FFRFX Performance — Federated Hermes Floating Rate Strategic Income Fund, Class A1
Data updated: 2026-08-25
FFRFX returned +1.15% over one year to Sep 2024. Over one year the fund trailed its US Value category average: $100 grew to $101, against $115 for the category. Volatility over the past 12 months was 0.92% a year. In the 12 months to Jun 2026 the fund lost a net $72.0M, and assets reached $322.78M.
FFRFX Growth of $100
What $100 invested in Federated Hermes Floating Rate Strategic Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Value category average over the same months.
| Period | FFRFX | Category average |
|---|---|---|
| 1 year (Oct 2023 – Sep 2024) | $101 | $115 |
| 3 years (Oct 2021 – Sep 2024) | $103 | $109 |
| Since data start (Oct 2020 – Sep 2024) | $110 | $131 |
FFRFX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.15% |
3- and 5-year figures withheld: not verified.
FFRFX Annual Returns
Calendar-year total returns of Federated Hermes Floating Rate Strategic Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Sep) | 0.00% |
| 2023 | +8.05% |
| 2022 | −4.98% |
| 2021 | +4.05% |
| 2020 (Oct–Dec) | +3.06% |
FFRFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| 2023 | +2.1% | +0.6% | −0.1% | +0.3% | −0.4% | +1.4% | +0.8% | +1.2% | +0.7% | +0.2% | +0.9% | 0.0% |
| 2022 | −0.2% | −0.5% | −0.2% | −0.8% | −2.5% | −2.3% | +1.3% | +0.9% | −2.1% | +0.4% | +0.7% | +0.3% |
| 2021 | +0.7% | +0.5% | +0.2% | +0.4% | +0.4% | +0.5% | −0.1% | +0.3% | +0.3% | 0.0% | −0.1% | +0.9% |
| 2020 | — | — | — | — | — | — | — | — | — | +0.2% | +1.7% | +1.1% |
FFRFX Risk
Risk measures from monthly returns over Oct 2023 – Sep 2024.
- 1-year volatility (annualised): 0.92%
- Best month: +0.91% (Nov 2023)
- Worst month: 0.00% (Dec 2023)
FFRFX Fund Flows
Monthly money in and out of Federated Hermes Floating Rate Strategic Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$72.0M
- 12-month gross sales (incl. reinvestments): $97.0M
- Sales ÷ redemptions: 0.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $31.2M | $16.0M | $15.2M |
| May 2026 | $4.6M | $14.4M | −$9.8M |
| Apr 2026 | $4.8M | $11.6M | −$6.8M |
| Mar 2026 | $5.8M | $15.0M | −$9.2M |
| Feb 2026 | $4.4M | $18.6M | −$14.2M |
| Jan 2026 | $6.1M | $10.9M | −$4.7M |
| Dec 2025 | $6.4M | $23.6M | −$17.2M |
| Nov 2025 | $5.7M | $14.0M | −$8.3M |
| Oct 2025 | $7.6M | $18.4M | −$10.8M |
| Sep 2025 | $6.3M | $9.7M | −$3.5M |
| Aug 2025 | $6.8M | $7.4M | −$648K |
| Jul 2025 | $7.4M | $9.3M | −$1.9M |
FFRFX Assets Under Management
Net assets of Federated Hermes Floating Rate Strategic Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $322.78M |
| 2026-03-31 | $323.89M |
| 2025-12-31 | $357.43M |
| 2025-09-30 | $394.50M |
| 2025-06-30 | $401.07M |
| 2025-03-31 | $409.76M |
| 2024-12-31 | $399.64M |
| 2024-09-30 | $408.18M |
| 2024-06-30 | $434.59M |
| 2024-03-31 | $453.27M |
| 2023-12-31 | $469.52M |
| 2023-09-30 | $504.15M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.