FTRB – Federated Hermes Total Return Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return. The fund pursues its investment objective by investing primarily in U.S. dollar denominated, investment-grade, fixed-income securities. In addition, the fund may invest in high-yield, non-U.S. dollar denominated, and emerging market fixed-income securities when Federated Investment Management Company considers the risk-return prospects of those sectors to be attractive.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FTRB	Federated Hermes Total Return Bond ETF	ETF	Open	—		Jan 2, 2024	$678.49M	0.390%	—	—	$363.46M

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