Federated Hermes Short-Term Income IS (FSTYX)
| Fund Assets | 1.46B |
| Expense Ratio | 0.38% |
| Min. Investment | $1,000,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.83% |
| Dividend Growth | 27.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.55 |
| YTD Return | 1.76% |
| 1-Year Return | 2.67% |
| 5-Year Return | 8.46% |
| 52-Week Low | 8.45 |
| 52-Week High | 8.58 |
| Beta (5Y) | n/a |
| Holdings | 424 |
| Inception Date | Aug 26, 2004 |
About FSTYX
Federated Hermes Short-Term Income Fund Institutional Shares is an open-end mutual fund focused on generating current income from a diversified short-duration bond portfolio. The fund primarily invests in investment-grade asset-backed and mortgage-backed securities, corporate bonds, and U.S. Treasury and Agency securities, targeting a portfolio duration typically between one and three years to manage interest rate sensitivity. It sits within the short-term bond category and is benchmarked to the Bloomberg 1–3 Year U.S. Government/Credit Index, with an additional internal 0–3 year composite reference. The strategy emphasizes broad sector exposure and high security count, with monthly distributions that reflect its income orientation. By concentrating on high-quality, shorter-maturity instruments, the fund seeks to offer a conservative avenue for income relative to cash alternatives while maintaining liquidity and diversification. Its role in the market is to serve investors aiming to balance income generation with limited duration risk, often as a core short-duration fixed income allocation or a complement to broader bond exposures.
Performance
FSTYX had a total return of 2.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.58%.
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 | $0.03494 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0349 | Jun 30, 2025 |
| May 30, 2025 | $0.03505 | May 30, 2025 |
| Apr 30, 2025 | $0.03484 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0343 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03377 | Feb 28, 2025 |