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Morningstar

Federated Hermes Float Rate Strat Inc A FRSAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.69  /  0.00
  • Total Assets 447.8 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 Low/Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 7.95%
  • Effective Duration 0.20 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 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.

Federated Hermes Float Rate Strat Inc A's Average People Pillar and Process 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRSAX

More FRSAX Holdings
  • 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