Global Allocation Fund

ticker F S B L X Mutual Funds . Global .


March 31 2024
$288.1 M
YTD Return NAV
April 21 2024

Seeks relative safety of capital with the possibility of long-term growth of capital and income by investing in a diversified mix of various asset classes. Consideration is also given to current income.

Key Facts - Part 1
Symbol ticker F S B L X
Benchmark 60% MSCI All Country World Index/40% Bloomberg Global Aggregate Index
Key Facts - Part 2
Fund Number(s)
CUSIP 3 1 4 1 8 3 6 0 9
Performance Incp. Date December 31 1968
Global Allocation
Large Blend
Global Diversification
Timothy Goodger, Ph.D.
Senior Vice President
Senior Portfolio Manager
Co-Head of Tactical Balanced Strategies Team

joined Federated Hermes
21 years of experience
John Sherman, CFA
Vice President
Senior Portfolio Manager
Co-Head of Tactical Balanced Strategies Team

joined Federated Hermes
33 years of experience
Steven Chiavarone, CFA
Senior Vice President
Senior Portfolio Manager
Equity Strategist
Head of Multi-Asset Group

joined Federated Hermes
18 years of experience
Ihab Salib
Senior Vice President
Senior Portfolio Manager
Head of International Fixed Income Group

joined Federated Hermes
32 years of experience
Chengjun Chris Wu, CFA
Vice President
Senior Portfolio Manager

joined Federated Hermes
19 years of experience
Qun Liu, CFA
Vice President
Portfolio Manager
Senior Quantitative Analyst

joined Federated Hermes
19 years of experience




For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.




1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated Hermes' website.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at within 60 days of the end of the fiscal quarter upon filing.

double dagger disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance


dagger disclosure The fund's expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund's Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 02/01/2025 or the date of the fund's next effective prospectus.

The performance information shown for periods prior to September 5, 2008 reflects historical performance data for Federated Stock and Bond Fund, Inc. (the "Predecessor Fund") prior to its reorganization into Federated Asset Allocation Fund (formerly, Federated Stock and Bond Fund) on September 5, 2008. The Fund is the successor to the Predecessor Fund pursuant to the reorganization.

The fund's R6 Shares commenced operations on June 29, 2016. For the period prior to the commencement of operations of the R6 Shares, the performance information shown is for the fund's A Shares. The performance of the A Shares has not been adjusted to reflect the expenses applicable to the R6 Shares since the R6 Shares have a lower expense ratio than the expense ratio of the A Shares. The performance of the A Shares has been adjusted to remove any voluntary waiver of fund expenses related to the A Shares that may have occurred during the periods prior to the commencement of operations of the R6 Shares and to reflect the differences in sales loads and charges imposed on the purchase and redemption of the fund's A and R6 Shares.

Total returns for periods of less than one year are cumulative.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

The fund may make short sales of securities, which involves unlimited risk including the possibility that losses may exceed the original amount invested.

Mutual funds are subject to risks and fluctuate in value.

Product classifications noted at the top are Federated Hermes' internal classifications.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee