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Federated Hermes Strategic Income Fund (STIAX)

8.28
+0.02
+(0.24%)
At close: 8:08:58 AM EDT

Fund Summary

The fund's advisor 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, corporate and municipal), domestic noninvestment-grade (including, but not limited to, corporate debt issues, MBS and municipal securities) and foreign investments. In addition, when the Adviser considers the risk/return prospects of equity securities to be attractive, it may also opportunistically invest up to 20% of its assets in equity securities.

Federated Hermes Strategic Income Fund

Pittsburgh, PA 15222-3779
5800 Corporate Drive

Fund Overview

Category Multisector Bond
Fund Family Federated
Net Assets 573.01M
YTD Return 2.64%
Yield 4.67%
Morningstar Rating
Inception Date May 04, 1994

Fund Operations

Last Dividend 0.08
Last Cap Gain -44.00
Holdings Turnover 14.00%
Average for Category --

Fees & Expenses

Expense STIAX Category Average
Annual Report Expense Ratio (net) 0.96% 0.97%
Prospectus Net Expense Ratio 0.96% --
Prospectus Gross Expense Ratio 1.09% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.78%
Max Deferred Sales Load -- 1.15%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Donald T. Ellenberger, Lead Manager since April 22, 2016
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.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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