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Morningstar

Federated Hermes Short-Term Income IS FSTYX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.34  /  −0.12 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.380%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.21%
  • Effective Duration 1.80 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis FSTYX

Will FSTYX 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 FSTYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Strength in Federated Hermes Short-Term Income IS's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSTYX

More FSTYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us 5yr Note (Cbt) Mar24 Xcbt 20240328

8.07 108.8 Mil
Government

Federated Hermes Inst Prime Val Obl IS

5.67 76.5 Mil
Cash and Equivalents

United States Treasury Notes 5%

1.50 20.2 Mil
Government

United States Treasury Notes 4.875%

1.50 20.2 Mil
Government

SANTANDER RETAIL AUTO LEASE TRUST 2021-B 1.41%

1.02 13.8 Mil
Securitized

Santander Retail Auto Lease Trust 1.39%

0.94 12.7 Mil
Securitized

FONTAINEBLEAU MIAMI BEACH TRUST 3.447%

0.86 11.6 Mil
Securitized

United States Treasury Notes 4.625%

0.75 10.1 Mil
Government

NELNET STUDENT LOAN TRUST 6.1624%

0.73 9.9 Mil
Securitized

Nextgear Floorplan Master Owner Trust 0.85%

0.72 9.7 Mil
Securitized