Federated Hermes Short-Term Income Fund (FSTIX)
The investment seeks to provide current income. In pursuing its principal investment strategies, the fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. At least 65% of the fund's securities must be rated A or higher by a nationally recognized statistical rating organization. The adviser seeks to enhance the fund's performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk.
Fund Info
US31420C2098
31420C209
Jul 1, 1986
$1,000,000
Expense Ratio
FSTIX features an expense ratio of 0.66%, falling within the medium range.
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 Short-Term Income 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 Short-Term Income Fund had a return of 0.38% year-to-date (YTD) and 5.78% in the last 12 months. Over the past 10 years, Federated Hermes Short-Term Income Fund had an annualized return of 1.90%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Short-Term Income Fund did not perform as well as the benchmark.
FSTIX
0.38%
0.50%
1.81%
5.78%
1.84%
1.90%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FSTIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.50% | 0.38% | |||||||||||
| 2024 | 0.82% | -0.30% | 0.36% | 0.06% | 0.84% | 0.24% | 1.69% | 0.47% | 1.11% | -0.44% | 0.12% | 0.52% | 5.61% |
| 2023 | 1.04% | -0.57% | 0.90% | 0.24% | -0.00% | -0.16% | 0.45% | 0.47% | -0.36% | 0.37% | 1.36% | 1.08% | 4.93% |
| 2022 | -0.51% | -0.39% | -1.09% | -0.71% | 0.16% | -0.51% | 0.48% | -0.51% | -0.97% | -0.23% | 0.64% | -0.12% | -3.72% |
| 2021 | -0.00% | -0.14% | -0.04% | 0.20% | 0.11% | 0.05% | 0.18% | 0.03% | -0.05% | -0.46% | -0.09% | -0.16% | -0.38% |
| 2020 | 0.64% | 0.52% | -2.73% | 1.69% | 0.84% | 0.61% | 0.59% | 0.35% | 0.11% | 0.10% | 0.33% | 0.33% | 3.40% |
| 2019 | 0.56% | 0.19% | 0.68% | 0.20% | 0.79% | 0.55% | 0.08% | 0.90% | -0.05% | 0.19% | -0.05% | 0.19% | 4.31% |
| 2018 | 0.05% | -0.07% | 0.06% | 0.18% | 0.19% | 0.19% | 0.08% | 0.32% | 0.07% | 0.08% | 0.07% | 0.20% | 1.44% |
| 2017 | 0.25% | 0.25% | 0.13% | 0.25% | 0.26% | 0.04% | 0.27% | 0.15% | 0.03% | 0.15% | -0.08% | 0.05% | 1.76% |
| 2016 | 0.25% | 0.00% | 0.35% | 0.23% | 0.11% | 0.59% | 0.12% | -0.01% | 0.24% | 0.00% | -0.35% | -0.00% | 1.52% |
| 2015 | 0.33% | -0.04% | 0.20% | 0.08% | -0.03% | -0.13% | 0.11% | -0.01% | -0.01% | 0.11% | -0.12% | -0.08% | 0.40% |
| 2014 | 0.34% | 0.08% | -0.04% | 0.20% | 0.34% | 0.10% | -0.13% | 0.10% | -0.01% | 0.12% | -0.00% | -0.16% | 0.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, FSTIX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Short-Term Income Fund (FSTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Short-Term Income Fund provided a 4.29% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.21 | $0.10 | $0.09 | $0.14 | $0.20 | $0.19 | $0.15 | $0.12 | $0.10 | $0.11 |
Dividend yield | 4.29% | 4.21% | 2.49% | 1.26% | 1.02% | 1.58% | 2.32% | 2.26% | 1.75% | 1.39% | 1.23% | 1.30% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 5.34%, occurring on Oct 19, 2022. Recovery took 298 trading sessions.
The current Federated Hermes Short-Term Income Fund drawdown is 0.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.34% | Aug 5, 2021 | 308 | Oct 19, 2022 | 298 | Dec 21, 2023 | 606 |
| -4.33% | Mar 3, 2008 | 186 | Nov 24, 2008 | 96 | Apr 15, 2009 | 282 |
| -4.15% | Mar 9, 2020 | 13 | Mar 25, 2020 | 67 | Jun 30, 2020 | 80 |
| -3.64% | Sep 17, 1990 | 34 | Nov 1, 1990 | 84 | Feb 27, 1991 | 118 |
| -2.02% | Jan 3, 1990 | 19 | Jan 29, 1990 | 44 | Mar 30, 1990 | 63 |
Volatility
Volatility Chart
The current Federated Hermes Short-Term Income Fund volatility is 0.56%, 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.