Federated Hermes International Bond Strategy Portfolio
Name
As of 06/01/2026Price
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
Vitals
YTD Return
-0.4%
1 yr return
5.4%
3 Yr Avg Return
7.3%
5 Yr Avg Return
-0.2%
Net Assets
$135 M
Holdings in Top 10
71.9%
52 WEEK LOW AND HIGH
$12.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 53.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
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
FIBPX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 7.3%
- 5 Yr Annualized Total Return -0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.01%
- Dividend Yield 5.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFederated Hermes International Bond Strategy Portfolio
-
Fund Family NameFederated Hermes Funds
-
Inception DateJul 01, 2009
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerIhab Salib
Fund Description
The Fund pursues its investment objective by investing primarily in emerging markets fixed-income investments and non-dollar and dollar denominated fixed-income securities of foreign governments and their agencies or foreign corporations. Emerging markets fixed-income investments include debt securities issued by certain foreign governments or corporations and other types of investments and instruments such as derivatives. Emerging market countries’ investments are those that are components of the Bloomberg Emerging Markets Seasoned ex Aggregate/Eurodollar Index. The Fund does not limit its investment to securities of issuers in a particular market capitalization or maturity range or rating category, and can hold rated and unrated securities, including securities rated below investment grade, commonly called “junk bonds.” The Fund invests in fixed-income securities of issuers in both developed and emerging market countries. When investing in emerging markets fixed-income securities, the Fund may invest in such securities directly or through investment in the Emerging Markets Core Fund (the “Underlying Fund”), a portfolio of Federated Hermes Core Trust. At times, the Fund’s investment in the Underlying Fund may be a substantial portion of its portfolio. The Fund may invest in debt investments denominated in any currency. Exposures to currencies other than the U.S. dollar may be hedged or unhedged at the sole discretion of the Fund’s investment adviser (the “Adviser”). The Fund may buy or sell currencies in lieu of or in addition to non-U.S. dollar denominated fixed-income investments in order to increase or decrease its exposure to interest rate and/or currency markets. Although not a part of the Fund’s principal investment policies and strategies, when the Adviser considers the risk/return prospects of emerging market equity instruments to be attractive, the Fund may also opportunistically invest up to 5% of its net assets in convertible investments, equity instruments or pooled vehicles such as exchange-traded funds (ETFs) or collective investment funds in order to gain exposure to a specific region, country, or market sector or for other reasons consistent with its investment strategy. The Adviser actively manages the Fund’s portfolio. The Adviser’s investment process is primarily concerned with the selection of investments among foreign market debt securities (also known as “security selection”). The Fund has no duration target or parameters with respect to its average portfolio duration. Rather, the Adviser may lengthen or shorten average portfolio duration in response to changing market conditions. These duration adjustments can be made either by buying or selling portfolio investments or through the use of derivative contracts and/or hybrid instruments. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included in the Fund’s 80% policy (as described below) and are calculated at market value. The investment process entails an assessment of the global macroeconomic environment and determines the relevant investment themes that drive foreign markets. These investment themes can be either secular or cyclical in nature and are intended to define guiding principles which permeate through the various stages of the investment process from country and sector to individual corporate issuer. In selecting investments, the Adviser gives emphasis to the underlying quality of issuers domiciled in foreign markets and emerging market countries. The Adviser performs a credit analysis of both sovereign and corporate debt issues. Secondarily, the Adviser considers the extent to which market interest rates may impact the potential investment return of foreign debt securities. The Adviser analyzes credit by performing fundamental analysis of: (1) countries to find relatively favorable economic and political conditions; and (2) available instruments in selected countries. In selecting countries, the Adviser may analyze the financial condition of an emerging market country including factors such as its credit ratings, government finances and outstanding public debt, as well as the political environment of that country, among other factors. The Adviser may also consider how developments in other countries in the region or world might affect these factors. Using its analysis, the Adviser attempts to identify countries with favorable characteristics, such as strengthening economy, favorable inflation rate, sound budget policy or strong public commitment to repay government debt. For investments in corporate issuers, the Adviser may analyze the business, competitive position and financial condition of the issuer to assess whether the instrument’s risk is commensurate with its potential return. The Fund is a non-diversified portfolio of Federated Hermes Managed Pool Series. The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.
