STISX Fees and Costs — Federated Hermes Strategic Income Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 0.64% (0.85% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $146K in broker commissions, 0.0258% of average net assets, and portfolio turnover was 49%.
STISX Fees and Expenses
Annual operating expenses and sales charges of STISX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
STISX Costs Over Time
On $10,000 invested in STISX, assuming 5% a year before costs, total costs come to $419 over 5 years, cutting the return by 0.70% 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 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $230 | $419 |
| Value after costs | $10,430 | $11,347 | $12,344 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
STISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0258%
- Total broker commissions: $146K
- Bought from dealers (principal trades, not a cost): $952.6M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $7K (0.001% of average net assets)
STISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $123K | 84.05% |
| Jane Street Execution Services, LLC | $9K | 6.28% |
| Nomura Securities International, Inc. | $8K | 5.54% |
| JonesTrading | $5K | 3.41% |
| Citigroup Global Markets Inc. | $944 | 0.64% |
| BofA Securities, Inc. | $91 | 0.06% |
STISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $464.9M | 50.02% |
| Citadel Securities LLC | $82.5M | 8.87% |
| BMO Capital Markets Corp. | $74.7M | 8.04% |
| Barclays Capital Inc. | $66.4M | 7.14% |
| TD Securities (USA) LLC | $61.5M | 6.62% |
| Nomura Securities International, Inc. | $56.2M | 6.05% |
| BofA Securities, Inc. | $44.4M | 4.78% |
| J.P. Morgan Securities LLC | $34.2M | 3.68% |
| Natwest Markets Securities Inc. | $28.0M | 3.02% |
| Goldman Sachs & Co. LLC | $16.5M | 1.78% |
Federated Hermes Strategic 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 |
|---|---|---|---|
| STILX | Class R6 | 0.63% | none |
| STISX | Institutional Shares | 0.64% | none |
| STFSX | Class F | 0.96% | 1.00% |
| STIAX | Class A | 0.96% | 4.50% |
| SINCX | Class C | 1.73% | none |
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.