Federated Hermes Floating Rate Strategic Income Fund Class R6 Shares NMFQS:FFRLX

Bank Loan | Federated

$8.55

↓ $-0.04 (-0.47%)

Last Updated: Feb 17, 2026

Fund Information

Fund Category Bank Loan

Fund Family Federated

Fund Style Large

ISIN US31420C5711

CUSIP 31420C571

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $1.15 Billion

Share Class Net Assets $-

Expense Ratio 0.73%

Expense Ratio Date -

Dividend Yield 0.07%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.14%

1-Year Return 5.03%

3-Year Return 6.84%

5-Year Return 4.11%

NAV $8.55

Previous Close Price $8.59

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.07%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Federated Hermes Floating Rate Strategic Income Fund Class R6 Shares

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	82.96%	82.96%	0.00%	78.38%	0.00%
Cash	0.28%	0.67%	0.39%	21.16%	0.00%
Non US Stock	0.01%	0.01%	0.00%	0.09%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.38%	0.00%
Other	16.75%	16.75%	0.00%	0.38%	0.00%
US Stock	0.00%	0.00%	0.00%	1.25%	0.00%

Top Holdings

Name	Weight	Owned	Change
FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND	68.64%	-	-
FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE	11.71%	-	-
Federated Hermes Government Obligations Fund	1.57%	-	-
Freddie Mac REMICS	0.99%	-	-
Government National Mortgage Association	1.14%	-	-
Fannie Mae REMICS	0.92%	-	-

