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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 7.94  /  +0.38 %
  • Total Assets 599.8 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 1.0 Mil
  • Status Open
  • TTM Yield 5.10%
  • Effective Duration 4.50 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 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 cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings STISX

More STISX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 89.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

High Yield Bond Portfolio

37.54 236.0 Mil
—

Federated Emerging Markets Core

24.45 153.7 Mil
—

Federated Mortgage Core Portfolio

18.57 116.7 Mil
—

United States Treasury Notes 4.5%

1.61 10.1 Mil
Government

2 Year Treasury Note Future Mar 24

1.41 8.9 Mil
Government

Fnma Pass-Thru I 3%

1.37 8.6 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.5%

1.18 7.4 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

1.17 7.4 Mil
Securitized

Federal National Mortgage Association 4%

1.13 7.1 Mil
Securitized

United States Treasury Notes 4.625%

1.12 7.0 Mil
Government