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Name

As of 11/20/2024

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 Corporate Bond Strategy Portfolio

FCSPX | Fund

$10.04

$212 M

4.45%

$0.45

0.26%

Vitals

YTD Return

3.4%

1 yr return

9.1%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

1.4%

Net Assets

$212 M

Holdings in Top 10

7.9%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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 Corporate Bond Strategy Portfolio

FCSPX | Fund

$10.04

$212 M

4.45%

$0.45

0.26%

FCSPX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.19%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Corporate 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
    Jerome Conner

Fund Description

The Fund invests primarily in a diversified portfolio of investment-grade, corporate fixed-income securities. While the Fund may invest in securities of any maturity, the Fund’s average duration is expected to vary and may range between one and ten years depending on Federated Investment Management Company’s (the “Adviser”) view of interest rates. The Fund may also invest in Treasury securities, government securities and derivative instruments (such as futures, options and swaps or hybrid instruments) to implement its investment strategies. 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 Fund may invest up to 15% of its net assets in illiquid securities. Some of the corporate fixed-income securities in which the Fund invests are considered to be “foreign securities” as that term is defined in this Prospectus.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in certain government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.The Adviser actively manages the Fund’s portfolio seeking total returns over longer time periods in excess of the Fund’s benchmark, the Baa (BBB) component of the Bloomberg US Credit Index (BUSCI). The BUSCI is an unmanaged index comprised of corporate bonds or securities represented by the following sectors: industrial, utility and finance, including both U.S. and non-U.S. corporations and non-corporate bonds or securities represented by the following sectors: sovereign, supranational, foreign agencies and foreign local governments. There can be no assurance that the Adviser will be successful in achieving investment returns in excess of the BUSCI. When buying and selling portfolio securities, the Adviser utilizes a four part decision-making process.First, the Adviser invests the Fund’s portfolio seeking the higher relative returns of corporate fixed-income securities, when available, while attempting to limit the associated credit risks. Second, the Adviser selects individual securities that it believes may outperform the Fund’s benchmark index. Third, the Adviser may seek to change the Fund’s interest rate volatility by lengthening or shortening the Fund’s portfolio duration from time to time based on its interest rate outlook. Fourth, the Adviser strategically positions the portfolio based on its expectations for changes in the yield curve.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 policies that would enable the fund to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in corporate fixed-income investments.
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FCSPX - Performance

Return Ranking - Trailing

Period FCSPX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -1.4% 7.7% 25.43%
1 Yr 9.1% 3.6% 12.2% 28.32%
3 Yr -1.6%* -7.7% 40.6% 25.00%
5 Yr 1.4%* -7.1% 25.4% 11.88%
10 Yr 3.2%* -0.1% 14.4% 7.84%

* Annualized

Return Ranking - Calendar

Period FCSPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -5.6% 6.3% 55.49%
2022 -18.3% -28.7% 142.1% 41.28%
2021 -4.2% -12.3% 4.9% 47.93%
2020 7.8% -8.0% 10.6% 15.76%
2019 11.9% 4.3% 13.4% 8.39%

Total Return Ranking - Trailing

Period FCSPX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -1.4% 7.7% 25.43%
1 Yr 9.1% 3.6% 12.2% 28.32%
3 Yr -1.6%* -7.7% 40.6% 25.00%
5 Yr 1.4%* -7.1% 25.4% 11.88%
10 Yr 3.2%* -0.1% 14.4% 7.84%

* Annualized

Total Return Ranking - Calendar

Period FCSPX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -5.6% 12.9% 54.34%
2022 -15.0% -25.6% 151.8% 22.09%
2021 -0.1% -5.1% 7.5% 31.95%
2020 12.2% -8.0% 116.0% 17.58%
2019 17.0% 6.7% 17.4% 1.29%

NAV & Total Return History

FCSPX - Holdings

Concentration Analysis

FCSPX Category Low Category High FCSPX % Rank
Net Assets 212 M 17.6 M 47.3 B 78.03%
Number of Holdings 497 4 10364 58.38%
Net Assets in Top 10 13.8 M -29.6 M 3.03 B 84.97%
Weighting of Top 10 7.87% 1.7% 143.7% 93.06%

