Federated Hermes Project Trade Finance Tender Fund
Fund
XPTFX
Price as of:
$10.18
+ $0.01
+ 0.10%
Primary Theme
fund company
Name
As of 12/20/2024Price
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
Vitals
YTD Return
8.5%
1 yr return
8.7%
3 Yr Avg Return
7.0%
5 Yr Avg Return
5.0%
Net Assets
$850 M
Holdings in Top 10
25.8%
52 WEEK LOW AND HIGH
$10.2
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 12/20/2024Price
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
XPTFX - Profile
Distributions
- YTD Total Return 8.5%
- 3 Yr Annualized Total Return 7.0%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.94%
- Dividend Yield 6.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFederated Hermes Project Trade Finance Tender Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateDec 09, 2016
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher McGinley
Fund Description
XPTFX - Performance
Return Ranking - Trailing
| Period | XPTFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.5% | -4.6% | 10.7% | 35.09% |
| 1 Yr | 8.7% | -4.4% | 11.1% | 32.83% |
| 3 Yr | 7.0%* | -6.8% | 8.3% | 5.14% |
| 5 Yr | 5.0%* | -4.7% | 38.1% | 26.45% |
| 10 Yr | N/A* | -0.2% | 20.0% | 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% | 83.40% |
| 2022 | -1.9% | -22.9% | 5.1% | 0.78% |
| 2021 | -0.3% | -12.2% | 11.1% | 94.44% |
| 2020 | -0.6% | -14.1% | 289.8% | 5.79% |
| 2019 | 0.0% | -8.1% | 7.5% | 89.79% |
Total Return Ranking - Trailing
| Period | XPTFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.5% | -4.6% | 10.7% | 35.09% |
| 1 Yr | 8.7% | -4.4% | 11.1% | 32.83% |
| 3 Yr | 7.0%* | -6.8% | 8.3% | 5.14% |
| 5 Yr | 5.0%* | -4.7% | 38.1% | 26.45% |
| 10 Yr | N/A* | -0.2% | 20.0% | 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% | 93.96% |
| 2022 | 3.7% | -22.9% | 5.1% | 0.78% |
| 2021 | 1.9% | -10.2% | 11.1% | 95.63% |
| 2020 | 2.2% | -8.8% | 306.9% | 35.95% |
| 2019 | 4.3% | -3.6% | 12.1% | 91.06% |
NAV & Total Return History
XPTFX - Holdings
Concentration Analysis
| XPTFX | Category Low | Category High | XPTFX % Rank | |
|---|---|---|---|---|
| Net Assets | 850 M | 29.9 M | 13.5 B | 43.63% |
| Number of Holdings | 105 | 2 | 2051 | 93.00% |
| Net Assets in Top 10 | 219 M | -191 M | 2.37 B | 26.46% |
| Weighting of Top 10 | 25.78% | 5.2% | 100.7% | 10.94% |
Top 10 Holdings
- Federated Hermes Government Obligations Fund 10.80%
- National Bank of Egypt 2024 1st Lien Deferred Payment LC 1.76%
- Turkiye Petrol Rafinerileri A.S.2024 Single Receivable Financing Term Loan 1.75%
- Turkiey Ihracat Kredi Bankasi AS (TurkExim) 2024 ESG Syndicated Tranche Term Loan B 1.70%
- Axpo Solutions AG EUR Structured Trade Finance Prepayment Term Loan 1.69%
- Africa Finance Corporation 2021 Fixed Syndicated Term Loan 1.65%
- Republic of Cote d'Ivoire The 2024 EUR Upsize Term Loan 1.63%
- Republic of Senegal Ministry of Finance and Budget 2023 EUR 1st Lien Term Loan 1.63%
- BNP Paribas Emissions- und Handelsgesellschaft mbHSenior Unsecured Trade Loan 1.59%
- Heritage Petroleum Company Limited Term Loan 1.58%
Asset Allocation
| Weighting | Return Low | Return High | XPTFX % Rank | |
|---|---|---|---|---|
| Bonds | 86.65% | 0.00% | 161.82% | 93.77% |
| Cash | 13.31% | -61.90% | 16.36% | 0.78% |
| Other | 0.04% | -52.39% | 26.58% | 41.25% |
