FRICX Performance — Federated Hermes Floating Rate Strategic Income Fund, Class C
Data updated: 2026-08-25
FRICX returned 0.00% over one year to Sep 2024. Annualised returns are −0.03% over 3 years and +0.65% over 5 years. The fund trailed its US Value category average: $100 invested three years ago grew to $100, against $109 for the category, and to $100 over one year, against $115. Volatility over the past three years was 0.05% a year. In the 12 months to Jun 2026 the fund lost a net $72.0M, and assets reached $322.78M.
FRICX 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 | FRICX | Category average |
|---|---|---|
| 1 year (Oct 2023 – Sep 2024) | $100 | $115 |
| 3 years (Oct 2021 – Sep 2024) | $100 | $109 |
| 5 years (Oct 2019 – Sep 2024) | $103 | $124 |
| Since data start (Jul 2019 – Sep 2024) | $104 | $126 |
FRICX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | 0.00% |
| 3 years (annualised) | −0.03% |
| 5 years (annualised) | +0.65% |
FRICX 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 | 0.00% |
| 2022 | 0.00% |
| 2021 | +2.59% |
| 2020 | −0.64% |
| 2019 (Jul–Dec) | +1.68% |
FRICX 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2022 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2021 | +0.6% | +0.4% | +0.3% | +0.4% | +0.3% | +0.5% | −0.2% | +0.3% | +0.2% | −0.1% | 0.0% | 0.0% |
| 2020 | +0.2% | −1.1% | −10.2% | +2.9% | +2.5% | +0.6% | +1.5% | +0.9% | 0.0% | +0.2% | +1.7% | +1.0% |
| 2019 | — | — | — | — | — | — | +0.6% | −0.5% | +0.3% | −0.2% | +0.4% | +1.2% |
FRICX Risk
Risk measures from monthly returns over Oct 2021 – Sep 2024.
- 3-year volatility (annualised): 0.05%
- Best month: 0.00% (Nov 2021)
- Worst month: −0.09% (Oct 2021)
FRICX 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 |
FRICX 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.