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Federated Hermes Short-Intermediate Total Return Bond Fund
mutual fund
FGCIX
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
FGCIX (Mutual Fund)
Federated Hermes Short-Intermediate Total Return Bond Fund
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
FGCIX (Mutual Fund)
Federated Hermes Short-Intermediate Total Return Bond Fund
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/20/2024Price
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
$10.05
$921 M
4.21%
$0.42
0.49%
Vitals
YTD Return
3.9%
1 yr return
4.1%
3 Yr Avg Return
1.1%
5 Yr Avg Return
1.5%
Net Assets
$921 M
Holdings in Top 10
52.2%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
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 12/20/2024Price
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
$10.05
$921 M
4.21%
$0.42
0.49%
FGCIX - Profile
Distributions
- YTD Total Return 3.9%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.31%
- Dividend Yield 4.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFederated Hermes Short-Intermediate Total Return Bond Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJan 30, 2006
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Gentry
Fund Description
The Fund expects that, under normal market conditions, income received from its portfolio of securities will comprise the largest component of its total return. The Fund seeks to provide the appreciation component of total return by selecting those securities whose prices will, in the opinion of the investment adviser (the “Adviser”), benefit from anticipated changes in economic and market conditions.The Fund’s overall investment strategy is to invest in a portfolio consisting primarily of U.S. Treasury securities, U.S. government agency securities, (including mortgage-backed securities issued or guaranteed by U.S. government agencies or instrumentalities), mortgage-backed securities (MBS), asset-backed securities and investment-grade corporate securities. The Fund may invest its assets in securities of other investment companies, including the securities of affiliated exchange-traded funds and money market funds (“Underlying Funds”), as an efficient means of implementing its investment strategies and/or managing its uninvested cash. The Fund may also invest in derivative contracts or hybrid instruments (such as, for example, futures contracts, option contracts and swap contracts) to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative or hybrid instrument in an attempt to benefit from changes in the value of the underlying investment(s). 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 expects that, normally, no more than 35% of the Fund’s total assets will be invested in securities that are rated below investment grade (otherwise known as “junk bonds” or “leveraged loans”). The maximum amount that the Fund may invest in emerging market securities, including trade finance, is 10% of the Fund’s total assets.Investment-grade, fixed-income securities are rated in one of the four highest categories (BBB- or higher) by a nationally recognized statistical rating organization (NRSRO). Noninvestment-grade, fixed-income securities are rated in one of the six lowest categories (BB or lower) by a NRSRO, or in either case if unrated, of comparable quality as determined by the Adviser. Investors in lower-rated, fixed income securities may receive higher yields as compensation for assuming higher credit risks. The Adviser seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the sector that the Adviser expects to offer the best balance between total return and risk and thus offer the greatest potential for return. The Fund buys and sells securities based primarily on its market outlook and analysis of how securities may perform under different market conditions. Within the context of its duration, yield curve and sector allocation strategies, the Fund will select individual securities that will, in the opinion of the Adviser, benefit from anticipated changes in economic and market conditions. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but, under normal market conditions, the Fund’s dollar-weighted average effective duration is expected to be within a range of 1.5 to 3.5 years. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, to a lesser extent, the Fund may invest in certain government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.Within the above limitations the Adviser utilizes a four-part decision-making process. First, the Adviser lengthens or shortens portfolio duration from time to time based on its interest rate outlook. Second, the Adviser strategically positions the portfolio based on its expectations for changes in the yield curve. Third, the Adviser pursues relative value opportunities within the sectors in which the Fund may invest. Finally, the Adviser selects individual securities within each sector that it believes may outperform a sector-specific benchmark. This four-part investment process is designed to capitalize on the depth of experience and focus of each of the Adviser’s fixed-income sector teams–government, corporate, mortgage-backed, asset-backed, high-yield and international (including emerging markets and trade finance).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 securities. The Fund will notify shareholders at least 60 days in advance of any changes in its investment policy that would enable it to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities.
