Investment strategies described on this site are not necessarily available through every sponsor program. Please check with your Federated Hermes representative or your home office to ascertain accessibility.
Investing in equities is speculative and involves substantial risk.
The stocks of small- and medium-sized companies are often associated with higher risk than stocks of larger companies, including higher volatility.
Diversification does not assure a profit nor protect against loss.
Price-to-earnings ratio (P/E): A ratio comparing the company’s current share price, as compared to its earnings-per-share, for the last twelve months (LTM), or estimated for the next 12 months (NTM), current fiscal year (FY1), or next (forward) fiscal year.
EPS growth: The estimated average annual growth rate of fiscal year earnings per share for a given corporation.
Price/book value ratio: A ratio used to compare a stock’s market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value per share.
Price/cash flow ratio: A stock valuation measure calculated by dividing a firm’s cash flow per share into the current stock price.
For a detailed discussion of Managed Account strategies or to receive additional information, please Contact Us.
Issues discussed within this communication represent the investment manager's explanation of factors that were considered when executing transactions or holding specific securities on the prior date indicated. Because this is a managed portfolio, the investment mix will change and the holdings are not indicative of future portfolio composition. Marketplace conditions fluctuate suddenly and frequently, and investment manager's opinions may change. These comments are not intended to be and do not constitute recommendations that others buy, sell or hold any of the securities discussed.
Refer to the GIPS report found on this website in the Performance Profile found in the Documents section.
The characteristics are based on a portfolio which is used as a guide for cloning (or managing) underlying accounts to a particular strategy. Taking into consideration individual investor circumstances could cause deviation from this guide (e.g. restrictions, tax requests, etc.). Portfolio characteristics are as of the date shown above and are based on individual securities in the portfolio on that date. Securities in the portfolio are subject to change.
Risk statistics are based on gross performance. Statistics shown are not indicative of future statistics and are not representative of future portfolio performance.
For printing purposes, this commentary must be accompanied by the full GIPS report.
Past performance is no guarantee of future results.
For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.
Federated Investment Counseling