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Federated Hermes Global Total Return Bond Fund
mutual fund
FTIIX
Payout Change
Pending
Price as of:
$8.46
-0.05
-0.59%
primary theme
N/A
share class
FTIIX (Mutual Fund)
Federated Hermes Global Total Return Bond Fund
Payout Change
Pending
Price as of:
$8.46
-0.05
-0.59%
primary theme
N/A
share class
FTIIX (Mutual Fund)
Federated Hermes Global Total Return Bond Fund
Payout Change
Pending
Price as of:
$8.46
-0.05
-0.59%
primary theme
N/A
share class
Name
As of 10/04/2024Price
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
1.7%
1 yr return
10.6%
3 Yr Avg Return
-4.4%
5 Yr Avg Return
-1.8%
Net Assets
$17 M
Holdings in Top 10
44.7%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.22%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
FTIIX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return -4.4%
- 5 Yr Annualized Total Return -1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.74%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFederated Hermes Global Total Return Bond Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerIhab Salib
Fund Description
The Fund pursues its investment objective by investing primarily in investment-grade, fixed-income securities, including U.S. and non-U.S. government, agency, inflation protected, mortgage-related, loan participation, asset-backed and corporate debt securities. The fixed-income securities in which the Fund invests may be denominated and issued in U.S. dollars or any other currency. The Fund may invest in foreign currencies and may engage in other foreign currency transactions for investment or hedging purposes. The Fund may invest substantially in securities of issuers domiciled outside the United States, including issuers domiciled in developing countries. The Fund will generally allocate a substantial amount of its total assets (at least 40%–unless market conditions are not deemed favorable by Federated Investment Management Company (the “Adviser”), in which case the Fund would invest at least 30%) to non-U.S. investments. The Fund may allocate up to 100% of its total assets to non-U.S. dollar investments. The Fund will allocate its assets among various regions and countries, including the United States, but in no fewer than three different countries and may invest in both developed and developing markets.The Fund may invest up to 25% of its total assets in noninvestment-grade, fixed-income securities (otherwise known as “junk bonds”). In addition, the Fund may invest up to 25% of its total assets in emerging-markets fixed-income securities. The Fund may use derivative contracts (such as, for example, futures contracts, option contracts and swap contracts) and/or hybrid instruments to implement its investment strategy and to hedge against potential losses. The Fund may also use both spot and forward currency trades and other derivatives to increase or decrease its exposure to foreign interest rate and/or currency markets. 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 Adviser does not target an average maturity for the Fund’s portfolio and may invest in bonds of any maturity.When selecting investments for the Fund, the Fund can invest in securities directly or in exchange-traded funds (ETFs) and other investment companies, including, for example, funds advised by the Adviser or its affiliates (“Underlying Funds”). At times, the Fund’s investment in Underlying Funds may be a substantial portion of the Fund’s portfolio.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.Portfolio TurnoverThe Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Fund’s trading costs, which may have an adverse impact on the Fund’s performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.
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FTIIX - Performance
Return Ranking - Trailing
| Period | FTIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -59.5% | 0.9% | 47.57% |
| 1 Yr | 10.6% | -15.5% | 19.7% | 39.90% |
| 3 Yr | -4.4%* | -4.3% | 4.2% | 63.18% |
| 5 Yr | -1.8%* | -2.5% | 4.1% | 69.15% |
| 10 Yr | -0.9%* | -3.0% | 2.7% | 93.71% |
* Annualized
Return Ranking - Calendar
| Period | FTIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -15.2% | 0.9% | 30.50% |
| 2022 | -16.6% | -10.9% | 12.2% | 29.38% |
| 2021 | -7.2% | -10.8% | 14.8% | 69.79% |
| 2020 | 7.2% | -15.3% | 0.6% | 38.73% |
| 2019 | 3.6% | -44.4% | 14.4% | 42.94% |
Total Return Ranking - Trailing
| Period | FTIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.7% | -59.5% | 0.9% | 45.63% |
| 1 Yr | 10.6% | -16.6% | 30.5% | 86.26% |
| 3 Yr | -4.4%* | -5.2% | 10.9% | 87.44% |
| 5 Yr | -1.8%* | -2.8% | 7.4% | 85.57% |
| 10 Yr | -0.9%* | -3.0% | 3.6% | 93.92% |
* Annualized
Total Return Ranking - Calendar
| Period | FTIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -15.2% | 0.9% | 30.50% |
