Federated Hermes Strategic Income Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.9%
1 yr return
5.9%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
1.9%
Net Assets
$612 M
Holdings in Top 10
88.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 50.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
STISX - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.82%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Strategic Income Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJan 28, 2008
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDonald Ellenberger
Fund Description
STISX - Performance
Return Ranking - Trailing
Period | STISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -13.8% | 8.2% | 77.17% |
1 Yr | 5.9% | -12.4% | 23.7% | 33.54% |
3 Yr | -1.4%* | -17.8% | 18.2% | 73.13% |
5 Yr | 1.9%* | -13.6% | 14.9% | 50.19% |
10 Yr | 2.8%* | -13.6% | 6.5% | 28.19% |
* Annualized
Return Ranking - Calendar
Period | STISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -12.0% | 15.7% | 20.78% |
2022 | -17.5% | -31.8% | 18.4% | 86.80% |
2021 | 0.2% | -26.6% | 25.7% | 18.23% |
2020 | 2.6% | -49.2% | 18.7% | 41.74% |
2019 | 9.0% | -35.1% | 15.3% | 5.73% |
Total Return Ranking - Trailing
Period | STISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -13.8% | 8.2% | 77.17% |
1 Yr | 5.9% | -12.4% | 23.7% | 33.54% |
3 Yr | -1.4%* | -17.8% | 18.2% | 73.13% |
5 Yr | 1.9%* | -13.6% | 14.9% | 50.19% |
10 Yr | 2.8%* | -13.6% | 6.5% | 28.19% |
* Annualized
Total Return Ranking - Calendar
Period | STISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.7% | -7.0% | 22.2% | 23.57% |
2022 | -13.5% | -31.8% | 21.1% | 90.30% |
2021 | 4.0% | -13.5% | 49.9% | 17.41% |
2020 | 6.6% | -28.6% | 24.1% | 38.72% |
2019 | 13.2% | -4.8% | 19.1% | 8.59% |
NAV & Total Return History
STISX - Holdings
Concentration Analysis
STISX | Category Low | Category High | STISX % Rank | |
---|---|---|---|---|
Net Assets | 612 M | 2.53 M | 143 B | 51.32% |
Number of Holdings | 281 | 4 | 9868 | 67.12% |
Net Assets in Top 10 | 544 M | -1.57 B | 65.8 B | 30.59% |
Weighting of Top 10 | 88.82% | 0.7% | 170.6% | 8.98% |
Top 10 Holdings
- FED HIGH YLD BOND PORT 37.31%
- FEDERATED CORE TR MUTUAL FUND 24.17%
- FEDERATED CORE TR MTG CORE PORTFOLIO 18.52%
- U.S. Treasury Notes 1.63%
- Fannie Mae Pool 1.34%
- U.S. Treasury Notes 1.30%
- Freddie Mac Pool 1.16%
- Freddie Mac Pool 1.16%
- Fannie Mae Pool 1.12%
- Federated Institutional Prime Value Obligations Fund 1.10%
Asset Allocation
Weighting | Return Low | Return High | STISX % Rank | |
---|---|---|---|---|
Stocks | 83.62% | -1.60% | 99.88% | 7.31% |
Bonds | 14.94% | -150.81% | 203.29% | 89.50% |
Other | 1.09% | -62.91% | 100.00% | 58.90% |
Convertible Bonds | 0.40% | 0.00% | 33.50% | 68.75% |
Cash | 0.35% | -94.66% | 258.91% | 69.41% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 97.26% |
Stock Sector Breakdown
Weighting | Return Low | Return High | STISX % Rank | |
