Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Federated Hermes Float Rate Strat Inc A FRSAX
- NAV / 1-Day Return 8.65 / 0.00
- Total Assets 409.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.990%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 7.51%
- Effective Duration 0.10 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis FRSAX
Will FRSAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 94.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Bank Loan Core | 75.76 | 329.3 Mil | — |
Federated Project and Trade Fin Cor | 10.39 | 45.2 Mil | — |
Federated Govt Oblg Pr Shares | 2.08 | 9.0 Mil | — |
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 6.5% | 1.35 | 5.9 Mil | Securitized |
Government National Mortgage Association 6.483% | 1.14 | 4.9 Mil | Securitized |
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 6.5% | 1.10 | 4.8 Mil | Securitized |
Federal National Mortgage Association 6.5% | 1.10 | 4.8 Mil | Securitized |
Federal National Mortgage Association 5.84983% | 0.64 | 2.8 Mil | Securitized |
Federal National Mortgage Association 5.74983% | 0.50 | 2.2 Mil | Securitized |
Federal National Mortgage Association 5.84983% | 0.48 | 2.1 Mil | Securitized |