Fund info

Federated Hermes Short-Intermediate Total Return Bond Fund R6 is an actively managed mutual fund focused on delivering total return through a diversified short‑to‑intermediate duration fixed‑income portfolio. The strategy invests across multiple bond sectors—primarily U.S. government and investment‑grade corporates—with selective exposure to high‑yield and emerging markets, the latter including trade finance, within defined limits. Portfolio construction targets a dollar‑weighted average effective duration between 1.5 and 3.5 years, positioning the fund to balance interest‑rate sensitivity with income generation in the short‑term bond segment. Management emphasizes sector rotation and security selection based on anticipated economic and market conditions, seeking to capture opportunities across credit and rate cycles. Benchmarked to the Bloomberg 1‑5 Year U.S. Government/Credit Index, the fund serves as a short‑intermediate core multi‑sector bond holding for investors seeking diversified fixed‑income exposure without extending too far out the maturity spectrum. The R6 share class is designed for institutional or retirement platforms and excludes 12b‑1 fees, reflecting a lower‑cost structure relative to prior share designations before September 2016.