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.
For a detailed discussion of Managed Account strategies or to receive additional information, please Contact Us.
Beta is calculated using the weighted average of the betas of the portfolio’s underlying stocks. Each stock’s beta is derived from 60 months of data using country of risk to determine the appropriate market return.
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. Opinions relate to the representative portfolio as of the date above and are subject to change.
Portfolio characteristics are from a representative portfolio and for illustrative purposes only. Actual account characteristics of individual accounts may be different. 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.
Refer to the GIPS report found on this website in the Performance Profile found in the Documents section.
For a comparison of gross to net returns, see the GIPS. “Pure” gross-of-fees returns do not reflect the deduction of any expenses, including trading costs.
“Pure” gross-of-fees returns are supplemental to net returns. This information is supplemental to the GIPS report which should be referred to for the current performance, including the net figures, and index changes.
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.
Managed Account Pools (MAPs) are unique mutual fund pools of securities specially designed to provide diversification to separately managed accounts. Because these pools are highly liquid, they enhance the ability of separately managed account portfolios to quickly and efficiently respond to changing market conditions.
Unlike the typical mutual fund, each MAP has "zero" advisory fees. MAPs are available only in conjunction with Federated Hermes Separately Managed Accounts.
Federated Investment Counseling