BEARX Performance — Federated Hermes Prudent Bear Fund, Class A
Data updated: 2026-08-25
BEARX returned −8.12% year to date and −14.48% over one year to Jun 2026. Annualised returns are −12.27% over 3 years and −10.02% over 5 years. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $68, against $35 for the category, and to $86 over one year, against $68. Volatility over the past three years was 12.33% a year. In the 12 months to Jun 2026 the fund took in a net $5.5M, and assets reached $89.98M.
BEARX Growth of $100
What $100 invested in Federated Hermes Prudent Bear Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | BEARX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $86 | $68 |
| 3 years (Jul 2023 – Jun 2026) | $68 | $35 |
| 5 years (Jul 2021 – Jun 2026) | $59 | $34 |
| Since data start (Jul 2019 – Jun 2026) | $37 | $11 |
BEARX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.12% |
| 1 year | −14.48% |
| 3 years (annualised) | −12.27% |
| 5 years (annualised) | −10.02% |
BEARX Annual Returns
Calendar-year total returns of Federated Hermes Prudent Bear Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −8.12% |
| 2025 | −11.77% |
| 2024 | −12.32% |
| 2023 | −18.66% |
| 2022 | +17.79% |
| 2021 | −23.79% |
| 2020 | −22.96% |
| 2019 (Jul–Dec) | −6.89% |
BEARX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.6% | +0.5% | +5.8% | −9.2% | −5.0% | +1.7% | — | — | — | — | — | — |
| 2025 | −1.7% | +2.0% | +5.4% | +0.2% | −6.3% | −4.4% | −2.3% | −1.2% | −2.8% | −1.2% | −0.2% | +0.7% |
| 2024 | 0.0% | −4.3% | −2.5% | +4.8% | −3.7% | −2.8% | −0.4% | −1.5% | −1.7% | +1.4% | −5.0% | +3.1% |
| 2023 | −6.4% | +2.8% | −3.1% | −1.6% | −0.4% | −6.2% | −2.9% | +0.7% | +5.3% | +2.5% | −7.5% | −2.8% |
| 2022 | +5.2% | +2.1% | −5.3% | +9.7% | −0.4% | +8.6% | −8.8% | +4.1% | +10.3% | −7.4% | −6.0% | +6.9% |
| 2021 | +0.4% | −2.4% | −4.8% | −3.0% | −1.5% | −1.4% | −2.5% | −3.5% | +4.4% | −7.2% | +0.1% | −5.1% |
| 2020 | +1.3% | +9.0% | +6.3% | −10.4% | −5.9% | −2.4% | −6.2% | −8.1% | +4.0% | +1.8% | −9.8% | −3.0% |
| 2019 | — | — | — | — | — | — | −1.0% | +3.5% | −2.7% | −1.7% | −2.9% | −2.2% |
BEARX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 12.33%
- 3-year Sharpe ratio: -1.36 (vs 4.5% risk-free rate)
- Best month: +5.82% (Mar 2026)
- Worst month: −9.25% (Apr 2026)
BEARX Fund Flows
Monthly money in and out of Federated Hermes Prudent Bear Fund, from SEC Form N-PORT.
- 12-month net flow: $5.5M
- 12-month gross sales (incl. reinvestments): $119.9M
- Sales ÷ redemptions: 1.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $7.2M | $7.9M | −$777K |
| May 2026 | $16.1M | $7.0M | $9.1M |
| Apr 2026 | $17.4M | $24.1M | −$6.7M |
| Mar 2026 | $18.5M | $4.8M | $13.7M |
| Feb 2026 | $4.9M | $2.4M | $2.5M |
| Jan 2026 | $2.3M | $6.1M | −$3.8M |
| Dec 2025 | $8.4M | $22.8M | −$14.4M |
| Nov 2025 | $11.2M | $10.5M | $734K |
| Oct 2025 | $14.2M | $9.5M | $4.7M |
| Sep 2025 | $8.1M | $4.3M | $3.8M |
| Aug 2025 | $4.6M | $9.0M | −$4.4M |
| Jul 2025 | $7.1M | $6.1M | $1.0M |
BEARX Assets Under Management
Net assets of Federated Hermes Prudent Bear Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $89.98M |
| 2026-03-31 | $100.45M |
| 2025-12-31 | $84.34M |
| 2025-09-30 | $99.59M |
| 2025-06-30 | $105.58M |
| 2025-03-31 | $126.76M |
| 2024-12-31 | $109.42M |
| 2024-09-30 | $152.14M |
| 2024-06-30 | $141.89M |
| 2024-03-31 | $154.75M |
| 2023-12-31 | $190.41M |
| 2023-09-30 | $442.97M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.