Federated Global Allocation Fund

11/18/2024 | Press release | Distributed by Public on 11/18/2024 09:35

Prospectus by Investment Company - Form 497

EDGAR HTML
Federated Hermes Global Allocation Fund
Class A Shares (TICKER FSTBX)
Class C Shares (TICKER FSBCX)
Class R Shares (TICKER FSBKX)
Institutional Shares (TICKER SBFIX)
Class R6 Shares (TICKER FSBLX)
SUPPLEMENT TO PROSPETUS DATED JANUARY 31, 2024
Effective January 28, 2025, the Board of Trustees of Federated Hermes Global Allocation Fund (the "Fund"), approved a reduction in the maximum sales charge (load) of the Fund's Class A Shares. The reduction to the Class A Shares maximum sales charge (load) will also generally cause the reduction of the maximum amount of Class C Shares a shareholder (except for employer-sponsored retirement plans held in omnibus accounts) can hold. Accordingly, please make the following changes in the Fund's prospectus, which are effective January 28, 2025.
1. Under the section entitled "Risk/Return Summary: Fees and Expenses," please delete and replace the "Shareholder Fees," "Annual Fund Operating Expenses" and "Example" sections in their entirety with the following:
RISK/RETURN SUMMARY: Fees and Expenses
This table describes the fees and expenses that you may pay if you buy, hold and sell the Fund's Class A Shares (A), Class C Shares (C), Class R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated Hermes funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 27 and in "Appendix B" to this Prospectus.
Shareholder Fees (fees paid directly from your investment) 
A
C
R
IS
R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
4.50%
None
None
None
None
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, as applicable)
0.00%
1.00%
None
None
None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other Distributions) (as a percentage of offering price)
None
None
None
None
None
Redemption Fee (as a percentage of amount redeemed, if applicable)
None
None
None
None
None
Exchange Fee
None
None
None
None
None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 
A
C
R
IS
R6
Management Fee
0.70%
0.70%
0.70%
0.70%
0.70%
Distribution (12b-1) Fee
None
0.75%
0.50%
None
None
Other Expenses
0.74%
0.75%
0.64%
0.46%
0.40%
Acquired Fund Fees and Expenses
0.01%
0.01%
0.01%
0.01%
0.01%
Total Annual Fund Operating Expenses
1.45%
2.21%
1.85%
1.17%
1.11%
Fee Waivers and/or Expense Reimbursements1
(0.30)%
(0.26)%
(0.27)%
(0.31)%
(0.27)%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
1.15%
1.95%
1.58%
0.86%
0.84%
1
 The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Total annual
fund operating expenses (excluding Acquired Fund Fees and Expenses, interest expense, dividends and other expenses related to short sales, extraordinary expenses
and proxy-related expenses, if any) paid by the Fund's A, C, R, IS and R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.14%, 1.94%,
1.57%, 0.85% and 0.83% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) February 1, 2025; or (b) the date of the Fund's next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the agreement of the Fund's Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that operating expenses remain the same. The Example does not reflect sales charges (loads) on reinvested dividends. If these sales charges (loads) were included, your costs would be higher. Although your actual costs and returns may be higher or lower, based on these assumptions your costs would be:  
Share Class
1 Year
3 Years
5 Years
10 Years
A:
Expenses assuming redemption
$591
$888
$1,207
$2,107
Expenses assuming no redemption
$591
$888
$1,207
$2,107
C:
Expenses assuming redemption
$324
$691
$1,185
$2,352
Expenses assuming no redemption
$224
$691
$1,185
$2,352
R:
Expenses assuming redemption
$188
$582
$1,001
$2,169
Expenses assuming no redemption
$188
$582
$1,001
$2,169
IS:
Expenses assuming redemption
$119
$372
$644
$1,420
Expenses assuming no redemption
$119
$372
$644
$1,420
R6:
Expenses assuming redemption
$113
$353
$612
$1,352
Expenses assuming no redemption
$113
$353
$612
$1,352
2. Under the section entitled "What do Shares Cost?-Sales Charge Information," please delete the table and its corresponding footnotes and replace with the following: 
Minimum
Initial/Subsequent
Investment
Amounts1
Maximum Sales Charges
Shares Offered
Front-End
Sales Charge2
Contingent
Deferred
Sales Charge3
A
$1,500/$100
4.50%
0.00%
C
$1,500/$100
None
1.00%
1
 The minimum initial and subsequent investment amounts for Individual Retirement Accounts (IRAs) are generally $250 and $100, respectively. There is no minimum
initial or subsequent investment amount required for employer-sponsored retirement plans; however, such accounts remain subject to the Fund's policy on "Accounts
with Low Balances" as discussed later in this Prospectus. Please see "By Systematic Investment Program" for applicable minimum investment. Financial intermediaries
may impose higher or lower minimum investment requirements on their customers than those imposed by the Fund.

To maximize your return and minimize the sales charges and marketing fees, aggregate purchases of the C class are generally limited to $250,000. Purchases equal to
or in excess of these limits may be made in the A class. If your Shares are held on the books of the Fund in the name of a financial intermediary, you may be subject
to rules of your financial intermediary that differ from those of the Fund. See "Purchase Restrictions on C Class" below.

