Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 11/21/2024

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 Prudent Bear Fund

PBRIX | Fund

$5.18

$162 M

15.21%

$0.79

2.52%

Vitals

YTD Return

-13.8%

1 yr return

-16.1%

3 Yr Avg Return

-6.9%

5 Yr Avg Return

-13.9%

Net Assets

$162 M

Holdings in Top 10

92.9%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 148.00%

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 11/21/2024

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 Prudent Bear Fund

PBRIX | Fund

$5.18

$162 M

15.21%

$0.79

2.52%

PBRIX - Profile

Distributions

  • YTD Total Return -13.8%
  • 3 Yr Annualized Total Return -6.9%
  • 5 Yr Annualized Total Return -13.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -2.38%
DIVIDENDS
  • Dividend Yield 15.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Federated Hermes Prudent Bear Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Feb 08, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    P. Ryan Bend

Fund Description

The Fund pursues its investment objective primarily through short positions in domestically traded equity securities and indices. The Fund holds short-term liquid securities such as money market funds, U.S. Treasury securities, government agency securities or other equity securities for liquidity purposes and to cover the Fund’s obligation to purchase securities subject to short sales in the future. The Fund also seeks capital appreciation through long positions on equity securities which the Fund’s Adviser believes are undervalued. The Fund may also invest, to a lesser extent, in securities of foreign issuers.The Adviser believes that the best opportunities to make both “short” and “long” equity investments are when the market’s perception of the values of individual companies (measured by the stock price) differs widely from the Adviser’s assessment of the intrinsic values of such companies. Such opportunities arise as a result of a variety of market inefficiencies, including, among others, imperfect information, overly optimistic or pessimistic forecasts by Wall Street analysts, and swings in investor psychology. These inefficiencies can cause substantially mispriced securities. The Fund’s “short” equity positions consist primarily of short sales of common stocks (which may include shares of ETFs), short sales of stock indices, short sales of stock index futures, purchases of put options on common stocks, purchases of put options on stock indices and purchases of put options on stock index futures. The Adviser will allocate the Fund’s portfolio between “short” equity and “long” equity positions at its discretion. At all times the Fund will have both “short” and “long” equity positions as the Adviser believes in all market conditions there will exist some companies whose stocks are undervalued by the market and some companies whose stocks are overvalued by the market. Long positions can consist both of individual long positions in stocks of companies, as well as long positions on futures instruments of stock market indices, call options on such indices and other related instruments.Under normal market conditions, the Fund will use leverage in implementing its investment strategies, and the aggregate exposure of the Fund’s short positions plus its long positions is expected to exceed the Fund’s net asset value. Normally, however, the Fund is expected to have more short exposure than long exposure on securities and/or the overall market, resulting in net short exposure.The Fund may invest in derivative contracts (such as, for example, futures and options) to implement elements of its investment strategy. For example, the Fund may use derivative contracts to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contract in an attempt to benefit from changes in the value of the underlying investment(s), to realize gains from trading a derivative contract or to hedge against potential losses. There can be no assurance that the Fund’s use of derivative contracts will work as intended. The Fund can also purchase ETFs.The Fund may buy securities in initial public offerings. The Adviser may select initial public offerings based on its fundamental analysis of the issuer.The Adviser actively manages the Fund’s portfolio. The Fund’s annual portfolio turnover rate usually will exceed 100%.
Read More

PBRIX - Performance

Return Ranking - Trailing

Period PBRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.8% -76.9% 35.3% 27.56%
1 Yr -16.1% -80.6% 15.2% 14.96%
3 Yr -6.9%* -60.2% 5.1% 36.22%
5 Yr -13.9%* -76.3% 9.7% 26.77%
10 Yr N/A* -69.4% 13.1% 23.14%

* Annualized

Return Ranking - Calendar

Period PBRIX Return Category Return Low Category Return High Rank in Category (%)
2023 -27.9% -85.3% 15.3% 50.39%
2022 18.0% -73.7% 116.7% 39.37%
2021 -23.7% -80.9% 94.9% 36.22%
2020 -22.7% -96.0% 153.8% 17.32%
2019 -20.5% -84.0% -9.3% 7.20%

Total Return Ranking - Trailing

Period PBRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.8% -76.9% 35.3% 27.56%
1 Yr -16.1% -80.6% 15.2% 14.96%
3 Yr -6.9%* -60.2% 5.1% 36.22%
5 Yr -13.9%* -76.3% 9.7% 26.77%
10 Yr N/A* -69.4% 13.1% 22.31%

* Annualized

Total Return Ranking - Calendar

Period PBRIX Return Category Return Low Category Return High Rank in Category (%)
2023 -18.4% -84.6% 18.9% 37.01%
2022 18.0% -73.6% 117.2% 41.73%
2021 -23.7% -80.9% 94.9% 36.22%
2020 -22.7% -95.9% 153.8% 21.26%
2019 -19.8% -83.8% -8.6% 6.40%

