FTIAX

About FTIAX

Federated Hermes Short-Term Income Fund Class A is an actively managed mutual fund focused on generating current income from a diversified portfolio of short- and medium-term fixed-income securities. The strategy emphasizes investment-grade instruments, including U.S. government and agency debt, as well as privately issued mortgage-backed and asset-backed securities, aligning with a short-term bond profile designed to temper interest-rate sensitivity relative to longer-duration funds. The fund distributes income monthly and targets broad sector exposure across corporates, asset-backed securities, Treasuries, and mortgages, supported by a large, multi-hundred holding count that enhances diversification. Positioned within the short-term bond category, it seeks a balance of income and stability, with a low risk rating and an index context tied to short-dated government and credit benchmarks. Established in 2004 and managed under Federated Hermes’ fixed-income platform, it plays a role for investors seeking conservative bond market participation, cash-flow consistency, and credit diversification without the constraints of money market fund rules.