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Trending ETFs

Name

As of 03/27/2024

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

$8.15

$18.2 M

2.46%

$0.20

2.73%

Vitals

YTD Return

-2.4%

1 yr return

-0.9%

3 Yr Avg Return

-5.3%

5 Yr Avg Return

-1.8%

Net Assets

$18.2 M

Holdings in Top 10

44.5%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$8.15

$18.2 M

2.46%

$0.20

2.73%

FGTBX - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -5.3%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.98%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Global Total Return Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 16, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ihab Salib

Fund Description

The Fund pursues its investment objective by investing primarily in investment-grade, fixed-income securities, including U.S. and non-U.S. government, agency, inflation protected, mortgage-related, loan participation, asset-backed and corporate debt securities. The fixed-income securities in which the Fund invests may be denominated and issued in U.S. dollars or any other currency. The Fund may invest in foreign currencies and may engage in other foreign currency transactions for investment or hedging purposes. The Fund may invest substantially in securities of issuers domiciled outside the United States, including issuers domiciled in developing countries. The Fund will generally allocate a substantial amount of its total assets (at least 40%–unless market conditions are not deemed favorable by Federated Investment Management Company (the “Adviser”), in which case the Fund would invest at least 30%) to non-U.S. investments. The Fund may allocate up to 100% of its total assets to non-U.S. dollar investments. The Fund will allocate its assets among various regions and countries, including the United States, but in no fewer than three different countries and may invest in both developed and developing markets.The Fund may invest up to 25% of its total assets in noninvestment-grade, fixed-income securities (otherwise known as “junk bonds”). In addition, the Fund may invest up to 25% of its total assets in emerging-markets fixed-income securities. The Fund may use derivative contracts (such as, for example, futures contracts, option contracts and swap contracts) and/or hybrid instruments to implement its investment strategy and to hedge against potential losses. The Fund may also use both spot and forward currency trades and other derivatives to increase or decrease its exposure to foreign interest rate and/or currency markets. 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 within the Fund’s 80% policy (as described below) and are calculated at market value. The Adviser does not target an average maturity for the Fund’s portfolio and may invest in bonds of any maturity.When selecting investments for the Fund, the Fund can invest in securities directly or in exchange-traded funds (ETFs) and other investment companies, including, for example, funds advised by the Adviser or its affiliates (“Underlying Funds”). At times, the Fund’s investment in Underlying Funds may be a substantial portion of the Fund’s portfolio.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 its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in fixed-income investments.Portfolio TurnoverThe 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.
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FGTBX - Performance

Return Ranking - Trailing

Period FGTBX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -59.5% 0.9% 47.09%
1 Yr -0.9% -15.5% 19.7% 37.50%
3 Yr -5.3%* -4.3% 4.2% 56.72%
5 Yr -1.8%* -2.5% 4.1% 63.30%
10 Yr N/A* -3.0% 2.7% 89.71%

* Annualized

Return Ranking - Calendar

Period FGTBX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -15.2% 0.9% 30.00%
2022 -16.4% -10.9% 12.2% 28.87%
2021 -7.2% -10.8% 14.8% 73.44%
2020 7.2% -15.3% 0.6% 38.15%
2019 3.5% -44.4% 14.4% 42.33%

Total Return Ranking - Trailing

Period FGTBX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -59.5% 0.9% 45.15%
1 Yr -0.9% -16.6% 30.5% 33.65%
3 Yr -5.3%* -5.2% 10.9% 53.14%
5 Yr -1.8%* -2.8% 7.4% 59.79%
10 Yr N/A* -3.0% 3.6% 90.06%

* Annualized

Total Return Ranking - Calendar

Period FGTBX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -15.2% 0.9% 30.00%
2022 -16.4% -10.9% 12.2% 28.87%
2021 -4.5% -10.8% 14.8% 73.44%
2020 9.1% -15.3% 3.8% 49.71%
2019 5.2% -44.4% 14.4% 50.92%