---|---|---|---|---|
Communication Services | 22.75% | 0.00% | 100.00% | 12.36% |
Consumer Cyclical | 20.26% | 0.00% | 89.95% | 7.58% |
Basic Materials | 13.66% | 0.00% | 100.00% | 6.74% |
Technology | 11.35% | 0.00% | 28.30% | 18.82% |
Utilities | 9.14% | 0.00% | 100.00% | 17.70% |
Industrials | 8.56% | 0.00% | 100.00% | 25.00% |
Energy | 6.35% | 0.00% | 100.00% | 53.65% |
Healthcare | 3.58% | 0.00% | 18.60% | 23.31% |
Consumer Defense | 2.33% | 0.00% | 99.97% | 27.53% |
Financial Services | 1.57% | 0.00% | 100.00% | 53.93% |
Real Estate | 0.45% | 0.00% | 100.00% | 42.70% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | STISX % Rank | |
---|---|---|---|---|
US | 83.62% | -1.47% | 99.88% | 7.31% |
Non US | 0.00% | -0.13% | 17.73% | 96.04% |
Bond Sector Breakdown
Weighting | Return Low | Return High | STISX % Rank | |
---|---|---|---|---|
Corporate | 56.42% | 0.00% | 96.66% | 28.41% |
Government | 17.02% | 0.00% | 99.43% | 38.15% |
Securitized | 16.41% | 0.00% | 99.65% | 53.69% |
Cash & Equivalents | 0.00% | 0.00% | 88.14% | 69.47% |
Municipal | 0.00% | 0.00% | 54.26% | 97.49% |
Derivative | -0.25% | -62.91% | 37.37% | 62.29% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | STISX % Rank | |
---|---|---|---|---|
US | 14.94% | -151.11% | 203.29% | 87.37% |
Non US | 0.00% | 0.00% | 67.77% | 98.33% |
STISX - Expenses
Operational Fees
STISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.86% | 0.01% | 20.67% | 70.41% |
Management Fee | 0.55% | 0.00% | 2.29% | 38.97% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | 51.45% |
Sales Fees
STISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
STISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
STISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 50.00% | 0.00% | 632.00% | 22.43% |
STISX - Distributions
Dividend Yield Analysis
STISX | Category Low | Category High | STISX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.20% | 0.00% | 23.30% | 43.59% |
Dividend Distribution Analysis
STISX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
STISX | Category Low | Category High | STISX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.82% | -1.55% | 11.51% | 21.17% |
Capital Gain Distribution Analysis
STISX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 16, 2024 | $0.028 | OrdinaryDividend |
Mar 14, 2024 | $0.028 | OrdinaryDividend |
Feb 14, 2024 | $0.031 | OrdinaryDividend |
Jan 17, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.076 | OrdinaryDividend |
Dec 01, 2023 | $0.037 | OrdinaryDividend |
Oct 16, 2023 | $0.034 | OrdinaryDividend |
Sep 14, 2023 | $0.031 | OrdinaryDividend |
Aug 15, 2023 | $0.030 | OrdinaryDividend |
Jul 14, 2023 | $0.030 | OrdinaryDividend |
Jun 14, 2023 | $0.029 | OrdinaryDividend |
May 16, 2023 | $0.028 | OrdinaryDividend |
Apr 14, 2023 | $0.029 | OrdinaryDividend |
Mar 14, 2023 | $0.028 | OrdinaryDividend |
Feb 14, 2023 | $0.031 | OrdinaryDividend |
Jan 17, 2023 | $0.027 | OrdinaryDividend |