NAV & Total Return History

PBRIX - Holdings

Concentration Analysis

PBRIX Category Low Category High PBRIX % Rank
Net Assets 162 M 240 K 3.02 B 12.31%
Number of Holdings 162 4 799 4.62%
Net Assets in Top 10 141 M 353 K 2.88 B 13.08%
Weighting of Top 10 92.93% 37.3% 249.0% 90.00%

Top 10 Holdings

  1. U.S. Treasury Bills 39.43%
  2. U.S. Treasury Bills 39.01%
  3. Federated Hermes Government Obligations Fund 13.26%
  4. Raspberry PI Holdings PLC 0.20%
  5. Amazon.com Inc 0.18%
  6. Public Storage 0.18%
  7. Bristol-Myers Squibb Co 0.17%
  8. Guardian Pharmacy Services Inc 0.17%
  9. Merck Co Inc 0.16%
  10. Alphabet Inc 0.16%

Asset Allocation

Weighting Return Low Return High PBRIX % Rank
Bonds 		78.44% 0.00% 92.50% 5.38%
Cash 		74.18% 0.00% 255.85% 34.62%
Preferred Stocks 		0.00% 0.00% 0.00% 31.54%
Convertible Bonds 		0.00% 0.00% 2.47% 43.08%
Other 		-0.80% -62.82% 156.23% 71.54%
Stocks 		-51.82% -98.22% 100.00% 96.15%

Bond Sector Breakdown

Weighting Return Low Return High PBRIX % Rank
Government 		45.30% 0.00% 99.07% 4.72%
Cash & Equivalents 		13.26% 0.00% 255.85% 50.39%
Securitized 		0.00% 0.00% 15.54% 44.09%
Corporate 		0.00% 0.00% 8.61% 44.09%
Municipal 		0.00% 0.00% 0.06% 37.80%
Derivative 		-0.80% -86.32% 8.63% 14.96%

Bond Geographic Breakdown

Weighting Return Low Return High PBRIX % Rank
US 		78.44% 0.00% 92.50% 5.38%
Non US 		0.00% 0.00% 2.96% 33.85%

PBRIX - Expenses

Operational Fees

PBRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.52% 0.59% 8.36% 37.80%
Management Fee 1.25% 0.35% 1.50% 96.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.03% 0.45% 10.00%

Sales Fees

PBRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PBRIX 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.

PBRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 148.00% 0.00% 181.00% 85.48%

PBRIX - Distributions

Dividend Yield Analysis

PBRIX Category Low Category High PBRIX % Rank
Dividend Yield 15.21% 0.00% 17.26% 3.85%

Dividend Distribution Analysis

PBRIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

PBRIX Category Low Category High PBRIX % Rank
Net Income Ratio -2.38% -7.24% 3.75% 76.72%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PBRIX - Fund Manager Analysis

Managers

P. Ryan Bend

Start Date

Tenure

Tenure Rank

Dec 08, 2008

13.48

13.5%

Ryan Bend is Vice President of Federated Equity Management Company of Pennsylvania. From June 2004 to December 2008, Mr. Bend served as Research Coordinator and Equity Analyst with David Tice & Associates, Inc. He was a Finance Manager with Rogers Communications, Inc. from July 2000 to July 2002. Mr. Bend has received the Chartered Financial Analyst designation and holds a B.A. in Finance and Economics from the Ivey School of Business at the University of Western Ontario, Canada and an M.B.A. from the Kelley School of Business at Indiana University.

Chad Hudson

Start Date

Tenure

Tenure Rank

May 21, 2009

13.04

13.0%

Hudson has been the Portfolio Manager with Federated since May 2009. He is a Vice President of Federated Equity Management Company of Pennsylvania. From September 1994 to December 2008, he was employed with David Tice & Associates, Inc. where he served at various times as an analyst, trader and assistant portfolio manager.Mr. Hudson has received the Chartered Financial Analyst designation and holds a B.S. in economics from Texas A&M University.

Dana Meissner

Start Date

Tenure

Tenure Rank

Nov 30, 2018

3.5

3.5%

Dana L. Meissner, CFA, FRM and CAIA, Senior Portfolio Manager, has been the Fund’s portfolio manager since April 2020. Mr. Meissner is jointly responsible for the day-to-day management of the Fund. He has been with the Adviser or an affiliate since 2000; has worked in investment management since 2000; and has managed investment portfolios since 2009. Education: M.S.I.A., Carnegie Mellon University; M.S. and B.S., University of Toledo.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 23.76 9.04 14.22

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.