Morningstar

Federated Hermes Floating Rate Strategic Income Fund Class A FRSAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.48  /  −0.12 %
  • Total Assets 322.8M
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.920%
  • 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 5.54%
  • Effective Duration 0.30 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 1:53 AM GMT+0

Morningstar’s Analysis FRSAX

Will FRSAX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Float Rate Strat Inc A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FRSAX

More FRSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 87.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

63.59 206M
—

Federated Project and Trade Fin Cor

12.67 41M
—

Federal National Mortgage Association 4.22638%

1.86 6M
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.6119%

1.47 5M
Securitized

Government National Mortgage Association 4.97294%

1.45 5M
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.7619%

1.29 4M
Securitized

Federated Govt Oblg Pr Shares

1.27 4M
—

Government National Mortgage Association 4.82294%

1.26 4M
Securitized

Government National Mortgage Association 4.72294%

1.19 4M
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.9119%

0.99 3M
Securitized

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