Dec 30, 2022 | $0.063 | OrdinaryDividend |
Dec 01, 2022 | $0.035 | OrdinaryDividend |
Oct 20, 2022 | $0.030 | OrdinaryDividend |
Sep 20, 2022 | $0.031 | OrdinaryDividend |
Aug 22, 2022 | $0.031 | OrdinaryDividend |
Jul 20, 2022 | $0.031 | OrdinaryDividend |
Jun 22, 2022 | $0.028 | OrdinaryDividend |
May 20, 2022 | $0.027 | OrdinaryDividend |
Apr 20, 2022 | $0.029 | OrdinaryDividend |
Mar 22, 2022 | $0.029 | OrdinaryDividend |
Feb 23, 2022 | $0.028 | OrdinaryDividend |
Jan 20, 2022 | $0.026 | OrdinaryDividend |
Dec 31, 2021 | $0.054 | OrdinaryDividend |
Dec 01, 2021 | $0.030 | OrdinaryDividend |
Oct 20, 2021 | $0.026 | OrdinaryDividend |
Sep 21, 2021 | $0.025 | OrdinaryDividend |
Aug 20, 2021 | $0.026 | OrdinaryDividend |
Jul 20, 2021 | $0.027 | OrdinaryDividend |
Jun 22, 2021 | $0.027 | OrdinaryDividend |
May 20, 2021 | $0.026 | OrdinaryDividend |
Apr 20, 2021 | $0.028 | OrdinaryDividend |
Mar 22, 2021 | $0.026 | OrdinaryDividend |
Feb 22, 2021 | $0.026 | OrdinaryDividend |
Jan 20, 2021 | $0.026 | OrdinaryDividend |
Dec 31, 2020 | $0.076 | OrdinaryDividend |
Dec 01, 2020 | $0.027 | OrdinaryDividend |
Oct 20, 2020 | $0.034 | OrdinaryDividend |
Sep 22, 2020 | $0.035 | OrdinaryDividend |
Aug 20, 2020 | $0.035 | OrdinaryDividend |
Jul 21, 2020 | $0.005 | OrdinaryDividend |
Jun 22, 2020 | $0.014 | OrdinaryDividend |
May 20, 2020 | $0.020 | OrdinaryDividend |
Apr 21, 2020 | $0.021 | OrdinaryDividend |
Mar 20, 2020 | $0.025 | OrdinaryDividend |
Feb 20, 2020 | $0.025 | OrdinaryDividend |
Jan 22, 2020 | $0.025 | OrdinaryDividend |
Dec 31, 2019 | $0.051 | OrdinaryDividend |
Dec 02, 2019 | $0.027 | OrdinaryDividend |
Oct 22, 2019 | $0.017 | OrdinaryDividend |
Sep 20, 2019 | $0.021 | OrdinaryDividend |
Aug 20, 2019 | $0.025 | OrdinaryDividend |
Jul 22, 2019 | $0.026 | OrdinaryDividend |
Jun 20, 2019 | $0.026 | OrdinaryDividend |
May 21, 2019 | $0.028 | OrdinaryDividend |
Apr 23, 2019 | $0.028 | OrdinaryDividend |
Mar 20, 2019 | $0.029 | OrdinaryDividend |
Feb 20, 2019 | $0.030 | OrdinaryDividend |
Jan 23, 2019 | $0.029 | OrdinaryDividend |
Dec 31, 2018 | $0.084 | OrdinaryDividend |
Dec 03, 2018 | $0.034 | OrdinaryDividend |
Oct 22, 2018 | $0.034 | OrdinaryDividend |
Sep 20, 2018 | $0.021 | OrdinaryDividend |
Aug 21, 2018 | $0.024 | OrdinaryDividend |
Jul 20, 2018 | $0.026 | OrdinaryDividend |
Jun 20, 2018 | $0.026 | OrdinaryDividend |
May 22, 2018 | $0.028 | OrdinaryDividend |
Apr 20, 2018 | $0.028 | OrdinaryDividend |
Mar 20, 2018 | $0.027 | OrdinaryDividend |
Feb 21, 2018 | $0.025 | OrdinaryDividend |
Jan 22, 2018 | $0.030 | OrdinaryDividend |
Dec 29, 2017 | $0.068 | OrdinaryDividend |
Dec 01, 2017 | $0.033 | OrdinaryDividend |
Oct 20, 2017 | $0.031 | OrdinaryDividend |
Sep 20, 2017 | $0.026 | OrdinaryDividend |
Aug 22, 2017 | $0.030 | OrdinaryDividend |
Jul 20, 2017 | $0.029 | OrdinaryDividend |
Jun 20, 2017 | $0.029 | OrdinaryDividend |
May 22, 2017 | $0.028 | OrdinaryDividend |
Apr 20, 2017 | $0.029 | OrdinaryDividend |
