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FRSAX
Mutual Fund ticker: NASDAQ
AS OF
May 23 closing price
Price
$8.58
Change
+$0.01 (+0.12%)
Net Assets
400.89M

FRSAX Federated Hermes Float Rate Strat Inc A Forecast, Technical & Fundamental Analysis

The investment seeks to provide total return consistent with current income and low interest rate volatility... Show more

Category: #Bank Loan
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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide total return consistent with current income and low interest rate volatility. The fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic noninvestment-grade (also known as "junk bonds"), and foreign (in both emerging and developed markets). Under normal market conditions it will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three (+3) years, in order to manage Share price volatility due to interest rate risk.
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A.I. Advisor
published General Information

General Information

Category BankLoan

Profile
Fundamentals
Details
Category
Bank Loan
Address
Federated Hermes Income Securities Trust5800 Corporate DrivePittsburgh
Phone
N/A
Web
www.federatedinvestors.com
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FRSAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, FRSAX has been closely correlated with PFFRX. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if FRSAX jumps, then PFFRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FRSAX
1D Price
Change %
FRSAX100%
+0.12%
PFFRX - FRSAX
90%
Closely correlated
-0.11%
TRIZX - FRSAX
90%
Closely correlated
-0.11%
EVBLX - FRSAX
88%
Closely correlated
-0.12%
FIQSX - FRSAX
87%
Closely correlated
N/A
FFRHX - FRSAX
79%
Closely correlated
N/A
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