Federated Hermes Government Income Fund (FICMX)
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 also may invest in U.S. government securities and certain derivative instruments.
Fund Info
US3141991006
314199100
Mar 29, 1982
$1,000,000
Expense Ratio
FICMX features an expense ratio of 0.63%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Government Income 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 Income Fund had a return of 0.63% year-to-date (YTD) and 3.80% in the last 12 months. Over the past 10 years, Federated Hermes Government Income Fund had an annualized return of 0.51%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Government Income Fund did not perform as well as the benchmark.
FICMX
0.63%
0.74%
-1.59%
3.80%
-1.15%
0.51%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FICMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.63% | 0.63% | |||||||||||
| 2024 | -0.08% | -2.11% | 0.69% | -2.94% | 1.99% | 1.04% | 2.88% | 1.34% | 1.59% | -3.10% | 1.30% | -1.71% | 0.66% |
| 2023 | 3.23% | -2.72% | 1.89% | 0.22% | -0.66% | -0.68% | -0.11% | -0.99% | -3.76% | -2.36% | 5.74% | 4.16% | 3.57% |
| 2022 | -1.41% | -0.77% | -2.67% | -3.27% | 0.97% | -1.51% | 3.20% | -3.18% | -5.06% | -1.85% | 4.26% | -0.67% | -11.68% |
| 2021 | 0.23% | -0.53% | -0.62% | 0.59% | -0.57% | 0.00% | 0.54% | -0.06% | -0.23% | -0.34% | -0.21% | -0.32% | -1.52% |
| 2020 | 0.72% | 0.93% | 0.46% | 0.91% | 0.31% | 0.04% | 0.48% | 0.24% | -0.16% | -0.11% | 0.03% | 0.34% | 4.26% |
| 2019 | 0.80% | -0.18% | 1.32% | -0.08% | 1.21% | 0.59% | 0.38% | 0.85% | 0.07% | 0.35% | 0.06% | 0.25% | 5.76% |
| 2018 | -1.11% | -0.59% | 0.53% | -0.50% | 0.53% | 0.01% | -0.09% | 0.40% | -0.43% | -0.71% | 0.94% | 1.64% | 0.57% |
| 2017 | -0.01% | 0.48% | -0.09% | 0.61% | 0.40% | -0.29% | 0.38% | 0.58% | -0.21% | 0.01% | -0.21% | 0.24% | 1.92% |
| 2016 | 1.15% | 0.37% | 0.18% | 0.16% | 0.17% | 0.66% | 0.27% | -0.04% | 0.37% | -0.33% | -1.77% | 0.00% | 1.18% |
| 2015 | 0.90% | -0.10% | 0.39% | 0.15% | -0.19% | -0.88% | 0.77% | -0.10% | 0.56% | -0.11% | -0.10% | -0.17% | 1.13% |
| 2014 | 1.42% | 0.23% | -0.24% | 0.82% | 0.91% | 0.13% | -0.37% | 0.61% | -0.07% | 0.70% | 0.60% | 0.03% | 4.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FICMX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Government Income Fund (FICMX) 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 Fund provided a 3.51% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.30 | $0.24 | $0.17 | $0.08 | $0.15 | $0.23 | $0.24 | $0.24 | $0.21 | $0.25 | $0.28 |
Dividend yield | 3.51% | 3.46% | 2.69% | 1.94% | 0.78% | 1.38% | 2.20% | 2.45% | 2.41% | 2.09% | 2.40% | 2.69% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.08 |
| 2020 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.01 | $0.15 |
| 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 | $0.23 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $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 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 19.19%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Federated Hermes Government Income Fund drawdown is 9.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.19% | Feb 10, 2021 | 687 | Oct 19, 2023 | — | — | — |
| -4.71% | Aug 18, 1987 | 45 | Oct 19, 1987 | 11 | Nov 3, 1987 | 56 |
| -4.36% | Oct 2, 2012 | 232 | Sep 5, 2013 | 167 | May 6, 2014 | 399 |
| -4.33% | Feb 1, 1994 | 70 | May 9, 1994 | 203 | Feb 16, 1995 | 273 |
| -3.81% | Sep 10, 2008 | 37 | Oct 30, 2008 | 19 | Nov 26, 2008 | 56 |
Volatility
Volatility Chart
The current Federated Hermes Government Income Fund volatility is 1.44%, 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.