# Portfolio overlap — SBFIX vs ACWI

Comparing **Federated Hermes Global Allocation Fund** (2026-02-28) and **iShares MSCI ACWI ETF** (2026-01-31).

- Shared positions: 593
- Federated Hermes Global Allocation Fund covered by iShares MSCI ACWI ETF: 0.3683034194598496724957359655
- iShares MSCI ACWI ETF covered by Federated Hermes Global Allocation Fund: 0.3683034194598496724957359653

## 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 | ✓ |

## iShares MSCI ACWI ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.048278 | ✓ |
| APPLE INC | 0.040034 | ✓ |
| MICROSOFT CORP | 0.031573 | ✓ |
| AMAZON.COM INC | 0.023859 | ✓ |
| ALPHABET INC CL A | 0.020435 | ✓ |
| ALPHABET INC CL C | 0.017207 | ✓ |
| META PLATFORMS INC CL A | 0.016150 | ✓ |
| BROADCOM INC | 0.015453 | ✓ |
| TSMC | 0.014192 | ✓ |
| TESLA INC | 0.012648 | ✓ |
| JPMORGAN CHASE and CO | 0.008728 | ✓ |
| LILLY ELI and CO | 0.008673 | ✓ |
| BERKSHIRE HATH-B | 0.006873 | ✓ |
| EXXON MOBIL CORP | 0.006239 | ✓ |
| ASML Holding NV | 0.005778 | ✓ |
| JOHNSON&JOHNSON | 0.005694 | ✓ |
| VISA INC-CLASS A | 0.005644 | ✓ |
| WALMART INC | 0.005427 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.005408 | ✓ |
| TENCENT HOLDINGS LTD | 0.005129 | ✓ |
| MICRON TECHNOLOGY INC | 0.004837 | ✓ |
| MASTERCARD INC CL A | 0.004757 | ✓ |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.004370 |  |
| COSTCO WHOLESALE CORP | 0.004315 |  |
| ABBVIE INC | 0.004103 | ✓ |
| ADV MICRO DEVICE | 0.003992 | ✓ |
| HOME DEPOT INC | 0.003873 | ✓ |
| BANK OF AMERICA CORPORATION | 0.003866 | ✓ |
| BABA-W | 0.003802 | ✓ |
| NETFLIX INC | 0.003698 | ✓ |
| PROCTER & GAMBLE | 0.003692 | ✓ |
| SK HYNIX INC | 0.003549 | ✓ |
| CHEVRON CORP | 0.003533 |  |
| PALANTIR TECHNOLOGIES INC | 0.003478 | ✓ |
| GENERAL ELECTRIC CO | 0.003362 |  |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | 0.003317 | ✓ |
| HSBC HOLDINGS PL | 0.003200 | ✓ |
| CATERPILLAR INC | 0.003199 | ✓ |
| CISCO SYSTEMS INC | 0.003195 | ✓ |
| COCA-COLA CO/THE | 0.003178 |  |
| LAM RESEARCH CORP | 0.003048 | ✓ |
| WELLS FARGO & CO | 0.003005 |  |
| ASTRAZENECA PLC | 0.002994 | ✓ |
| INTL BUS MACH CORP | 0.002968 |  |
| ORACLE CORP | 0.002931 |  |
| Novartis AG (Registered) | 0.002926 | ✓ |
| GOLDMAN SACHS GROUP INC | 0.002921 | ✓ |
| PHILIP MORRIS INTL INC | 0.002903 |  |
| MERCK & CO | 0.002858 | ✓ |
| RTX CORP | 0.002794 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000013386-26-000007` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/13386/000001338626000007/0000013386-26-000007-index.htm>
- N-PORT (fund B) — accession `0001410368-26-031726` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031726/0001410368-26-031726-index.htm>

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