- What does FTRBX invest in?
- 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.
- What is the expense ratio of FTRBX?
- Federated Hermes Total Return Bond Fund - Institutional Shares (FTRBX) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FTRBX's dividend yield?
- FTRBX's trailing-twelve-month yield is 4.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FTRBX?
- Effective duration measures FTRBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTRBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FTRBX?
- FTRBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FTRBX?
- Yield to maturity (YTM) is the total return you'd earn from FTRBX if every bond in the portfolio is held to maturity at the current price. FTRBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
