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Morningstar

Federated Hermes Float Rate Strat Inc IS FFRSX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.68  /  0.11 %
  • Total Assets 11.8 Mil
  • Adj. Expense Ratio
    0.740%
  • 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 1,000,000
  • Status Open
  • TTM Yield 7.80%
  • Effective Duration 0.20 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:12 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.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFRSX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FFRSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FFRSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Federated Hermes Float Rate Strat Inc IS's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FFRSX

More FFRSX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 72
  • Other Holdings 3
  • % Assets in Top 10 Holdings 93.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

80.89
427,588,699
—

Federated Project and Trade Fin Cor

8.94
47,261,101
—

Federal Home Loan Mortgage Corporation 5.64329%

0.68
3,615,749
Securitized

Federal National Mortgage Association 5.55043%

0.62
3,294,312
Securitized

Federal Home Loan Mortgage Corporation 5.64329%

0.60
3,173,225
Securitized

Federal National Mortgage Association 5.55043%

0.48
2,529,385
Securitized

Federal National Mortgage Association 5.45043%

0.45
2,384,525
Securitized

Federal Home Loan Mortgage Corporation 5.60043%

0.41
2,190,867
Securitized

Federal Home Loan Mortgage Corporation 5.69329%

0.38
1,999,911
Securitized

DIRECTV FINANCING LLC TERM LOAN

0.31
1,636,965
Corporate