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FIBPX - Performance
Return Ranking - Trailing
| Period | FIBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -59.5% | 0.9% | 56.80% |
| 1 Yr | 5.4% | -15.5% | 19.7% | 54.81% |
| 3 Yr | 7.3%* | -4.3% | 4.2% | 34.33% |
| 5 Yr | -0.2%* | -2.5% | 4.1% | 21.28% |
| 10 Yr | 2.1%* | -3.0% | 2.7% | 16.00% |
* Annualized
Return Ranking - Calendar
| Period | FIBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 5.6% | -15.2% | 0.9% | 86.00% |
| 2024 | -2.3% | -10.9% | 12.2% | 17.01% |
| 2023 | 4.6% | -10.8% | 14.8% | 17.19% |
| 2022 | -16.9% | -15.3% | 0.6% | 81.50% |
| 2021 | -9.8% | -44.4% | 14.4% | 38.65% |
Total Return Ranking - Trailing
| Period | FIBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -59.5% | 0.9% | 54.85% |
| 1 Yr | 5.4% | -16.6% | 30.5% | 49.29% |
| 3 Yr | 7.3%* | -5.2% | 10.9% | 30.92% |
| 5 Yr | -0.2%* | -2.8% | 7.4% | 21.13% |
| 10 Yr | 2.1%* | -3.0% | 3.6% | 14.92% |
* Annualized
Total Return Ranking - Calendar
| Period | FIBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.2% | -15.2% | 0.9% | 86.00% |
| 2024 | 2.9% | -10.9% | 12.2% | 17.01% |
| 2023 | 8.3% | -10.8% | 14.8% | 17.19% |
| 2022 | -16.9% | -15.3% | 3.8% | 24.86% |
| 2021 | -5.2% | -44.4% | 14.4% | 25.77% |
NAV & Total Return History
FIBPX - Holdings
Concentration Analysis
| FIBPX | Category Low | Category High | FIBPX % Rank | |
|---|---|---|---|---|
| Net Assets | 135 M | 74.5 K | 14.7 B | 84.80% |
| Number of Holdings | 106 | 4 | 4562 | 91.94% |
| Net Assets in Top 10 | 81.7 M | -112 M | 3.66 B | 62.56% |
| Weighting of Top 10 | 71.89% | 4.7% | 100.0% | 14.90% |
Top 10 Holdings
- FEDERATED CORE TR MUTUAL FUND 49.91%
- BARCLAYS 9.08%
- Italy Buoni Poliennali Del Tesoro 2.44%
- Japan Government Twenty Year Bond 1.66%
- French Republic Government Bond OAT 1.64%
- Italy Buoni Poliennali Del Tesoro 1.56%
- United Kingdom Gilt 1.52%
- Bundesrepublik Deutschland Bundesanleihe 1.46%
- French Republic Government Bond OAT 1.36%
- United Kingdom Gilt 1.27%
Asset Allocation
| Weighting | Return Low | Return High | FIBPX % Rank | |
|---|---|---|---|---|
| Stocks | 49.91% | 0.00% | 7.47% | 18.96% |
| Bonds | 42.64% | 0.00% | 220.33% | 64.93% |
| Other | 9.15% | -9.71% | 100.00% | 37.44% |
| Convertible Bonds | 0.38% | 0.00% | 11.19% | 80.09% |
| Preferred Stocks | 0.00% | 0.00% | 2.87% | 36.97% |
| Cash | 0.00% | -130.07% | 95.62% | 29.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FIBPX % Rank | |
|---|---|---|---|---|
| Financial Services | 66.35% | 0.00% | 100.00% | 29.03% |
| Basic Materials | 11.37% | 0.00% | 100.00% | 24.19% |
| Communication Services | 9.18% | 0.00% | 56.19% | 16.13% |
| Utilities | 5.25% | 0.00% | 91.33% | 9.68% |
| Consumer Cyclical | 2.87% | 0.00% | 27.00% | 22.58% |
| Consumer Defense | 2.68% | 0.00% | 34.30% | 19.35% |
| Industrials | 1.32% | 0.00% | 11.80% | 29.03% |
| Real Estate | 0.98% | 0.00% | 3.17% | 14.52% |
| Technology | 0.00% | 0.00% | 21.64% | 29.03% |
| Healthcare | 0.00% | 0.00% | 9.46% | 37.10% |
| Energy | 0.00% | 0.00% | 100.00% | 61.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FIBPX % Rank | |
|---|---|---|---|---|
| US | 49.91% | 0.00% | 6.55% | 49.29% |
| Non US | 0.00% | 0.00% | 1.77% | 7.11% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FIBPX % Rank | |
|---|---|---|---|---|
| Government | 63.42% | 0.30% | 99.47% | 21.15% |
| Corporate | 24.34% | 0.00% | 98.62% | 41.35% |
| Derivative | 0.07% | 0.00% | 74.77% | 49.52% |
| Securitized | 0.07% | 0.00% | 52.02% | 80.77% |
| Cash & Equivalents | 0.00% | 0.00% | 95.62% | 17.79% |
