# Portfolio overlap — FIBPX vs FSTQX

Comparing **Federated Hermes International Bond Strategy Portfolio** (2026-02-28) and **Fidelity Series International Developed Markets Bond Index Fund** (2026-03-31).

- Shared positions: 31
- Federated Hermes International Bond Strategy Portfolio covered by Fidelity Series International Developed Markets Bond Index Fund: 0.03033655036431830546678107614
- Fidelity Series International Developed Markets Bond Index Fund covered by Federated Hermes International Bond Strategy Portfolio: 0.03033655036431830546678107614

## Federated Hermes International Bond Strategy Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FEDERATED CORE TR MUTUAL FUND | 0.489982 |  |
| ZSCALER INC | 0.089126 |  |
| ITALY REPUBLIC OF 1.65% 03/01/2032 144A REGS | 0.023909 | ✓ |
| JAPAN GOVT 20-YR | 0.016307 |  |
| French Republic Government Bonds OAT | 0.016128 |  |
| Italy Buoni Poliennali Del Tesoro | 0.015276 |  |
| UNITED KINGDOM GILT GBP REG S 1.625% 10-22-28 | 0.014885 | ✓ |
| GERMANY FEDERAL REPUBLIC OF 4.75% 07/04/2034 REGS | 0.014297 | ✓ |
| French Republic Government Bonds OAT | 0.013324 |  |
| UNITED KINGDOM GILT GBP REG S 4.25% 12-07-27 | 0.012505 | ✓ |
| UNITED KINGDOM GILT GBP REG S 4.25% 06-07-32 | 0.012257 | ✓ |
| SPANISH GOV'T | 0.010941 |  |
| UNITED KINGDOM GILT GBP REG S 0.375% 10-22-30 | 0.010940 | ✓ |
| JAPAN GOVT 20-YR | 0.010760 |  |
| JAPAN GOVT 30-YR | 0.010357 |  |
| Kingdom of Belgium Government Bonds | 0.010343 |  |
| United Kingdom of Great Britain and Northern Ireland | 0.010058 | ✓ |
| Italy Buoni Poliennali Del Tesoro | 0.009316 |  |
| CANADIAN GOVERNMENT BOND | 0.009246 | ✓ |
| UNITED KINGDOM GILT GBP REG S 3.25% 01-22-44 | 0.009091 | ✓ |
| SPANISH GOV'T | 0.009041 |  |
| SPANISH GOV'T | 0.009030 |  |
| French Republic Government Bonds OAT | 0.008891 |  |
| United Mexican States | 0.008704 |  |
| GERMANY FEDERAL REPUBLIC OF 0.5% 02/15/2028 REGS | 0.008334 |  |
| ITALY REPUBLIC OF 3.25% 09/01/2046 144A REGS | 0.008311 | ✓ |
| Republic of Austria Government Bonds | 0.008301 | ✓ |
| SPANISH GOV'T | 0.007899 | ✓ |
| GERMANY FEDERAL REPUBLIC OF 2.4% 11/15/2030 REGS | 0.007203 | ✓ |
| GERMANY FEDERAL REPUBLIC OF 2.1% 11/15/2029 REGS | 0.007136 | ✓ |
| JAPAN GOVT 40-YR | 0.007048 |  |
| JAPAN GOVT 30-YR | 0.007022 |  |
| French Republic Government Bonds OAT | 0.006599 | ✓ |
| French Republic Government Bonds OAT | 0.006044 |  |
| French Republic Government Bonds OAT | 0.005826 | ✓ |
| United Kingdom Gilt | 0.005577 |  |
| NETHERLANDS GOVERNMENT OF 2.5% 01/15/2033 144A REGS | 0.005363 | ✓ |
| NEW ZEALAND GVT | 0.005215 | ✓ |
| DEUTSCHLAND REP | 0.005122 |  |
| GERMANY FEDERAL REPUBLIC OF 2.5% 07/04/2044 REGS | 0.004877 | ✓ |
| NEW ZEALAND GVT | 0.004826 | ✓ |
| CANADIAN GOVERNMENT /CAD/ REGD 4.00000000 | 0.004752 | ✓ |
| SPANISH GOV'T | 0.004700 | ✓ |
| AUSTRALIAN GOVT. | 0.004560 | ✓ |
| ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR REG S 2.0% 01-28-32 | 0.004486 |  |
| AUSTRALIAN GOVT. | 0.004328 | ✓ |
| CANADIAN GOVERNMENT | 0.004280 | ✓ |
| Egypt Treasury Bills | 0.004101 |  |
| French Republic Government Bonds OAT | 0.002672 | ✓ |
| French Republic Government Bonds OAT | 0.002384 |  |

