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Federated Hermes Short-Term Income Fund (FSTIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Federated Hermes Short-Term Income Fund (FSTIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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

ISIN

US31420C2098

CUSIP

31420C209

Issuer

Federated

Inception Date

Jul 1, 1986

Category

Short-Term Bond

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

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

Share Price Chart

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Compare to other instruments

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

Federated Hermes Short-Term Income Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Federated Hermes Short-Term Income Fund (FSTIX) returned 1.89% year-to-date (YTD) and 6.35% over the past 12 months. Over the past 10 years, FSTIX returned 2.07% annually, underperforming the S&P 500 benchmark at 10.84%.

FSTIX

YTD

1.89%

1M

0.15%

6M

2.54%

1Y

6.35%

3Y*

3.76%

5Y*

2.18%

10Y*

2.07%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.50%0.85%0.38%0.51%-0.35%1.89%
20240.82%-0.30%0.36%0.06%0.84%0.24%1.69%0.47%1.11%-0.44%0.12%0.52%5.61%
20231.04%-0.57%0.90%0.24%-0.00%-0.16%0.45%0.48%-0.36%0.37%1.36%1.09%4.93%
2022-0.51%-0.39%-1.09%-0.71%0.16%-0.52%0.48%-0.51%-0.97%-0.23%0.64%0.09%-3.52%
2021-0.00%-0.14%-0.04%0.20%0.12%0.04%0.18%0.03%-0.05%-0.46%-0.09%-0.07%-0.28%
20200.64%0.52%-2.73%1.69%0.85%0.61%0.59%0.35%0.11%0.10%0.33%0.41%3.48%
20190.56%0.19%0.68%0.20%0.79%0.55%0.08%0.90%-0.05%0.19%-0.05%0.19%4.31%
20180.05%-0.07%0.06%0.18%0.19%0.19%0.08%0.32%0.07%0.08%0.07%0.20%1.44%
20170.25%0.25%0.13%0.25%0.26%0.04%0.27%0.15%0.04%0.15%-0.08%0.05%1.76%
20160.25%0.00%0.35%0.22%0.11%0.59%0.12%-0.01%0.23%0.00%-0.35%0.00%1.52%
20150.33%-0.03%0.20%0.08%-0.03%-0.13%0.11%-0.01%-0.01%0.11%-0.12%-0.08%0.40%
20140.34%0.08%-0.04%0.20%0.34%0.10%-0.13%0.10%-0.01%0.12%0.00%-0.16%0.95%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 97, FSTIX is among the top 3% 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.

The Risk-Adjusted Performance Rank of FSTIX is 9797
Overall Rank
The Sharpe Ratio Rank of FSTIX is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of FSTIX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of FSTIX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FSTIX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of FSTIX is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Federated Hermes Short-Term Income Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.85
  • 5-Year: 1.12
  • 10-Year: 1.22
  • All Time: 1.83

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Federated Hermes Short-Term Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Federated Hermes Short-Term Income Fund provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 3 consecutive years.

1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.38$0.36$0.21$0.12$0.10$0.15$0.20$0.19$0.15$0.12$0.10$0.11

Dividend yield

4.48%4.21%2.49%1.47%1.11%1.66%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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.13
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$0.03$0.12
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$0.10
2020$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.15
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.

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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 5.26%, occurring on Oct 19, 2022. Recovery took 292 trading sessions.

The current Federated Hermes Short-Term Income Fund drawdown is 0.35%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.26%Aug 5, 2021308Oct 19, 2022292Dec 13, 2023600
-4.33%Mar 3, 2008186Nov 24, 200896Apr 15, 2009282
-4.15%Mar 9, 202013Mar 25, 202067Jun 30, 202080
-3.63%Sep 17, 199034Nov 1, 199084Feb 27, 1991118
-2.02%Jan 3, 199019Jan 29, 199044Mar 30, 199063
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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