About SINCX
Federated Hermes Strategic Income Fund Class C Shares is a multi-sector bond mutual fund designed to provide a high level of current income. The fund employs an actively managed strategy that allocates its assets across a broad spectrum of fixed income securities, including domestic investment-grade bonds such as U.S. government, mortgage-backed, and corporate bonds; domestic non-investment-grade (high yield) bonds; and foreign bonds, incorporating exposure to both developed and emerging markets. Notable features of this fund include a high degree of diversification—its top holdings comprise portfolios focused on high-yield, emerging market, and mortgage-backed bonds, with additional allocations to U.S. Treasury securities. Its distribution is paid monthly, catering to investors seeking regular income streams. The fund’s portfolio demonstrates a moderate duration and interest rate sensitivity, and it openly balances credit quality by holding significant positions in both investment-grade and lower-rated securities, which may introduce additional credit and market risk. Since its inception in 1994, the fund has sought to offer income and modest capital appreciation through dynamic sector allocation in the fixed income market, addressing a range of economic environments.
Fund Family Federated
Category Multisector Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SINCX
Share Class Class C Shares
Index Bloomberg U.S. Aggregate Bond TR
SINCX had a total return of 6.46% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.02%.
