SVAAX Fees and Costs — Federated Hermes Strategic Value Dividend Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.06%: a 0.73% management fee plus 0.43% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $4.3M in broker commissions, 0.0514% of average net assets, and portfolio turnover was 34%.
SVAAX Fees and Expenses
Annual operating expenses and sales charges of SVAAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
SVAAX Costs Over Time
On $10,000 invested in SVAAX, assuming 5% a year before costs, total costs come to $1,357 over 5 years, cutting the return by 2.34% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.06%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $27 | $104 | $212 |
| Total costs | $688 | $997 | $1,357 |
| Value after costs | $9,812 | $10,579 | $11,405 |
| Impact on return, per year | 6.88% | 3.11% | 2.34% |
SVAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0514%
- Total broker commissions: $4.3M
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
SVAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $763K | 21.14% |
| Barclays Capital Inc. | $443K | 12.28% |
| Jefferies LLC | $413K | 11.45% |
| Instinet, LLC | $332K | 9.21% |
| Piper Sandler & Co. | $322K | 8.92% |
| UBS Securities LLC | $314K | 8.69% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $294K | 8.15% |
| Citigroup Global Markets Inc. | $284K | 7.88% |
| Cowen and Company | $226K | 6.26% |
| Goldman Sachs & Co. LLC | $217K | 6.01% |
SVAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $2.5B | 100.00% |
Federated Hermes Strategic Value Dividend Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SVALX | Class R6 | 0.79% | none |
| SVAIX | Institutional Shares | 0.81% | none |
| SVAAX | Class A | 1.06% | 5.50% |
| SVACX | Class C | 1.88% | 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.