FSBLX Fees and Costs — Federated Hermes Global Allocation Fund, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.84%: a 0.69% management fee plus 0.40% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $453K in broker commissions, 0.1637% of average net assets, and portfolio turnover was 101%.
FSBLX Fees and Expenses
Annual operating expenses and sales charges of FSBLX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.84% |
| 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 |
FSBLX Costs Over Time
On $10,000 invested in FSBLX, assuming 5% a year before costs, total costs come to $628 over 5 years, cutting the return by 1.05% 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 0.84%) | $88 | $275 | $477 |
| Trading costs (broker commissions) | $17 | $54 | $93 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $628 |
| Value after costs | $10,395 | $11,231 | $12,135 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
FSBLX 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): 0.1637%
- Total broker commissions: $453K
- Bought from dealers (principal trades, not a cost): $218.3M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
FSBLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $313K | 69.22% |
| Barclays Capital Inc. | $102K | 22.53% |
| ICICI Securities Inc. | $19K | 4.12% |
| Citigroup Global Markets Inc. | $5K | 1.04% |
| J.P. Morgan Securities LLC | $5K | 1.01% |
| Eurobank Ergasias Services and Holdings S.A. | $4K | 0.84% |
| Wedbush Securities Inc. | $4K | 0.81% |
| Evercore Group L.L.C. | $896 | 0.20% |
| SG Americas Securities, LLC | $868 | 0.19% |
| Goldman Sachs & Co. LLC | $258 | 0.06% |
FSBLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $155.5M | 74.97% |
| Goldman Sachs & Co. LLC | $19.5M | 9.38% |
| BMO Capital Markets Corp. | $8.4M | 4.06% |
| J.P. Morgan Securities LLC | $5.7M | 2.74% |
| Morgan Stanley & Co. LLC | $5.3M | 2.55% |
| Citadel Securities LLC | $4.3M | 2.09% |
| Wells Fargo Securities, LLC | $2.6M | 1.24% |
| Barclays Capital Inc. | $2.5M | 1.18% |
| Nomura Securities International, Inc. | $2.0M | 0.96% |
| BofA Securities, Inc. | $1.7M | 0.84% |
Federated Hermes Global Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSBLX | Class R6 | 0.84% | none |
| SBFIX | Institutional Shares | 0.86% | none |
| FSTBX | Class A | 1.15% | 4.50% |
| FSBKX | Class R | 1.58% | none |
| FSBCX | Class C | 1.95% | none |
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.