FTRKX Fees and Costs — Federated Hermes Total Return Bond Fund, Class R
Data updated: 2026-07-27
The net expense ratio is 1.13%: a 0.29% management fee, a 0.50% 12b-1 fee plus 0.34% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.0092% of average net assets, and portfolio turnover was 45%.
FTRKX Fees and Expenses
Annual operating expenses and sales charges of FTRKX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.13% |
| 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 |
FTRKX Costs Over Time
On $10,000 invested in FTRKX, assuming 5% a year before costs, total costs come to $711 over 5 years, cutting the return by 1.20% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $120 | $391 | $711 |
| Value after costs | $10,380 | $11,185 | $12,052 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
FTRKX 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): 0.0092%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $25.2B
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $25.0M
- Net income from securities lending: $339K (0.002% of average net assets)
FTRKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.3M | 96.99% |
| Jane Street Execution Services, LLC | $41K | 3.01% |
FTRKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $8.1B | 34.59% |
| Barclays Capital Inc. | $5.3B | 22.63% |
| BMO Capital Markets Corp. | $2.4B | 10.38% |
| Citadel Securities LLC | $2.2B | 9.38% |
| J.P. Morgan Securities LLC | $1.1B | 4.78% |
| Citigroup Global Markets Inc. | $1.1B | 4.53% |
| Goldman Sachs & Co. LLC | $954.7M | 4.10% |
| Nomura Securities International, Inc. | $863.1M | 3.71% |
| Santander Securities LLC | $824.5M | 3.54% |
| Wells Fargo Securities, LLC | $551.4M | 2.37% |
Federated Hermes Total Return Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTRLX | Class R6 | 0.38% | none |
| FTRBX | Institutional Shares | 0.39% | none |
| FTRFX | Service Shares | 0.69% | none |
| TLRAX | Class A | 0.94% | 4.50% |
| FTRKX | Class R | 1.13% | none |
| TLRCX | Class C | 1.46% | 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.