About TLRAX
Federated Hermes Total Return Bond Fund Class A is an open-end mutual fund specializing in diversified fixed income investments. Its primary aim is to deliver total return by allocating assets mainly to investment-grade U.S. fixed-income securities, such as U.S. government bonds, mortgage-backed securities, and corporate debt. Classified within the intermediate core-plus bond category, the fund leverages a flexible strategy, permitting allocations beyond traditional sectors to include modest exposures to high-yield, bank loans, and emerging market debt, thereby enhancing potential yield and diversification. The portfolio typically maintains moderate duration and interest rate sensitivity, with a significant concentration in its top holdings, often exceeding 60% of assets. Managed by a seasoned team, the fund is positioned to respond dynamically to shifting interest rates and credit conditions. Notable for its monthly income distributions, it serves investors seeking consistent income and broad-based exposure to the U.S. bond market while actively managing credit and sector risks. Since inception in 2001, the fund has played a significant role for investors looking to balance income, stability, and capital preservation within their fixed income allocation.
Fund Family Federated
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TLRAX
Share Class Class A Shares
Index Bloomberg U.S. Aggregate Bond TR
TLRAX had a total return of -2.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.23%.
