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Morningstar

Federated Hermes Strategic Income C SINCX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.08  /  0.12 %
  • Total Assets 786.1 Mil
  • Adj. Expense Ratio
    1.680%
  • Expense Ratio 1.730%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.81%
  • Effective Duration 5.00 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:38 PM GMT+00:00

Morningstar’s Analysis SINCX

Will SINCX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SINCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SINCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SINCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Federated Hermes Strategic Income C's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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