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Government Credit SMA

Separately Managed Accounts . Intermediate Bond .
OverviewCharacteristicsCommentaryDocuments
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Overview

 
STRATEGY

A composite of separately managed account portfolios managed to the Bloomberg US Government/Credit Index. Portfolios in this composite do not permit the use of Federated Hermes Managed Account Pools (MAPs), therefore requiring exposure to all markets via individual securities. All portfolios utilize Federated Hermes' primary institutional fixed-income approach, a benchmark-driven process designed to add value through fundamental analysis with teams focused by sector to extract value from each step of the process - analysis of sector, yield curve and security characteristics, and assessment of major long-term indicators of interest rate direction and volatility - within client-driven parameters that meet the above criteria.

KEY FACTS
Key Facts - Part 1
Benchmark Bloomberg US Government/Credit Index
Key Facts - Part 2
Strategy Inception Date January 1 1988
INVESTMENT GOALS Retirement
Income
KEY INVESTMENT TEAM
Denis Doherty, CFA
Senior Vice President
Senior Portfolio Manager, Head of Managed Accounts Group

joined Federated Hermes
39 years of experience
Robert Schwartz
Assistant Vice President
Portfolio Manager, Fixed Income Managed Accounts

joined Federated Hermes
8 years of experience

Characteristics

Commentary

Documents

 
DISCLOSURES

Investment strategies described on this site are not necessarily available through every sponsor program. Please check with your Federated Hermes representative or your home office to ascertain accessibility.

Investments are subject to risk and may lose value.

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

The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations.

The characteristics are based on a portfolio which is used as a guide for cloning (or managing) underlying accounts to a particular strategy. Taking into consideration individual investor circumstances could cause deviation from this guide (e.g. restrictions, tax requests, etc.). Portfolio characteristics are as of the date shown above and are based on individual securities in the portfolio on that date. Securities in the portfolio are subject to change.

For a detailed discussion of Managed Account strategies or to receive additional information, please Contact Us.

Issues discussed within this communication represent the investment manager's explanation of factors that were considered when executing transactions or holding specific securities on the prior date indicated. Because this is a managed portfolio, the investment mix will change and the holdings are not indicative of future portfolio composition. Marketplace conditions fluctuate suddenly and frequently, and investment manager's opinions may change. These comments are not intended to be and do not constitute recommendations that others buy, sell or hold any of the securities discussed. 

Refer to the GIPS® report/Performance Profile found on this website in the Documents section.

Past performance is no guarantee of future results.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary. In addition, by accessing documents containing CUSIP information, you agree to the Terms of Use for CUSIP Information contained in the Financial Glossary.

Issued and approved by Federated Investment Counseling