FRSAX — Federated Hermes Floating Rate Strategic Income Fund
Data updated: 2026-08-25
FRSAX — Federated Hermes Floating Rate Strategic Income Fund. United States Value Equity · $322.78M AUM. Holdings, fees, performance and SEC filings.
FRSAX Fund Overview
FRSAX — Federated Hermes Floating Rate Strategic Income Fund is a US mutual fund managed by Federated Hermes Income Securities Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Income Securities Trust
- Category: United States Value Equity
- Assets under management: $322.78M
- 1-year return: 3.7%
- Ticker: FRSAX
- SEC CIK: 0000789281
- SEC series ID: S000030463
- Share class ID: C000100297
FRSAX Holdings
Top 10 holdings of Federated Hermes Floating Rate Strategic Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Core Trust - Federated Bank Loan Core Fund | 62.03% |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | 12.68% |
| Freddie Mac | 1.83% |
| Fannie Mae | 1.81% |
| Federated Hermes Money Market Obligations Trust | 1.44% |
| Freddie Mac | 1.37% |
| Government National Mortgage Association | 1.34% |
| Government National Mortgage Association | 1.22% |
| Freddie Mac | 1.21% |
| Government National Mortgage Association | 1.16% |
FRSAX Portfolio Allocation
Asset-class allocation of Federated Hermes Floating Rate Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 74.7% |
| Securitized | 23.1% |
| Cash & Equivalents | 1.4% |
| Fixed Income | 0.8% |
FRSAX Performance
Total returns for FRSAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 3.7% |
| 3 years (annualised) | 6.1% |
| 5 years (annualised) | 3.6% |
FRSAX Risk Information
Risk metrics for FRSAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.4%
FRSAX Costs and Fees
FRSAX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.13%
- Portfolio turnover: 5%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FRSAX Cashflows
Over the 12 months to 2026-06, Federated Hermes Floating Rate Strategic Income Fund had net outflows of $72.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $15.18M |
| 2026-05 | −$9.80M |
| 2026-04 | −$6.83M |
| 2026-03 | −$9.21M |
| 2026-02 | −$14.25M |
| 2026-01 | −$4.74M |
FRSAX Debt Constituents
Largest debt holdings of Federated Hermes Floating Rate Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 0.77% |
FRSAX Prospectus and SEC Filings
Official Federated Hermes Floating Rate Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-27
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus (485BPOS) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-06-09
- Annual census (N-CEN) — filed 2025-06-02
Related Funds
Other United States Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.