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Trending ETFs

Federated Hermes Strategic Income Fund

mutual fund
STIAX
Payout Change
Pending
Price as of:
$8.24 +0.01 +0.12%
primary theme
Bond Sector Diversified
share class
F (STFSX) A (STIAX) C (SINCX) R6 (STILX) Instl (STISX)
STIAX (Mutual Fund)

Federated Hermes Strategic Income Fund

Payout Change
Pending
Price as of:
$8.24 +0.01 +0.12%
primary theme
Bond Sector Diversified
share class
F (STFSX) A (STIAX) C (SINCX) R6 (STILX) Instl (STISX)
STIAX (Mutual Fund)

Federated Hermes Strategic Income Fund

Payout Change
Pending
Price as of:
$8.24 +0.01 +0.12%
primary theme
Bond Sector Diversified
share class
F (STFSX) A (STIAX) C (SINCX) R6 (STILX) Instl (STISX)

Name

As of 12/24/2024

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 Strategic Income Fund

STIAX | Fund

$8.24

$612 M

4.64%

$0.38

1.10%

Vitals

YTD Return

5.4%

1 yr return

5.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.9%

Net Assets

$612 M

Holdings in Top 10

86.0%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 50.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

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 Strategic Income Fund

STIAX | Fund

$8.24

$612 M

4.64%

$0.38

1.10%

STIAX - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Strategic Income Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Feb 02, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Donald Ellenberger

Fund Description

The Fund allocates the portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade (including, but not limited to, U.S. government, asset-backed, mortgage-backed (MBS), corporate and municipal), domestic noninvestment-grade (including, but not limited to, corporate debt issues (also known as junk bonds and leveraged loans), MBS and municipal securities) and foreign investments (both investment-grade and noninvestment-grade, including, but not limited to, government and corporate investments traded in both emerging and developed markets, and trade finance). Based upon historical returns, the Fund’s investment adviser (the “Adviser”) expects the three categories of investments to have different returns and risks under similar market conditions. The Adviser relies on the differences in the expected performance of each category to manage risks by allocating the Fund’s portfolio among the three categories. The Adviser seeks to enhance the Fund’s performance by allocating more of its portfolio to the category that the Adviser expects to offer the best balance between risk and return. While the Fund’s portfolio usually includes securities from all three categories, the Fund limits the amount that it may invest in a single category up to 60% of its assets, except for the domestic investment-grade category, in which the Fund may invest up to 75% of its assets.In addition, when the Adviser considers the risk/return prospects of equity securities to be attractive, the Fund may also opportunistically invest up to 20% of its assets in equity securities of all market capitalizations, including small capitalization companies. These equity securities may include common stocks, preferred stocks, warrants, convertible securities, and pooled investment vehicles such as exchange-traded funds (ETFs) or other investment companies. Pooled vehicles may be utilized in order to gain broad exposure to the equity market.When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (“Underlying Funds”). At times, the Fund’s investment in Underlying Funds may be a substantial portion of the Fund’s portfolio. The Fund may also invest in derivative contracts or hybrid instruments (such as, for example, futures contracts, option contracts, currency derivatives and swap contracts) to implement its investment strategies as more fully described herein. 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 Adviser may invest in bonds of any maturity. The Fund may at times use derivative securities to take a position on interest rate moves, credit market moves, equity market moves and currency moves.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, to a limited extent, in government securities that are issued by entities whose activities are sponsored by the federal government but that have no explicit financial support.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 in fixed-income investments.
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STIAX - Performance

Return Ranking - Trailing

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -12.8% 18.9% 60.37%
1 Yr 5.7% -13.9% 19.8% 58.98%
3 Yr -0.1%* -17.4% 13.4% 78.89%
5 Yr 1.9%* -15.3% 13.3% 61.43%
10 Yr 3.1%* -7.1% 6.9% 36.68%

* Annualized

Return Ranking - Calendar

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -12.0% 8.9% 19.63%
2022 -17.5% -31.8% 18.4% 87.00%
2021 0.2% -16.2% 25.7% 20.49%
2020 2.7% -31.1% 18.7% 38.68%
2019 8.9% -6.1% 15.3% 6.36%

Total Return Ranking - Trailing

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -12.8% 18.9% 60.37%
1 Yr 5.7% -13.9% 19.8% 58.98%
3 Yr -0.1%* -17.4% 13.4% 78.89%
5 Yr 1.9%* -15.3% 13.3% 61.43%
10 Yr 3.1%* -7.1% 6.9% 36.68%

