C000166290 Fees and Costs — Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund, Class A
Data updated: 2020-12-08
The net expense ratio is 1.23%: a 0.85% management fee plus 9.03% other expenses, less a 8.65% fee waiver. This share class carries a maximum front-end sales load of 5.50%. Portfolio turnover was 51%.
C000166290 Fees and Expenses
Annual operating expenses and sales charges of C000166290. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 9.03% |
| Gross expense ratio | 9.88% |
| Fee waiver | −8.65% |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000166290 Costs Over Time
On $10,000 invested in C000166290, assuming 5% a year before costs, total costs come to $1,426 over 5 years, cutting the return by 2.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.23%) | $122 | $380 | $657 |
| Lost growth on money paid in costs | $27 | $106 | $218 |
| Total costs | $700 | $1,035 | $1,426 |
| Value after costs | $9,800 | $10,541 | $11,337 |
| Impact on return, per year | 7.00% | 3.23% | 2.46% |
C000166290 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
C000166290 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $1K | 87.41% |
| Liquidnet, Inc. | $119 | 8.67% |
| Barclays Capital Inc. | $18 | 1.32% |
| Wells Fargo Securities, LLC | $15 | 1.07% |
| ISI Financial Group Inc | $10 | 0.76% |
| Cowen and Company, LLC | $8 | 0.57% |
| Sanford C. Bernstein & Co., LLC | $3 | 0.19% |
C000166290 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $972K | 100.00% |
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.