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Federated Hermes Short-Term Income Svc FSTIX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.20  /  0.12 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.15%
  • Effective Duration 2.00 years

Morningstar’s Analysis FSTIX

Will FSTIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Federated Hermes Short-Term Income Svc boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at 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.

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Portfolio Holdings FSTIX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 389
  • Other Holdings 12
  • % Assets in Top 10 Holdings 21.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us 5yr Note (Cbt) Sep23 Xcbt 20230929

8.60
128,512,500
Government

Future on 2 Year Treasury Note

6.80
101,671,875
Government

SANTANDER RETAIL AUTO LEASE TRUST 2021-B 1.41%

0.89
13,357,331
Securitized

Evergreen Credit Card Trust 1.15%

0.84
12,593,202
Securitized

Santander Retail Auto Lease Trust 1.39%

0.82
12,283,146
Securitized

VERIZON MASTER TRUST 1.38%

0.82
12,193,963
Securitized

FONTAINEBLEAU MIAMI BEACH TRUST 3.447%

0.76
11,379,464
Securitized

NELNET STUDENT LOAN TRUST 5.83629%

0.74
11,073,716
Securitized

Nextgear Floorplan Master Owner Trust 0.85%

0.63
9,462,398
Securitized

SANTANDER DRIVE AUTO RECEIVABLES TRUST 1.33%

0.62
9,329,526
Securitized