FSBBX — Federated Global Allocation Fund

FSBBX Fund Overview

FSBBX — Federated Global Allocation Fund is a US mutual fund managed by Federated Hermes Global Allocation Fund, categorised as Global (incl. US) Large Cap Blend / Core Equity. 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 Global Allocation Fund
• Category: Global (incl. US) Large Cap Blend / Core Equity
• Assets under management: $292.14M
• 1-year return: 0.0%
• Ticker: FSBBX
• SEC CIK: 0000013386
• SEC series ID: S000009117
• Share class ID: C000024798

FSBBX Investment Objective and Strategy

Federated Global Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Global Allocation Fund.

Investment objective

The Fund's investment objective is to provide relative safety of capital with the possibility of long-term growth of capital and income. Consideration is also given to current income.

Principal investment strategy

"During normal market conditions, the Fund's investment adviser or sub-adviser (as applicable, the ""Adviser"") anticipates that the Fund will invest in a diversified mix of various asset classes, which may include, but are not limited to, equity and fixed-income investments, in any proportion. The Fund's asset mix will change based upon the Adviser's view of economic and market conditions. The Fund will generally allocate a substantial amount of its total assets (approximately 40% or moreunless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30%) to non-U.S. investments. The Fund will allocate its assets among various regions and countries, including the United States, but in no fewer than three different countries. The Adviser utilizes proprietary quantitative models based on market and economic factors to guide certain of its asset allocation decisions.

With regard to the portion of the Fund allocated to equity securities, the Adviser may allocate relatively more of the Fund's assets, based upon its view of economic and market conditions, to securities with exposure to a particular sector, country or region, to securities chosen using a particular style of investing (e.g., growth or value) or to securities with a particular market capitalization (e.g., small, medium or large). When selecting individual equity securities (whether foreign or domestic) in which to invest, the Adviser focuses primarily on securities of companies that collectively provide the Fund with the region, country, sector, style and size exposures the Adviser is targeting. The Adviser also considers other security-specific factors that it expects to generate relatively better performance within the stock portfolio.

Such factors include valuation, profitability, growth expectations, market sentiment and price behavior. The fixed-income asset classes in which the Fund may invest include domestic debt securities, including corporate debt securities, U.S. government obligations and mortgage-backed securities (MBS). The Fund may also invest in non-U.S. dollar and dollar denominated fixed-income securities of foreign governments and their agencies or foreign corporations. The Fund may invest in securities of issuers in both developed and emerging market countries. The Fund may buy or sell foreign currencies in lieu of or in addition to non-dollar-denominated, fixed-income securities in order to increase or decrease its exposure to foreign interest rate and/or currency markets. The Fund's investments in domestic and foreign fixed-income securities may include investments in noninvestment-grade securities, sometimes referred to as ""high-yield"" securities or ""junk bonds,"" which may include securities with any credit rating or even securities the issuer of which is in default.

The Fund may invest in government securities which are issued or guaranteed by a federal agency or instrumentality acting under federal authority, including government securities that are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association. Finally, the Fund may invest in government securities, from time to time, that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.

Such securities include those issued by the Farm Credit System and the Financing Corporation. The Adviser seeks to enhance the performance of the Fund's fixed-income portfolio by allocating more assets to the security types that the Adviser expects to offer the best balance between total return and risk. The Adviser may also seek to enhance the performance of the Fund's fixed-income portfolio by attempting to target a specific duration or maturity range for the Fund based upon its view of interest rates and other economic conditions. However, the Adviser is not constrained by any duration or maturity range or credit quality when investing the fixed-income portion of the Fund. As with the overall allocation process, the Adviser utilizes proprietary quantitative models based on market and economic factors and others to guide certain of its security selection decisions.

The Fund may use such derivative contracts or hybrid instruments to increase or decrease the portfolio's exposure to the investment(s) underlying the derivative or hybrid instruments in an attempt to benefit from changes in the value of the underlying investment(s), to realize gains from trading a derivative contract or to hedge against potential losses. There can be no assurances that the Fund's use of derivative contracts or hybrid instruments will work as intended. The Fund may invest in instruments, such as exchange-traded funds (ETFs) whose performance is determined by the price of an underlying commodity or commodity index. When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (""Underlying Funds"").

The Fund may also invest in hybrid instruments and real estate investment trusts (REITs) in any manner consistent with its investment strategy. The Fund may sell a security short in an effort to profit from a decline in the price of the security. While the Fund seeks relative safety of capital compared to its benchmark, the Fund may not achieve this objective, and it is possible to lose money by investing in the Fund. The Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate, which is likely to generate shorter-term gains (losses) for its shareholders, which are taxed at a higher rate than longer-term gains (losses). Actively trading portfolio securities increases the Fund's trading costs and may have an adverse impact on the Fund's performance."

FSBBX Holdings

Top 10 holdings of Federated Global Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all FSBBX holdings

FSBBX Portfolio Allocation

Asset-class allocation of Federated Global Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

FSBBX Performance

Total returns for FSBBX (as of 2026-10-01), from SEC filings.

FSBBX Risk Information

Risk metrics for FSBBX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 0.0%

FSBBX Costs and Fees

FSBBX costs about $200 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.00%
• Gross expense ratio: 2.14%
• Portfolio turnover: 101%
• Brokerage commissions: 16.37 bps of average net assets (SEC N-CEN)

FSBBX Cashflows

Over the 12 months to 2026-05, Federated Global Allocation Fund had net outflows of $11.47M, from monthly SEC N-PORT filings.

FSBBX Debt Constituents

Largest debt holdings of Federated Global Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

FSBBX Prospectus and SEC Filings

Official Federated Global Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-01-27
• Prospectus (485BPOS) — filed 2025-01-27
• Prospectus (485BPOS) — filed 2024-01-26
• Portfolio holdings (N-PORT) — filed 2026-07-27
• Portfolio holdings (N-PORT) — filed 2026-04-23
• Portfolio holdings (N-PORT) — filed 2026-01-23
• Annual census (N-CEN) — filed 2026-02-11
• Annual census (N-CEN) — filed 2025-02-04

Related Funds

Other Global (incl. US) Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Capital World Growth & Income Fund (CWGIX)
• Vanguard Total World Stock Index Fund (VT)
• iShares MSCI ACWI ETF (ACWI)
• Old Westbury Large Cap Strategies Fund (OWLSX)
• iShares MSCI World ETF (URTH)

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.