Federated Hermes Government Ultrashort Fund (FGUSX)
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 increase the fund's current income by lengthening or shortening portfolio duration based on its interest rate outlook.
Fund Info
| ISIN | US31420B8880 |
|---|---|
| CUSIP | 31420B888 |
| Issuer | Federated |
| Inception Date | Jul 10, 1997 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The Federated Hermes Government Ultrashort Fund has a high expense ratio of 0.26%, 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 Ultrashort 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 Government Ultrashort Fund had a return of 1.31% year-to-date (YTD) and 4.65% in the last 12 months. Over the past 10 years, Federated Hermes Government Ultrashort Fund had an annualized return of 1.36%, while the S&P 500 had an annualized return of 10.55%, indicating that Federated Hermes Government Ultrashort Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.31% | 6.33% |
| 1 month | 0.28% | -2.81% |
| 6 months | 3.02% | 21.13% |
| 1 year | 4.65% | 24.56% |
| 5 years (annualized) | 1.88% | 11.55% |
| 10 years (annualized) | 1.36% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 0.46% | 0.20% | |||||||||
| 2023 | -0.31% | 0.65% | 0.88% | 0.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Federated Hermes Government Ultrashort Fund(FGUSX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Government Ultrashort Fund (FGUSX) 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 Ultrashort Fund granted a 5.52% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.51 | $0.15 | $0.02 | $0.07 | $0.22 | $0.18 | $0.09 | $0.05 | $0.03 | $0.03 | $0.03 |
Dividend yield | 5.52% | 5.19% | 1.57% | 0.20% | 0.66% | 2.23% | 1.78% | 0.95% | 0.52% | 0.25% | 0.26% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Government Ultrashort 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.05 | |||||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 Ultrashort 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 Ultrashort Fund was 80.10%, occurring on Nov 25, 1999. Recovery took 3 trading sessions.
The current Federated Hermes Government Ultrashort Fund drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.1% | Nov 16, 1999 | 8 | Nov 25, 1999 | 3 | Nov 30, 1999 | 11 |
| -80% | Nov 27, 1997 | 1 | Nov 27, 1997 | 1 | Nov 28, 1997 | 2 |
| -80% | Sep 7, 1998 | 1 | Sep 7, 1998 | 1 | Sep 8, 1998 | 2 |
| -80% | Nov 26, 1998 | 1 | Nov 26, 1998 | 2 | Nov 30, 1998 | 3 |
| -80% | Feb 15, 1999 | 1 | Feb 15, 1999 | 1 | Feb 16, 1999 | 2 |
Volatility
Volatility Chart
The current Federated Hermes Government Ultrashort Fund volatility is 0.55%, 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.