Federated Hermes Global Allocation Fund Class B Shares
FSBBX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Jan 2, 2019
- CIK
- 0000013386
- Similar Companies
- Business
- Federated Hermes Global Allocation Fund Class B Shares (FSBBX) is an open-end mutual fund that seeks relative safety of capital with the possibility of long-term growth of capital and income through a diversified, globally oriented portfolio. The fund invests across multiple asset classes, including equity securities, fixed-income instruments, currency positions, and alternative investments such as short sales; its allocations typically feature U.S. stocks (around 39%), U.S. bonds (around 19%), non-U.S. stocks (around 19%), non-U.S. bonds (around 17%), and smaller positions in cash and other assets, with notable holdings in funds like Federated Emerging Markets Core Portfolio and individual names such as Apple Inc. Offered through Class B shares with a 5.50% back-end load and net expense ratio of approximately 1.15%, the fund targets moderate-risk investors pursuing balanced global exposure via blend-style large-cap equities and multi-sector fixed income. Federated Hermes, Inc., the fund's investment manager founded in 1955 and headquartered at 1001 Liberty Avenue in Pittsburgh, Pennsylvania, provides a broad suite of investment products including mutual funds, ETFs, separate accounts, closed-end funds, and collective investment trusts spanning equity, fixed-income, multi-asset, alternatives, and liquidity strategies. The firm, which manages approximately $830 billion in assets as of late 2024, serves institutional and retail clients such as corporations, governments, endowments, banks, and broker-dealers across the United States, Europe (including offices in London), and other international markets. Recent developments at Federated Hermes include the October 2025 agreement to acquire a majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in client assets focused on multifamily properties, to bolster its private markets and alternatives platform; the October 2025 launch of the Federated Hermes Enhanced Income ETF (PAYR), an active ETF combining high-dividend equities with call spread options for monthly distributions; and a strategic partnership with AmeriServ Financial Bank to expand access to its research and products in Western Pennsylvania. These initiatives reflect ongoing expansion in private real estate, ETFs, and regional distribution within the asset management industry. The Global Allocation Fund itself traces its roots to a predecessor fund reorganized in 2008, with Class B shares incepted on August 30, 1996, and total net assets of about $286 million as of early December 2025.