FTIQX Fees and Costs — Federated Hermes Short-Term Income Fund, Class A2
Data updated: 2026-09-23
The net expense ratio is 0.66%: a 0.29% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 1.50%. Portfolio turnover was 17%.
FTIQX Fees and Expenses
Annual operating expenses and sales charges of FTIQX. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 1.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FTIQX Costs Over Time
On $10,000 invested in FTIQX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $150 | $150 | $150 |
| Fund expenses (net expense ratio 0.66%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $8 | $34 | $79 |
| Total costs | $226 | $398 | $601 |
| Value after costs | $10,274 | $11,178 | $12,162 |
| Impact on return, per year | 2.26% | 1.22% | 1.01% |
FTIQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $6.5M
- Net income from securities lending: $23K (0.001% of average net assets)
FTIQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $1.2B | 72.21% |
| J.P. Morgan Securities LLC | $115.4M | 7.00% |
| Citigroup Global Markets Inc. | $91.7M | 5.57% |
| BofA Securities, Inc. | $58.0M | 3.52% |
| BNY Mellon Capital Markets, LLC | $41.5M | 2.52% |
| Morgan Stanley & Co. LLC | $35.5M | 2.15% |
| Wells Fargo Securities, LLC | $31.3M | 1.90% |
| RBC Capital Markets, LLC | $28.5M | 1.73% |
| BNP Paribas Securities Corp. | $28.1M | 1.71% |
| Mizuho Securities USA LLC | $27.7M | 1.68% |
Federated Hermes Short-Term Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSILX | Class R6 | 0.35% | none |
| FSTYX | Institutional Shares | 0.38% | none |
| FSTIX | Service Shares | 0.66% | none |
| FTIAX | Class A | 0.66% | 1.00% |
| FTIQX | Class A2 | 0.66% | 1.50% |
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.