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Morningstar

Federated Hermes Strategic Income IS STISX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 7.59  /  0.26 %
  • Total Assets 655.2 Mil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.02%
  • Effective Duration 5.20 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:24 PM GMT+0

Morningstar’s Analysis STISX

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

People Pillar

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

Strength in Federated Hermes Strategic 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-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings STISX

More STISX Holdings
  • Current Portfolio Date
  • Equity Holdings 27
  • Bond Holdings 261
  • Other Holdings 42
  • % Assets in Top 10 Holdings 88.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

High Yield Bond Portfolio

33.23
245,686,164
—

Federated Emerging Markets Core

21.17
156,537,395
—

Federated Mortgage Core Portfolio

20.08
148,442,246
—

Us 5yr Note (Cbt) Sep23 Xcbt 20230929

6.23
46,050,312
Government

United States Treasury Notes 4.75%

3.23
23,890,313
Government

Federated Hermes Inst Prime Val Obl IS

1.44
10,645,116
Cash and Equivalents

Fnma Pass-Thru I 3%

1.21
8,952,164
Securitized

Federal Home Loan Mortgage Corporation 3.5%

1.02
7,540,945
Securitized

Federal Home Loan Mortgage Corporation 3%

1.01
7,497,259
Securitized

Federal National Mortgage Association 4%

0.99
7,283,680
Securitized