Top 10 Holdings

  1. REPO BANK AMERICA 1.58%
  2. Ford Motor Credit Co LLC 1.09%
  3. Verizon Communications Inc 0.78%
  4. Duke Energy Corp 0.70%
  5. Southern Co/The 0.65%
  6. Oracle Corp 0.64%
  7. Nissan Motor Acceptance Co LLC 0.63%
  8. AerCap Ireland Capital DAC / AerCap Global Aviation Trust 0.62%
  9. Broadcom Inc 0.59%
  10. Dell International LLC / EMC Corp 0.58%

Asset Allocation

Weighting Return Low Return High FCSPX % Rank
Bonds 		97.56% 0.00% 136.47% 42.20%
Other 		1.63% -4.61% 11.28% 26.01%
Cash 		0.81% -43.80% 45.89% 82.08%
Convertible Bonds 		0.13% 0.00% 78.47% 94.80%
Stocks 		0.00% 0.00% 99.98% 63.01%
Preferred Stocks 		0.00% 0.00% 9.18% 64.16%

Bond Sector Breakdown

Weighting Return Low Return High FCSPX % Rank
Corporate 		94.11% 41.80% 99.52% 16.76%
Government 		4.22% 0.00% 25.63% 61.85%
Cash & Equivalents 		0.29% 0.00% 45.89% 76.88%
Derivative 		0.04% -2.67% 2.14% 37.57%
Securitized 		0.00% 0.00% 23.18% 93.06%
Municipal 		0.00% 0.00% 3.37% 84.39%

Bond Geographic Breakdown

Weighting Return Low Return High FCSPX % Rank
US 		97.56% 0.00% 110.12% 37.57%
Non US 		0.00% 0.00% 47.05% 68.79%

FCSPX - Expenses

Operational Fees

FCSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.03% 3.33% 85.29%
Management Fee 0.00% 0.00% 1.35% 3.47%
12b-1 Fee N/A 0.00% 1.00% 64.08%
Administrative Fee 0.10% 0.02% 0.45% 63.51%

Sales Fees

FCSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FCSPX 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.

FCSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 259.00% 2.34%

FCSPX - Distributions

Dividend Yield Analysis

FCSPX Category Low Category High FCSPX % Rank
Dividend Yield 4.45% 0.00% 6.00% 52.02%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FCSPX Category Low Category High FCSPX % Rank
Net Income Ratio 3.19% 0.38% 5.93% 3.51%

Capital Gain Distribution Analysis

FCSPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Annually

Distributions History

View More +

FCSPX - Fund Manager Analysis

Managers

Jerome Conner

Start Date

Tenure

Tenure Rank

Feb 28, 2010

12.26

12.3%

Jerome D. Conner, CFA, is a portfolio manager at Federated Investment Management Company focusing on asset allocation, interest rate strategy and security selection. He has been with Federated Investment Management Company since 2002; has worked in investment management since 1995; has managed investment portfolios since 2010. Education: B.S., U.S. Naval Academy; M.S., Boston University.

Brian Ruffner

Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Brian S. Ruffner, has been the Fund’s portfolio manager since April of 2017. Mr. Ruffner is responsible for for providing research and advice on sector allocation and security selection. Mr. Ruffner joined Federated in 1994 in the Fund Accounting department and from 1997 to 2001 was a Trader on the Cash Management Desk. In 2001 Mr. Ruffner became an Investment Analyst and in 2004 was appointed Asst. Vice President of a Federated advisory subsidiary. He became a Senior Investment Analyst and was appointed Vice President in 2007. From 1993 through 1994 Mr. Ruffner was employed by Mellon Bank NA as Global Trade Administrator. Mr. Ruffner earned his B.S. at the Indiana University of Pennsylvania and received his M.B.A. from Duquesne University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.81 4.41

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