Federated Hermes Short-Term Income Fund (FSTIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes Short-Term Income Fund (FSTIX) is up 0.9% since the beginning of the year. FSTIX is currently trading at $8 per share. Investors who bought $1,000 worth of FSTIX shares 5 years ago would now be looking at an investment worth $1,120.

Federated Hermes Short-Term Income Fund (FSTIX) has returned 0.91% so far this year and 4.49% over the past 12 months. Over the last ten years, FSTIX has returned 2.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jun 30, 1986, FSTIX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 73% of months were positive and 27% were negative. The best month was Mar 1991 with a return of +3.4%, while the worst month was Mar 2020 at -2.7%. The longest winning streak lasted 32 consecutive months, and the longest losing streak was 11 months.

On a daily basis, FSTIX closed higher 24% of trading days. The best single day was Jan 2, 1990 with a return of +1.1%, while the worst single day was Mar 18, 2020 at -1.3%.

Federated Hermes Short-Term Income Fund has an annualized alpha of 3.31%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 01, 1986.

• This fund captured 8.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.44%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FSTIX has an expense ratio of 0.66%, placing it in the medium range.

FSTIX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Federated Hermes Short-Term Income Fund (FSTIX) and compare them to S&P 500 Index.

Federated Hermes Short-Term Income Fund provided a 4.52% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Short-Term Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Short-Term Income 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 Short-Term Income Fund was 7.59%, occurring on Nov 28, 1989. Recovery took 332 trading sessions.

The chart below shows the rolling one-month volatility.