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Trending ETFs

Name

As of 11/01/2024

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

$10.07

$778 M

6.88%

$0.69

0.63%

Vitals

YTD Return

7.3%

1 yr return

8.9%

3 Yr Avg Return

6.6%

5 Yr Avg Return

4.9%

Net Assets

$778 M

Holdings in Top 10

24.8%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 11/01/2024

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

$10.07

$778 M

6.88%

$0.69

0.63%

XPTFX - Profile

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 6.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Federated Hermes Project Trade Finance Tender Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 09, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher McGinley

Fund Description


XPTFX - Performance

Return Ranking - Trailing

Period XPTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -3.5% 10.0% 21.72%
1 Yr 8.9% -3.4% 14.8% 44.57%
3 Yr 6.6%* -7.1% 8.3% 3.88%
5 Yr 4.9%* -6.4% 38.1% 33.19%
10 Yr N/A* -2.2% 19.6% N/A

* Annualized

Return Ranking - Calendar

Period XPTFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -12.0% 11.1% 83.52%
2022 -1.9% -22.9% 5.1% 0.77%
2021 -0.3% -12.2% 11.1% 94.49%
2020 -0.6% -14.1% 289.8% 6.56%
2019 0.0% -8.1% 7.5% 89.87%

Total Return Ranking - Trailing

Period XPTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -3.5% 10.0% 21.72%
1 Yr 8.9% -3.4% 14.8% 44.57%
3 Yr 6.6%* -7.1% 8.3% 3.88%
5 Yr 4.9%* -6.4% 38.1% 33.19%
10 Yr N/A* -2.2% 19.6% N/A

* Annualized

Total Return Ranking - Calendar

Period XPTFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -12.0% 22.1% 93.63%
2022 3.7% -22.9% 5.1% 0.77%
2021 1.9% -10.2% 11.1% 95.28%
2020 2.2% -14.1% 306.9% 36.48%
2019 4.3% -3.6% 10.5% 90.72%

NAV & Total Return History


XPTFX - Holdings

Concentration Analysis

XPTFX Category Low Category High XPTFX % Rank
Net Assets 778 M 29.9 M 13.5 B 46.74%
Number of Holdings 105 2 1977 93.05%
Net Assets in Top 10 193 M -191 M 2.37 B 31.27%
Weighting of Top 10 24.80% 5.2% 100.7% 13.57%

Top 10 Holdings

  1. Federated Hermes Government Obligations Fund 9.19%
  2. Turkiey Ihracat Kredi Bankasi AS (TurkExim) 2024 ESG Syndicated Tranche Term Loan B 1.85%
  3. Heritage Petroleum Company Limited Term Loan 1.83%
  4. Africa Finance Corporation 2021 Fixed Syndicated Term Loan 1.80%
  5. Yinson Bergenia Production B.V. Mini-Perm Senior Secured Project Financing 1.72%
  6. Republic of Senegal Ministry of Finance and Budget 2023 EUR 1st Lien Term Loan 1.72%
  7. Republic of Cote d'Ivoire The 2024 EUR Upsize Term Loan 1.71%
  8. BP OIL INTERNATIONAL LTD TERM LOAN 1.67%
  9. Government of Arab Republic of Egypt EGY-228 (GASC) Syndicated ITFC Murabaha facility (EGY/0228) 1.66%
  10. Axpo Solutions AG EUR Structured Trade Finance Prepayment Term Loan 1.65%

Asset Allocation

Weighting Return Low Return High XPTFX % Rank
Bonds
87.96% 0.00% 161.82% 90.35%
Cash
11.97% -61.90% 16.36% 6.56%
Other
0.08% -52.39% 34.87% 39.00%
Stocks
0.00% 0.00% 100.74% 95.37%
Preferred Stocks
0.00% -3.99% 7.30% 66.80%
Convertible Bonds
0.00% 0.00% 5.51% 70.04%

Bond Sector Breakdown

Weighting Return Low Return High XPTFX % Rank
Corporate
75.01% 0.00% 99.80% 96.89%
Cash & Equivalents
9.19% 0.00% 25.03% 10.81%
Government
1.10% 0.00% 3.18% 3.89%
Derivative
0.08% -10.96% 0.59% 22.01%
Securitized
0.00% 0.00% 91.68% 73.93%
Municipal
0.00% 0.00% 0.47% 52.92%

Bond Geographic Breakdown

Weighting Return Low Return High XPTFX % Rank
US
63.73% 0.00% 123.41% 92.28%
Non US
24.22% 0.00% 63.23% 6.18%

XPTFX - Expenses

Operational Fees

XPTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.03% 5.51% 95.86%
Management Fee 0.50% 0.00% 1.89% 15.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

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

Trading Fees

XPTFX 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.

XPTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 4.00% 180.00% 20.90%

XPTFX - Distributions

Dividend Yield Analysis

XPTFX Category Low Category High XPTFX % Rank
Dividend Yield 6.88% 0.00% 11.13% 81.27%

Dividend Distribution Analysis

XPTFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

XPTFX Category Low Category High XPTFX % Rank
Net Income Ratio 1.94% 1.77% 9.82% 99.22%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XPTFX - Fund Manager Analysis

Managers

Christopher McGinley


Start Date

Tenure

Tenure Rank

Feb 01, 2017

5.33

5.3%

Mr. McGinley is Head of the Trade Finance Team and is responsible for day to day management of the Fund focusing on asset allocation, interest rate strategy and security selection. He has been with the Adviser or an affiliate since 2004; has worked in investment management since 2005; has managed investment portfolios since 2009. Education: B.S., University of Pittsburgh; M.P.I.A., University of Pittsburgh.

Ihab Salib


Start Date

Tenure

Tenure Rank

Feb 01, 2017

5.33

5.3%

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.

Maarten Offeringa


Start Date

Tenure

Tenure Rank

Jul 26, 2019

2.85

2.9%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25