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Name

As of 04/18/2024

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 International Bond Strategy Portfolio

FIBPX | Fund

$12.10

$23.7 M

3.70%

$0.45

1.56%

Vitals

YTD Return

-2.2%

1 yr return

4.6%

3 Yr Avg Return

-5.0%

5 Yr Avg Return

-0.4%

Net Assets

$23.7 M

Holdings in Top 10

72.9%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.56%

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 04/18/2024

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 International Bond Strategy Portfolio

FIBPX | Fund

$12.10

$23.7 M

3.70%

$0.45

1.56%

FIBPX - Profile

Distributions

  • YTD Total Return -2.2%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.01%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes International Bond Strategy Portfolio
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jul 01, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ihab 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 a thorough assessment of the global macroeconomic environment and determines the most 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 intensive 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 analyzes the financial condition of an emerging market country including its credit ratings, government finances and outstanding public debt, as well as the political environment of that country among other factors. The Adviser also considers 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 analyzes 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 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.
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FIBPX - Performance

Return Ranking - Trailing

Period FIBPX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -59.5% 0.9% 56.80%
1 Yr 4.6% -15.5% 19.7% 54.81%
3 Yr -5.0%* -4.3% 4.2% 34.33%
5 Yr -0.4%* -2.5% 4.1% 21.28%
10 Yr 0.9%* -3.0% 2.7% 16.00%

* Annualized

Return Ranking - Calendar

Period FIBPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -15.2% 0.9% 86.00%
2022 -16.9% -10.9% 12.2% 17.01%
2021 -9.8% -10.8% 14.8% 17.19%
2020 8.7% -15.3% 0.6% 81.50%
2019 6.0% -44.4% 14.4% 38.65%

Total Return Ranking - Trailing

Period FIBPX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -59.5% 0.9% 54.85%
1 Yr 4.6% -16.6% 30.5% 49.29%
3 Yr -5.0%* -5.2% 10.9% 30.92%
5 Yr -0.4%* -2.8% 7.4% 21.13%
10 Yr 0.9%* -3.0% 3.6% 14.92%

* Annualized

Total Return Ranking - Calendar

Period FIBPX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -15.2% 0.9% 86.00%
2022 -16.9% -10.9% 12.2% 17.01%
2021 -5.2% -10.8% 14.8% 17.19%
2020 10.9% -15.3% 3.8% 24.86%
2019 9.6% -44.4% 14.4% 25.77%

NAV & Total Return History

FIBPX - Holdings

Concentration Analysis

FIBPX Category Low Category High FIBPX % Rank
Net Assets 23.7 M 74.5 K 14.7 B 84.80%
Number of Holdings 119 4 4562 91.94%
Net Assets in Top 10 16.1 M -112 M 3.66 B 62.56%
Weighting of Top 10 72.94% 4.7% 100.0% 14.90%

Top 10 Holdings

  1. FEDERATED CORE TR MUTUAL FUND 51.45%
  2. BNP 6.27%
  3. Japan Government Twenty Year Bond 4.02%
  4. French Republic Government Bond OAT 2.05%
  5. Japan Government Twenty Year Bond 2.03%
  6. United Kingdom Gilt 1.80%
  7. Japan Government Twenty Year Bond 1.46%
  8. Italy Buoni Poliennali Del Tesoro 1.33%
  9. Japan Government Thirty Year Bond 1.29%
  10. French Republic Government Bond OAT 1.25%

Asset Allocation

Weighting Return Low Return High FIBPX % Rank
Stocks 		51.45% 0.00% 7.47% 18.96%
Bonds 		41.55% 0.00% 220.33% 64.93%
Other 		6.21% -9.71% 100.00% 37.44%
Cash 		0.80% -130.07% 95.62% 29.38%
Convertible Bonds 		0.38% 0.00% 11.19% 80.09%
Preferred Stocks 		0.00% 0.00% 2.87% 36.97%

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 		51.45% 0.00% 6.55% 49.29%
Non US 		0.00% 0.00% 1.77% 7.11%

FIBPX - Expenses

Operational Fees

FIBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% 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 3.70% 0.00% 17.40% 1.90%

Dividend Distribution Analysis

FIBPX Category Low Category High Category Mod
Dividend Distribution Frequency None 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

View More +

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

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