Federated Hermes Government Income Fund (FICMX)

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Federated Hermes Government Income Fund (FICMX) is up 0.3% since the beginning of the year. FICMX is currently trading at $9 per share. Investors who bought $1,000 worth of FICMX shares 5 years ago would now be looking at an investment worth $986.

Federated Hermes Government Income Fund (FICMX) has returned 0.33% so far this year and 6.14% over the past 12 months. Over the last ten years, FICMX has returned 0.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 30, 1982, FICMX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +5.7%, while the worst month was May 1984 at -6.2%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FICMX closed higher 37% of trading days. The best single day was Jul 31, 1984 with a return of +4.1%, while the worst single day was May 31, 1984 at -6.2%.

Federated Hermes Government Income Fund has an annualized alpha of 3.63%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 30, 1982.

• This fund captured 10.66% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.41%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

FICMX has an expense ratio of 0.63%, placing it in the medium range.

FICMX ranks 30 for risk / return — below 30% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Federated Hermes Government Income Fund provided a 3.73% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Government Income 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 Government Income 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 Fund was 19.81%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Federated Hermes Government Income Fund drawdown is 2.91%.

The chart below shows the rolling one-month volatility.