Intermediate Government/Credit Strategy

Managed Accounts . Intermediate Bond .



A composite comprised of separately managed account portfolios managed to the Bloomberg Barclays U.S. Intermediate Government/Credit Index with full authorization to utilize Managed Account Pools (MAPs). MAPs are "zero" advisory fee mutual funds specifically designed for use with the Federated Hermes managed accounts. Generally, primary sector MAPs are used strategically, while secondary sector MAPs are used opportunistically. For this strategy, the corporate MAP is primary while mortgage, international and high yield are considered secondary. All portfolios utilize Federated Hermes' primary institutional fixed-income approach, a benchmark-driven process designed to add value through fundamental analysis with teams focused by sector to extract value from each step of the process - analysis of sector, yield curve, and security characteristics, and assessment of major long-term indicators of interest rate direction and volatility - within client-driven parameters that meet the above criteria.

Key Facts - Part 1
Benchmark Bloomberg Barclays U.S. Intermediate Government/Credit Index
Key Facts - Part 2
Strategy Inception Date January 1 1989
Managed Accounts Pools (MAPs)

MAPs are unique asset class pools specifically designed for Separately Managed Account (SMA) strategies. They are registered investment companies with "zero" advisory fees. MAPs are available only in conjunction with Federated Hermes SMAs. The implementation of MAPs can be at the discretion of the financial professional.

Specific Asset Class Pools Available:

  • BBB Corporate
  • Mortgage
  • High Yield
  • International
Robert Ostrowski, CFA®
Executive Vice President
Chief Investment Officer Global Fixed Income
Senior Portfolio Manager

joined Federated Hermes
33 years of experience
Denis Doherty, CFA®
Senior Vice President
Senior Portfolio Manager, Head of Managed Accounts Group

joined Federated Hermes
33 years of experience





Investment strategies described on this site are not necessarily available through every sponsor program. Please check with your Federated Hermes representative or your home office to ascertain accessibility.

For a detailed discussion of Managed Account strategies or to receive additional information, please Contact Us.

Issues discussed within this communication represent the investment manager's explanation of factors that were considered when executing transactions or holding specific securities on the prior date indicated. Because this is a managed portfolio, the investment mix will change and the holdings are not indicative of future portfolio composition. Marketplace conditions fluctuate suddenly and frequently, and investment manager's opinions may change. These comments are not intended to be and do not constitute recommendations that others buy, sell or hold any of the securities discussed. Opinions relate to the representative portfolio as of the date above and are subject to change.

Supplemental to the GIPS report found on this website in the Performance Profile found in the Documents section.

For printing purposes, this commentary must be accompanied by the full GIPS report.

Past performance is no guarantee of future results.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Investment Counseling