Federated Hermes Global Allocation Fund
FSTBX
NASDAQ- -
USD
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- -
Capital Structure
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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, 1980
- CIK
- 0000013386
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Global Allocation Fund (FSTBX) is an open-end mutual fund that seeks relative safety of capital with the possibility of long-term growth of capital and current income by investing in a diversified mix of various asset classes, including equity and fixed-income securities; it generally allocates a substantial portion of its total assets to non-U.S. investments across no fewer than three different countries and regions, with current portfolio allocations comprising approximately 38.60% U.S. stocks, 19.17% U.S. bonds, 19.05% non-U.S. stocks, 17.37% non-U.S. bonds, and smaller positions in cash and other assets. The fund offers Class A shares with a front-end load of 4.50%, a net expense ratio of 1.15%, and a minimum initial investment of $1,500; top holdings as of recent data include Federated Emerging Markets Core (7.70%), Federated Mortgage Core Portfolio (4.17%), Federated Govt Oblg Pr Shares (3.20%), 2 Year Treasury Note Future June 25 (3.14%), and Apple Inc. (2.27%), representing 20.48% of the portfolio. Managed by a team including Timothy Goodger (since 2007), Ihab Salib (since 2012), and others, the fund falls within the Global Moderate Allocation category and is available primarily to U.S. investors through financial intermediaries. The fund operates under Federated Hermes, Inc., a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, which oversees approximately $830 billion in customer assets as of December 2024 across equity, fixed-income, multi-asset, alternative, and liquidity strategies; it maintains additional offices in New York City, London, and other locations worldwide, serving corporations, institutions, financial intermediaries, and individual investors. In recent developments, parent company Federated Hermes has pursued strategic growth in private markets through acquisitions, including an agreement in October 2025 to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S. multifamily real estate investment manager based in Chevy Chase, Maryland, for up to $331 million (expected to close in the first half of 2026), marking its second private markets deal of 2025 following the April acquisition of U.K.-based Rivington Energy Management; additionally, in August 2025, Federated Hermes completed a merger of its U.K. Property Unit Trust into Legal & General's Managed Property Fund, and in September 2025 launched the Federated Hermes MDT Market Neutral ETF. The fund itself traces its roots to a predecessor launched on December 31, 1968, with a reorganization in 2008, and reported a 5.06% net return for Class A shares in Q3 2025 amid ongoing active management adjustments. These initiatives reflect Federated Hermes' emphasis on expanding alternatives, real estate, and infrastructure capabilities while maintaining its core multi-asset offerings like FSTBX.