Federated Hermes Adjustable Rate Fund (FEUGX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Federated Hermes Adjustable Rate Fund (FEUGX) is up 1.8% since the beginning of the year. FEUGX is currently trading at $9 per share. Investors who bought $1,000 worth of FEUGX shares 5 years ago would now be looking at an investment worth $1,140.

Federated Hermes Adjustable Rate Fund (FEUGX) has returned 1.82% so far this year and 5.35% over the past 12 months. Over the last ten years, FEUGX has returned 1.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Dec 3, 1985, FEUGX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 78% of months were positive and 22% were negative. The best month was Jan 1988 with a return of +4.4%, while the worst month was Apr 1987 at -5.2%. The longest winning streak lasted 56 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FEUGX closed higher 21% of trading days. The best single day was Oct 22, 1987 with a return of +6.6%, while the worst single day was Jun 2, 1987 at -2.2%.

Federated Hermes Adjustable Rate Fund has an annualized alpha of 2.85%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 04, 1985.

• This fund captured 8.48% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.71%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FEUGX has an expense ratio of 0.55%, placing it in the medium range.

FEUGX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Federated Hermes Adjustable Rate Fund (FEUGX) and compare them to S&P 500 Index.

Federated Hermes Adjustable Rate Fund provided a 4.34% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 18.32%, occurring on Oct 16, 1987. Recovery took 791 trading sessions.

The chart below shows the rolling one-month volatility.