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Trending ETFs

Federated Hermes Inflation Protected Securities Fund

mutual fund
RRFIX
Payout Change
Pending
Price as of:
$9.96 -0.01 -0.1%
primary theme
TIPS
share class
Instl (RRFIX) R6 (FIPRX) A (RRFAX) C (RRFCX)
RRFIX (Mutual Fund)

Federated Hermes Inflation Protected Securities Fund

Payout Change
Pending
Price as of:
$9.96 -0.01 -0.1%
primary theme
TIPS
share class
Instl (RRFIX) R6 (FIPRX) A (RRFAX) C (RRFCX)
RRFIX (Mutual Fund)

Federated Hermes Inflation Protected Securities Fund

Payout Change
Pending
Price as of:
$9.96 -0.01 -0.1%
primary theme
TIPS
share class
Instl (RRFIX) R6 (FIPRX) A (RRFAX) C (RRFCX)

Name

As of 10/07/2024

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 Inflation Protected Securities Fund

RRFIX | Fund

$9.96

$110 M

2.18%

$0.22

0.69%

Vitals

YTD Return

3.9%

1 yr return

9.6%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

2.0%

Net Assets

$110 M

Holdings in Top 10

48.9%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

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 10/07/2024

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 Inflation Protected Securities Fund

RRFIX | Fund

$9.96

$110 M

2.18%

$0.22

0.69%

RRFIX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Federated Hermes Inflation Protected Securities Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Oct 06, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    J. Andrew Kirschler

Fund Description

The Fund pursues its investment objective by investing primarily in investment-grade, inflation-indexed bonds issued by the U.S. government, its agencies or instrumentalities, and corporations. Inflation-indexed bonds are fixed-income securities that are structured to provide protection against inflation. The Fund may use derivative contracts to implement elements of its investment strategy, in particular credit default swap agreements, options and futures contracts related to conventional bonds. In addition, the Fund may invest in high-yield, foreign and non-U.S. dollar inflation-indexed fixed-income securities when the Adviser considers the risk-return prospects of those sectors to be attractive. High-yield securities are also known as “junk bonds.” There is no limitation on the maturity or remaining maturity of the fixed-income securities purchased by the Fund. 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 actively manages the Fund’s portfolio seeking to outperform the Fund’s benchmark, the Bloomberg US TIPS Index. The Fund operates within a duration range of 0% to 120% of its benchmark. The Adviser seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the types of inflation-indexed bonds that the Adviser expects to offer the best balance between real total return and risk and thus offer the greatest potential for return. The Fund may sell securities for a variety of reasons such as to secure gains, limit losses or redeploy assets into more promising opportunities.The Fund is intended to represent inflation-indexed bonds as an asset class in a broader fixed-income portfolio, although the Adviser may invest up to 20% of the Fund’s total assets in conventional bonds, including investment-grade corporate debt securities, when the Adviser considers the risk-return prospects of those bonds to be attractive. The Fund invests primarily in investment-grade securities, but may invest up to 15% of its total assets in noninvestment-grade debt securities (also known as “junk bonds”). The maximum that the Fund may invest in unhedged, non-U.S. dollar securities is 15% of the Fund’s total assets. The maximum amount that may be invested in noninvestment-grade debt securities and unhedged, non-U.S. dollar securities is 25% of the Fund’s total assets. There is no limitation on the maturity or remaining maturity of the securities in which the Fund may invest.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in inflation protected investments. For purposes of the Fund’s 80% policy, the Adviser considers “inflation protected investments” to include inflation-indexed debt obligations of varying maturities issued by the United States and non-U.S. governments, their agencies or instrumentalities (such as Treasury Inflation Protected Securities, or “TIPs”), corporations and other issuers. 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 inflation protected investments.
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RRFIX - Performance

Return Ranking - Trailing

Period RRFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -7.3% 11.5% 65.02%
1 Yr 9.6% -8.8% 26.0% 45.81%
3 Yr -1.3%* -13.7% 4.7% 61.62%
5 Yr 2.0%* -6.7% 5.5% 68.06%
10 Yr 2.1%* -2.1% 3.3% 40.91%

* Annualized

Return Ranking - Calendar

Period RRFIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.0% -8.7% 5.1% 83.58%
2022 -17.0% -52.3% -4.0% 55.56%
2021 2.0% -7.9% 7.7% 21.65%
2020 9.7% -29.4% 23.0% 15.18%
2019 6.3% 0.8% 16.7% 23.68%

