Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

Federated Hermes Government Ultrashort Fund

mutual fund
FGUSX
Payout Change
Pending
Price as of:
$9.81 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
R6 (FGULX) Instl (FGUSX) S (FEUSX) A (FGUAX)
FGUSX (Mutual Fund)

Federated Hermes Government Ultrashort Fund

Payout Change
Pending
Price as of:
$9.81 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
R6 (FGULX) Instl (FGUSX) S (FEUSX) A (FGUAX)
FGUSX (Mutual Fund)

Federated Hermes Government Ultrashort Fund

Payout Change
Pending
Price as of:
$9.81 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
R6 (FGULX) Instl (FGUSX) S (FEUSX) A (FGUAX)

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Government Ultrashort Fund

FGUSX | Fund

$9.81

$943 M

5.07%

$0.50

0.43%

Vitals

YTD Return

5.7%

1 yr return

5.7%

3 Yr Avg Return

3.6%

5 Yr Avg Return

2.6%

Net Assets

$943 M

Holdings in Top 10

45.6%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.43%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Government Ultrashort Fund

FGUSX | Fund

$9.81

$943 M

5.07%

$0.50

0.43%

FGUSX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.24%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Government Ultrashort Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jul 06, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Susan Hill

Fund Description

The Fund’s overall strategy is to invest in a portfolio of U.S. government securities and U.S. government agency securities (including mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises (GSEs)) with an overall dollar-weighted average duration of one year or less. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Within the one-year duration constraint, the Adviser will seek to lengthen or shorten portfolio duration based on its interest rate outlook.The Fund implements this strategy by dividing its portfolio into two major components. Although the Fund is not a money market fund and its share price will fluctuate, the Fund invests one component in U.S. government securities (including repurchase agreements collateralized by U.S. government securities and U.S. government agency securities) that are eligible for purchase by money market funds. The Fund invests the other component in mortgage-backed securities issued or guaranteed by GSEs, including floating-rate collateralized mortgage obligations and adjustable-rate mortgages. The Fund uses mortgage-backed securities to increase the income provided by the portfolio. Within each component of the portfolio, the Adviser makes decisions of which securities to buy and sell based on the relative yield and risks of available securities with comparable durations. The Fund evaluates its investment strategy by comparing the performance and composition of the Fund’s portfolio against the performance and composition of an index composed of U.S. Treasury bills with maturities of six months.The Fund intends to qualify as a permissible investment for national banks, federal credit unions and savings associations under current applicable federal laws and regulations. Accordingly, the Fund will limit its investments to securities that are eligible for direct investment by such institutions. However, the Fund does not limit its investments to “Type 1 Securities” under the federal banking laws and regulations; and accordingly, a national bank is not permitted under these laws and regulations to invest more than 10% of its capital and surplus in the Fund. In addition, certain of the Fund’s investment transactions and techniques may be subject to the general lending limits imposed on national banks. Such national banks and federal credit unions and savings associations should consult their legal counsel regarding federal laws and regulations applicable to their investment in the Fund.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, to a lesser extent, the Fund may invest in certain government securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in government investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in government investments.
Read More

FGUSX - Performance

Return Ranking - Trailing

Period FGUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -0.8% 8.5% 44.81%
1 Yr 5.7% -0.5% 8.6% 44.81%
3 Yr 3.6%* -1.2% 5.7% 62.44%
5 Yr 2.6%* -1.0% 4.4% 48.95%
10 Yr 1.8%* -4.1% 27.9% 70.25%

* Annualized

Return Ranking - Calendar

Period FGUSX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.2% -2.3% 4.3% 97.64%
2022 -1.1% -6.5% 0.5% 28.78%
2021 -0.2% -2.1% 0.3% 25.13%
2020 0.8% -3.1% 1.8% 15.71%
2019 -0.1% -1.2% 6.1% 89.50%

Total Return Ranking - Trailing

Period FGUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -0.8% 8.5% 44.81%
1 Yr 5.7% -0.5% 8.6% 44.81%
3 Yr 3.6%* -1.2% 5.7% 62.44%
5 Yr 2.6%* -1.0% 4.4% 48.95%
10 Yr 1.8%* -4.1% 27.9% 70.25%

