FTRB ETF — Federated Hermes Total Return Bond ETF

Federated Hermes Total Return Bond ETF (FTRB)

FTRB is an ETF. its distribution rate is 4.39%, its trailing-12-month yield is 4.42%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 9.2% over the past 2.7 years, 61.8 points behind SPY at 71.0%.

At the current 4.39% distribution rate, a $10,000 investment would generate approximately $439 per year, or $36.58 per month.

FTRB performance versus SPY

Price and return data through 2026-09-21.

Total return is 9.2% over the past 2.7 years, 61.8 points behind SPY at 71.0%. Over the past year its total return — price change plus distributions reinvested — is 0.0%. Its deepest 1-year drawdown was 3.1%.

FTRB key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

3.95%

Issuer

Federated Hermes

Asset type

ETF

Asset class

Fixed Income

Inception date

01/02/2024

Expense ratio

0.39%

Distribution rate

4.39%

Distribution frequency

Monthly

Trailing yield

4.42%

Last close

$24.47 (as of 2026-09-21)

NAV

$24.40

Premium / discount

0.29% premium

AUM

$625,701,148

Average volume

122818.0

Last dividend

$0.0896

Last ex-dividend date

08/31/2026

Last payment date

09/01/2026

P/E ratio

7.0142

How Dividend Vision calculates yield and returns

Distribution rate (4.39%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.42%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Federated Hermes; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FTRB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.1%.

Who may consider FTRB — and who may not

FTRB may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Federated Hermes.