Federated Hermes Prudent Bear Fund Institutional Shares (PBRIX)
| Fund Assets | 113.24M |
| Expense Ratio | 2.26% |
| Min. Investment | $1,000,000 |
| Turnover | 140.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 10.58% |
| Dividend Growth | -39.94% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 4.490 |
| YTD Return | -6.24% |
| 1-Year Return | -16.17% |
| 5-Year Return | -54.39% |
| 52-Week Low | 4.490 |
| 52-Week High | 5.840 |
| Beta (5Y) | n/a |
| Holdings | 230 |
| Inception Date | Dec 8, 2008 |
About PBRIX
Federated Hermes Prudent Bear Fund Institutional Shares is a mutual fund designed primarily to seek capital appreciation through strategies that benefit from declining equity markets. Its core feature is the use of short positions on domestically traded equity securities, meaning the fund stands to gain when share prices fall. The fund also invests significantly in cash and equivalents, as well as U.S. Treasury bills, which provides liquidity and serves as a counterbalance to the risk profile of short selling. This fund occupies a unique place in the market, serving as an inverse equity vehicle that can provide potential downside protection or diversification benefits within a broader portfolio, particularly when equity markets are under stress. It regularly uses derivatives and short sales, which introduces a level of complexity and risk beyond traditional long-only equity funds; while losses on short sales can, in theory, be unlimited, mutual fund investors are ultimately only at risk for the amount they invest in the fund. The fund is categorized within the "Trading—Inverse Equity" class and is often considered by institutions looking to hedge equity market exposure or pursue alternative investment strategies. The minimum initial investment is generally tailored for institutional investors.
Performance
PBRIX had a total return of -16.17% in the past year, including dividends. Since the fund's inception, the average annual return has been -14.36%.
Top 10 Holdings
90.20% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury - U.S. Treasury Bills | n/a | 39.44% |
| Federated Government Obligations Fund | GOFXX | 25.64% |
| United States Treasury - U.S. Treasury Bills | n/a | 23.56% |
| Infinity Natural Resources, Inc. | INR | 0.25% |
| Chicago Mercantile Exchange - S+P500 EMINI FUT JUN25 | n/a | 0.25% |
| HBX Group International PLC | HBX | 0.24% |
| SOPHiA GENETICS SA | SOPH | 0.22% |
| Ferrari Group PLC | FERGR | 0.22% |
| Silvaco Group, Inc. | SVCO | 0.20% |
| Smithfield Foods, Inc. | SFD | 0.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.4751 | Dec 30, 2024 |
| Dec 27, 2023 | $0.791 | Dec 28, 2023 |
| Dec 9, 2019 | $0.1053 | Dec 10, 2019 |