Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Federated Hermes Float Rate Strat Inc A FRSAX
- NAV / 1-Day Return 8.70 / +0.12 %
- Total Assets 449.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.990%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 7.87%
- Effective Duration 0.10 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FRSAX
Will FRSAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 94.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Bank Loan Core | 79.17 | 358.9 Mil | — |
Federated Project and Trade Fin Cor | 9.96 | 45.2 Mil | — |
Federated Hermes Inst Prime Val Obl IS | 1.59 | 7.2 Mil | Cash and Equivalents |
Government National Mortgage Association 6.46931% | 1.11 | 5.0 Mil | Securitized |
Federal National Mortgage Association 6.5% | 1.10 | 5.0 Mil | Securitized |
Federal National Mortgage Association 5.83487% | 0.64 | 2.9 Mil | Securitized |
Federal National Mortgage Association 5.73487% | 0.49 | 2.2 Mil | Securitized |
Federal National Mortgage Association 5.83487% | 0.49 | 2.2 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.88487% | 0.44 | 2.0 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.93312% | 0.40 | 1.8 Mil | Securitized |