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Morningstar

Federated Hermes Global Allocation R FSBKX

Morningstar Analyst Rating
Quantitative rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 17.92  /  0.50 %
  • Total Assets 312.4 Mil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.590%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Global Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.22%
  • Turnover 114%

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:56 PM GMT+00:00

Morningstar’s Analysis FSBKX

Will FSBKX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSBKX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FSBKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FSBKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Federated Hermes Global Allocation R's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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