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Federated Hermes Floating Rate Strategic Income Fund Class A (FRSAX)

US Funds

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8.65 -0.01 -0.12%

01/11 - Delayed Data. Currency in USD

Morningstar Rating:
Total Assets: 163.5M

Type: Fund

Market: United States

Issuer: Federated

Asset Class: Other

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FRSAX Overview

On this page you'll find an in-depth profile of Federated Hermes Floating Rate Strategic Income Fund Class A. Learn about the key management, total assets, investment strategy and contact information of FRSAX among other information.

Investment Strategy

The investment seeks to provide total return consistent with current income and low interest rate volatility. The fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic noninvestment-grade (also known as "junk bonds"), and foreign (in both emerging and developed markets). Under normal market conditions it will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three (+3) years, in order to manage Share price volatility due to interest rate risk.

Contact Information

Address 4000 Ericsson Drive
Warrendale,PA 15086-7561
United States

Phone +1 8003417400

Web www.federatedinvestors.com

Top Executives

Name	Title	Since	Until
Anthony Venturino	-	2024	Now
Biography	Anthony A. Venturino, CFA, Portfolio Manager, has been the Fund’s portfolio manager since May of 2024 and the Bank Loan Affiliated Fund’s portfolio manager since March of 2019. Mr. Venturino is responsible for day-to-day management of the Fund focusing on asset allocation and security selection. He has been with the Adviser or an affiliate since 2005; has worked in investment management since 1998; has managed investment portfolios since 2019. Education: B.S., University of Dayton; M.B.A., Tepper School of Business, Carnegie Mellon University.
Liam C. O'Connell	portfolio manager	2023	Now
Biography	Liam O’Connell, CFA, has been the Fund’s portfolio manager since April of 2017. Mr. O’Connell is responsible for providing research and advice on sector allocation and security selection. He has been with the Adviser or an affiliate since 2003; has worked in investment management since 2003; has managed investment portfolios since 2005. Education: B.S., Webb Institute of Naval Architecture; M.S, Johns Hopkins University; M.B.A., Massachusetts Institute of Technology.
B. Anthony DelSerone	VP, Senior Portfolio Manager, Senior Investment Analyst	2015	Now
Biography	B. Anthony Delserone, Jr., CFA, Vice President, Senior Portfolio Manager, Senior Investment Analyst. Responsible for portfolio management and research in the fixed income area concentrating on domestic high yield securities and leveraged loans. Previous associations: Vice President/Director of Credit Research, Falcon Asset Management; Credit Analyst, USF&G Corporation; Fixed Income Portfolio Manager, Sovran Financial Corporation. B.B.A., The College of William and Mary in Virginia; M.B.A., Sellinger School of Business, Loyola College of Maryland. Professional affiliation: Member, CFA Society of Pittsburgh. Joined Federated Hermes 1998.
Todd A. Abraham	Senior Vice President	2010	Now
Biography	Todd A. Abraham, CFA, Senior Portfolio Manager of Federated Investment Management Company (“FIMC”). Mr. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-backed Fixed Income Group. He is responsible for overseeing the macro risk elements in the portfolio. He has been with FIMC or an affiliate since 1993; has worked in investment management since 1993; has managed investment portfolios since 1995. Education: B.S., Indiana University of Pennsylvania; M.B.A., Loyola College.
Mark E. Durbiano	Senior Portfolio Manager	2010	Now
Biography	Mark E. Durbiano, CFA, Senior Portfolio Manager, Head of the Domestic High Yield Group is responsible for portfolio management and research in the fixed income area, concentrating in the domestic high yield sector. Mr. Durbiano joined Federated in 1982 and has been Senior Portfolio Manager and Senior Vice President since 1996. He received a B.A. from Dickinson College and an M.B.A. from University of Pittsburgh. Mr. Durbiano has 38 years of investment experience.
Steven J. Wagner	Senior Portfolio Manager	2010	2023
Biography	Steven J. Wagner, Senior Portfolio Manager, Senior Investment Analyst, is responsible for portfolio management and research in the fixed income area, concentrating in the domestic high yield and leveraged loan sectors. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.

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