C000227650 Fees and Costs — Federated Hermes Core Bond Fund, Class R6
Data updated: 2025-11-24
The net expense ratio is 0.33%: a 0.35% management fee plus 2.08% other expenses, less a 2.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $687 in broker commissions, 0.0037% of average net assets, and portfolio turnover was 34%.
C000227650 Fees and Expenses
Annual operating expenses and sales charges of C000227650. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.08% |
| Gross expense ratio | 2.43% |
| Fee waiver | −2.10% |
| Net expense ratio | 0.33% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000227650 Costs Over Time
On $10,000 invested in C000227650, assuming 5% a year before costs, total costs come to $212 over 5 years, cutting the return by 0.35% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $116 | $212 |
| Value after costs | $10,465 | $11,461 | $12,551 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000227650 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0037%
- Total broker commissions: $687
- Bought from dealers (principal trades, not a cost): $81.0M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
C000227650 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $687 | 100.00% |
C000227650 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $53.8M | 67.46% |
| Wells Fargo Securities, LLC | $8.0M | 10.02% |
| J.P. Morgan Securities LLC | $5.2M | 6.52% |
| BMO Capital Markets Corp. | $3.9M | 4.90% |
| Morgan Stanley & Co. LLC | $2.2M | 2.78% |
| Nomura Securities International, Inc. | $2.2M | 2.76% |
| Citadel Securities LLC | $1.5M | 1.92% |
| Deutsche Bank Securities Inc. | $1.4M | 1.74% |
| BNY Mellon Capital Markets, LLC | $901K | 1.13% |
| Barclays Capital Inc. | $611K | 0.77% |
Federated Hermes Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000227650 | Class R6 | 0.33% | none |
| FGFIX | Institutional Shares | 0.34% | none |
| FGFSX | Class A | 0.59% | 4.50% |
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.