## Fidelity Series International Developed Markets Bond Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| SPTR TRS EQUITY SOFR+70 BOA | 0.015054 |  |
| Fidelity Cash Central Fund | 0.010060 |  |
| UNITED KINGDOM GILT GBP REG S 4.5% 06-07-28 | 0.009115 |  |
| ITALY REPUBLIC OF 2.1% 08/26/2027 REGS | 0.008436 |  |
| United Kingdom of Great Britain and Northern Ireland | 0.008171 |  |
| JAPAN GOVT 10-YR | 0.008156 |  |
| French Republic Government Bonds OAT | 0.007357 |  |
| PORTUGUESE OT'S | 0.006870 |  |
| GERMANY FEDERAL REPUBLIC OF 2.4% 10/19/2028 REGS | 0.006730 |  |
| French Republic Government Bonds OAT | 0.006655 |  |
| PORTUGUESE OT'S | 0.006420 |  |
| French Republic Government Bonds OAT | 0.005802 |  |
| UNITED KINGDOM GILT GBP REG S 3.5% 01-22-45 | 0.005704 |  |
| Republic of Austria Government Bonds | 0.005647 |  |
| AUSTRALIAN GOVT. | 0.005582 |  |
| AUSTRALIAN GOVT. | 0.005528 | ✓ |
| Republic of Austria Government Bonds | 0.005483 |  |
| HELLENIC REPUBLIC GOVERNMENT BOND EUR REG S 3.9% 01-30-33 | 0.005478 |  |
| French Republic Government Bonds OAT | 0.005258 |  |
| ITALY REPUBLIC OF 2.7% 10/01/2030 144A REGS | 0.005230 |  |
| JAPAN GOVT 20-YR | 0.005198 |  |
| UNITED KINGDOM GILT 4.250000% 07/31/2034 | 0.005196 |  |
| GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2035 REGS | 0.005145 |  |
| SPANISH GOV'T | 0.005107 |  |
| JAPAN GOVT 10-YR | 0.005046 |  |
| FINNISH GOV'T | 0.004996 |  |
| French Republic Government Bonds OAT | 0.004933 |  |
| NETHERLANDS GOVT | 0.004923 |  |
| French Republic Government Bonds OAT | 0.004879 |  |
| ITALY REPUBLIC OF 3.6% 10/01/2035 REGS | 0.004732 |  |
| SINGAPORE REPUBLIC OF 3% 04/01/2029 | 0.004700 |  |
| CANADIAN GOVERNMENT /CAD/ REGD 3.50000000 | 0.004685 |  |
| NEW ZEALAND GVT | 0.004602 |  |
| French Republic Government Bonds OAT | 0.004466 |  |
| Service Public Federal Chancellerie Du Premier Ministre | 0.004396 |  |
| IRISH GOVT | 0.004325 |  |
| JAPAN GOVT 10-YR | 0.004323 |  |
| Republic of Austria Government Bonds | 0.004291 |  |
| PORTUGUESE OT'S | 0.004249 |  |
| SPANISH GOV'T | 0.004207 |  |
| Republic of Austria Government Bonds | 0.004155 |  |
| Republic of Ireland | 0.004137 |  |
| GERMANY FEDERAL REPUBLIC OF 2.2% 10/10/2030 REGS | 0.004132 |  |
| NETHERLANDS GOVT | 0.004114 |  |
| Kingdom of Belgium Government Bonds | 0.004105 |  |
| GERMANY FEDERAL REPUBLIC OF 2% 12/16/2027 REGS | 0.004104 |  |
| Commonwealth of Australia | 0.004027 |  |
| FINNISH GOV'T | 0.004021 |  |
| French Republic Government Bonds OAT | 0.003981 |  |
| UNITED KINGDOM GILT GBP REG S 4.375% 03-07-30 | 0.003969 |  |


## Sources

- N-PORT (fund A) — accession `0001340579-26-000021` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1340579/000134057926000021/0001340579-26-000021-index.htm>
- N-PORT (fund B) — accession `0000035402-26-003399` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/215829/000003540226003399/0000035402-26-003399-index.htm>

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