FTRKX

About FTRKX

Federated Hermes Total Return Bond Fund Class R Shares is an open-ended mutual fund dedicated to delivering a total return by actively managing a diversified portfolio of fixed income assets. The fund primarily invests in U.S. dollar-denominated, investment-grade securities such as mortgage-backed instruments, corporate debt, and U.S. government obligations, while retaining the flexibility to allocate up to 25% of its total assets to high-yield and non-U.S. fixed income securities when risk and return profiles are deemed attractive. With over a thousand holdings, it offers substantial diversification within the intermediate core-plus bond category, covering an array of bond sectors and credit qualities. The fund maintains a below-average risk and performance rating relative to its peers, and seeks to balance regular monthly income distribution with long-term capital appreciation. Managed by a seasoned investment team, Federated Hermes Total Return Bond Fund Class R Shares plays a notable role for investors and institutional clients seeking broad fixed income exposure and strategic total return in varying interest rate and credit environments.