C000176720 Fees and Costs — Federated Hermes Global Strategic Value Dividend Fund, Institutional Shares
Data updated: 2022-01-13
The net expense ratio is 0.89%: a 0.75% management fee plus 18.32% other expenses, less a 18.18% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 44%.
C000176720 Fees and Expenses
Annual operating expenses and sales charges of C000176720. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 18.32% |
| Gross expense ratio | 19.07% |
| Fee waiver | −18.18% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000176720 Costs Over Time
On $10,000 invested in C000176720, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% 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 |
| Fund expenses (net expense ratio 0.89%) | $93 | $292 | $507 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000176720 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000176720 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $836 | 53.06% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $126 | 7.98% |
| Liquidnet, Inc. | $115 | 7.29% |
| Citigroup Global Markets Inc. | $99 | 6.26% |
| Daiwa Capital Markets America Inc. | $95 | 6.04% |
| Credit Suisse Securities (USA) LLC | $87 | 5.55% |
| J.P. Morgan Securities LLC | $60 | 3.81% |
| Barclays Capital Inc. | $60 | 3.80% |
| Cowen and Company | $51 | 3.22% |
| Jefferies LLC | $47 | 2.99% |
C000176720 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $1.5M | 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.