Federated Hermes Total Return Bond’s expansive toolkit allows it to shift exposures in response to macroeconomic signals and relative value opportunities across spread sectors while still maintaining a focus on core bond fundamentals. The strategy’s design favors measured risk-taking, aiming to deliver returns through security selection and sector rotation rather than directional market bets.
Federated Hermes Total Return Bond Fund Class R6 Shares FTRLX
- NAV / 1-Day Return 9.39 / −0.11 %
- Total Assets 15.1B
-
Adj. Expense Ratio
0.380%
- Expense Ratio 0.370%
- Distribution Fee Level Average
- Share Class Type Retirement, Large
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 4.55%
- Effective Duration 6.00 years
USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 12:11 AM GMT+0
Morningstar’s Analysis FTRLX
Will FTRLX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FTRLX 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 FTRLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 60.3
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Federated Mortgage Core Portfolio | 16.66 | 3B | — |
2 Year Treasury Note Future June 26 | 15.35 | 3B | Government |
Federated Project and Trade Fin Cor | 7.41 | 1B | — |
United States Treasury Notes 4% | 5.42 | 1B | Government |
United States Treasury Notes 4.125% | 3.91 | 743M | Government |
Us 5yr Note (Cbt) Jun26 Xcbt 20260630 | 3.53 | 670M | Government |
High Yield Bond Portfolio | 2.23 | 423M | — |
United States Treasury Bonds 4.25% | 1.99 | 377M | Government |
Federated Emerging Markets Core | 1.97 | 375M | — |
United States Treasury Bonds 4.125% | 1.88 | 356M | Government |
United States