Federated Hermes Total Return Bond ETF (FTRB)
Federated Hermes Total Return Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Pittsburgh, PA, US. The stock last traded at $24.77, up 0.10% on the session, giving a market capitalisation of $347.7M. Its beta of 0.12 implies it has historically moved less than the broad market.
The fund primarily allocates its assets to U.S. dollar-denominated, high-quality fixed-income securities. Additionally, it has the flexibility to invest in higher-yielding, non-U.S. dollar, and emerging market debt instruments whenever Federated Investment Management Company determines that these sectors offer compelling risk-return prospects. The fund is permitted to commit up to 25% of its total assets to bonds rated below investment grade.
Federated Hermes Total Return Bond ETF is most often compared with the following Financial Services names: