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Federated Hermes Float Rate Strat Inc IS FFRSX

Quantitative rating as of
  • NAV / 1-Day Return 8.73  /  0.14 %
  • Total Assets 20.0 Mil
  • Adj. Expense Ratio
  • Expense Ratio 0.730%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.47%
  • Effective Duration 0.20 years

Morningstar’s Analysis FFRSX

Will FFRSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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Federated Hermes Float Rate Strat Inc IS's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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