Federated Hermes Total Return Bond Fund - Institutional Shares (FTRBX)
Federated Hermes Total Return Bond Fund - Institutional Shares operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Pittsburgh, PA, US. The stock last traded at $9.31, up 0.00% on the session, giving a market capitalisation of $15.21B. Its beta of 0.99 implies it has historically moved less than the broad market.
The fund primarily invests in investment-grade, U.S. dollar-denominated fixed-income securities. Additionally, it has the option to allocate funds to high-yield bonds, fixed-income securities denominated in non-U.S. dollars, and emerging market debt. Typically, the total unhedged exposure to non-U.S. dollar fixed-income instruments and foreign currencies will not surpass 10% of the fund's overall assets. Nevertheless, the maximum permitted investment in these non-U.S. dollar and foreign currency holdings is capped at 20% of the fund's total assets.
Federated Hermes Total Return Bond Fund - Institutional Shares is most often compared with the following Financial Services names: