Federated Hermes Prudent Bear Fund Class C Shares (PBRCX)

Fund Assets	81.05M
Expense Ratio	3.574%
Min. Investment	$1,500
Turnover	249.00%
Dividend (ttm)	0.23
Dividend Yield	8.34%
Dividend Growth	-46.00%
Payout Frequency	Annual
Ex-Dividend Date	Dec 29, 2025

Previous Close	2.770
YTD Return	-9.77%
1-Year Return	-12.15%
5-Year Return	-47.20%
52-Week Low	2.730
52-Week High	3.460
Beta (5Y)	-0.84
Holdings	184
Inception Date	Feb 8, 1999

About PBRCX

Federated Hermes Prudent Bear Fund Class C Shares is a mutual fund designed primarily to seek capital appreciation by taking short positions in domestically traded equity securities and indices. The fund regularly engages in short sales and may utilize derivatives such as options and futures contracts, allowing it to potentially profit from declines in stock prices. In addition to its core short strategies, the fund maintains positions in short-term liquid assets like money market funds and U.S. Treasury securities for liquidity management and to cover short-sale obligations. The fund may also take long positions in equity securities that the adviser deems undervalued. Its investment approach places it within the trading—inverse equity category, reflecting its capacity to be used as a hedging tool for investors seeking to diversify the risk profile of equity-heavy portfolios. Managed by Federated Equity Management Company of Pennsylvania, the fund is known for its higher risk profile and volatility, including the potential for losses to exceed the amount invested in certain scenarios involving derivatives and short sales. The Prudent Bear Fund's unique strategy addresses the needs of investors looking for exposure to market declines as part of their broader investment objectives.

• Fund Family: Federated
• Category: Trading--Inverse Equity
• Stock Exchange: Nasdaq
• Ticker Symbol: PBRCX
• Share Class: Class C Shares
• Index: S&P 500 TR

Performance

PBRCX had a total return of -12.15% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.04%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PBRIX	Institutional Shares	2.43%
BEARX	Class A Shares	2.70%

Top 10 Holdings

88.91% of assets

Name	Symbol	Weight
Federated Hermes Govt Obl Premier	GOFXX	58.59%
United States Treasury - U.S. Treasury Bills	B.0 09.08.26	27.59%
Innoscripta SE	1INN	0.73%
CSG NV	CSG	0.36%
SOPHiA GENETICS SA	SOPH	0.35%
PicS N.V.	PICS	0.28%
MNTN, Inc.	MNTN	0.27%
Lumexa Imaging Holdings, Inc.	LMRI	0.26%
Exzeo Group, Inc.	XZO	0.26%
AbbVie Inc.	ABBV	0.22%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 29, 2025	$0.2301	Dec 30, 2025
Dec 27, 2024	$0.4261	Dec 30, 2024
Dec 27, 2023	$0.7322	Dec 28, 2023
Dec 4, 2008	$1.34114	Dec 4, 2008
Dec 28, 2007	$0.1656	Dec 28, 2007
Dec 28, 2006	$0.15239	Dec 28, 2006

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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