NAV & Total Return History


FGTBX - Holdings

Concentration Analysis

FGTBX Category Low Category High FGTBX % Rank
Net Assets 18.2 M 74.5 K 14.7 B 90.20%
Number of Holdings 146 4 4562 90.52%
Net Assets in Top 10 7.94 M -112 M 3.66 B 63.51%
Weighting of Top 10 44.50% 4.7% 100.0% 23.56%

Top 10 Holdings

  1. FEDERATED CORE TR MTG CORE PORTFOLIO 11.57%
  2. United States Treasury Note/Bond 6.07%
  3. United States Treasury Note/Bond 4.62%
  4. China Government Bond 4.17%
  5. Mexican Bonos 3.79%
  6. United States Treasury Note/Bond 3.29%
  7. United States Treasury Note/Bond 2.96%
  8. Spain Government Bond 2.72%
  9. UNITED STATES TREASURY NOTE/BOND 2.70%
  10. Japan Government Thirty Year Bond 2.61%

Asset Allocation

Weighting Return Low Return High FGTBX % Rank
Bonds
83.60% 0.00% 220.33% 71.56%
Stocks
13.40% 0.00% 7.47% 22.27%
Cash
3.16% -130.07% 95.62% 27.49%
Convertible Bonds
1.68% 0.00% 11.19% 40.76%
Preferred Stocks
0.00% 0.00% 2.87% 46.45%
Other
-0.16% -9.71% 100.00% 5.69%

Stock Sector Breakdown

Weighting Return Low Return High FGTBX % Rank
Financial Services
65.13% 0.00% 100.00% 30.65%
Communication Services
20.42% 0.00% 56.19% 4.84%
Basic Materials
14.26% 0.00% 100.00% 19.35%
Energy
0.19% 0.00% 100.00% 54.84%
Utilities
0.00% 0.00% 91.33% 40.32%
Technology
0.00% 0.00% 21.64% 33.87%
Real Estate
0.00% 0.00% 3.17% 33.87%
Industrials
0.00% 0.00% 11.80% 41.94%
Healthcare
0.00% 0.00% 9.46% 40.32%
Consumer Defense
0.00% 0.00% 34.30% 38.71%
Consumer Cyclical
0.00% 0.00% 27.00% 38.71%

Stock Geographic Breakdown

Weighting Return Low Return High FGTBX % Rank
US
13.40% 0.00% 6.55% 20.85%
Non US
0.00% 0.00% 1.77% 13.74%

Bond Sector Breakdown

Weighting Return Low Return High FGTBX % Rank
Government
63.36% 0.30% 99.47% 21.63%
Corporate
19.09% 0.00% 98.62% 51.92%
Securitized
3.54% 0.00% 52.02% 56.73%
Cash & Equivalents
1.80% 0.00% 95.62% 12.98%
Municipal
0.00% 0.00% 7.95% 60.10%
Derivative
-0.16% 0.00% 74.77% 52.40%

Bond Geographic Breakdown

Weighting Return Low Return High FGTBX % Rank
Non US
52.41% 0.00% 112.80% 44.08%
US
31.18% -5.52% 107.53% 57.35%

FGTBX - Expenses

Operational Fees

FGTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.73% 0.02% 3.65% 51.67%
Management Fee 0.70% 0.00% 2.08% 90.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 52.94%

Sales Fees

FGTBX 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

FGTBX 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.

FGTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 6.00% 354.00% 13.02%

FGTBX - Distributions

Dividend Yield Analysis

FGTBX Category Low Category High FGTBX % Rank
Dividend Yield 2.46% 0.00% 17.40% 3.79%

Dividend Distribution Analysis

FGTBX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

FGTBX Category Low Category High FGTBX % Rank
Net Income Ratio 1.98% -1.08% 5.77% 35.78%

Capital Gain Distribution Analysis

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

Distributions History

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FGTBX - Fund Manager Analysis

Managers

Ihab Salib


Start Date

Tenure

Tenure Rank

Jul 01, 2002

19.93

19.9%

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