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Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Short-Term Income Fund

FTIAX | Fund

$8.35

$1.26 B

3.88%

$0.32

0.69%

Vitals

YTD Return

0.6%

1 yr return

3.6%

3 Yr Avg Return

0.5%

5 Yr Avg Return

1.5%

Net Assets

$1.26 B

Holdings in Top 10

11.9%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load 1.00%

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Short-Term Income Fund

FTIAX | Fund

$8.35

$1.26 B

3.88%

$0.32

0.69%

FTIAX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Short-Term Income Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Aug 30, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Randall Bauer

Fund Description

In pursuing its principal investment strategies, the Fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. In addition, at least 65% of the Fund’s securities must be rated A or higher (or, for short-term instruments, in one of the two highest rating categories) by a nationally recognized statistical rating organization (NRSRO). The Fund may invest up to 35% of its assets in noninvestment-grade, fixed-income securities. The Fund may also invest a portion of its portfolio in securities of issuers based outside of the United States. The Fund’s investment adviser (the “Adviser”) seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. The Fund may invest in derivative contracts, in particular, futures contracts, option contracts and swap contracts and/or hybrid instruments, to implement elements of its investment strategy. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contract or hybrid instrument. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value. The Fund may invest its assets in securities of other investment companies, including affiliated money market funds and funds advised by the Adviser or its affiliates, as an efficient means of implementing its investment strategies and/or managing its uninvested cash.Although the value of the Fund’s Shares will fluctuate, the Adviser will seek to manage the magnitude of fluctuation by limiting the Fund’s dollar-weighted average duration within a range of one to three years and, in any event, to not more than three years. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Under normal market conditions, the Fund’s dollar-weighted average maturity is expected to be three years or less.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in fixed-income investments.
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FTIAX - Performance

Return Ranking - Trailing

Period FTIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 10.2% 46.00%
1 Yr 3.6% -3.1% 23.7% 42.08%
3 Yr 0.5%* -6.7% 4.1% 32.96%
5 Yr 1.5%* -4.4% 4.3% 44.42%
10 Yr 1.2%* -19.2% 169.6% 64.84%

* Annualized

Return Ranking - Calendar

Period FTIAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -5.4% 7.6% 37.41%
2022 -4.6% -17.7% -2.6% 3.53%
2021 -1.3% -4.0% 4.4% 22.61%
2020 1.8% -8.3% 7.6% 48.24%
2019 1.8% -2.3% 9.3% 58.70%

Total Return Ranking - Trailing

Period FTIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 10.2% 46.00%
1 Yr 3.6% -3.1% 23.7% 42.08%
3 Yr 0.5%* -6.7% 4.1% 32.96%
5 Yr 1.5%* -4.4% 4.3% 44.42%
10 Yr 1.2%* -19.2% 169.6% 64.84%

* Annualized

Total Return Ranking - Calendar

Period FTIAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -1.1% 15.2% 76.82%
2022 -3.3% -17.3% -1.3% 10.02%
2021 -0.1% -2.7% 7.7% 52.87%
2020 3.7% -4.4% 14.5% 66.27%
2019 4.0% 0.6% 12.6% 77.13%

NAV & Total Return History

FTIAX - Holdings

Concentration Analysis

FTIAX Category Low Category High FTIAX % Rank
Net Assets 1.26 B 14.5 K 57.3 B 50.00%
Number of Holdings 390 2 9251 49.82%
Net Assets in Top 10 148 M 1.16 M 6.6 B 60.11%
Weighting of Top 10 11.92% 1.8% 108.7% 79.42%

Top 10 Holdings

  1. FED HIGH YLD BOND PORT 1.80%
  2. United States Treasury Note/Bond 1.63%
  3. United States Treasury Note/Bond 1.63%
  4. Federated Institutional Prime Value Obligations Fund 1.41%
  5. Santander Retail Auto Lease Trust 2017-A 1.11%
  6. Santander Retail Auto Lease Trust 2021-C 1.02%
  7. Fontainebleau Miami Beach Trust 2019-FBLU 0.94%
  8. United States Treasury Note/Bond 0.82%
  9. NextGear Floorplan Master Owner Trust 0.79%
  10. Nelnet Student Loan Trust 2021-D 0.78%

