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

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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
Federated Floating Rate Strat Inc A 8.65 -0.01 -0.12%

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.
Category

Bank Loan

Total Assets

163.5M

Expenses

0.93%

Inception Date

40597

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

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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