Federated Hermes Managed Volatility II P |
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Release date as of 2022-05-31. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2022-05-31 |
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Out of 241 Tactical Allocation Funds
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Morningstar® Style Box™
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What is this?
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As of 2022-03-31 |
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As of 2022-03-31 |
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Total Fund Assets ($ Mil) |
191.83 |
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Investment Objective & Strategy |
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The investment seeks high current income and moderate capital appreciation.
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The fund invests in both equity and fixed-income securities that have high income potential. The analysis seeks to identify securities likely to have predictable returns based on a number of strategies such as valuation, market sentiment, profitability and capital use. It may buy or sell foreign currencies or foreign currency forwards in lieu of or in addition to non-dollar denominated fixed-income securities in order to hedge or increase or decrease its exposure to foreign interest rate and/or currency markets. |
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Morningstar Category: Tactical Allocation |
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Tactical Allocation portfolios seek to provide capital appreciation and income by actively shifting allocations across investments. These portfolios have material shifts across equity regions, and bond sectors on a frequent basis. To qualify for the tactical allocation category, the fund must have minimum exposures of 10% in bonds and 20% in equity. Next, the fund must historically demonstrate material shifts in sector or regional allocations either through a gradual shift over three years or through a series of material shifts on a quarterly basis. Within a three-year period, typically the average quarterly changes between equity regions and bond sectors exceeds 15% or the difference between the maximum and minimum exposure to a single equity region or bond sector exceeds 50%.
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There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund. |
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% of Net Assets |
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U.S. Stocks |
51.0 |
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Non-U.S. Stocks |
0.9 |
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Bonds |
40.0 |
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Cash |
6.3 |
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Other |
1.8 |
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Total |
100.0 |
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Data through
2022-03-31 |
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Morningstar Equity Sectors |
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% of Stocks |
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Cyclical |
32.57 |
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Basic Materials |
2.51 |
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Consumer Cyclical |
7.15 |
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Financial Services |
18.13 |
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Real Estate |
4.78 |
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Sensitive |
38.59 |
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Communication Services |
7.82 |
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Energy |
6.11 |
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Industrials |
10.69 |
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Technology |
13.97 |
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Defensive |
28.85 |
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Consumer Defensive |
7.48 |
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Healthcare |
16.73 |
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Utilities |
4.64 |
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Data through 2022-03-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
25.84 |
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Corporate |
37.59 |
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Securitized |
22.55 |
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Municipal |
0.00 |
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Cash & Equivalents |
13.95 |
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Other |
0.07 |
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% Bonds |
AAA |
49.80 |
AA |
0.80 |
A |
8.90 |
BBB |
25.20 |
BB |
4.00 |
B |
5.70 |
Below B |
2.20 |
Not Rated |
3.40 |
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Total Number of Stock Holdings |
257 |
Total Number of Bond Holdings |
328 |
% of Net Assets in Top 10 Holdings |
47.24 |
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Turnover % |
(as of 2021-12-31) |
60.00 |
30 Day SEC Yield % |
1.75 |
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Sector |
Country |
Maturity Date |
Market Value ($000) |
% of Net Assets |
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S+P500 Emini Fut Jun22 Xcme 20220617 |
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USA |
2022-06-17 |
33,301 |
14.80 |
Federated Mortgage Core Portfolio |
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USA |
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29,439 |
13.09 |
10 Year Treasury Note Future June 22 |
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USA |
2022-06-21 |
-14,376 |
6.39 |
Federated Hermes High Income Bond II P |
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USA |
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5,394 |
2.40 |
Us 2yr Note (Cbt) Jun22 Xcbt 20220630 |
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2022-06-30 |
5,298 |
2.36 |
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United States Treasury Notes 0.5% |
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USA |
2023-03-15 |
5,144 |
2.29 |
Bank Loan Core |
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USA |
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4,616 |
2.05 |
Federated Project and Trade Fin Cor |
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USA |
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3,398 |
1.51 |
Federated Emerging Markets Core |
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USA |
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2,999 |
1.33 |
5 Year Treasury Note Future June 22 |
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USA |
2022-06-30 |
2,294 |
1.02 |
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Short Sale, Credit and Counterparty, Extension, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Quantitative Investing, Value Investing, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Derivatives, Leverage, Custody, Management, Mid-Cap, Large Cap |
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Show Risk Definitions |
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Inception Date: 1994-02-10 |
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James P. Gordon (2014-08-20) |
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James P. Gordon, Jr., CFA, Senior Portfolio Manager, has been the Fund’s portfolio manager since August 2014.
Mr. Gordon is jointly responsible for the day-to-day management of the Fund. He has been with the Adviser or an affiliate since 2002; has worked in investment management since 1992; and has managed investment portfolios since 2007. Education: B.S. and M. Eng., Cornell University; M.B.A., The University of Chicago, Booth School of Business. |
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Jerome D. Conner (2014-04-08) |
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Jerome D. Conner, CFA, is a portfolio manager at Federated Investment Management Company focusing on asset allocation, interest rate strategy and security selection. He has been with Federated Investment Management Company since 2002; has worked in investment management since 1995; has managed investment portfolios since 2010. Education: B.S., U.S. Naval Academy; M.S., Boston University. |
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Ian L. Miller (2017-04-30) |
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Mr. Miller joined Federated in January 2006 as a Quantitative Analyst. ; has worked in investment management since 2006; and has managed investment portfolios since 2012. Miller earned a B.S. in Molecular Biology from Clarion University and an M.S. in Biotechnology from The John Hopkins University. |
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Damian M. McIntyre (2015-04-30) |
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Damian M. McIntyre, CFA , FRM and CAIA, Portfolio Manager, has been the Fund’s portfolio manager since January 2017 and served as associate portfolio manager since April 2015.
Mr. McIntyre joined Federated in 2008 as an Associate Quantitative Analyst and has been responsible for assisting with the investment process in the Global Equity Area, focusing on Managed Risk strategies. Mr. McIntyre received his B.S., Computational Finance, and an M.B.A. with a concentration in Finance, Economics and Strategy from Carnegie Mellon University. |
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Ihab L. Salib (2013-05-13) |
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Mr. Salib joined Federated in April 1999 as a Senior Fixed Income Trader/Assistant Vice President of the emerging markets affiliated fund's Adviser. In July 2000, he was named a Vice President and in 2007 was named Senior Vice President. From January 1994 through March 1999, Mr. Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc. Mr. Salib received his B.A. with a major in Economics from Stony Brook University. |
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Dana L. Meissner (2020-04-30) |
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Dana L. Meissner, CFA, FRM and CAIA, Senior Portfolio Manager, has been the Fund’s portfolio manager since April 2020.
Mr. Meissner is jointly responsible for the day-to-day management of the Fund. He has been with the Adviser or an affiliate since 2000;
has worked in investment management since 2000; and has managed investment portfolios since 2009. Education: M.S.I.A., Carnegie Mellon University; M.S. and B.S., University of Toledo. |
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Todd A. Abraham (1999-02-28) |
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Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College. |
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Mark E. Durbiano (1994-02-10) |
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Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh. |
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Federated Global Investment Management Corp |
Federated Investment Management Company |
Federated Equity Mgmt Co. Of Penn |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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