FMBPX Fees and Costs — Federated Hermes Mortgage Strategy Portfolio
Data updated: 2026-08-25
The net expense ratio is 0.02% (0.14% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 17%.
FMBPX Fees and Expenses
Annual operating expenses and sales charges of FMBPX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.14% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.02% |
| 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 |
FMBPX Costs Over Time
On $10,000 invested in FMBPX, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
FMBPX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
FMBPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1.2B | 59.91% |
| Federated Securities Corp. | $743.5M | 37.59% |
| BMO Capital Markets Corp. | $49.6M | 2.51% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.