After Class C Shares have been held for eight years from the date of purchase, they will automatically convert to Class A Shares on the next monthly conversion
processing date, provided that certain conditions are satisfied. See "How is the Fund Sold?" This conversion is a non-taxable event.
2
 Front-End Sales Charge is expressed as a percentage of public offering price. See "Sales Charge When You Purchase."
3
 See "Sales Charge When You Redeem."
3. Under the section entitled "What do Shares Cost?-Sales Charge When You Purchase," please delete the table and ts corresponding footnotes and replace with the following: 
A:
Purchase Amount
Sales Charge
as a Percentage
of Public
Offering Price
Sales Charge
as a Percentage
of NAV
Less than $50,000
4.50%
4.71%
$50,000 but less than $100,000
3.50%
3.63%
$100,000 but less than $250,000
3.00%
3.09%
$250,000 or greater1
0.00%
0.00%
1
 A contingent deferred sales charge (CDSC) of 0.75% of the redemption amount applies to Shares originally purchased in an amount of $250,000 or more and
redeemed up to 24 months after purchase under certain investment programs where a financial intermediary received an advance payment on the transaction.
CDSC exceptions may apply. See "Sales Charge When You Redeem."
4. Under the section entitled "What do Shares Cost?-Purchase Restrictions on C Class,"please delete the paragraph and replace with the following:
In order to maximize shareholder returns and minimize sales charges and marketing fees, an investor's purchases of the C class are generally limited to $250,000 (except for employer-sponsored retirement plans held in omnibus accounts with respect to Class C Shares). In applying the limit, the dollar amount of the current purchase is added to the product obtained by multiplying the respective maximum public offering price times the number of the A class, C class, F class and R class of any Federated Hermes fund currently held in linked Qualifying Accounts, as defined in the section entitled "Reducing the Sales Charge with Breakpoint Discounts." If the sum of these two amounts would equal or exceed the limit, then the current purchase order will not be processed. Instead, the Distributor will attempt to contact the investor or the investor's financial intermediary to offer the opportunity to convert the order to the A class. If your Shares are held on the books of the Fund in the name of a financial intermediary, you may be subject to rules of your financial intermediary that differ from those of the Fund. Shareholders with balances exceeding the $250,000 threshold in C class may remain in the C class but will be unable to purchase additional C class until their total C class assets fall below $250,000.
5. Under the section entitled "What do Shares Cost?-Sales Charge When you Redeem," please delete the A Shares table and the bullet point for A Class Only and replace with the following: 
A:
If you make a purchase of the A class in the amount of $250,000 or more and your financial intermediary received an advance commission on the sale, you will pay a 0.75%
CDSC on any such Shares redeemed within 24 months of the purchase.
A Class Only
■ purchased in the amount of $250,000 or more and redeemed within 24 months of purchase if the Shares were originally purchased through an eligible program offered by a Financial Intermediary that provides for the purchase of Shares without imposition of a sales charge (for example, a wrap account, self-directed brokerage account, retirement or other fee-based program offered by the Financial Intermediary)
6. Under the section entitled "Payments to Financial Intermediaries-Front-End Sales Charge Reallowances," please delete the A Shares table and replace with the following: 
Class A Shares:
Purchase Amount
Dealer Reallowance
as a Percentage of
Public Offering Price
Less than $50,000
4.00%
$50,000 but less than $100,000
3.00%
$100,000 but less than $250,000
2.50%
$250,000 or greater
0.00%
7. Under the section entitled "Payments to Financial Intermediaries-Advance Commissions," please delete the A Shares table and replace with the following: 
A (for purchases over $250,000):
Purchase Amount
Advance Commission
as a Percentage of
Public Offering Price
First $250,000 - $5 million
0.75%
Next $5 million - $20 million
0.50%
Over $20 million
0.25%
8. Under the section entitled "Appendix A: Hypothetical Investment and Expense Information," please delete and replace the Class A table in its entirety with the following: 
FEDERATED HERMES GLOBAL ALLOCATION FUND-A CLASS
ANNUAL EXPENSE RATIO: 1.45%
MAXIMUM FRONT-END SALES CHARGE: 4.50%
Year
Hypothetical
Beginning
Investment
Hypothetical
Performance
Earnings
Investment
After
Returns
Hypothetical
Expenses
Hypothetical
Ending
Investment
1
$10,000.00
$477.50
$10,027.50
$590.93
$9,889.03
2
$9,889.03
$494.45
$10,383.48
$145.94
$10,240.09
3
$10,240.09
$512.00
$10,752.09
$151.12
$10,603.61
4
$10,603.61
$530.18
$11,133.79
$156.48
$10,980.04
5
$10,980.04
$549.00
$11,529.04
$162.04
$11,369.83
6
$11,369.83
$568.49
$11,938.32
$167.79
$11,773.46
7
$11,773.46
$588.67
$12,362.13
$173.75
$12,191.42
8
$12,191.42
$609.57
$12,800.99
$179.91
$12,624.22
9
$12,624.22
$631.21
$13,255.43
$186.30
$13,072.38
10
$13,072.38
$653.62
$13,726.00
$192.91
$13,536.45
Cumulative
$5,614.69
$2,107.17
November 18, 2024
 