| Stocks | 0.00% | 0.00% | 100.74% | 94.55% |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | 67.70% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 69.80% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XPTFX % Rank | |
|---|---|---|---|---|
| Corporate | 75.01% | 0.00% | 99.80% | 96.86% |
| Cash & Equivalents | 10.80% | 0.00% | 25.03% | 7.39% |
| Government | 1.10% | 0.00% | 3.18% | 3.92% |
| Derivative | 0.04% | -11.46% | 0.67% | 23.74% |
| Securitized | 0.00% | 0.00% | 91.68% | 73.33% |
| Municipal | 0.00% | 0.00% | 0.47% | 50.98% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XPTFX % Rank | |
|---|---|---|---|---|
| US | 63.67% | 0.00% | 124.50% | 92.22% |
| Non US | 22.98% | 0.00% | 63.23% | 6.23% |
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% | 95.08% |
| Management Fee | 0.50% | 0.00% | 1.89% | 15.53% |
| 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% | 21.07% |
XPTFX - Distributions
Dividend Yield Analysis
| XPTFX | Category Low | Category High | XPTFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.81% | 0.00% | 11.13% | 81.13% |
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% | 99.21% |
Capital Gain Distribution Analysis
| XPTFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.173 | OrdinaryDividend |
| Mar 27, 2024 | $0.168 | OrdinaryDividend |
| Dec 28, 2023 | $0.210 | OrdinaryDividend |
| Dec 28, 2023 | $0.023 | CapitalGainShortTerm |
| Dec 28, 2023 | $0.047 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.192 | OrdinaryDividend |
| Jun 29, 2023 | $0.184 | OrdinaryDividend |
| Dec 29, 2022 | $0.358 | OrdinaryDividend |
| Dec 29, 2022 | $0.002 | CapitalGainShortTerm |
| Dec 29, 2022 | $0.001 | CapitalGainLongTerm |
| Sep 29, 2022 | $0.092 | OrdinaryDividend |
| Jun 29, 2022 | $0.059 | OrdinaryDividend |
| Mar 30, 2022 | $0.043 | OrdinaryDividend |
| Dec 30, 2021 | $0.103 | OrdinaryDividend |
| Dec 30, 2021 | $0.001 | CapitalGainShortTerm |
| Dec 30, 2021 | $0.000 | CapitalGainLongTerm |
| Sep 29, 2021 | $0.036 | OrdinaryDividend |
| Jun 29, 2021 | $0.017 | OrdinaryDividend |
| Mar 30, 2021 | $0.061 | OrdinaryDividend |
| Dec 30, 2020 | $0.093 | OrdinaryDividend |
| Dec 30, 2020 | $0.001 | CapitalGainShortTerm |
| Dec 30, 2020 | $0.001 | CapitalGainLongTerm |
| Sep 29, 2020 | $0.012 | OrdinaryDividend |
| Jun 29, 2020 | $0.095 | OrdinaryDividend |
| Mar 30, 2020 | $0.072 | OrdinaryDividend |
| Dec 30, 2019 | $0.105 | OrdinaryDividend |
| Dec 30, 2019 | $0.002 | CapitalGainShortTerm |
| Dec 30, 2019 | $0.005 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.105 | OrdinaryDividend |
| Jun 27, 2019 | $0.098 | OrdinaryDividend |
| Mar 28, 2019 | $0.104 | OrdinaryDividend |
| Dec 28, 2018 | $0.127 | OrdinaryDividend |
| Dec 28, 2018 | $0.006 | CapitalGainShortTerm |
| Dec 28, 2018 | $0.000 | CapitalGainLongTerm |
| Sep 27, 2018 | $0.116 | OrdinaryDividend |
| Jun 28, 2018 | $0.102 | OrdinaryDividend |
| Mar 28, 2018 | $0.108 | OrdinaryDividend |
| Dec 28, 2017 | $0.103 | OrdinaryDividend |
| Dec 28, 2017 | $0.003 | CapitalGainShortTerm |
| Sep 28, 2017 | $0.060 | OrdinaryDividend |
| Jun 29, 2017 | $0.047 | OrdinaryDividend |
| Mar 30, 2017 | $0.012 | OrdinaryDividend |
| Dec 29, 2016 | $0.012 | OrdinaryDividend |
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 | 6.08 | 3.25 |