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FGCIX - Performance
Return Ranking - Trailing
| Period | FGCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -0.8% | 18.1% | 78.31% |
| 1 Yr | 4.1% | -0.5% | 19.0% | 75.24% |
| 3 Yr | 1.1%* | -5.5% | 5.5% | 72.60% |
| 5 Yr | 1.5%* | -4.1% | 5.0% | 61.11% |
| 10 Yr | 1.8%* | -18.6% | 170.5% | 43.84% |
* Annualized
Return Ranking - Calendar
| Period | FGCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -1.6% | 7.6% | 41.73% |
| 2022 | -6.9% | -17.7% | -2.6% | 47.36% |
| 2021 | -1.7% | -4.0% | 4.4% | 58.35% |
| 2020 | 3.3% | -7.1% | 7.6% | 16.26% |
| 2019 | 2.8% | -2.3% | 9.3% | 22.77% |
Total Return Ranking - Trailing
| Period | FGCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -0.8% | 18.1% | 78.31% |
| 1 Yr | 4.1% | -0.5% | 19.0% | 75.24% |
| 3 Yr | 1.1%* | -5.5% | 5.5% | 72.60% |
| 5 Yr | 1.5%* | -4.1% | 5.0% | 61.11% |
| 10 Yr | 1.8%* | -18.6% | 170.5% | 43.84% |
* Annualized
Total Return Ranking - Calendar
| Period | FGCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.9% | 1.8% | 15.2% | 74.62% |
| 2022 | -5.3% | -17.3% | -1.3% | 60.08% |
| 2021 | -0.2% | -2.7% | 7.7% | 55.13% |
| 2020 | 5.1% | -2.4% | 14.5% | 27.16% |
| 2019 | 5.2% | 0.6% | 12.6% | 32.55% |
NAV & Total Return History
FGCIX - Holdings
Concentration Analysis
| FGCIX | Category Low | Category High | FGCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 921 M | 14.5 K | 58.2 B | 58.24% |
| Number of Holdings | 170 | 2 | 8314 | 80.46% |
| Net Assets in Top 10 | 376 M | 1.05 M | 6.81 B | 42.91% |
| Weighting of Top 10 | 52.20% | 2.0% | 108.1% | 10.73% |
Top 10 Holdings
- U.S. Treasury Notes 12.69%
- FEDERATED CORE TR MTG CORE PORTFOLIO 6.04%
- FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE 5.91%
- U.S. Treasury Notes 5.10%
- U.S. Treasury Notes 4.48%
- U.S. Treasury Notes 4.20%
- U.S. Treasury Notes 4.16%
- U.S. Treasury Notes 4.12%
- U.S. Treasury Notes 2.84%
- U.S. Treasury Notes 2.65%
Asset Allocation
| Weighting | Return Low | Return High | FGCIX % Rank | |
|---|---|---|---|---|
| Bonds | 78.15% | 0.00% | 131.65% | 72.41% |
| Stocks | 14.17% | 0.00% | 99.96% | 8.43% |
| Other | 5.86% | -0.97% | 73.75% | 57.28% |
| Cash | 1.82% | -20.59% | 68.64% | 60.34% |
| Convertible Bonds | 0.12% | 0.00% | 27.71% | 92.51% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 78.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FGCIX % Rank | |
|---|---|---|---|---|
| Financial Services | 30.19% | 0.00% | 100.00% | 21.67% |
| Energy | 25.03% | 0.00% | 100.00% | 41.67% |
| Basic Materials | 22.71% | 0.00% | 22.71% | 5.00% |
| Communication Services | 22.06% | 0.00% | 65.64% | 15.00% |
| Utilities | 0.00% | 0.00% | 81.48% | 95.00% |
| Technology | 0.00% | 0.00% | 24.45% | 91.67% |
| Real Estate | 0.00% | 0.00% | 8.31% | 93.33% |
| Industrials | 0.00% | 0.00% | 100.00% | 95.00% |
| Healthcare | 0.00% | 0.00% | 23.11% | 93.33% |
| Consumer Defense | 0.00% | 0.00% | 21.37% | 93.33% |
| Consumer Cyclical | 0.00% | 0.00% | 10.75% | 93.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FGCIX % Rank | |
|---|---|---|---|---|
| US | 14.17% | 0.00% | 99.96% | 8.43% |
