FIBPX Fees and Costs — Federated Hermes International Bond Strategy Portfolio
Data updated: 2026-07-27
The net expense ratio is 0.03% (0.47% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 29%.
FIBPX Fees and Expenses
Annual operating expenses and sales charges of FIBPX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 0.47% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.03% |
| 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 |
FIBPX Costs Over Time
On $10,000 invested in FIBPX, assuming 5% a year before costs, total costs come to $19 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $10 | $19 |
| Value after costs | $10,497 | $11,566 | $12,744 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
FIBPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
FIBPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $512.8M | 47.81% |
| Barclays Capital Inc. | $277.7M | 25.89% |
| Natixis Securites America LLC | $239.4M | 22.32% |
| Federated Securities Corp | $26.2M | 2.44% |
| J.P. Morgan Securities LLC | $6.5M | 0.60% |
| Mizuho Securities USA LLC | $2.7M | 0.26% |
| Institut National De La Statistique Et Des Etudes Economiques | $2.5M | 0.23% |
| HSBC SECURITIES (USA) INC. | $2.3M | 0.22% |
| Credit Agricole Securities (USA) Inc. | $1.4M | 0.13% |
| Goldman Sachs & Co. LLC | $1.1M | 0.10% |
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.