Mar 21, 2017 | $0.030 | OrdinaryDividend |
Feb 22, 2017 | $0.028 | OrdinaryDividend |
Jan 20, 2017 | $0.030 | OrdinaryDividend |
Dec 30, 2016 | $0.083 | OrdinaryDividend |
Dec 01, 2016 | $0.031 | OrdinaryDividend |
Oct 20, 2016 | $0.027 | OrdinaryDividend |
Sep 20, 2016 | $0.020 | OrdinaryDividend |
Aug 22, 2016 | $0.028 | OrdinaryDividend |
Jul 20, 2016 | $0.030 | OrdinaryDividend |
Jun 21, 2016 | $0.029 | OrdinaryDividend |
May 20, 2016 | $0.029 | OrdinaryDividend |
Apr 20, 2016 | $0.029 | OrdinaryDividend |
Mar 22, 2016 | $0.029 | OrdinaryDividend |
Feb 22, 2016 | $0.030 | OrdinaryDividend |
Jan 20, 2016 | $0.028 | OrdinaryDividend |
Dec 31, 2015 | $0.054 | OrdinaryDividend |
Dec 01, 2015 | $0.031 | OrdinaryDividend |
Oct 20, 2015 | $0.023 | OrdinaryDividend |
Sep 22, 2015 | $0.026 | OrdinaryDividend |
Aug 20, 2015 | $0.025 | OrdinaryDividend |
Jul 21, 2015 | $0.025 | OrdinaryDividend |
Jun 22, 2015 | $0.025 | OrdinaryDividend |
May 20, 2015 | $0.026 | OrdinaryDividend |
Apr 21, 2015 | $0.027 | OrdinaryDividend |
Mar 20, 2015 | $0.027 | OrdinaryDividend |
Feb 20, 2015 | $0.027 | OrdinaryDividend |
Jan 21, 2015 | $0.027 | OrdinaryDividend |
Dec 31, 2014 | $0.051 | OrdinaryDividend |
Dec 01, 2014 | $0.034 | OrdinaryDividend |
Oct 21, 2014 | $0.024 | OrdinaryDividend |
Sep 22, 2014 | $0.025 | OrdinaryDividend |
Aug 20, 2014 | $0.028 | OrdinaryDividend |
Jul 22, 2014 | $0.034 | OrdinaryDividend |
Jun 20, 2014 | $0.031 | OrdinaryDividend |
May 20, 2014 | $0.032 | OrdinaryDividend |
Apr 22, 2014 | $0.030 | OrdinaryDividend |
Mar 20, 2014 | $0.031 | OrdinaryDividend |
Feb 20, 2014 | $0.031 | OrdinaryDividend |
Jan 22, 2014 | $0.031 | OrdinaryDividend |
Dec 31, 2013 | $0.084 | OrdinaryDividend |
Dec 02, 2013 | $0.037 | OrdinaryDividend |
Oct 22, 2013 | $0.034 | OrdinaryDividend |
Sep 20, 2013 | $0.018 | OrdinaryDividend |
Aug 20, 2013 | $0.018 | OrdinaryDividend |
Jul 22, 2013 | $0.024 | OrdinaryDividend |
Jun 20, 2013 | $0.030 | OrdinaryDividend |
May 21, 2013 | $0.032 | OrdinaryDividend |
Apr 22, 2013 | $0.030 | OrdinaryDividend |
Mar 20, 2013 | $0.033 | OrdinaryDividend |
Feb 20, 2013 | $0.031 | OrdinaryDividend |
Jan 23, 2013 | $0.034 | OrdinaryDividend |
Dec 31, 2012 | $0.073 | OrdinaryDividend |
Dec 03, 2012 | $0.043 | OrdinaryDividend |
Oct 22, 2012 | $0.036 | OrdinaryDividend |
Sep 20, 2012 | $0.033 | OrdinaryDividend |
Aug 21, 2012 | $0.040 | OrdinaryDividend |
Jul 20, 2012 | $0.042 | OrdinaryDividend |
Jun 20, 2012 | $0.047 | OrdinaryDividend |
May 22, 2012 | $0.040 | OrdinaryDividend |
Apr 20, 2012 | $0.039 | OrdinaryDividend |
Mar 20, 2012 | $0.041 | OrdinaryDividend |
Feb 22, 2012 | $0.040 | OrdinaryDividend |
Jan 20, 2012 | $0.037 | OrdinaryDividend |
Dec 30, 2011 | $0.073 | OrdinaryDividend |
Dec 01, 2011 | $0.043 | OrdinaryDividend |
Oct 20, 2011 | $0.047 | OrdinaryDividend |
Sep 20, 2011 | $0.043 | OrdinaryDividend |
Aug 22, 2011 | $0.044 | OrdinaryDividend |
Jul 20, 2011 | $0.044 | OrdinaryDividend |
