The Federated Hermes Prudent Bear Fund Class IS (PBRIX) is a mutual fund that focuses on investing in companies that are expected to perform poorly in the market. This fund aims to provide investors with a hedge against market downturns and potential losses by strategically selecting bearish investments. It is managed by Federated Hermes, a leading global investment management firm, and is classified as a Class IS fund, which typically has lower fees and higher minimum investment requirements. PBRIX may be a suitable option for investors looking to diversify their portfolio and potentially mitigate risk during market downturns.