| Non US | 0.00% | 0.00% | 2.07% | 73.18% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FGCIX % Rank | |
|---|---|---|---|---|
| Government | 49.45% | 0.00% | 73.63% | 13.82% |
| Corporate | 39.68% | 0.00% | 99.82% | 50.10% |
| Securitized | 9.19% | 0.00% | 97.27% | 87.33% |
| Cash & Equivalents | 1.04% | 0.00% | 68.64% | 66.67% |
| Municipal | 0.00% | 0.00% | 14.41% | 87.91% |
| Derivative | -0.03% | -0.72% | 25.70% | 89.85% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FGCIX % Rank | |
|---|---|---|---|---|
| US | 78.15% | 0.00% | 126.86% | 69.92% |
| Non US | 0.00% | 0.00% | 87.70% | 78.54% |
FGCIX - Expenses
Operational Fees
| FGCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.49% | 0.01% | 3.29% | 70.77% |
| Management Fee | 0.30% | 0.00% | 1.19% | 45.02% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.41% | 62.56% |
Sales Fees
| FGCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | 98.17% |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| FGCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| FGCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 2.00% | 500.00% | 8.01% |
FGCIX - Distributions
Dividend Yield Analysis
| FGCIX | Category Low | Category High | FGCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.21% | 0.00% | 11.11% | 84.48% |
Dividend Distribution Analysis
| FGCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| FGCIX | Category Low | Category High | FGCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.31% | -1.27% | 4.98% | 40.55% |
Capital Gain Distribution Analysis
| FGCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 30, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.034 | OrdinaryDividend |
| Sep 30, 2024 | $0.034 | OrdinaryDividend |
| Aug 31, 2024 | $0.034 | OrdinaryDividend |
| Jul 31, 2024 | $0.033 | OrdinaryDividend |
| Jun 30, 2024 | $0.031 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 31, 2024 | $0.028 | OrdinaryDividend |
| Feb 29, 2024 | $0.027 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 31, 2023 | $0.028 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.026 | OrdinaryDividend |
| Sep 30, 2023 | $0.023 | OrdinaryDividend |
| Aug 31, 2023 | $0.021 | OrdinaryDividend |
| Jul 31, 2023 | $0.021 | OrdinaryDividend |
| Jun 30, 2023 | $0.022 | OrdinaryDividend |
| May 31, 2023 | $0.021 | OrdinaryDividend |
| Apr 28, 2023 | $0.021 | OrdinaryDividend |
| Mar 31, 2023 | $0.020 | OrdinaryDividend |
| Feb 28, 2023 | $0.018 | OrdinaryDividend |
| Jan 31, 2023 | $0.019 | OrdinaryDividend |
| Dec 31, 2022 | $0.022 | OrdinaryDividend |
| Nov 30, 2022 | $0.022 | OrdinaryDividend |
| Oct 31, 2022 | $0.017 | OrdinaryDividend |
| Sep 30, 2022 | $0.014 | OrdinaryDividend |
| Aug 31, 2022 | $0.014 | OrdinaryDividend |
| Jul 31, 2022 | $0.012 | OrdinaryDividend |
| Jun 30, 2022 | $0.011 | OrdinaryDividend |
| May 31, 2022 | $0.012 | OrdinaryDividend |
| Apr 30, 2022 | $0.012 | OrdinaryDividend |
| Mar 31, 2022 | $0.013 | OrdinaryDividend |
| Feb 28, 2022 | $0.012 | OrdinaryDividend |
| Jan 31, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.017 | OrdinaryDividend |
| Nov 30, 2021 | $0.013 | OrdinaryDividend |
