Federated Hermes Core Bond Fund
Data updated: 2025-11-24
C000227650 — Federated Hermes Core Bond Fund. Alternative · $10.92M AUM · 0.33% expense ratio · 0.0% 1-yr return. Holdings, fees, performance and SEC filings.
C000227650 Fund Overview
Federated Hermes Core Bond Fund is a US mutual fund managed by Federated Hermes Total Return Series, Inc., categorised as Alternative. 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 Total Return Series, Inc.
- Category: Alternative
- Assets under management: $10.92M
- 1-year return: 0.0%
- SEC CIK: 0000912763
- SEC series ID: S000010896
- Share class ID: C000227650
C000227650 Investment Objective and Strategy
Federated Hermes Core Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Total Return Series, Inc..
Investment objective
The Fund's investment objective is to provide total return.
Principal investment strategy
"The Fund seeks total return, which is defined as income plus capital appreciation. Under normal market conditions, the Fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. The Fund will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The Fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. The Fund may invest up to 15% of its assets in noninvestment-grade securities, including those backed by so-called ""sub-prime"" mortgages and other types of non-investment grade securities. Noninvestment-grade securities may also be referred to as below investment-grade securities.
The Fund also may invest in U.S. government securities and certain derivative instruments (such as, for example, futures contracts, options contracts and swap contracts) to implement its investment strategies as more fully described herein. The Fund typically seeks to maintain an overall average dollar-weighted portfolio duration that is within 20% above or below the Bloomberg Barclays U.S. Mortgage Backed Securities Index (the ""Index""). At times, the Fund's investment adviser (the ""Adviser"") calculation of portfolio duration may result in variances outside this range. Duration is a measure of the price volatility of a fixed-income security as a result of changes in interest rates, based on the weighted average timing of the instrument's expected fixed interest and principal payments. For example, if interest rates rise by 1% (in a parallel shift) the NAV of a fund with an average duration of five years theoretically would decline about 5.0%.
As of September 30, 2018, the duration of the Index, as published by its sponsor, was 5.21 years. The duration of the Index and the Fund will change on a daily basis. The Adviser seeks to create a portfolio, consisting of MBS, commercial mortgage-backed securities, derivative instruments and other securities that outperforms the Index. The Fund may also invest in certain types of securities, such as, but not limited to, GSE Risk Transfer Notes, lease backed and asset backed securities, event-linked bonds and other insurance linked notes. Based on fundamental analysis, the Adviser will consider a variety of factors when making decisions to purchase or sell particular securities or derivative contracts. The Fund may, but is not required to, use derivative instruments, which are instruments that have a value based on another instrument, exchange rate or index, and may be used as substitutes for securities in which the Fund can invest, or to hedge against a potential loss in the underlying asset.
There can be no assurance that the Fund's use of derivative instruments will work as intended. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage 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 mortgage investments."
C000227650 Holdings
Top 1 holdings of Federated Hermes Core Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Government Obligations Fund | 100.90% |
C000227650 Portfolio Allocation
Asset-class allocation of Federated Hermes Core Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 100.9% |
C000227650 Performance
Total returns for C000227650 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -5.1% |
C000227650 Risk Information
Risk metrics for C000227650, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
C000227650 Costs and Fees
C000227650 costs about $33 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.33%
- Gross expense ratio: 2.43%
- Portfolio turnover: 34%
- Brokerage commissions: 0.37 bps of average net assets (SEC N-CEN)
C000227650 Cashflows
Over the 12 months to 2025-09, Federated Hermes Core Bond Fund had net outflows of $13.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | −$15.00M |
| 2025-08 | −$594.63K |
| 2025-07 | $2.21M |
| 2025-06 | −$37.12K |
| 2025-05 | −$350.09K |
| 2025-04 | $35.39K |
C000227650 Debt Constituents
No individual debt constituents are reported in Federated Hermes Core Bond Fund's latest SEC N-PORT filing.
C000227650 Prospectus and SEC Filings
Official Federated Hermes Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-11-26
- Prospectus (485BPOS) — filed 2023-11-28
- Prospectus (485BPOS) — filed 2022-11-23
- Portfolio holdings (N-PORT) — filed 2025-11-24
- Portfolio holdings (N-PORT) — filed 2025-08-22
- Portfolio holdings (N-PORT) — filed 2025-05-23
- Annual census (N-CEN) — filed 2024-12-04
- Annual census (N-CEN) — filed 2023-12-04
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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.