* Annualized

Total Return Ranking - Calendar

Period FGUSX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% 0.8% 12.1% 86.32%
2022 0.1% -5.1% 2.5% 42.93%
2021 0.5% -2.1% 14.5% 17.09%
2020 1.6% -1.0% 3.6% 48.17%
2019 2.1% 0.3% 9.6% 83.98%

NAV & Total Return History

FGUSX - Holdings

Concentration Analysis

FGUSX Category Low Category High FGUSX % Rank
Net Assets 943 M 26.6 K 28.6 B 48.11%
Number of Holdings 222 2 1258 64.15%
Net Assets in Top 10 557 M 27.7 K 22.7 B 27.83%
Weighting of Top 10 45.62% 6.3% 159.6% 14.62%

Top 10 Holdings

  1. J P MORGAN TERM REPO 8.19%
  2. BANK OF MONTREAL 6 8.19%
  3. REPO BANK AMERICA 6.81%
  4. Freddie Mac Multifamily Structured Pass Through Certificates 4.06%
  5. Government National Mortgage Association 3.65%
  6. Government National Mortgage Association 3.26%
  7. Freddie Mac Multifamily Structured Pass Through Certificates 3.14%
  8. Freddie Mac Multifamily Structured Pass Through Certificates 2.93%
  9. Government National Mortgage Association 2.89%
  10. Freddie Mac REMICS 2.49%

Asset Allocation

Weighting Return Low Return High FGUSX % Rank
Bonds 		80.86% 0.00% 129.63% 53.77%
Other 		23.20% -13.48% 99.96% 19.81%
Stocks 		0.00% 0.00% 97.16% 67.92%
Preferred Stocks 		0.00% 0.00% 1.02% 61.79%
Convertible Bonds 		0.00% 0.00% 15.25% 90.05%
Cash 		0.00% 0.00% 112.72% 99.06%

Bond Sector Breakdown

Weighting Return Low Return High FGUSX % Rank
Securitized 		47.52% 0.00% 100.00% 21.33%
Government 		14.34% 0.00% 100.00% 21.33%
Derivative 		0.00% -13.48% 16.56% 54.72%
Cash & Equivalents 		0.00% 0.00% 112.72% 96.70%
Corporate 		0.00% 0.00% 99.91% 94.31%
Municipal 		0.00% 0.00% 70.39% 79.62%

Bond Geographic Breakdown

Weighting Return Low Return High FGUSX % Rank
US 		80.86% 0.00% 129.63% 50.94%
Non US 		0.00% 0.00% 20.18% 66.51%

FGUSX - Expenses

Operational Fees

FGUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.08% 29.63% 58.37%
Management Fee 0.25% 0.00% 1.19% 50.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 40.22%

Sales Fees

FGUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FGUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FGUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 336.00% 12.36%

FGUSX - Distributions

Dividend Yield Analysis

FGUSX Category Low Category High FGUSX % Rank
Dividend Yield 5.07% 0.00% 8.76% 10.85%

Dividend Distribution Analysis

FGUSX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

FGUSX Category Low Category High FGUSX % Rank
Net Income Ratio 0.24% -1.30% 14.86% 69.12%

Capital Gain Distribution Analysis

FGUSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FGUSX - Fund Manager Analysis

Managers

Susan Hill

Start Date

Tenure

Tenure Rank

Jul 10, 1997

24.91

24.9%

Ms. Hill joined Federated in 1990 and has been a Senior Portfolio Manager since 2003 and a Senior Vice President of Federated Investment Management Company since 2005. Ms. Hill was a Portfolio Manager from 1994 until 2003, and served as Vice President of the Fund's Adviser from 1997 until 2004 and as Assistant Vice President of the Fund's Adviser from 1994 until 1997. Ms. Hill has received the Chartered Financial Analyst designation and an M.S. in Industrial Administration from Carnegie Mellon University.

Liam O'Connell

Start Date

Tenure

Tenure Rank

Nov 01, 2010

11.59

11.6%

Liam O’Connell, CFA, has been the Fund’s portfolio manager since April of 2017. Mr. O’Connell is responsible for providing research and advice on sector allocation and security selection. He has been with the Adviser or an affiliate since 2003; has worked in investment management since 2003; has managed investment portfolios since 2005. Education: B.S., Webb Institute of Naval Architecture; M.S, Johns Hopkins University; M.B.A., Massachusetts Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×