| Municipal | 0.00% | 0.00% | 7.95% | 55.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FIBPX % Rank | |
|---|---|---|---|---|
| Non US | 42.40% | 0.00% | 112.80% | 4.74% |
| US | 0.24% | -5.52% | 107.53% | 92.89% |
FIBPX - Expenses
Operational Fees
| FIBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.47% | 0.02% | 3.65% | 100.00% |
| Management Fee | 0.00% | 0.00% | 2.08% | 0.49% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.45% | 52.31% |
Sales Fees
| FIBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FIBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| FIBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 53.00% | 6.00% | 354.00% | 28.40% |
FIBPX - Distributions
Dividend Yield Analysis
| FIBPX | Category Low | Category High | FIBPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.21% | 0.00% | 17.40% | 1.90% |
Dividend Distribution Analysis
| FIBPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| FIBPX | Category Low | Category High | FIBPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.01% | -1.08% | 5.77% | 6.37% |
Capital Gain Distribution Analysis
| FIBPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2025 | $0.671 | OrdinaryDividend |
| Dec 30, 2024 | $0.648 | OrdinaryDividend |
| Dec 28, 2023 | $0.447 | OrdinaryDividend |
| Dec 30, 2021 | $0.711 | OrdinaryDividend |
| Dec 30, 2020 | $0.328 | OrdinaryDividend |
| Dec 30, 2019 | $0.500 | OrdinaryDividend |
| Dec 28, 2018 | $0.601 | OrdinaryDividend |
| Dec 28, 2017 | $0.411 | OrdinaryDividend |
| Dec 29, 2016 | $0.639 | OrdinaryDividend |
| Dec 30, 2014 | $0.054 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.542 | OrdinaryDividend |
| Dec 30, 2013 | $0.579 | OrdinaryDividend |
| Jun 06, 2013 | $0.005 | CapitalGainLongTerm |
| Dec 28, 2012 | $0.033 | CapitalGainShortTerm |
| Dec 28, 2012 | $0.115 | CapitalGainLongTerm |
| Dec 28, 2012 | $0.618 | OrdinaryDividend |
| Dec 29, 2011 | $0.083 | CapitalGainLongTerm |
| Dec 29, 2011 | $0.847 | OrdinaryDividend |
| Dec 29, 2010 | $0.032 | CapitalGainShortTerm |
| Dec 29, 2010 | $0.061 | CapitalGainLongTerm |
| Dec 29, 2010 | $0.478 | OrdinaryDividend |
| Dec 29, 2009 | $0.480 | OrdinaryDividend |
| Dec 28, 2009 | $0.166 | CapitalGainShortTerm |
| Dec 28, 2009 | $0.032 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.023 | OrdinaryDividend |
FIBPX - Fund Manager Analysis
Managers
Ihab Salib
Start Date
Tenure
Tenure Rank
Dec 24, 2008
13.44
13.4%
Mr. Salib joined Federated in April 1999 as a Senior Fixed Income Trader/Assistant Vice President of the emerging markets affiliated fund's Adviser. In July 2000, he was named a Vice President and in 2007 was named Senior Vice President. From January 1994 through March 1999, Mr. Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc. Mr. Salib received his B.A. with a major in Economics from Stony Brook University.
John Sidawi
Start Date
Tenure
Tenure Rank
Jan 31, 2014
8.33
8.3%
Mr. Sidawi joined Federated in 1997 as an Assistant Trader. He has worked in investment management since 1998; has managed investment portfolios since 2014. In 1998 Mr. Sidawi became a Trader and in 1999 a Senior Trader an Assistant Vice President of a Federated advisory subsidiary and in 2002 a Vice President. In 2008 he became Head of International Fixed Income Trading. From 1994 to 1997 he was a Proprietary Trader with Bank of America NTSA and from 1993 to 1994 Mr. Sidawi was an EMS Foreign Exchange Broker with Prebon Yamane Inc. Mr. Sidawi has received a B.B.A. from Hofstra University
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 28.31 | 6.8 | 3.67 |