Federated Hermes Global Allocation Fund Class C Shares
FSBCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Pittsburgh, PA 15222-3779 Warrendale PA United States of America 02210
- IPO Date
- Apr 19, 1993
- CIK
- 0000013386
- Website
- fidelity.com
- Similar Companies
- Business
- Federated Hermes Global Allocation Fund Class C Shares (FSBCX) is an open-end mutual fund that seeks relative safety of capital with long-term growth of capital and income through a diversified mix of global asset classes, including equity securities such as value and growth stocks across small-, mid-, and large-cap companies; fixed-income investments encompassing U.S. and international bonds, mortgage-backed securities, high-yield debt, emerging market fixed income, and U.S. government securities like Treasury notes; and allocations to non-U.S. equities, non-U.S. bonds, cash equivalents, and other instruments including derivatives for hedging and short sales. The fund maintains strategic overweight positions in areas such as emerging markets core bonds, U.S. fixed income, and select equities like NVIDIA Corp. and Microsoft Corp., with top sectors including technology, financial services, industrials, consumer cyclical, and healthcare; its portfolio is diversified across U.S. stocks (38%), U.S. bonds (21%), non-U.S. stocks (21%), and non-U.S. bonds (17%), targeting institutional and retail investors seeking moderate global allocation exposure. Managed by a team including Timothy Goodger, Ihab Salib, Chengjun Wu, John Sherman, and Qun Liu since various dates from 2007 onward, the fund operates with a net expense ratio of 1.95%, a 1% deferred load, and a minimum initial investment of $1,500. Federated Hermes, Inc., the fund's investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, provides a broad range of investment products including mutual funds like FSBCX, ETFs, separate accounts, closed-end funds, collective investment funds, and strategies spanning equity, fixed-income, multi-asset, alternatives/private markets, and liquidity management; it serves corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers with $829.6 billion in assets under management as of December 2024, operating globally with a focus on U.S., European, and international markets. The firm, publicly traded on the NYSE under ticker FHI, emphasizes active management, responsible investing incorporating ESG factors, and client-focused portfolios across public equities, fixed income, and private markets. Recent developments include Federated Hermes' agreement in October 2025 to acquire a majority interest in FCP Fund, a U.S. real estate firm specializing in multifamily assets, marking its second private markets acquisition of 2025 following Rivington Energy Management and aimed at expanding into the living-sector with accretive growth; the deal, valued at over $216 million in cash, enhances its U.S. real estate capabilities amid strong sector fundamentals. In Q3 2025, the firm reported a robust $2.1 billion institutional pipeline targeting two-thirds funding in Q4 2025, alongside advancements in digital assets, tokenized funds, and blockchain-enhanced solutions to reach an $846 billion AUM milestone earlier in the year. These moves reflect ongoing strategic expansions in alternatives, infrastructure secondaries, and technology-driven initiatives to bolster client offerings.