FTIQX — Federated Hermes Short-Term Income Fund
Data updated: 2026-09-23
FTIQX — Federated Hermes Short-Term Income Fund. Short Securitized (MBS/ABS/CMBS) Bond · $1.85B AUM. Holdings, fees, performance and SEC filings.
FTIQX Fund Overview
FTIQX — Federated Hermes Short-Term Income Fund is a US mutual fund managed by Federated Hermes Income Securities Trust, categorised as Short Securitized (MBS/ABS/CMBS) Bond. 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: Short Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $1.85B
- 1-year return: 0.0%
- Ticker: FTIQX
- SEC CIK: 0000789281
- SEC series ID: S000009077
- Share class ID: C000232323
FTIQX Investment Objective and Strategy
Federated Hermes Short-Term Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Income Securities Trust.
Investment objective
The Funds investment objective is to seek to provide current income.
Principal investment strategy
In pursuing its principal investment strategies, the Fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. In addition, at least 65% of the Funds securities must be rated A or higher (or, for short-term instruments, in one of the two highest rating categories) by a nationally recognized statistical rating organization (NRSRO). The Fund may invest up to 35% of its assets in noninvestment-grade, fixed-income securities. The Fund may also invest a portion of its portfolio in securities of issuers based outside of the United States. The Funds investment adviser (the Adviser) seeks to enhance the Funds performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk.
The Fund may invest in derivative contracts, in particular, futures contracts, option contracts and swap contracts and/or hybrid instruments, to implement elements of its investment strategy. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolios exposure to the investment(s) underlying the derivative contract or hybrid instrument. There can be no assurance that the Funds use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund that provide investment exposure to investments suggested by the Funds name are included within the Funds 80% policy and are calculated at notional value. The Fund may invest its assets in securities of other investment companies, including affiliated money market funds and funds advised by the Adviser or its affiliates, as an efficient means of implementing its investment strategies and/or managing its uninvested cash.
Although the value of the Funds Shares will fluctuate, the Adviser will seek to manage the magnitude of fluctuation by limiting the Funds dollar-weighted average duration within a range of one to three years and, in any event, to not more than three years. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Under normal market conditions, the Funds dollar-weighted average maturity is expected to be three years or less. Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits.
The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (Ginnie Mae). Finally, the Fund may invest in government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities. The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.
FTIQX Holdings
Top 10 holdings of Federated Hermes Short-Term 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 | 3.82% |
| Federated Hermes Money Market Obligations Trust | 3.00% |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | 2.49% |
| United States Treasury | 1.63% |
| United States Treasury | 1.61% |
| Prudential Qma Strat Val- | 0.97% |
| Santander Drive Auto Receivables Trust | 0.82% |
| United States Treasury | 0.81% |
| United States Treasury | 0.80% |
| Santander Drive Auto Receivables Trust | 0.72% |
FTIQX Portfolio Allocation
Asset-class allocation of Federated Hermes Short-Term Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 45.2% |
| Fixed Income | 44.5% |
| Equity | 7.3% |
| Cash & Equivalents | 3.0% |
FTIQX Performance
Total returns for FTIQX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -0.6% |
FTIQX Risk Information
Risk metrics for FTIQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
FTIQX Costs and Fees
FTIQX costs about $66 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.66%
- Gross expense ratio: 0.69%
- Portfolio turnover: 17%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FTIQX Cashflows
Over the 12 months to 2026-04, Federated Hermes Short-Term Income Fund had net inflows of $462.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $11.86M |
| 2026-03 | $25.29M |
| 2026-02 | $33.37M |
| 2026-01 | $61.93M |
| 2025-12 | $59.75M |
| 2025-11 | $44.47M |
FTIQX Debt Constituents
Largest debt holdings of Federated Hermes Short-Term Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.63% |
| United States Treasury | 1.61% |
| United States Treasury | 0.81% |
| United States Treasury | 0.80% |
| Hyundai Capital America | 0.49% |
| Oracle Corp. | 0.47% |
| Bank Of Nova Scotia | 0.43% |
| Aercap Ireland Cap/globa | 0.39% |
| Salesforce, Inc. | 0.38% |
| Gxo Logistics, Inc. | 0.33% |
FTIQX Prospectus and SEC Filings
Official Federated Hermes Short-Term Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-25
- Prospectus (485BPOS) — filed 2025-06-24
- Prospectus (485BPOS) — filed 2024-06-26
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-23
- Portfolio holdings (N-PORT) — filed 2026-03-23
- Annual census (N-CEN) — filed 2026-07-09
- Annual census (N-CEN) — filed 2025-07-01
Related Funds
Other Short Securitized (MBS/ABS/CMBS) Bond 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.