Quality Bond Fund II

Variable Annuity Funds . Intermediate Bond .

Overview

 
AT A GLANCE
Portfolio
Assets
September 30 2024
$145.4 M
Fixed Income
Gross
Expenses
0.82%
Net
Expenses
0.74%
Documents
STRATEGY

Seeks current income by investing in a diversified portfolio of investment-grade, fixed-income securities.

KEY FACTS
Key Facts - Part 1
Benchmark Bloomberg US Intermediate Credit Index
Key Facts - Part 2
Fund Number(s)
921
CUSIP 3 1 3 9 1 6 8 8 4
Performance Incp. Date April 28 1999
MORNINGSTAR CATEGORY / STYLE
Category
Insurance Corporate Bond
Style
Medium Limited
INVESTMENT GOALS Retirement
Income
KEY INVESTMENT TEAM
Bryan Dingle, CFA
Vice President
Senior Portfolio Manager

joined Federated Hermes
30 years of experience
Brian Ruffner
Vice President
Senior Portfolio Manager

joined Federated Hermes
27 years of experience

Characteristics

 
DISCLOSURES

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.

Documents

 
DISCLOSURES

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

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.

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 www.sec.gov within 60 days of the end of the fiscal quarter upon filing.

Distributions and Taxes

 
DISCLOSURES

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 05/01/2025 or the date of the fund's next effective prospectus.

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.

Fund shares are available exclusively as a funding vehicle for life insurance companies writing variable life insurance policies and variable annuity contracts.  If you are an individual investor, contact your financial advisor or insurance company for more information on these products.

The fund is a managed portfolio and its holdings are subject to change.

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.

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

The ratings referred to in the quality breakdown are provided by S&P Global, Moody's, and Fitch. The allocation of ratings presented aligns with the methodology of the Bloomberg index. Bloomberg employs the middle rating from S&P Global Ratings, Moody's, and Fitch to determine a security's credit classification, essentially following a "two-out-of-three" rule. In cases where only two agencies rate a security, the more conservative (lower) rating is utilized. If only one agency rates a security, that single rating is used. Additionally, certain securities may not have a credit rating from any of the agencies, and they are categorized as "not rated."  For clarity, credit ratings of A or better are indicative of high credit quality, while BBB represents good credit quality and the lowest tier of investment grade. Ratings of BB and below are assigned to lower-rated securities, often referred to as "junk bonds," and credit ratings of CCC or below indicate a high level of default risk. This breakdown doesn't consider the impact of credit derivatives in the fund.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

4053564568