Federated Hermes Prudent Bear Fund Institutional Shares (PBRIX)

Fund Assets	89.09M
Expense Ratio	2.43%
Min. Investment	$1,000,000
Turnover	249.00%
Dividend (ttm)	0.27
Dividend Yield	7.38%
Dividend Growth	-43.95%
Payout Frequency	Annual
Ex-Dividend Date	Dec 29, 2025

Previous Close	3.610
YTD Return	-8.38%
1-Year Return	-12.21%
5-Year Return	-43.36%
52-Week Low	3.540
52-Week High	4.430
Beta (5Y)	-0.84
Holdings	186
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.

• Fund Family: Federated
• Category: Trading--Inverse Equity
• Stock Exchange: NASDAQ
• Ticker Symbol: PBRIX
• Share Class: Institutional Shares
• Index: S&P 500 TR

Performance

PBRIX had a total return of -12.21% in the past year, including dividends. Since the fund's inception, the average annual return has been -14.29%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
BEARX	Class A Shares	2.70%
PBRCX	Class C Shares	3.45%

Top 10 Holdings

255.50% of assets

Name	Symbol	Weight
Usd	n/a	117.94%
Federated Hermes Govt Obl Premier	GOFXX	90.88%
United States Treasury Bills 0%	WIB.0 09.08.26	42.80%
innoscripta SE	1INN	1.13%
CSG N.V.	CSG	0.55%
SOPHiA GENETICS SA	SOPH	0.53%
PicS N.V.	PICS	0.44%
MNTN, Inc.	MNTN	0.41%
Lumexa Imaging Holdings, Inc.	LMRI	0.41%
Exzeo Group, Inc.	XZO	0.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 29, 2025	$0.2663	Dec 30, 2025
Dec 27, 2024	$0.4751	Dec 30, 2024
Dec 27, 2023	$0.791	Dec 28, 2023
Dec 9, 2019	$0.1053	Dec 10, 2019

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:

Aug 27, 2026

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