| 2022 | -16.6% | -10.9% | 12.2% | 29.38% |
| 2021 | -4.7% | -10.8% | 14.8% | 69.79% |
| 2020 | 8.9% | -15.3% | 3.8% | 50.87% |
| 2019 | 5.0% | -44.4% | 14.4% | 52.76% |
NAV & Total Return History
FTIIX - Holdings
Concentration Analysis
| FTIIX | Category Low | Category High | FTIIX % Rank | |
|---|---|---|---|---|
| Net Assets | 17 M | 74.5 K | 14.7 B | 91.18% |
| Number of Holdings | 192 | 4 | 4562 | 91.47% |
| Net Assets in Top 10 | 7.44 M | -112 M | 3.66 B | 64.45% |
| Weighting of Top 10 | 44.74% | 4.7% | 100.0% | 24.52% |
Top 10 Holdings
- FEDERATED CORE TR MTG CORE PORTFOLIO 11.86%
- FEDERATED CORE TR MUTUAL FUND 6.66%
- iShares iBoxx $ Investment Grade Corporate Bond ETF 4.50%
- Mexican Bonos 4.19%
- U.S. Treasury Notes 3.58%
- United States Treasury Note/Bond 3.11%
- Spain Government Bond 2.93%
- U.S. Treasury Bonds 2.90%
- U.S. Treasury Bonds 2.55%
- Japan Government Thirty Year Bond 2.47%
Asset Allocation
| Weighting | Return Low | Return High | FTIIX % Rank | |
|---|---|---|---|---|
| Bonds | 74.75% | 0.00% | 220.33% | 72.51% |
| Stocks | 24.21% | 0.00% | 7.47% | 23.22% |
| Convertible Bonds | 1.68% | 0.00% | 11.19% | 41.71% |
| Cash | 1.67% | -130.07% | 95.62% | 28.44% |
| Preferred Stocks | 0.00% | 0.00% | 2.87% | 47.87% |
| Other | -0.49% | -9.71% | 100.00% | 6.64% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FTIIX % Rank | |
|---|---|---|---|---|
| Financial Services | 65.13% | 0.00% | 100.00% | 33.87% |
| Communication Services | 20.42% | 0.00% | 56.19% | 8.06% |
| Basic Materials | 14.26% | 0.00% | 100.00% | 22.58% |
| Energy | 0.19% | 0.00% | 100.00% | 58.06% |
| Utilities | 0.00% | 0.00% | 91.33% | 43.55% |
| Technology | 0.00% | 0.00% | 21.64% | 37.10% |
| Real Estate | 0.00% | 0.00% | 3.17% | 37.10% |
| Industrials | 0.00% | 0.00% | 11.80% | 45.16% |
| Healthcare | 0.00% | 0.00% | 9.46% | 43.55% |
| Consumer Defense | 0.00% | 0.00% | 34.30% | 41.94% |
| Consumer Cyclical | 0.00% | 0.00% | 27.00% | 41.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FTIIX % Rank | |
|---|---|---|---|---|
| US | 24.21% | 0.00% | 6.55% | 21.80% |
| Non US | 0.00% | 0.00% | 1.77% | 14.69% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FTIIX % Rank | |
|---|---|---|---|---|
| Government | 63.36% | 0.30% | 99.47% | 22.60% |
| Corporate | 19.09% | 0.00% | 98.62% | 52.88% |
| Securitized | 3.54% | 0.00% | 52.02% | 57.69% |
| Cash & Equivalents | 1.67% | 0.00% | 95.62% | 13.94% |
| Municipal | 0.00% | 0.00% | 7.95% | 62.02% |
| Derivative | -0.49% | 0.00% | 74.77% | 53.37% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FTIIX % Rank | |
|---|---|---|---|---|
| Non US | 52.67% | 0.00% | 112.80% | 45.02% |
| US | 22.08% | -5.52% | 107.53% | 58.29% |
FTIIX - Expenses
Operational Fees
| FTIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.22% | 0.02% | 3.65% | 29.19% |
| Management Fee | 0.70% | 0.00% | 2.08% | 91.22% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 32.32% |
| Administrative Fee | 0.25% | 0.01% | 0.45% | 80.00% |
Sales Fees
| FTIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 0.00% | 5.00% | 20.00% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FTIIX 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.
| FTIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 6.00% | 354.00% | 14.20% |
FTIIX - Distributions
Dividend Yield Analysis
| FTIIX | Category Low | Category High | FTIIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.08% | 0.00% | 17.40% | 4.27% |
Dividend Distribution Analysis
| FTIIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| FTIIX | Category Low | Category High | FTIIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -1.08% | 5.77% | 47.55% |
Capital Gain Distribution Analysis
| FTIIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.178 | OrdinaryDividend |
| Dec 23, 2021 | $0.257 | OrdinaryDividend |
| Dec 23, 2020 | $0.164 | OrdinaryDividend |
| Dec 23, 2019 | $0.139 | OrdinaryDividend |
| Dec 21, 2018 | $0.168 | OrdinaryDividend |
| Dec 22, 2017 | $0.013 | OrdinaryDividend |
| Dec 22, 2016 | $0.240 | OrdinaryDividend |
| Dec 20, 2013 | $0.142 | OrdinaryDividend |
| Dec 20, 2012 | $0.352 | OrdinaryDividend |
| Dec 22, 2011 | $0.500 | OrdinaryDividend |
| Dec 27, 2010 | $0.490 | OrdinaryDividend |
| Dec 24, 2009 | $0.677 | OrdinaryDividend |
| Dec 15, 2008 | $0.491 | OrdinaryDividend |
| Dec 14, 2007 | $0.608 | OrdinaryDividend |
| Dec 14, 2006 | $0.164 | OrdinaryDividend |
| Dec 14, 2004 | $0.712 | OrdinaryDividend |
| Dec 15, 2003 | $0.757 | OrdinaryDividend |
| Dec 16, 2002 | $0.537 | OrdinaryDividend |
| May 18, 2000 | $0.065 | OrdinaryDividend |
| Mar 15, 2000 | $0.060 | OrdinaryDividend |
FTIIX - Fund Manager Analysis
Managers
Ihab Salib
Start Date
Tenure
Tenure Rank
Jul 01, 2002
19.93
19.9%
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 |
