The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.
Federated Hermes Float Rate Strat Inc IS FFRSX
- NAV / 1-Day Return 8.70 / 0.00
- Total Assets 453.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.740%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 8.30%
- Effective Duration 0.20 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0
Morningstar’s Analysis FFRSX
Will FFRSX 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 92.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Bank Loan Core | 80.20 | 377.0 Mil | — |
Federated Project and Trade Fin Cor | 8.49 | 39.9 Mil | — |
Federated Hermes Inst Prime Val Obl IS | 1.56 | 7.3 Mil | Cash and Equivalents |
Government National Mortgage Association 6.48774% | 1.08 | 5.1 Mil | Securitized |
Federal National Mortgage Association 5.85191% | 0.65 | 3.0 Mil | Securitized |
Federal National Mortgage Association 5.85191% | 0.49 | 2.3 Mil | Securitized |
Federal National Mortgage Association 5.75191% | 0.49 | 2.3 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.90191% | 0.44 | 2.1 Mil | Securitized |
Federal Home Loan Mortgage Corp. 5.95292% | 0.40 | 1.9 Mil | Securitized |
Federal Home Loan Mortgage Corp. 0.58363% | 0.32 | 1.5 Mil | Securitized |