# Portfolio overlap — FSTYX vs FSTBX

Comparing **Federated Hermes Short-Term Income Fund** (2026-04-30) and **Federated Hermes Global Allocation Fund** (2026-02-28).

- Shared positions: 16
- Federated Hermes Short-Term Income Fund covered by Federated Hermes Global Allocation Fund: 0.05945187460927657103506088854
- Federated Hermes Global Allocation Fund covered by Federated Hermes Short-Term Income Fund: 0.05945187460927657103506088854

## Federated Hermes Short-Term Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | 0.037678 | ✓ |
| Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.035994 | ✓ |
| FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.024385 | ✓ |
| US TREASURY N/B | 0.016229 |  |
| US TREASURY N/B | 0.016099 |  |
| FEDERATED CORE TR MUTUAL FUND | 0.009469 | ✓ |
| SDART 2024-4 D 5.32% 12-15-31 | 0.008187 |  |
| US TREASURY N/B | 0.008161 |  |
| US TREASURY N/B | 0.007993 |  |
| SDART 2024-2 D | 0.007210 |  |
| Freddie Mac Pool | 0.005602 |  |
| VZMT 2025-4 C | 0.005575 |  |
| SDART 2025-3 D | 0.005548 |  |
| NextGear Floorplan Master Owner Trust | 0.005197 |  |
| SDART 2025-1 D | 0.005194 |  |
| HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/26 5.95 | 0.004884 |  |
| FORD CR FLOORPLN MAST OWN TR 2023-1 D 6.62% 05/15/2028 144A | 0.004695 |  |
| FORDF 2023-1 B | 0.004586 |  |
| Freddie Mac Pool | 0.004419 |  |
| GMF FLOORPLAN OWNER REVOLVING TRUST | 0.004343 |  |
| World Omni Automobile Lease Securitization Trust 2025-A | 0.004327 |  |
| CMO | 0.004320 |  |
| BX Commercial Mortgage Trust 2026-CSMO | 0.004320 |  |
| JW Commercial Mortgage Trust, Series 2024-MRCO, Class C | 0.004314 |  |
| BANK NOVA SCOTIA | 0.004280 |  |
| Santander Drive Auto Receivables Trust 2026-1 | 0.004254 |  |
| VZMT 2024-8 C | 0.004234 |  |
| SDART 2024-5 D 5.14% 02-17-32 | 0.004081 |  |
| FORD CR FLOORPLN MAST OWN TR 2023-1 C 5.75% 05/15/2028 144A | 0.004048 |  |
| PFS Financing Corporation 5.71%, Due 05/15/2028 | 0.004028 |  |
| Huntington Bank Auto Credit-Linked Notes Series 2026-1 | 0.004026 |  |
| AerCap Ireland Capital Designated Activity Company | 0.003888 |  |
| Freddie Mac Multifamily Structured Pass Through Certificates | 0.003839 |  |
| Chase Auto Owner Trust 2024-2 | 0.003835 |  |
| Drive Auto Receivables Trust, Series 2024-1, Class C | 0.003826 |  |
| Salesforce Inc | 0.003783 |  |
| ORL Trust, Series 2024-GLKS, Class B | 0.003781 |  |
| GOLDEN CREDIT CARD TRUST | 0.003751 |  |
| PFS Financing Corp | 0.003666 |  |
| NextGear Floorplan Master Owner Trust | 0.003613 |  |
| SDART 2025-2 D | 0.003527 |  |
| Nissan Auto Receivables 2025-B Owner Trust | 0.003497 |  |
| SDART 2025-4 D 4.95% 01-15-32 | 0.003493 |  |
| Enterprise Fleet Financing 2026-1 LLC | 0.003364 |  |
| GXO LOGISTICS | 0.003360 |  |
| US BANCORP | 0.003321 |  |
| BLACK HILLS CORP | 0.003316 |  |
| DAIMLER TRUCK | 0.003300 |  |
| BANK OF AMER CRP | 0.003297 |  |
| FORD CREDIT AUTO OWNER TRUST 2023-REV1 | 0.003287 |  |

## Federated Hermes Global Allocation Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FEDERATED CORE TR MUTUAL FUND | 0.084700 | ✓ |
| FEDERATED CORE TR MTG CORE PORTFOLIO | 0.040725 |  |
| Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.026420 | ✓ |
| NVIDIA CORP | 0.020695 |  |
| APPLE INC | 0.018637 |  |
| FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.015295 | ✓ |
| MICROSOFT CORP | 0.014623 |  |
| AMAZON.COM INC | 0.011213 |  |
| TSMC | 0.010227 |  |
| ALPHABET INC CL A | 0.010028 |  |
| ALPHABET INC CL C | 0.008153 |  |
| BROADCOM INC | 0.007185 |  |
| META PLATFORMS INC CL A | 0.006976 |  |
| TESLA INC | 0.006627 |  |
| LILLY ELI and CO | 0.006039 |  |
| BERKSHIRE HATH-B | 0.005919 |  |
| FED HIGH YLD BOND PORT | 0.005831 |  |
| SAMSUNG ELECTRONICS CO LTD | 0.005453 |  |
| JOHNSON&JOHNSON | 0.005180 |  |
| US TREASURY N/B | 0.005178 |  |
| BANCO SANTANDER SA | 0.004553 |  |
| PETROBRAS-PREF | 0.004136 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.003960 |  |
| BANK OF AMERICA CORPORATION | 0.003922 |  |
| ASML Holding NV | 0.003888 |  |
| VALE SA | 0.003849 |  |
| MICRON TECHNOLOGY INC | 0.003780 |  |
| NEWMONT CORP | 0.003733 |  |
| MASTERCARD INC CL A | 0.003709 |  |
| BBVA | 0.003572 |  |
| RTX CORP | 0.003572 |  |
| RIO TINTO PLC | 0.003488 |  |
| GERMANY FEDERAL REPUBLIC OF 0.25% 02/15/2027 REGS | 0.003372 |  |
| LAM RESEARCH CORP | 0.003317 |  |
| SK HYNIX INC | 0.003282 |  |
| ITAU UNIBAN-PREF | 0.003236 |  |
| NETFLIX INC | 0.003210 |  |
| GOLDMAN SACHS GROUP INC | 0.003194 |  |
| GE VERNOVA LLC | 0.003171 |  |
| TENCENT HOLDINGS LTD | 0.003020 |  |
| ITALY REPUBLIC OF 5% 08/01/2039 144A REGS | 0.003018 |  |
| MEXICAN BONOS MXN 5.75% 03-05-26 | 0.003005 |  |
| ITALY REPUBLIC OF 1.65% 03/01/2032 144A REGS | 0.002918 |  |
| TELEF BRASIL | 0.002858 |  |
| UNION PACIFIC CORP | 0.002840 |  |
| JPMORGAN CHASE and CO | 0.002834 |  |
| UNITED KINGDOM GILT GBP REG S 1.625% 10-22-28 | 0.002799 |  |
| CISCO SYSTEMS INC | 0.002757 |  |
| PALANTIR TECHNOLOGIES INC | 0.002753 |  |
| EXXON MOBIL CORP | 0.002736 |  |


## Sources

- N-PORT (fund A) — accession `0000789281-26-000084` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/789281/000078928126000084/0000789281-26-000084-index.htm>
- N-PORT (fund B) — accession `0000013386-26-000007` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/13386/000001338626000007/0000013386-26-000007-index.htm>

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