About SVAAX
Federated Hermes Strategic Value Dividend Fund Class A is an actively managed mutual fund focused on delivering both income and long-term capital appreciation. Its primary objective is to generate a **higher dividend yield than the broad equity market** by investing mainly in **high-dividend-paying stocks** of companies with the potential for dividend growth. The fund is categorized in the large value segment, targeting sizable, established companies across sectors such as consumer defensive, utilities, communication services, basic materials, energy, healthcare, and financial services.
The fund typically maintains a **concentrated portfolio of about 35 to 45 stocks**, ensuring a balanced exposure across income-producing sectors, often with a position size ranging from 1% to 5%. It also includes a portion of foreign securities, contributing to global diversification. Managed by a seasoned investment team, the fund aims to provide **monthly dividend distributions**, appealing to investors seeking a steady income stream. By emphasizing companies with consistent and growing dividends, it strives to offer competitive performance in robust markets and to reduce downside risk in challenging environments. This approach positions the fund as a notable option within the income-focused, large-cap value category.
Fund Family Federated
Category Large Value
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SVAAX
Share Class Class A Shares
Index S&P 500 TR
SVAAX had a total return of 15.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.29%.