See the full breakdown of FFRLX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	25.73%	0.80%	0.00%
Bond Sector	Corporate	0.00%	62.04%	77.82%	0.00%
Bond Sector	Derivative	0.00%	7.76%	0.00%	0.00%
Bond Sector	Government	0.00%	0.22%	0.77%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	4.24%	20.61%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	92.97%	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	2.65%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	4.38%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-31	$0.070	$0.070	USD	-	-	-	-
2024-11-29	$0.051	$0.051	USD	-	-	-	-
2024-10-31	$0.051	$0.051	USD	-	2024-10-31	2024-10-31	Monthly
2024-09-30	$0.051	$0.051	USD	-	2024-09-30	2024-09-30	Monthly
2024-08-31	$0.054	$0.054	USD	-	2024-08-31	2024-08-31	Monthly
2024-07-31	$0.055	$0.055	USD	-	2024-07-31	2024-07-31	Monthly
2024-06-30	$0.056	$0.056	USD	-	2024-06-30	2024-06-30	Monthly
2024-05-31	$0.057	$0.057	USD	-	2024-05-31	2024-05-31	Monthly
2024-04-30	$0.052	$0.052	USD	-	2024-04-30	2024-04-30	Monthly
2024-03-31	$0.052	$0.052	USD	-	2024-03-31	2024-03-31	Monthly
2024-02-29	$0.051	$0.051	USD	-	2024-02-29	2024-02-29	Monthly
2024-01-31	$0.057	$0.057	USD	-	2024-01-31	2024-01-31	Monthly
2023-12-31	$0.063	$0.063	USD	-	2023-12-31	2023-12-31	Monthly
2023-11-30	$0.060	$0.060	USD	-	2023-11-30	2023-11-30	Monthly
2023-10-31	$0.063	$0.063	USD	-	2023-10-31	2023-10-31	Monthly
2023-09-30	$0.061	$0.061	USD	-	2023-09-30	2023-09-30	Monthly
2023-08-31	$0.064	$0.064	USD	-	2023-08-31	2023-08-31	Monthly
2023-07-31	$0.063	$0.063	USD	-	2023-07-31	2023-07-31	Monthly
2023-06-30	$0.060	$0.060	USD	-	2023-06-30	2023-06-30	Monthly
2023-05-31	$0.060	$0.060	USD	-	2023-05-31	2023-05-31	Monthly
2023-04-30	$0.061	$0.061	USD	-	2023-04-30	2023-04-30	Monthly
2023-03-31	$0.059	$0.059	USD	-	2023-03-31	2023-03-31	Monthly
2023-02-28	$0.052	$0.052	USD	-	2023-02-28	2023-02-28	Monthly
2023-01-31	$0.056	$0.056	USD	-	2023-01-31	2023-01-31	Monthly
2022-12-31	$0.056	$0.056	USD	-	2022-12-31	2022-12-31	Monthly
2022-11-30	$0.052	$0.052	USD	-	2022-11-30	2022-11-30	Monthly
2022-10-31	$0.049	$0.049	USD	-	2022-10-31	2022-10-31	Monthly
2022-09-30	$0.044	$0.044	USD	-	2022-09-30	2022-09-30	Monthly
2022-08-31	$0.044	$0.044	USD	-	2022-08-31	2022-08-31	Monthly
2022-07-31	$0.038	$0.038	USD	-	2022-07-31	2022-07-31	Monthly
2022-06-30	$0.031	$0.031	USD	-	2022-06-30	2022-06-30	Monthly
2022-05-31	$0.032	$0.032	USD	-	2022-05-31	2022-05-31	Monthly
2022-04-30	$0.030	$0.030	USD	-	2022-04-30	2022-04-30	Monthly
2022-03-31	$0.032	$0.032	USD	-	2022-03-31	2022-03-31	Monthly
2022-02-28	$0.031	$0.031	USD	-	2022-02-28	2022-02-28	Monthly
2022-01-31	$0.033	$0.033	USD	-	2022-01-31	2022-01-31	Monthly
2021-12-31	$0.035	$0.035	USD	-	2021-12-31	2021-12-31	Monthly
2021-11-30	$0.032	$0.032	USD	-	2021-11-30	2021-11-30	Monthly
2021-10-31	$0.030	$0.030	USD	-	2021-10-29	2021-10-31	Monthly
2021-09-30	$0.028	$0.028	USD	-	2021-09-30	2021-09-30	Monthly
2021-08-31	$0.028	$0.028	USD	-	2021-08-31	2021-08-31	Monthly
2021-07-31	$0.026	$0.026	USD	-	2021-07-30	2021-07-31	Monthly
2021-06-30	$0.025	$0.025	USD	-	2021-06-30	2021-06-30	Monthly
2021-05-31	$0.026	$0.026	USD	-	2021-05-28	2021-05-31	Monthly
2021-04-30	$0.025	$0.025	USD	-	2021-04-30	2021-04-30	Monthly
2021-03-31	$0.023	$0.023	USD	-	2021-03-31	2021-03-31	Monthly
2021-02-28	$0.021	$0.021	USD	-	2021-02-26	2021-02-28	Monthly
2021-01-31	$0.027	$0.027	USD	-	2021-01-29	2021-01-31	Monthly
2020-12-31	$0.032	$0.032	USD	-	2020-12-31	2020-12-31	Monthly
2020-11-30	$0.022	$0.022	USD	-	2020-11-30	2020-11-30	Monthly
2020-10-30	$0.024	$0.024	USD	-	2020-10-30	2020-10-30	Monthly
2020-09-30	$0.022	$0.022	USD	-	2020-09-30	2020-09-30	Monthly
2020-08-31	$0.020	$0.020	USD	-	2020-08-31	2020-08-31	Monthly
2020-07-31	$0.020	$0.020	USD	-	2020-07-31	2020-07-31	Monthly
2020-06-30	$0.021	$0.021	USD	-	2020-06-30	2020-06-30	Monthly
2020-05-29	$0.027	$0.027	USD	-	2020-05-29	2020-05-29	Monthly
2020-04-30	$0.030	$0.030	USD	-	2020-04-30	2020-04-30	Monthly
2020-03-31	$0.035	$0.035	USD	-	2020-03-31	2020-03-31	Monthly
2020-02-28	$0.031	$0.031	USD	-	2020-02-28	2020-02-28	Monthly
2020-01-31	$0.035	$0.035	USD	-	2020-01-31	2020-01-31	Monthly
2019-12-31	$0.034	$0.034	USD	-	2019-12-31	2019-12-31	Monthly
2019-11-29	$0.034	$0.034	USD	2019-01-30	2019-11-29	2019-11-29	Monthly
2019-10-31	$0.035	$0.035	USD	2019-01-30	2019-10-31	2019-10-31	Monthly
2019-09-30	$0.036	$0.036	USD	2019-01-30	2019-09-30	2019-09-30	Monthly
2019-08-30	$0.037	$0.037	USD	2019-01-30	2019-08-30	2019-08-30	Monthly
2019-07-31	$0.038	$0.038	USD	2019-01-30	2019-07-31	2019-07-31	Monthly
2019-06-28	$0.038	$0.038	USD	-	-	-	-
2019-05-31	$0.040	$0.040	USD	2019-01-30	2019-05-31	2019-05-31	Monthly
2019-04-30	$0.039	$0.039	USD	2019-01-30	2019-04-30	2019-04-30	Monthly
2019-03-29	$0.040	$0.040	USD	2019-01-30	2019-03-29	2019-03-29	Monthly
2019-02-28	$0.039	$0.039	USD	2019-01-30	2019-02-28	2019-02-28	Monthly
2019-01-31	$0.043	$0.043	USD	2019-01-30	2019-01-31	2019-01-31	Monthly
2018-12-31	$0.040	$0.040	USD	2018-12-31	2018-12-31	2018-12-31	Monthly
2018-11-30	$0.036	$0.036	USD	2018-12-01	2018-11-30	2018-11-30	Monthly
2018-10-31	$0.036	$0.036	USD	2018-11-02	2018-10-31	2018-10-31	Monthly
2018-09-28	$0.035	$0.035	USD	-	-	-	-
2018-08-31	$0.037	$0.037	USD	2018-09-01	2018-08-31	2018-08-31	Monthly
2018-07-31	$0.036	$0.036	USD	2018-08-01	2018-07-31	2018-07-31	Monthly
2018-06-29	$0.035	$0.035	USD	-	-	-	-
2018-05-31	$0.036	$0.036	USD	2018-06-01	2018-05-31	2018-05-31	Monthly
2018-04-30	$0.034	$0.034	USD	2018-05-01	2018-04-30	2018-04-30	Monthly
2018-03-29	$0.033	$0.033	USD	-	-	-	-
2018-02-28	$0.031	$0.031	USD	2018-03-01	2018-02-28	2018-02-28	Monthly
2018-01-31	$0.033	$0.033	USD	2018-02-01	2018-01-31	2018-01-31	Monthly
2017-12-29	$0.031	$0.031	USD	-	-	-	-
2017-11-30	$0.031	$0.031	USD	2017-12-02	2017-11-30	2017-11-30	Monthly
2017-10-31	$0.033	$0.033	USD	2017-11-01	2017-10-31	2017-10-31	Monthly
2017-09-29	$0.032	$0.032	USD	-	-	-	-
2017-08-31	$0.033	$0.033	USD	2017-09-21	2017-08-31	2017-08-31	Monthly
2017-07-31	$0.033	$0.033	USD	-	-	-	-
2017-06-30	$0.031	$0.031	USD	-	-	-	-
2017-05-31	$0.032	$0.032	USD	-	-	-	-
2017-04-28	$0.030	$0.030	USD	-	-	-	-
2017-03-31	$0.028	$0.028	USD	-	-	-	-
2017-02-28	$0.026	$0.026	USD	-	-	-	-
2017-01-31	$0.028	$0.028	USD	-	-	-	-