Federated Hermes Government Income Securities Fund (FGOIX)
The investment seeks current income. Under normal market conditions, the fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality and seeks to provide returns consistent with investments in the market for U.S. home mortgages. It will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in U.S. government investments.
Fund Info
| ISIN | US3139121079 |
|---|---|
| CUSIP | 313912107 |
| Issuer | Federated |
| Inception Date | Apr 3, 1986 |
| Category | Government Bonds |
| Min. Investment | $1,500 |
| Asset Class | Bond |
Expense Ratio
FGOIX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Government Income Securities 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.18% |
| 1 month | N/A | 5.60% |
| 6 months | N/A | 17.48% |
| 1 year | N/A | 26.33% |
| 5 years (annualized) | N/A | 13.16% |
| 10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of FGOIX, 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 | -0.32% | -1.83% | |||||||||||
| 2023 | 2.96% | -2.40% | 1.91% | 0.58% | -0.98% | -0.59% | -0.20% | -0.86% | -3.01% | -2.13% | 4.91% | 3.89% | 3.78% |
| 2022 | -1.68% | -0.92% | -2.79% | -3.22% | 0.52% | -1.45% | 2.42% | -3.15% | -4.42% | -1.68% | 3.45% | -0.48% | -12.88% |
| 2021 | -0.33% | -1.09% | -0.88% | 0.46% | 0.01% | 0.11% | 0.78% | -0.23% | -0.67% | -0.34% | 0.11% | -0.33% | -2.38% |
| 2020 | 1.39% | 1.62% | 1.14% | 0.91% | -0.06% | 0.14% | 0.69% | -0.39% | 0.13% | -0.64% | 0.23% | 0.12% | 5.37% |
| 2019 | 0.63% | -0.16% | 1.60% | -0.15% | 1.70% | 0.64% | 0.19% | 1.77% | -0.38% | 0.18% | -0.16% | -0.14% | 5.84% |
| 2018 | -1.09% | -0.66% | 0.64% | -0.76% | 0.64% | 0.06% | -0.29% | 0.42% | -0.63% | -0.63% | 0.79% | 1.79% | 0.25% |
| 2017 | 0.15% | 0.40% | -0.05% | 0.63% | 0.51% | -0.17% | 0.29% | 0.74% | -0.63% | -0.06% | -0.18% | 0.17% | 1.80% |
| 2016 | 1.50% | 0.40% | 0.17% | 0.17% | 0.07% | 1.40% | 0.17% | -0.27% | 0.17% | -0.60% | -1.83% | -0.24% | 1.09% |
| 2015 | 1.50% | -0.80% | 0.52% | -0.25% | -0.26% | -0.70% | 0.64% | -0.03% | 0.52% | -0.15% | -0.26% | -0.32% | 0.39% |
| 2014 | 1.32% | 0.31% | -0.26% | 0.65% | 0.99% | 0.09% | -0.45% | 0.75% | -0.36% | 0.65% | 0.77% | 0.14% | 4.67% |
| 2013 | -0.46% | 0.41% | 0.07% | 0.41% | -1.44% | -1.57% | 0.09% | -0.59% | 1.10% | 0.43% | -0.13% | -0.66% | -2.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Government Income Securities Fund (FGOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Government Income Securities Fund granted a 2.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.16 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.18 | $0.15 | $0.13 | $0.15 | $0.20 | $0.19 | $0.18 | $0.19 | $0.21 | $0.22 | $0.21 |
Dividend yield | 2.20% | 2.01% | 1.68% | 1.27% | 1.44% | 1.88% | 1.88% | 1.73% | 1.84% | 1.98% | 2.06% | 2.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Government Income Securities 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 | $0.02 | $0.02 | $0.04 | ||||||||||
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2016 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2014 | $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 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
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 Government Income Securities 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 Government Income Securities Fund was 20.08%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.08% | Aug 10, 2020 | 805 | Oct 19, 2023 | — | — | — |
| -5.91% | Aug 18, 1987 | 45 | Oct 19, 1987 | 13 | Nov 5, 1987 | 58 |
| -5.21% | Apr 13, 1999 | 86 | Aug 10, 1999 | 167 | Apr 3, 2000 | 253 |
| -4.87% | Jan 31, 1994 | 73 | May 11, 1994 | 205 | Feb 22, 1995 | 278 |
| -4.8% | Nov 8, 2001 | 27 | Dec 17, 2001 | 122 | Jun 13, 2002 | 149 |
Volatility
Volatility Chart
The current Federated Hermes Government Income Securities Fund volatility is 2.26%, 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.