Jun 21, 2011 | $0.047 | OrdinaryDividend |
May 20, 2011 | $0.042 | OrdinaryDividend |
Apr 20, 2011 | $0.045 | OrdinaryDividend |
Mar 22, 2011 | $0.040 | OrdinaryDividend |
Feb 23, 2011 | $0.043 | OrdinaryDividend |
Jan 20, 2011 | $0.041 | OrdinaryDividend |
Dec 28, 2010 | $0.089 | OrdinaryDividend |
Dec 01, 2010 | $0.052 | OrdinaryDividend |
Oct 20, 2010 | $0.052 | OrdinaryDividend |
Sep 21, 2010 | $0.049 | OrdinaryDividend |
Aug 20, 2010 | $0.049 | OrdinaryDividend |
Jul 20, 2010 | $0.047 | OrdinaryDividend |
Jun 22, 2010 | $0.047 | OrdinaryDividend |
May 20, 2010 | $0.046 | OrdinaryDividend |
Apr 20, 2010 | $0.045 | OrdinaryDividend |
Mar 22, 2010 | $0.043 | OrdinaryDividend |
Feb 22, 2010 | $0.040 | OrdinaryDividend |
Jan 20, 2010 | $0.042 | OrdinaryDividend |
Dec 28, 2009 | $0.062 | OrdinaryDividend |
Dec 01, 2009 | $0.045 | OrdinaryDividend |
Oct 20, 2009 | $0.045 | OrdinaryDividend |
Sep 22, 2009 | $0.043 | OrdinaryDividend |
Aug 20, 2009 | $0.041 | OrdinaryDividend |
Jul 21, 2009 | $0.040 | OrdinaryDividend |
Jun 22, 2009 | $0.040 | OrdinaryDividend |
May 20, 2009 | $0.039 | OrdinaryDividend |
Apr 21, 2009 | $0.043 | OrdinaryDividend |
Mar 20, 2009 | $0.045 | OrdinaryDividend |
Feb 20, 2009 | $0.043 | OrdinaryDividend |
Jan 21, 2009 | $0.048 | OrdinaryDividend |
Dec 26, 2008 | $0.115 | OrdinaryDividend |
Dec 01, 2008 | $0.054 | OrdinaryDividend |
Oct 21, 2008 | $0.047 | OrdinaryDividend |
Sep 22, 2008 | $0.041 | OrdinaryDividend |
Aug 20, 2008 | $0.042 | OrdinaryDividend |
Jul 22, 2008 | $0.042 | OrdinaryDividend |
Jun 20, 2008 | $0.045 | OrdinaryDividend |
May 20, 2008 | $0.045 | OrdinaryDividend |
Apr 22, 2008 | $0.044 | OrdinaryDividend |
Mar 20, 2008 | $0.043 | OrdinaryDividend |
Feb 20, 2008 | $0.039 | OrdinaryDividend |
STISX - Fund Manager Analysis
Managers
Donald Ellenberger
Start Date
Tenure
Tenure Rank
Apr 22, 2016
6.11
6.1%
Donald T. Ellenberger is a Senior Portfolio Manager, Head of Multi-Sector Strategies Group and Chairman of the Yield Curve Strategy Committee. He is focusing on asset allocation, interest rate strategy and security selection. He has been with Federated since 1996; has worked in investment management since 1987. Education: B.A., The Pennsylvania State University; M.B.A., Stanford University.
Nathan Kehm
Start Date
Tenure
Tenure Rank
Jan 31, 2018
4.33
4.3%
Nathan H. Kehm, CFA, Vice President, Senior Portfolio Manager. He is responsible for portfolio management and research in the fixed income area concentrating on domestic high yield securities and structured products. He has been with Federated since 1997; has worked in investment management since 1989; has managed investment portfolios since 2001. Previous association: Assistant Vice President, Corporate Banking, Mellon Bank. B.S., John Carroll University; M.B.A. University of Pittsburgh. Professional affiliation: Member, CFA Society of Pittsburgh. .
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |