FSILX

About FSILX

Federated Hermes Short‑Term Income Fund R6 is an actively managed mutual fund focused on generating current income from a diversified mix of high‑quality, short‑duration fixed‑income securities. The portfolio spans U.S. Treasury and agency securities, corporate bonds, and both mortgage‑backed and asset‑backed securities, targeting a conservative maturity profile to help manage interest‑rate sensitivity. The strategy emphasizes credit quality, with a mandate that a substantial portion of holdings are investment‑grade, and dynamically allocates among sectors to balance income and risk across changing market conditions. The fund uses composite and government/credit benchmarks tailored to the 0–3 year segment, reflecting its short‑term orientation and multi‑sector approach. Managed by Federated Hermes, it is designed for institutional platforms and retirement plans seeking consistent income, liquidity, and diversification benefits relative to cash alternatives while maintaining a disciplined risk framework. R6 shares commenced operations in 2017, carrying institutional features such as lower expense structures and no distribution fees, aligning the share class with cost‑sensitive fiduciary settings. Key characteristics include broad holdings, monthly income distribution, and active sector rotation within investment‑grade short credit.