Federated Hermes Short-Term Income Svc (FSTIX)
| Fund Assets | 1.46B |
| Expense Ratio | 0.66% |
| Min. Investment | $1,000,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.55% |
| Dividend Growth | 28.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.54 |
| YTD Return | 1.71% |
| 1-Year Return | 3.04% |
| 5-Year Return | 7.85% |
| 52-Week Low | 8.44 |
| 52-Week High | 8.57 |
| Beta (5Y) | n/a |
| Holdings | 424 |
| Inception Date | Jul 1, 1986 |
About FSTIX
Federated Hermes Short‑Term Income Fund Service Shares is an actively managed mutual fund focused on generating current income from high‑quality, short‑maturity fixed income securities. It invests across asset‑backed and mortgage‑backed securities, corporate bonds, and U.S. Treasury and Agency obligations, aiming to balance income with modest interest‑rate risk. The portfolio targets a dollar‑weighted average effective duration of roughly one to three years, positioning it within the short‑term bond category and benchmarking against the Bloomberg 1–3 Year U.S. Government/Credit Index and a 0–3 Year composite of corporate, ABS, Treasury/Agency, and MBS indices. The fund pays dividends monthly and typically maintains hundreds of holdings to diversify issuer and sector exposures. With a track record dating to 1986 for the overall strategy and oversight by an experienced management team, it seeks to offer a relatively conservative avenue for income compared with money market funds while accepting net asset value fluctuation. Its role in the market is to provide investors with a professionally managed, short‑duration bond allocation that emphasizes liquidity, credit quality, and disciplined duration management within investment‑grade markets.
Performance
FSTIX had a total return of 3.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.16%.
Top 10 Holdings
13.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Govt Oblg Pr Shares | n/a | 2.83% |
| United States Treasury Notes 4.25% | T.4.25 11.30.26 | 2.11% |
| Bank Loan Core | n/a | 1.86% |
| United States Treasury Notes 4.25% | T.4.25 02.28.29 | 1.07% |
| SANTANDER DR AUT REC TR 2024-4 5.32% | SDART.2024-4 D | 1.06% |
| Federated Project and Trade Fin Cor | n/a | 0.94% |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-2 6.28% | SDART.2024-2 D | 0.94% |
| Federal Home Loan Mortgage Corp. 6% | FR.QI0122 | 0.82% |
| VERIZON MASTER TR 2021-1 5.2% | VZMT.2025-4 C | 0.72% |
| Federal Home Loan Mortgage Corp. 6.5% | FR.QI4114 | 0.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03288 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03291 | Jun 30, 2025 |
| May 30, 2025 | $0.033 | May 30, 2025 |
| Apr 30, 2025 | $0.03286 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03225 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03192 | Feb 28, 2025 |