FGCAX

About FGCAX

Federated Hermes Short-Intermediate Total Return Bond Fund Class A is an actively managed mutual fund focused on generating total return from a diversified portfolio of short- to intermediate-maturity fixed income securities. The strategy blends investment-grade corporates, asset-backed and mortgage-backed securities, and selective government-related debt to balance income generation with interest-rate and credit risk management. The fund targets a shorter duration profile than core bond peers, aiming to reduce sensitivity to rate moves while maintaining broad sector exposure across the U.S. bond market. Management employs fundamental credit research and may use derivatives for hedging or efficient exposure, acknowledging distinct risks versus direct holdings. The vehicle’s role in portfolios is typically as a core short-intermediate bond allocation, providing diversification to equities and longer-duration bonds, dampening volatility, and offering a steady income stream relative to cash. Key metrics followed by investors include net asset value stability, yield measures such as the 30-day SEC yield, and asset mix by credit quality and sector, with ratings mapped using a standardized two-out-of-three agency methodology for consistency across holdings.