FTRLX

About FTRLX

Federated Hermes Total Return Bond Fund Class R6 Shares is an open-end mutual fund specializing in U.S. dollar-denominated, investment-grade fixed-income securities. The fund’s primary objective is to generate total return for investors by balancing income and capital appreciation. Managed with an intermediate core-plus bond strategy, it invests mainly in high-quality bonds but also has the flexibility to allocate up to 25% of assets to non-investment-grade bonds (also known as high-yield or "junk" bonds) and includes exposure to emerging market and non-U.S. dollar-denominated debt when the risk-reward profile is favorable. The fund's portfolio is characterized by moderate credit quality and interest-rate sensitivity, aiming to diversify risk and enhance potential returns. Notable positions include U.S. Treasury notes, mortgage-backed securities, and select corporate bonds. With a substantial asset base and a competitive expense ratio, the fund serves institutional and retirement investors seeking broad exposure to the fixed-income market while maintaining a focus on prudent risk management. Its role in the financial market is to offer investors access to a diversified, actively managed bond portfolio designed to navigate various market conditions and interest rate environments.