SINBX — Federated Strategic Income Fund
Data updated: 2026-07-27
SINBX — Federated Strategic Income Fund. United States Small Cap Value Equity · $573.08M AUM. Holdings, fees, performance and SEC filings.
SINBX Fund Overview
SINBX — Federated Strategic Income Fund is a US mutual fund managed by Federated Hermes Fixed Income Securities, Inc., categorised as United States Small Cap 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 Fixed Income Securities, Inc.
- Category: United States Small Cap Value Equity
- Assets under management: $573.08M
- 1-year return: 0.0%
- Ticker: SINBX
- SEC CIK: 0000879569
- SEC series ID: S000009739
- Share class ID: C000026758
SINBX Investment Objective and Strategy
Federated Strategic Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Fixed Income Securities, Inc..
Investment objective
The Fund's investment objective is to seek a high level of current income.
Principal investment strategy
"The Fund allocates the portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade (including, but not limited to, U.S. government, asset-backed, mortgage-backed (MBS), corporate and municipal), domestic noninvestment-grade (including, but not limited to, corporate debt issues (also known as junk bonds and leveraged loans), MBS and municipal securities) and foreign investments (both investment-grade and noninvestment-grade, including, but not limited to, government and corporate investments traded in both emerging and developed markets, and trade finance). Based upon historical returns, the Fund's investment adviser (""Adviser"") expects the three categories of investments to have different returns and risks under similar market conditions.
The Adviser relies on the differences in the expected performance of each category to manage risks by allocating the Fund's portfolio among the three categories. The Adviser seeks to enhance the Fund's performance by allocating more of its portfolio to the category that the Adviser expects to offer the best balance between risk and return. While the Fund's portfolio usually includes securities from all three categories, the Fund limits the amount that it may invest in a single category up to 60% of its assets, except for the domestic investment-grade category, in which the Fund may invest up to 75% of its assets. In addition, when the Adviser considers the risk/return prospects of equity securities to be attractive, the Fund may also opportunistically invest up to 20% of its assets in equity securities, including common stocks, preferred stocks, warrants, convertible securities, and pooled investment vehicles such as exchange-traded funds (ETFs) or other investment companies.
Pooled vehicles may be utilized in order to gain broad exposure to the equity market. When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (""Underlying Funds""). At times, the Fund's investment in Underlying Funds may be a substantial portion of the Fund's portfolio. The Fund may also invest in derivative contracts or hybrid instruments (such as, for example, futures contracts, option contracts, currency derivatives and swap contracts) to implement its investment strategies as more fully described herein. The Adviser may invest in bonds of any maturity. The Fund may at times use derivative securities to take a position on interest rate moves, credit market moves, equity market moves and currency moves.
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 a few government securities that are issued by entities whose activities are sponsored by the federal government but that have no explicit financial support.
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 its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets in fixed-income investments."
SINBX Holdings
Top 10 holdings of Federated Strategic Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Core Trust - High Yield Bond Portfolio | 34.85% |
| Prudential Qma Strat Val- | 17.78% |
| Federated Core Trust - Federated Mortgage Core Portfolio | 13.96% |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | 5.04% |
| United States Treasury | 4.31% |
| United States Treasury | 3.49% |
| United States Treasury | 2.42% |
| Federated Hermes Money Market Obligations Trust | 2.26% |
| Freddie Mac | 1.09% |
| Freddie Mac | 1.09% |
SINBX Portfolio Allocation
Asset-class allocation of Federated Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 72.0% |
| Fixed Income | 17.6% |
| Securitized | 7.5% |
| Cash & Equivalents | 2.3% |
| Derivatives | 0.1% |
SINBX Performance
Total returns for SINBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -4.1% |
| 5 years (annualised) | -0.3% |
SINBX Risk Information
Risk metrics for SINBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
SINBX Costs and Fees
SINBX costs about $176 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.76%
- Gross expense ratio: 1.84%
- Portfolio turnover: 49%
- Brokerage commissions: 2.58 bps of average net assets (SEC N-CEN)
SINBX Cashflows
Over the 12 months to 2026-05, Federated Strategic Income Fund had net outflows of $1.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $7.39M |
| 2026-04 | $3.93M |
| 2026-03 | $2.33M |
| 2026-02 | −$718.19K |
| 2026-01 | −$428.76K |
| 2025-12 | −$5.98M |
SINBX Debt Constituents
Largest debt holdings of Federated Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 4.31% |
| United States Treasury | 3.49% |
| United States Treasury | 2.42% |
| United States Treasury | 0.87% |
| Australia Government Bonds | 0.80% |
| Welltower Op LLC | 0.63% |
| Bundesschatzanweisungen | 0.61% |
| Ashtead Capital, Inc. | 0.52% |
| U.K. Gilts | 0.47% |
| United States Treasury | 0.44% |
SINBX Prospectus and SEC Filings
Official Federated Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-26
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-24
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-23
- Annual census (N-CEN) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-02-04
Related Funds
Other United States Small Cap 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.