Federated Hermes Floating Rate Strat Inc Fund (FFRSX)
The fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic noninvestment-grade (also known as "junk bonds"), and foreign (in both emerging and developed markets). Under normal market conditions it will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three (+3) years, in order to manage Share price volatility due to interest rate risk.
Fund Info
| ISIN | US31420C6701 |
|---|---|
| CUSIP | 31420C670 |
| Issuer | Federated |
| Inception Date | Dec 2, 2010 |
| Category | Bank Loan |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
FFRSX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Floating Rate Strat Inc Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Floating Rate Strat Inc Fund had a return of 3.46% year-to-date (YTD) and 9.78% in the last 12 months. Over the past 10 years, Federated Hermes Floating Rate Strat Inc Fund had an annualized return of 3.14%, while the S&P 500 had an annualized return of 10.71%, indicating that Federated Hermes Floating Rate Strat Inc Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.46% | 8.76% |
| 1 month | 0.72% | -0.28% |
| 6 months | 4.55% | 18.36% |
| 1 year | 9.78% | 25.94% |
| 5 years (annualized) | 2.81% | 12.51% |
| 10 years (annualized) | 3.14% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.05% | 0.82% | 0.23% | 1.09% | ||||||||
| 2023 | 0.98% | 0.93% | 0.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FFRSX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FFRSX (Federated Hermes Floating Rate Strat Inc Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Floating Rate Strat Inc Fund (FFRSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Floating Rate Strat Inc Fund granted a 8.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.71 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.72 | $0.47 | $0.32 | $0.32 | $0.45 | $0.42 | $0.37 | $0.38 | $0.36 | $0.36 | $0.38 |
Dividend yield | 8.10% | 8.30% | 5.47% | 3.40% | 3.35% | 4.62% | 4.40% | 3.70% | 3.76% | 3.71% | 3.63% | 3.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Floating Rate Strat Inc Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.05 | $0.05 | $0.05 | ||||||||
| 2023 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Floating Rate Strat Inc Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Floating Rate Strat Inc Fund was 17.13%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.13% | Jan 24, 2020 | 41 | Mar 23, 2020 | 197 | Dec 31, 2020 | 238 |
| -6.7% | Jan 19, 2022 | 117 | Jul 6, 2022 | 271 | Jul 31, 2023 | 388 |
| -4.39% | Aug 1, 2011 | 20 | Aug 26, 2011 | 87 | Dec 30, 2011 | 107 |
| -3.21% | Oct 9, 2018 | 55 | Dec 27, 2018 | 38 | Feb 22, 2019 | 93 |
| -3.1% | Aug 3, 2015 | 142 | Feb 24, 2016 | 37 | Apr 18, 2016 | 179 |
Volatility
Volatility Chart
The current Federated Hermes Floating Rate Strat Inc Fund volatility is 1.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.