Federated Hermes Global Allocation Fund
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedHermes.com/us
or call 1-800-341-7400.
Federated Securities Corp., Distributor
Q456892 (11/24)
© 2024 Federated Hermes, Inc.
Federated Hermes Global Allocation Fund
Class A Shares (TICKER FSTBX)
Class C Shares (TICKER FSBCX)
Class R Shares (TICKER FSBKX)
Institutional Shares (TICKER SBFIX)
Class R6 Shares (TICKER FSBLX)
SUPPLEMENT TO SUMMARY PROSPECTUS DATED JANUARY 31, 2024
Effective January 28, 2025, the Board of Trustees of Federated Hermes Global Allocation Fund (the "Fund"), approved a reduction in the maximum sales charge (load) of the Fund's Class A Shares. The reduction to the Class A Shares maximum sales charge (load) will also generally cause the reduction of the maximum amount of Class C Shares a shareholder (except for employer-sponsored retirement plans held in omnibus accounts) can hold. Accordingly, please make the following changes in the Fund's summary prospectus, which are effective January 28, 2025.
Under the section entitled "Risk/Return Summary: Fees and Expenses," please delete and replace the "Shareholder Fees," "Annual Fund Operating Expenses" and "Example" sections in their entirety with the following:
RISK/RETURN SUMMARY: Fees and Expenses
This table describes the fees and expenses that you may pay if you buy, hold and sell the Fund's Class A Shares (A), Class C Shares (C), Class R Shares (R), Institutional Shares (IS) and Class R6 Shares (R6). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in certain classes (e.g., A class) of Federated Hermes funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 27 and in "Appendix B" to this Prospectus.
Shareholder Fees (fees paid directly from your investment) 
A
C
R
IS
R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of
offering price)
4.50%
None
None
None
None
Maximum Deferred Sales Charge (Load) (as a percentage of original
purchase price or redemption proceeds, as applicable)
0.00%
1.00%
None
None
None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and
other Distributions) (as a percentage of offering price)
None
None
None
None
None
Redemption Fee (as a percentage of amount redeemed, if applicable)
None
None
None
None
None
Exchange Fee
None
None
None
None
None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 
A
C
R
IS
R6
Management Fee
0.70%
0.70%
0.70%
0.70%
0.70%
Distribution (12b-1) Fee
None
0.75%
0.50%
None
None
Other Expenses
0.74%
0.75%
0.64%
0.46%
0.40%
Acquired Fund Fees and Expenses
0.01%
0.01%
0.01%
0.01%
0.01%
Total Annual Fund Operating Expenses
1.45%
2.21%
1.85%
1.17%
1.11%
Fee Waivers and/or Expense Reimbursements1
(0.30)%
(0.26)%
(0.27)%
(0.31)%
(0.27)%
Total Annual Fund Operating Expenses After Fee Waivers
and/or Expense Reimbursements
1.15%
1.95%
1.58%
0.86%
0.84%
 
1
 The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of
their respective fees and/or reimburse expenses. Total annual fund operating expenses (excluding
Acquired Fund Fees and Expenses, interest expense, dividends and other expenses related to short
sales, extraordinary expenses and proxy-related expenses, if any) paid by the Fund's A, C, R, IS and
R6 classes (after the voluntary waivers and/or reimbursements) will not exceed 1.14%, 1.94%, 1.57%,
0.85% and 0.83% (the "Fee Limit"), respectively, up to but not including the later of (the "Termination
Date"): (a) February 1, 2025; or (b) the date of the Fund's next effective Prospectus. While the Adviser
and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the
Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the
Termination Date with the agreement of the Fund's Board of Trustees.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that operating expenses remain the same. The Example does not reflect sales charges (loads) on reinvested dividends. If these sales charges (loads) were included, your costs would be higher. Although your actual costs and returns may be higher or lower, based on these assumptions your costs would be:  
Share Class
1 Year
3 Years
5 Years
10 Years
A:
Expenses assuming redemption
$591
$888
$1,207
$2,107
Expenses assuming no redemption
$591
$888
$1,207
$2,107
C:
Expenses assuming redemption
$324
$691
$1,185
$2,352
Expenses assuming no redemption
$224
$691
$1,185
$2,352
R:
Expenses assuming redemption
$188
$582
$1,001
$2,169
Expenses assuming no redemption
$188
$582
$1,001
$2,169
IS:
Expenses assuming redemption
$119
$372
$644
$1,420
Expenses assuming no redemption
$119
$372
$644
$1,420
R6:
Expenses assuming redemption
$113
$353
$612
$1,352
Expenses assuming no redemption
$113
$353
$612
$1,352
November 18, 2024
   
Federated Hermes Global Allocation Fund
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedHermes.com/us
or call 1-800-341-7400.
Federated Securities Corp., Distributor
Q456906 (11/24)
© 2024 Federated Hermes, Inc.