Asset Allocation

Weighting Return Low Return High FTIAX % Rank
Bonds 		50.78% 0.00% 130.68% 92.06%
Other 		46.11% -0.97% 72.36% 1.81%
Convertible Bonds 		4.14% 0.00% 27.71% 27.49%
Stocks 		3.27% 0.00% 103.64% 9.75%
Preferred Stocks 		0.00% 0.00% 22.27% 73.65%
Cash 		0.00% -20.59% 62.18% 99.28%

Stock Sector Breakdown

Weighting Return Low Return High FTIAX % Rank
Energy 		100.00% 0.00% 100.00% 23.81%
Utilities 		0.00% 0.00% 81.48% 87.30%
Technology 		0.00% 0.00% 24.45% 85.71%
Real Estate 		0.00% 0.00% 8.31% 87.30%
Industrials 		0.00% 0.00% 100.00% 88.89%
Healthcare 		0.00% 0.00% 23.11% 85.71%
Financial Services 		0.00% 0.00% 100.00% 90.48%
Communication Services 		0.00% 0.00% 65.64% 88.89%
Consumer Defense 		0.00% 0.00% 21.37% 85.71%
Consumer Cyclical 		0.00% 0.00% 10.75% 87.30%
Basic Materials 		0.00% 0.00% 22.71% 88.89%

Stock Geographic Breakdown

Weighting Return Low Return High FTIAX % Rank
US 		3.27% 0.00% 103.64% 9.75%
Non US 		0.00% 0.00% 0.02% 72.02%

Bond Sector Breakdown

Weighting Return Low Return High FTIAX % Rank
Corporate 		51.04% 0.00% 100.00% 30.02%
Securitized 		47.22% 0.00% 97.27% 11.57%
Derivative 		0.14% -0.55% 28.01% 26.17%
Cash & Equivalents 		0.00% 0.00% 62.18% 96.21%
Municipal 		0.00% 0.00% 17.46% 87.16%
Government 		0.00% 0.00% 73.63% 99.10%

Bond Geographic Breakdown

Weighting Return Low Return High FTIAX % Rank
US 		50.78% 0.00% 130.68% 90.97%
Non US 		0.00% 0.00% 83.16% 77.62%

FTIAX - Expenses

Operational Fees

FTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.01% 3.24% 50.46%
Management Fee 0.29% 0.00% 1.19% 38.81%
12b-1 Fee 0.00% 0.00% 1.00% 12.20%
Administrative Fee 0.10% 0.01% 0.50% 62.45%

Sales Fees

FTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.00% 0.50% 5.75% 96.25%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

FTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 2.00% 500.00% 8.66%

FTIAX - Distributions

Dividend Yield Analysis

FTIAX Category Low Category High FTIAX % Rank
Dividend Yield 3.88% 0.00% 10.76% 83.57%

Dividend Distribution Analysis

FTIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTIAX Category Low Category High FTIAX % Rank
Net Income Ratio 1.23% -1.27% 4.98% 46.68%

Capital Gain Distribution Analysis

FTIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FTIAX - Fund Manager Analysis

Managers

Randall Bauer

Start Date

Tenure

Tenure Rank

Oct 01, 1995

26.68

26.7%

Randall S. Bauer, CFA is a Senior Vice President, Senior Portfolio Manager and Head of Structured Products Group for Federated. Mr. Bauer is responsible for management and administration of structured product portfolios, as well as portfolio management of products with investment concentrations in investment-grade and short duration securities. Mr. Bauer has over 34 years of investment experience. Prior to joining Federated, he worked in the Credit Policy and International Banking Divisions at PNC Bank Corp. Mr. Bauer holds a B.A. from the University of Pennsylvania and an M.B.A. in Finance from the Pennsylvania State University. He is a Chartered Financial Analyst.

Nicholas Tripodes

Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Mr. Tripodes is responsible for providing research and advice on sector allocation and security selection. He has been with Federated since 1993. He holds a B.S. degree from Carnegie Mellon University and an M.B.A. from University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.14 2.41

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