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Federated Hermes Float Rate Strat Inc IS FFRSX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.70  /  0.00
  • Total Assets 453.6 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 1.0 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.

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

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Morningstar Manager Research

Summary

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

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Portfolio Holdings FFRSX

  • 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