Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund
Data updated: 2020-12-08
C000166291 — Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund. Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000166291 Fund Overview
Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund is a US mutual fund managed by Federated Hermes High Yield Trust, categorised as Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes High Yield Trust
- Category: Blend / Core Equity
- Assets under management: $1.65M
- 1-year return: -22.6%
- SEC CIK: 0000745967
- SEC series ID: S000052866
- Share class ID: C000166291
C000166291 Investment Objective and Strategy
Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes High Yield Trust.
Investment objective
The Fund's investment objective is to seek capital appreciation. The objective may be changed by the Fund's Trustees without shareholder approval.
Principal investment strategy
The Fund pursues its investment objective by primarily investing in leveraged company stocks across all market capitalizations. Leveraged companies utilize relatively high levels of debt as part of their capital structure. The Fund's portfolio is managed using a fundamental bottom-up investment process that integrates high-yield credit research and equity analysis focusing on stable and predictable operating companies with leveraged balance sheets. The Fund does not focus on a particular investment style (growth and/or value), but rather seeks the best opportunities across its investable universe. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in equity investments.
C000166291 Performance
Total returns for C000166291 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -22.6% |
C000166291 Risk Information
Risk metrics for C000166291, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 46.0%
C000166291 Costs and Fees
C000166291 costs about $98 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.98%
- Gross expense ratio: 9.80%
- Portfolio turnover: 51%
C000166291 Cashflows
Over the 12 months to 2020-06, Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund had net inflows of $26.37K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $1.18K |
| 2020-05 | $38.17K |
| 2020-04 | $15.18K |
| 2020-03 | $23.33K |
| 2020-02 | $550 |
| 2020-01 | $10.12K |
C000166291 Debt Constituents
No individual debt constituents are reported in Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund's latest SEC N-PORT filing.
C000166291 Prospectus and SEC Filings
Official Federated Hermes Equity Advantage Fund f/k/a Federated Equity Advantage Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-12-13
- Prospectus (485BPOS) — filed 2018-12-12
- Prospectus (485BPOS) — filed 2017-12-13
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-26
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Annual census (N-CEN) — filed 2020-12-08
- Annual census (N-CEN) — filed 2019-12-12
Related Funds
Other Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.