| Oct 31, 2021 | $0.012 | OrdinaryDividend |
| Sep 30, 2021 | $0.012 | OrdinaryDividend |
| Aug 31, 2021 | $0.013 | OrdinaryDividend |
| Jul 30, 2021 | $0.014 | OrdinaryDividend |
| Jun 30, 2021 | $0.014 | OrdinaryDividend |
| May 28, 2021 | $0.013 | OrdinaryDividend |
| Apr 30, 2021 | $0.012 | OrdinaryDividend |
| Mar 31, 2021 | $0.011 | OrdinaryDividend |
| Feb 28, 2021 | $0.010 | OrdinaryDividend |
| Jan 29, 2021 | $0.008 | OrdinaryDividend |
| Dec 31, 2020 | $0.013 | OrdinaryDividend |
| Nov 30, 2020 | $0.009 | OrdinaryDividend |
| Oct 30, 2020 | $0.009 | OrdinaryDividend |
| Sep 30, 2020 | $0.011 | OrdinaryDividend |
| Aug 31, 2020 | $0.011 | OrdinaryDividend |
| Jul 31, 2020 | $0.011 | OrdinaryDividend |
| Jun 30, 2020 | $0.012 | OrdinaryDividend |
| May 29, 2020 | $0.015 | OrdinaryDividend |
| Apr 30, 2020 | $0.017 | OrdinaryDividend |
| Mar 31, 2020 | $0.019 | OrdinaryDividend |
| Feb 28, 2020 | $0.018 | OrdinaryDividend |
| Jan 31, 2020 | $0.019 | OrdinaryDividend |
| Dec 31, 2019 | $0.021 | OrdinaryDividend |
| Nov 29, 2019 | $0.020 | OrdinaryDividend |
| Oct 31, 2019 | $0.019 | OrdinaryDividend |
| Sep 30, 2019 | $0.020 | OrdinaryDividend |
| Aug 30, 2019 | $0.019 | OrdinaryDividend |
| Jul 31, 2019 | $0.021 | OrdinaryDividend |
| Dec 30, 2014 | $0.025 | ExtraDividend |
| Dec 12, 2013 | $0.019 | CapitalGainShortTerm |
| Dec 15, 2011 | $0.026 | CapitalGainShortTerm |
| Dec 15, 2011 | $0.029 | CapitalGainLongTerm |
| Dec 16, 2010 | $0.026 | CapitalGainShortTerm |
| Dec 18, 2009 | $0.202 | CapitalGainShortTerm |
| Dec 18, 2008 | $0.294 | CapitalGainLongTerm |
FGCIX - Fund Manager Analysis
Managers
John Gentry
Start Date
Tenure
Tenure Rank
Nov 30, 2013
8.5
8.5%
John Gentry is Senior Vice President, Senior Portfolio Manager and Head of the Domestic High Grade Corporate Bond Group. Mr. Gentry joined Federated in 1995. Prior to joining Federated, he was a Senior Treasury Analyst at Sun Company, Inc. and an Analyst at Golembe Associates, Inc. He has worked in investment management since 1990 and has managed investment portfolios since 1997. Mr. Gentry has received the Chartered Financial Analyst designation. Mr. Gentry received his B.A. from the University of Virginia and M.B.A. from Cornell University.
Chengjun(Chris) Wu
Start Date
Tenure
Tenure Rank
Oct 31, 2018
3.58
3.6%
Mr. Wu joined Federated in 2006 as a Senior Quantitative Analyst in the domestic fixed income area, focusing on structured products, and in 2010 was appointed Assistant Vice President of the Fund's Adviser. In 2014, after multiple years managing institutional portfolios, he became a Vice President and was appointed Senior Investment Analyst and Portfolio Manager. Before joining Federated, Mr. Wu was a Financial Analyst and Documentation Manager at Quantitative Risk Management, Inc. from 2004 to 2006 and a Lead Software Engineer at Motorola, Inc. from 2000 to 2004. Mr. Wu has received the Chartered Financial Analyst designation, B.S. from Beijing Normal University, M.S. from University of Illinois at Chicago and M.B.A. from the University of Chicago, Graduate School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
