Federated Hermes Strategic Income Fund (SINCX)
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.
Fund Info
US31417P7006
31417P700
May 1, 1994
$1,500
Expense Ratio
SINCX has a high expense ratio of 1.69%, 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 Strategic 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 Strategic Income Fund had a return of 1.28% year-to-date (YTD) and 6.82% in the last 12 months. Over the past 10 years, Federated Hermes Strategic Income Fund had an annualized return of 2.34%, while the S&P 500 had an annualized return of 11.31%, indicating that Federated Hermes Strategic Income Fund did not perform as well as the benchmark.
SINCX
1.28%
0.61%
1.13%
6.82%
1.20%
2.34%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SINCX, 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 | 1.40% | 1.28% | |||||||||||
| 2024 | -0.21% | -0.07% | 1.50% | -1.83% | 1.42% | 0.52% | 1.88% | 1.68% | 1.67% | -1.69% | 1.18% | -1.38% | 4.65% |
| 2023 | 3.86% | -2.56% | 0.91% | 0.53% | -1.38% | 1.18% | 1.30% | -0.72% | -2.24% | -2.01% | 5.64% | 4.19% | 8.65% |
| 2022 | -2.25% | -1.84% | -1.65% | -3.73% | -0.23% | -5.55% | 3.31% | -1.91% | -5.20% | 0.57% | 3.79% | -0.32% | -14.42% |
| 2021 | 0.18% | 0.51% | -0.55% | 1.48% | 0.81% | 0.62% | -0.23% | 0.60% | -0.56% | -0.34% | -1.67% | 2.00% | 2.83% |
| 2020 | 0.39% | -0.91% | -10.61% | 4.99% | 3.09% | 0.53% | 3.08% | 1.26% | -1.24% | -0.06% | 3.79% | 2.12% | 5.66% |
| 2019 | 4.30% | 1.17% | 0.58% | 1.13% | -0.23% | 1.78% | 0.41% | 0.30% | 0.14% | 0.54% | 0.10% | 1.13% | 11.87% |
| 2018 | -0.20% | -1.24% | -0.12% | -0.12% | -0.45% | -0.14% | 1.01% | -0.06% | 0.38% | -1.75% | -0.15% | -1.31% | -4.11% |
| 2017 | 1.15% | 1.25% | 0.01% | 0.68% | 0.44% | 0.01% | 0.78% | 0.23% | 0.20% | 0.13% | -0.16% | 0.54% | 5.38% |
| 2016 | -1.65% | 0.78% | 3.29% | 2.49% | 0.13% | 0.71% | 2.08% | 1.57% | 0.15% | -0.68% | -0.74% | 1.19% | 9.61% |
| 2015 | 0.32% | 1.46% | -0.11% | 0.87% | 0.09% | -1.35% | -0.15% | -1.48% | -2.40% | 2.40% | -1.34% | -2.12% | -3.85% |
| 2014 | 0.25% | 1.59% | 0.25% | 0.68% | 1.13% | 0.78% | -1.33% | 1.31% | -1.86% | 1.27% | -0.48% | -1.38% | 2.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SINCX is 74, indicating average performance compared to other mutual funds on our website. Here’s 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 Strategic Income Fund (SINCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Strategic Income Fund provided a 3.74% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.33 | $0.33 | $0.30 | $0.25 | $0.24 | $0.24 | $0.29 | $0.29 | $0.31 | $0.25 | $0.29 |
Dividend yield | 3.74% | 4.06% | 4.02% | 3.84% | 2.60% | 2.59% | 2.61% | 3.49% | 3.23% | 3.43% | 3.03% | 3.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Strategic 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 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.09 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.07 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.06 | $0.30 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.03 | $0.03 | $0.02 | $0.07 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.04 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 | $0.03 | $0.08 | $0.29 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.06 | $0.29 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.08 | $0.31 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.29 |
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 Strategic 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 Strategic Income Fund was 22.41%, occurring on Nov 21, 2008. Recovery took 167 trading sessions.
The current Federated Hermes Strategic Income Fund drawdown is 2.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.41% | May 22, 2008 | 128 | Nov 21, 2008 | 167 | Jul 24, 2009 | 295 |
| -19.33% | Sep 16, 2021 | 277 | Oct 20, 2022 | — | — | — |
| -18.3% | Feb 24, 2020 | 21 | Mar 23, 2020 | 111 | Aug 28, 2020 | 132 |
| -10.44% | Apr 17, 2015 | 208 | Feb 11, 2016 | 103 | Jul 11, 2016 | 311 |
| -8.29% | Apr 30, 2002 | 77 | Aug 19, 2002 | 96 | Jan 6, 2003 | 173 |
Volatility
Volatility Chart
The current Federated Hermes Strategic Income Fund volatility is 0.93%, 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.