FCSPX Fees and Costs — Federated Hermes Corporate Bond Strategy Portfolio
Data updated: 2026-08-25
The net expense ratio is 0.00% (0.25% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 66%.
FCSPX Fees and Expenses
Annual operating expenses and sales charges of FCSPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.00% |
| 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 | No |
| Waived fees subject to recoupment | No |
FCSPX Costs Over Time
On $10,000 invested in FCSPX, assuming 5% a year before costs, total costs come to $2 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $1 | $2 |
| Value after costs | $10,500 | $11,575 | $12,761 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
FCSPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0027%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $21K (0.013% of average net assets)
FCSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $4K | 100.00% |
FCSPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $892.2M | 77.81% |
| Jefferies LLC | $108.0M | 9.42% |
| Wells Fargo Securities, LLC | $76.1M | 6.64% |
| BMO Capital Markets Corp. | $39.9M | 3.48% |
| J.P. Morgan Securities LLC | $9.1M | 0.80% |
| Morgan Stanley & Co. LLC | $6.2M | 0.54% |
| Barclays Capital Inc. | $6.1M | 0.53% |
| Jane Street Execution Services, LLC | $5.1M | 0.44% |
| Goldman Sachs & Co. LLC | $2.3M | 0.20% |
| Citigroup Global Markets Inc. | $1.8M | 0.15% |
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.