Federated Hermes Prudent Bear Fd (BEARX)
The fund pursues its investment objective primarily through short positions in domestically traded equity securities and indices. It holds short-term liquid securities such as money market funds, U.S. Treasury securities, government agency securities or other equity securities for liquidity purposes and to cover its obligation to purchase securities subject to short sales in the future. The fund also seeks capital appreciation through long positions on equity securities which the fund's adviser believes are undervalued.
Fund Info
| ISIN | US31421N7093 |
|---|---|
| CUSIP | 31421N709 |
| Issuer | Federated |
| Inception Date | Dec 27, 1995 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $1,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
BEARX has a high expense ratio of 1.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Prudent Bear Fd, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Prudent Bear Fd had a return of -3.79% year-to-date (YTD) and -14.68% in the last 12 months. Over the past 10 years, Federated Hermes Prudent Bear Fd had an annualized return of -13.06%, while the S&P 500 had an annualized return of 10.55%, indicating that Federated Hermes Prudent Bear Fd did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.79% | 7.26% |
| 1 month | 3.14% | -2.63% |
| 6 months | -14.22% | 22.78% |
| 1 year | -14.68% | 22.71% |
| 5 years (annualized) | -12.97% | 11.87% |
| 10 years (annualized) | -13.06% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | -4.31% | -2.52% | |||||||||
| 2023 | 2.53% | -7.52% | -2.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BEARX is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Federated Hermes Prudent Bear Fd(BEARX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Prudent Bear Fd (BEARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Prudent Bear Fd granted a 13.84% dividend yield in the last twelve months. The annual payout for that period amounted to $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.00 | $0.00 | $0.00 | $0.07 |
Dividend yield | 13.84% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Prudent Bear Fd. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Prudent Bear Fd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Prudent Bear Fd was 95.84%, occurring on Dec 24, 1999. Recovery took 642 trading sessions.
The current Federated Hermes Prudent Bear Fd drawdown is 93.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -95.84% | Oct 9, 1998 | 316 | Dec 24, 1999 | 642 | Jul 23, 2002 | 958 |
| -93.36% | Nov 21, 2008 | 3856 | Mar 21, 2024 | — | — | — |
| -93.18% | Oct 30, 1996 | 438 | Jul 3, 1998 | 68 | Oct 7, 1998 | 506 |
| -35.76% | Oct 10, 2002 | 694 | Jul 14, 2005 | 810 | Oct 6, 2008 | 1504 |
| -12.96% | Jul 24, 2002 | 22 | Aug 22, 2002 | 19 | Sep 19, 2002 | 41 |
Volatility
Volatility Chart
The current Federated Hermes Prudent Bear Fd volatility is 3.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.