Federated Hermes Adjustable Rate Fund (FEUGX)
The fund invests at least 65% of the value of its total assets in a professionally managed portfolio of U.S. government securities consisting primarily of adjustable and floating rate mortgage securities which are issued or guaranteed by the U.S. government, its agencies or instrumentalities. It may also invest up to 20% of its assets in fixed-rate, mortgage-backed securities and other fixed-rate securities.
Fund Info
| ISIN | US3140821089 |
|---|---|
| CUSIP | 314082108 |
| Issuer | Federated |
| Inception Date | Dec 2, 1985 |
| Category | Government Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
FEUGX has a high expense ratio of 0.55%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Adjustable Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Adjustable Rate Fund had a return of 2.04% year-to-date (YTD) and 5.18% in the last 12 months. Over the past 10 years, Federated Hermes Adjustable Rate Fund had an annualized return of 1.06%, while the S&P 500 had an annualized return of 10.99%, indicating that Federated Hermes Adjustable Rate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.04% | 11.18% |
| 1 month | 0.67% | 5.60% |
| 6 months | 3.38% | 17.48% |
| 1 year | 5.18% | 26.33% |
| 5 years (annualized) | 1.40% | 13.16% |
| 10 years (annualized) | 1.06% | 10.99% |
Monthly Returns
The table below presents the monthly returns of FEUGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | 0.23% | 0.32% | 0.26% | 2.04% | ||||||||
| 2023 | 1.20% | 0.12% | 0.45% | 0.11% | 0.21% | 0.29% | 0.08% | 0.20% | -0.43% | 0.65% | 1.21% | 0.76% | 4.96% |
| 2022 | -0.20% | -0.20% | -0.30% | -0.42% | 0.16% | -0.24% | 0.42% | -0.14% | -0.97% | -0.40% | 0.61% | -0.64% | -2.29% |
| 2021 | 0.02% | 0.05% | -0.15% | 0.12% | -0.09% | 0.03% | 0.10% | -0.09% | 0.00% | -0.09% | -0.09% | 0.01% | -0.18% |
| 2020 | 0.49% | 0.25% | -1.92% | 1.07% | 0.40% | 0.18% | 0.16% | 0.17% | 0.05% | 0.05% | 0.04% | 0.02% | 0.96% |
| 2019 | 0.20% | 0.21% | 0.31% | 0.09% | 0.40% | 0.29% | 0.21% | 0.19% | 0.21% | 0.18% | 0.06% | 0.18% | 2.55% |
| 2018 | 0.02% | 0.13% | 0.14% | 0.03% | 0.24% | 0.11% | 0.14% | 0.13% | 0.06% | 0.06% | 0.28% | 0.29% | 1.65% |
| 2017 | 0.16% | 0.06% | -0.04% | 0.08% | 0.08% | -0.03% | 0.07% | 0.08% | 0.09% | 0.09% | 0.09% | -0.08% | 0.66% |
| 2016 | -0.06% | -0.15% | 0.05% | -0.05% | 0.15% | 0.17% | 0.05% | -0.06% | 0.16% | -0.04% | -0.04% | 0.08% | 0.26% |
| 2015 | 0.14% | -0.06% | 0.05% | 0.04% | 0.03% | -0.06% | 0.04% | -0.07% | 0.04% | -0.16% | -0.15% | -0.15% | -0.32% |
| 2014 | 0.05% | 0.04% | 0.05% | 0.15% | 0.04% | 0.04% | 0.25% | 0.11% | -0.07% | 0.13% | 0.03% | -0.05% | 0.78% |
| 2013 | -0.04% | 0.06% | 0.05% | 0.05% | -0.16% | -0.36% | 0.04% | -0.07% | 0.04% | -0.06% | 0.15% | -0.04% | -0.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FEUGX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FEUGX (Federated Hermes Adjustable Rate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Adjustable Rate Fund (FEUGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Adjustable Rate Fund granted a 5.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.44 | $0.14 | $0.02 | $0.10 | $0.22 | $0.17 | $0.09 | $0.07 | $0.05 | $0.05 | $0.06 |
Dividend yield | 5.13% | 4.72% | 1.51% | 0.24% | 1.06% | 2.31% | 1.74% | 0.97% | 0.67% | 0.50% | 0.47% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Adjustable Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.14 |
| 2021 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.10 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2016 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.05 |
| 2014 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.05 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Adjustable Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Adjustable Rate Fund was 12.83%, occurring on Oct 16, 1987. Recovery took 75 trading sessions.
The current Federated Hermes Adjustable Rate Fund drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.83% | Mar 5, 1987 | 162 | Oct 16, 1987 | 75 | Jan 29, 1988 | 237 |
| -6.67% | Dec 21, 1989 | 91 | Apr 26, 1990 | 67 | Jul 30, 1990 | 158 |
| -6.09% | Mar 4, 1988 | 57 | May 23, 1988 | 95 | Oct 3, 1988 | 152 |
| -5.33% | Aug 2, 1990 | 17 | Aug 24, 1990 | 49 | Nov 1, 1990 | 66 |
| -4.06% | Aug 2, 1989 | 15 | Aug 22, 1989 | 50 | Oct 31, 1989 | 65 |
Volatility
Volatility Chart
The current Federated Hermes Adjustable Rate Fund volatility is 0.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.