Advertisement
Skip to Content
Morningstar

Federated Hermes Float Rate Strat Inc A FRSAX

Morningstar Analyst Rating
Quantitative rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 8.68  /  0.11 %
  • Total Assets 17.3 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.980%
  • 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 5.65%
  • Effective Duration 0.20 years

USD | NAV as of Mar 31, 2023 | 1-Day Return as of Mar 31, 2023, 10:11 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.

Process Pillar

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

People Pillar

The People Pillar is our evaluation of the FRSAX 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 FRSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

|

Federated Hermes Float Rate Strat Inc A's Average Process Pillar and People Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FRSAX

More FRSAX Holdings
  • Current Portfolio Date Dec 31, 2022
  • Equity Holdings 1
  • Bond Holdings 44
  • Other Holdings 3
  • % Assets in Top 10 Holdings 98.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

84.79
549,498,544
—

Federated Project and Trade Fin Cor

9.68
62,717,502
—

Federal Home Loan Mortgage Corporation 4.76786%

0.59
3,797,019
Securitized

Federal National Mortgage Association 4.78871%

0.57
3,684,219
Securitized

Federal Home Loan Mortgage Corporation 4.76786%

0.53
3,437,662
Securitized

Federal National Mortgage Association 4.78871%

0.42
2,732,771
Securitized

Federal National Mortgage Association 4.68871%

0.38
2,487,540
Securitized

Federal Home Loan Mortgage Corporation 4.83871%

0.36
2,352,321
Securitized

TRANSUNION LLC 2021 TERM LOAN B6

0.35
2,245,029
Corporate

Federal Home Loan Mortgage Corporation 4.81786%

0.33
2,163,653
Securitized