Total Return Ranking - Trailing

Period RRFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -7.3% 11.5% 65.02%
1 Yr 9.6% -8.8% 26.0% 45.81%
3 Yr -1.3%* -13.7% 4.7% 61.62%
5 Yr 2.0%* -6.7% 5.5% 68.06%
10 Yr 2.1%* -2.1% 3.3% 40.91%

* Annualized

Total Return Ranking - Calendar

Period RRFIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -5.2% 9.5% 75.12%
2022 -11.7% -40.1% 9.2% 53.54%
2021 5.6% -2.7% 37.6% 37.11%
2020 10.8% -0.5% 27.5% 34.03%
2019 8.3% 2.8% 19.3% 23.16%

NAV & Total Return History

RRFIX - Holdings

Concentration Analysis

RRFIX Category Low Category High RRFIX % Rank
Net Assets 110 M 968 K 51.8 B 89.16%
Number of Holdings 39 2 1526 77.83%
Net Assets in Top 10 51.6 M 891 K 24.2 B 90.15%
Weighting of Top 10 48.94% 11.9% 100.0% 46.04%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 7.40%
  2. U.S. Treasury Inflation-Indexed Notes 5.85%
  3. U.S. Treasury Inflation-Indexed Notes 5.62%
  4. U.S. Treasury Inflation-Indexed Notes 4.78%
  5. U.S. Treasury Notes 4.69%
  6. U.S. Treasury Inflation-Indexed Notes 4.66%
  7. U.S. Treasury Inflation-Indexed Notes 4.61%
  8. U.S. Treasury Inflation-Indexed Notes 4.14%
  9. U.S. Treasury Inflation-Indexed Notes 3.93%
  10. U.S. Treasury Inflation-Indexed Notes 3.25%

Asset Allocation

Weighting Return Low Return High RRFIX % Rank
Bonds 		97.62% 0.00% 198.42% 58.13%
Cash 		2.40% -42.00% 15.28% 20.20%
Stocks 		0.00% 0.00% 100.03% 25.62%
Preferred Stocks 		0.00% 0.00% 0.78% 26.11%
Convertible Bonds 		0.00% 0.00% 3.96% 45.81%
Other 		-0.02% -55.92% 68.12% 95.07%

Bond Sector Breakdown

Weighting Return Low Return High RRFIX % Rank
Government 		98.49% 6.70% 112.97% 18.72%
Cash & Equivalents 		1.69% -0.08% 15.28% 24.63%
Securitized 		0.00% 0.00% 58.03% 76.35%
Corporate 		0.00% 0.00% 50.64% 71.92%
Municipal 		0.00% 0.00% 1.28% 37.44%
Derivative 		-0.02% -22.87% 13.49% 96.06%

Bond Geographic Breakdown

Weighting Return Low Return High RRFIX % Rank
US 		97.62% 0.00% 174.44% 49.26%
Non US 		0.00% 0.00% 42.19% 50.74%

RRFIX - Expenses

Operational Fees

RRFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.03% 22.29% 46.27%
Management Fee 0.30% 0.00% 0.99% 51.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 57.89%

Sales Fees

RRFIX 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

RRFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

RRFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 246.00% 19.07%

RRFIX - Distributions

Dividend Yield Analysis

RRFIX Category Low Category High RRFIX % Rank
Dividend Yield 2.18% 0.00% 14.25% 26.11%

Dividend Distribution Analysis

RRFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

RRFIX Category Low Category High RRFIX % Rank
Net Income Ratio 4.24% -0.06% 6.71% 38.00%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RRFIX - Fund Manager Analysis

Managers

J. Andrew Kirschler

Start Date

Tenure

Tenure Rank

Jul 05, 2013

8.91

8.9%

Mr. Kirschler became Portfolio Manager to FTT in January 2014. Mr. Kirschler joined Federated in 1990 in the Internal Sales department. In 1994 he was an Assistant Trader, in 1996 a Trader and in 2003 a Senior Trader on the fixed income desk concentrating on government securities. Mr. Kirschler became a Senior Investment Analyst in 2013. In 2000 he was appointed Assistant Vice President and in 2003 appointed Vice President of a Federated advisory subsidiary. Education: B.S., The Pennsylvania State University; M.B.A., University of Pittsburgh

Todd Abraham

Start Date

Tenure

Tenure Rank

Nov 30, 2017

4.5

4.5%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1

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