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Morningstar

Federated Hermes Strategic Income F STFSX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 7.87  /  0.25 %
  • Total Assets 614.2 Mil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.960%
  • Distribution Fee Level —
  • Share Class Type —
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 4.77%
  • Effective Duration 4.60 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis STFSX

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

People Pillar

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

Strength in Federated Hermes Strategic Income F'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

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.

by Morningstar Manager Research
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Portfolio Holdings STFSX

More STFSX Holdings
  • Current Portfolio Date
  • Equity Holdings 26
  • Bond Holdings 211
  • Other Holdings 28
  • % Assets in Top 10 Holdings 88.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

High Yield Bond Portfolio

36.69
237,823,091
—

Federated Emerging Markets Core

20.44
132,500,689
—

Federated Mortgage Core Portfolio

20.16
130,696,080
—

United States Treasury Notes 4.75%

2.30
14,900,391
Government

United States Treasury Notes 4.625%

2.29
14,871,680
Government

United States Treasury Notes 4.5%

1.53
9,907,812
Government

Us 5yr Note (Cbt) Dec23 Xcbt 20231229

1.38
8,955,547
Government

Fnma Pass-Thru I 3%

1.27
8,240,390
Securitized

Federated Hermes Inst Prime Val Obl IS

1.27
8,202,135
Cash and Equivalents

Federal Home Loan Mortgage Corporation 3.5%

1.08
7,027,630
Securitized