* Annualized

Total Return Ranking - Calendar

Period STIAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -6.9% 22.2% 30.14%
2022 -13.8% -31.8% 21.1% 93.03%
2021 3.6% -13.5% 49.9% 24.10%
2020 6.4% -28.6% 24.1% 41.53%
2019 12.7% -4.8% 19.1% 10.02%

NAV & Total Return History

STIAX - Holdings

Concentration Analysis

STIAX Category Low Category High STIAX % Rank
Net Assets 612 M 2.63 M 143 B 54.46%
Number of Holdings 283 4 9638 66.61%
Net Assets in Top 10 509 M -204 M 89.4 B 31.98%
Weighting of Top 10 86.03% 5.8% 265.8% 9.12%

Top 10 Holdings

  1. FED HIGH YLD BOND PORT 35.65%
  2. FEDERATED CORE TR MUTUAL FUND 23.54%
  3. FEDERATED CORE TR MTG CORE PORTFOLIO 17.18%
  4. U.S. Treasury Notes 1.70%
  5. U.S. Treasury Notes 1.63%
  6. Fannie Mae Pool 1.40%
  7. U.S. Treasury Notes 1.35%
  8. Freddie Mac Pool 1.21%
  9. Freddie Mac Pool 1.21%
  10. Fannie Mae Pool 1.16%

Asset Allocation

Weighting Return Low Return High STIAX % Rank
Stocks 		78.56% -6.18% 99.68% 7.02%
Bonds 		18.59% 0.00% 199.60% 88.92%
Cash 		1.65% -94.66% 99.97% 70.20%
Other 		1.20% -75.22% 147.15% 61.93%
Convertible Bonds 		0.40% 0.00% 33.50% 67.95%
Preferred Stocks 		0.00% 0.00% 21.58% 96.72%

Stock Sector Breakdown

Weighting Return Low Return High STIAX % Rank
Communication Services 		22.75% 0.00% 100.00% 12.17%
Consumer Cyclical 		20.26% 0.00% 89.95% 6.96%
Basic Materials 		13.66% 0.00% 100.00% 6.38%
Technology 		11.35% 0.00% 28.30% 18.55%
Utilities 		9.14% 0.00% 100.00% 17.10%
Industrials 		8.56% 0.00% 100.00% 24.93%
Energy 		6.35% 0.00% 100.00% 52.17%
Healthcare 		3.58% 0.00% 18.60% 23.19%
Consumer Defense 		2.33% 0.00% 99.97% 27.54%
Financial Services 		1.57% 0.00% 100.00% 53.04%
Real Estate 		0.45% 0.00% 100.00% 42.32%

Stock Geographic Breakdown

Weighting Return Low Return High STIAX % Rank
US 		78.56% -6.18% 99.68% 7.02%
Non US 		0.00% -0.30% 17.73% 95.16%

Bond Sector Breakdown

Weighting Return Low Return High STIAX % Rank
Corporate 		56.42% 0.00% 96.66% 27.86%
Government 		17.02% 0.00% 99.43% 37.84%
Securitized 		16.41% 0.00% 99.65% 53.78%
Cash & Equivalents 		0.99% 0.00% 94.89% 73.87%
Municipal 		0.00% 0.00% 54.26% 97.10%
Derivative 		-0.12% -75.22% 147.15% 78.56%

Bond Geographic Breakdown

Weighting Return Low Return High STIAX % Rank
US 		18.15% 0.00% 199.60% 87.21%
Non US 		0.44% 0.00% 76.68% 64.59%

STIAX - Expenses

Operational Fees

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.03% 34.13% 53.97%
Management Fee 0.55% 0.00% 2.29% 41.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.00% 0.70% 83.57%

Sales Fees

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 5.75% 25.42%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

STIAX 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.

STIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 0.00% 632.00% 22.26%

STIAX - Distributions

Dividend Yield Analysis

STIAX Category Low Category High STIAX % Rank
Dividend Yield 4.64% 0.00% 23.30% 55.64%

Dividend Distribution Analysis

STIAX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

STIAX Category Low Category High STIAX % Rank
Net Income Ratio 3.61% -1.55% 11.51% 26.15%

Capital Gain Distribution Analysis

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

Distributions History

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STIAX - 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 5.71 3.19

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