RRFAX Fees and Costs — Federated Hermes Inflation Protected Securities Fund, Class A
Data updated: 2026-08-25
The net expense ratio is 0.60%: a 0.30% management fee plus 0.72% other expenses, less a 0.42% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2024 the fund paid $17K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 51%.
RRFAX Fees and Expenses
Annual operating expenses and sales charges of RRFAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
RRFAX Costs Over Time
On $10,000 invested in RRFAX, assuming 5% a year before costs, total costs come to $945 over 5 years, cutting the return by 1.60% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.60%) | $60 | $188 | $328 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $22 | $80 | $158 |
| Total costs | $534 | $724 | $945 |
| Value after costs | $9,966 | $10,853 | $11,818 |
| Impact on return, per year | 5.34% | 2.24% | 1.60% |
RRFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $375.9M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
RRFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $17K | 100.00% |
RRFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $107.0M | 30.11% |
| Deutsche Bank Securities Inc. | $53.7M | 15.12% |
| BMO Capital Markets Corp. | $42.5M | 11.97% |
| Citadel Securities LLC | $38.2M | 10.75% |
| Federated Securities Corp. | $33.9M | 9.55% |
| Morgan Stanley & Co. LLC | $24.5M | 6.89% |
| Nomura Securities International, Inc. | $19.4M | 5.47% |
| J.P. Morgan Securities LLC | $13.5M | 3.81% |
| BNY Mellon Capital Markets, LLC | $11.5M | 3.24% |
| Citigroup Global Markets Inc. | $11.0M | 3.09% |
Federated Hermes Inflation Protected Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIPRX | Class R6 | 0.31% | none |
| RRFIX | Institutional Shares | 0.35% | none |
| RRFAX | Class A | 0.60% | 4.50% |
| RRFCX | Class C | 1.38% | 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.