Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX)

Fund Assets	14.27B
Expense Ratio	0.407%
Min. Investment	$1,000,000
Turnover	45.00%
Dividend (ttm)	0.42
Dividend Yield	4.69%
Dividend Growth	-0.30%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.06
YTD Return	-2.52%
1-Year Return	-1.50%
5-Year Return	-3.41%
52-Week Low	9.00
52-Week High	9.68
Beta (5Y)	0.10
Holdings	962
Inception Date	Oct 1, 1996

About FTRBX

Federated Hermes Total Return Bond Fund Institutional Shares is an actively managed mutual fund focused on delivering total return by investing primarily in U.S. dollar-denominated, investment-grade fixed-income securities. It employs a diversified, core-plus strategy, meaning it allocates assets broadly across sectors such as U.S. Treasuries, mortgage-backed securities, and corporate bonds, while also selectively incorporating high-yield and non-U.S. dollar denominated bonds—though these typically remain a relatively small part of the portfolio. The fund is managed by an experienced team and seeks to balance credit quality (generally high investment grade) with moderate interest rate sensitivity, as reflected in its effective duration. With more than 1,000 holdings and total assets exceeding $14 billion, it plays a significant role in the intermediate core-plus bond fund category and is designed to serve institutional investors seeking stable income and capital preservation in their fixed-income allocations. The fund distributes income monthly and has a history dating back to 1996, making it an established choice for institutional fixed-income exposure.

• Fund Family: Federated
• Category: Intermediate Core-Plus Bond
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FTRBX
• Share Class: Institutional Shares
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

FTRBX had a total return of -1.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.40%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FTRLX	Class R6 Shares	0.38%
FTRFX	Service Shares	0.69%
TLRAX	Class A Shares	0.94%
FTRKX	Class R Shares	1.13%

Top 10 Holdings

58.98% of assets

Name	Symbol	Weight
Federated Mortgage Core Portfolio	n/a	17.95%
2 Year Treasury Note Future Sept 26	n/a	12.99%
Federated Project and Trade Fin Cor	n/a	8.18%
United States Treasury Notes 4%	T.4 11.15.35	5.43%
United States Treasury Notes 4.125%	T.4.125 10.31.31	3.80%
Federated Emerging Markets Core	n/a	2.26%
United States Treasury Bonds 4.25%	T.4.25 02.15.54	2.14%
High Yield Bond Portfolio	n/a	2.11%
United States Treasury Notes 4.125%	T.4.125 06.15.29	2.08%
United States Treasury Bonds 4.125%	T.4.125 08.15.53	2.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03564	Sep 30, 2026
Aug 31, 2026	$0.03522	Aug 31, 2026
Jul 31, 2026	$0.03548	Jul 31, 2026
Jun 30, 2026	$0.03508	Jun 30, 2026
May 29, 2026	$0.03558	May 29, 2026
Apr 30, 2026	$0.03471	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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