Federated Hermes Short-Intermediate Total Return Bond Fund invests in derivative instruments, the use of which involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments.
Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.
High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks, and may be more volatile than investment-grade securities.
International investing involves special risks including currency risk, increased volatility, political risks and differences in auditing and other financial standards.
Prices of emerging markets securities can be significantly more volatile than the prices of securities in developed countries and currency and political risks are accentuated in emerging markets.
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.
Variable and floating-rate loans and securities generally are less sensitive to interest rate changes but may decline in value if their interest rates do not rise as much or as quickly as interest rates in general. Conversely, variable and floating-rate loans and securities generally will not increase in value as much as fixed-rate debt instruments if interest rates decline.
In addition to the risks generally associated with debt instruments, such as credit, market, interest rate, liquidity and derivatives risks, bank loans are also subject to the risk that the value of the collateral securing a loan may decline, be insufficient to meet the obligations of the borrower or be difficult to liquidate.
Past performance is no guarantee of future results.
Mutual funds are subject to risks and fluctuate in value.
There is no guarantee that any type of investment approach will be successful.
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, call us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.
Federated Securities Corp.