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Federated Hermes Float Rate Strat Inc A FRSAX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.70  /  +0.02 %
  • Total Assets 438.8 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • 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 7.82%
  • Effective Duration 0.10 years

USD | NAV as of Jun 12, 2024 | 1-Day Return as of Jun 12, 2024, 10:17 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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Portfolio Holdings FRSAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 94.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

79.17 358.9 Mil

Federated Project and Trade Fin Cor

9.96 45.2 Mil

Federated Hermes Inst Prime Val Obl IS

1.59 7.2 Mil
Cash and Equivalents

Government National Mortgage Association 6.46931%

1.11 5.0 Mil
Securitized

Federal National Mortgage Association 6.5%

1.10 5.0 Mil
Securitized

Federal National Mortgage Association 5.83487%

0.64 2.9 Mil
Securitized

Federal National Mortgage Association 5.73487%

0.49 2.2 Mil
Securitized

Federal National Mortgage Association 5.83487%

0.49 2.2 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.88487%

0.44 2.0 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.93312%

0.40 1.8 Mil
Securitized