% 55.75%

Bond Sector Breakdown

Weighting Return Low Return High FGFSX % Rank
Securitized
36.45% 0.00% 98.40% 31.19%
Corporate
28.21% 0.00% 100.00% 58.12%
Government
24.71% 0.00% 86.23% 48.22%
Cash & Equivalents
1.82% 0.00% 76.23% 59.39%
Derivative
0.16% -3.37% 50.66% 36.87%
Municipal
0.00% 0.00% 100.00% 87.43%

Bond Geographic Breakdown

Weighting Return Low Return High FGFSX % Rank
US
38.32% 0.00% 215.98% 98.13%
Non US
0.00% 0.00% 39.04% 70.80%

FGFSX - Expenses

Operational Fees

FGFSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.35% 0.01% 39.10% 1.68%
Management Fee 0.35% 0.00% 1.76% 47.17%
12b-1 Fee 0.00% 0.00% 1.00% 7.99%
Administrative Fee 0.10% 0.01% 0.50% 56.47%

Sales Fees

FGFSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.00% 5.75% 11.43%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FGFSX 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.

FGFSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 216.00% 2.00% 493.39% 71.48%

FGFSX - Distributions

Dividend Yield Analysis

FGFSX Category Low Category High FGFSX % Rank
Dividend Yield 0.00% 0.00% 10.26% 69.38%

Dividend Distribution Analysis

FGFSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Annually Annually

Net Income Ratio Analysis

FGFSX Category Low Category High FGFSX % Rank
Net Income Ratio 1.24% -1.28% 4.79% 79.11%

Capital Gain Distribution Analysis

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

Distributions History

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FGFSX - Fund Manager Analysis

Managers

Todd Abraham


Start Date

Tenure

Tenure Rank

Feb 28, 2003

19.27

19.3%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.

Liam O'Connell


Start Date

Tenure

Tenure Rank

May 28, 2014

8.01

8.0%

Liam O’Connell, CFA, has been the Fund’s portfolio manager since April of 2017. Mr. O’Connell is responsible for providing research and advice on sector allocation and security selection. He has been with the Adviser or an affiliate since 2003; has worked in investment management since 2003; has managed investment portfolios since 2005. Education: B.S., Webb Institute of Naval Architecture; M.S, Johns Hopkins University; M.B.A., Massachusetts Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16