# Portfolio overlap — FSTIX vs VFSTX

Comparing **Federated Hermes Short-Term Income Fund** (2026-04-30) and **VANGUARD SHORT-TERM INVESTMENT-GRADE FUND** (2026-01-31).

- Shared positions: 170
- Federated Hermes Short-Term Income Fund covered by VANGUARD SHORT-TERM INVESTMENT-GRADE FUND: 0.08113135969063711077381452321
- VANGUARD SHORT-TERM INVESTMENT-GRADE FUND covered by Federated Hermes Short-Term Income Fund: 0.08113135969063711077381452321

## Federated Hermes Short-Term Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | 0.037678 |  |
| Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.035994 |  |
| FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.024385 |  |
| US TREASURY N/B | 0.016229 |  |
| US TREASURY N/B | 0.016099 |  |
| FEDERATED CORE TR MUTUAL FUND | 0.009469 |  |
| SDART 2024-4 D 5.32% 12-15-31 | 0.008187 |  |
| US TREASURY N/B | 0.008161 |  |
| US TREASURY N/B | 0.007993 | ✓ |
| SDART 2024-2 D | 0.007210 | ✓ |
| Freddie Mac Pool | 0.005602 |  |
| VZMT 2025-4 C | 0.005575 | ✓ |
| SDART 2025-3 D | 0.005548 | ✓ |
| NextGear Floorplan Master Owner Trust | 0.005197 |  |
| SDART 2025-1 D | 0.005194 | ✓ |
| HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/26 5.95 | 0.004884 |  |
| FORD CR FLOORPLN MAST OWN TR 2023-1 D 6.62% 05/15/2028 144A | 0.004695 |  |
| FORDF 2023-1 B | 0.004586 |  |
| Freddie Mac Pool | 0.004419 |  |
| GMF FLOORPLAN OWNER REVOLVING TRUST | 0.004343 | ✓ |
| World Omni Automobile Lease Securitization Trust 2025-A | 0.004327 |  |
| CMO | 0.004320 |  |
| BX Commercial Mortgage Trust 2026-CSMO | 0.004320 |  |
| JW Commercial Mortgage Trust, Series 2024-MRCO, Class C | 0.004314 |  |
| BANK NOVA SCOTIA | 0.004280 |  |
| Santander Drive Auto Receivables Trust 2026-1 | 0.004254 |  |
| VZMT 2024-8 C | 0.004234 | ✓ |
| SDART 2024-5 D 5.14% 02-17-32 | 0.004081 | ✓ |
| FORD CR FLOORPLN MAST OWN TR 2023-1 C 5.75% 05/15/2028 144A | 0.004048 |  |
| PFS Financing Corporation 5.71%, Due 05/15/2028 | 0.004028 |  |
| Huntington Bank Auto Credit-Linked Notes Series 2026-1 | 0.004026 |  |
| AerCap Ireland Capital Designated Activity Company | 0.003888 |  |
| Freddie Mac Multifamily Structured Pass Through Certificates | 0.003839 |  |
| Chase Auto Owner Trust 2024-2 | 0.003835 |  |
| Drive Auto Receivables Trust, Series 2024-1, Class C | 0.003826 | ✓ |
| Salesforce Inc | 0.003783 |  |
| ORL Trust, Series 2024-GLKS, Class B | 0.003781 |  |
| GOLDEN CREDIT CARD TRUST | 0.003751 |  |
| PFS Financing Corp | 0.003666 |  |
| NextGear Floorplan Master Owner Trust | 0.003613 |  |
| SDART 2025-2 D | 0.003527 | ✓ |
| Nissan Auto Receivables 2025-B Owner Trust | 0.003497 |  |
| SDART 2025-4 D 4.95% 01-15-32 | 0.003493 | ✓ |
| Enterprise Fleet Financing 2026-1 LLC | 0.003364 |  |
| GXO LOGISTICS | 0.003360 |  |
| US BANCORP | 0.003321 | ✓ |
| BLACK HILLS CORP | 0.003316 |  |
| DAIMLER TRUCK | 0.003300 | ✓ |
| BANK OF AMER CRP | 0.003297 | ✓ |
| FORD CREDIT AUTO OWNER TRUST 2023-REV1 | 0.003287 |  |

## VANGUARD SHORT-TERM INVESTMENT-GRADE FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.007858 |  |
| US TREASURY N/B | 0.007126 |  |
| Vanguard Market Liquidity Fund | 0.006747 |  |
| US TREASURY N/B | 0.006103 |  |
| ABBVIE INC | 0.005884 |  |
| BOEING CO | 0.005747 |  |
| US TREASURY N/B | 0.005738 |  |
| US TREASURY N/B | 0.005516 |  |
| US TREASURY N/B | 0.005380 |  |
| US TREASURY N/B | 0.005200 |  |
| US TREASURY N/B | 0.004970 |  |
| US TREASURY N/B | 0.004948 |  |
| US TREASURY N/B | 0.004785 | ✓ |
| US TREASURY N/B | 0.004769 |  |
| PFIZER INVSTMNT | 0.004401 |  |
| MARS INC SR UNSECURED 144A 03/28 4.6 | 0.003806 |  |
| UNITED MEXICAN | 0.003641 |  |
| META PLATFORMS | 0.003543 | ✓ |
| BAT INTL FINANCE | 0.003410 | ✓ |
| MARS INC | 0.003189 |  |
| NETFLIX INC | 0.003172 |  |
| Mexico Government International Bonds | 0.003105 |  |
| LOWE'S COS INC | 0.003018 |  |
| AMGEN INC | 0.002878 |  |
| REGIONS FINL | 0.002827 | ✓ |
| ORACLE CORP | 0.002793 | ✓ |
| MORGAN STANLEY | 0.002743 |  |
| BAT CAPITAL CORP | 0.002691 |  |
| KSA SUKUK LTD | 0.002662 |  |
| UNITED MEXICAN | 0.002645 |  |
| COF V5.463 07/26/30 | 0.002599 |  |
| US TREASURY N/B | 0.002585 |  |
| The Goldman Sachs Group, Inc. 4.153 10/21/2029 | 0.002577 |  |
| AT&T INC | 0.002543 | ✓ |
| UBS GROUP | 0.002504 |  |
| AMEREN CORP | 0.002503 |  |
| PNC FINANCIAL | 0.002496 | ✓ |
| SAUDI INTERNATIONAL BOND 5.125000% 01/13/2028 | 0.002474 |  |
| US TREASURY N/B | 0.002389 |  |
| ROYAL BK CANADA | 0.002345 |  |
| NORTHROP GRUMMAN | 0.002345 |  |
| GOLDMAN SACHS GP | 0.002341 | ✓ |
| GOLDMAN SACHS GP | 0.002339 |  |
| SPRINT CAP CORP | 0.002331 |  |
| GOLDMAN SACHS GP | 0.002308 |  |
| US TREASURY N/B | 0.002284 |  |
| FIFTH THIRD BANC | 0.002257 | ✓ |
| US TREASURY N/B | 0.002234 |  |
| ABBVIE INC | 0.002212 |  |
| T-MOBILE USA INC | 0.002203 |  |


## Sources

- N-PORT (fund A) — accession `0000789281-26-000084` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/789281/000078928126000084/0000789281-26-000084-index.htm>
- N-PORT (fund B) — accession `0000106444-26-000145` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/106444/000010644426000145/0000106444-26-000145-index.htm>

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