Federated Hermes Short-Term Government Fund (FSGVX)
The fund invests in a portfolio generally consisting of U.S. Treasury securities and U.S. government agency securities with maturities of not less than one year and not more than three years, and related derivative contracts. It buys and sells portfolio securities based primarily on its market outlook and analysis of how securities may perform under different market conditions. 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
US31428M1009
31428M100
Mar 14, 1984
$1,000,000
Expense Ratio
FSGVX features an expense ratio of 0.41%, 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 Short-Term Government 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 Short-Term Government Fund had a return of 0.25% year-to-date (YTD) and 4.44% in the last 12 months. Over the past 10 years, Federated Hermes Short-Term Government Fund had an annualized return of 1.07%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Short-Term Government Fund did not perform as well as the benchmark.
FSGVX
0.25%
0.25%
1.40%
4.44%
1.11%
1.07%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FSGVX, 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 | 0.36% | 0.25% | |||||||||||
| 2024 | 0.77% | -0.44% | 0.10% | -0.10% | 0.62% | 0.21% | 1.44% | 0.42% | 1.20% | -0.75% | 0.40% | 0.20% | 4.12% |
| 2023 | 1.12% | -0.72% | 1.45% | -0.00% | -0.07% | -0.51% | 0.34% | 0.35% | -0.42% | 0.51% | 1.21% | 0.73% | 4.03% |
| 2022 | -0.65% | -0.46% | -1.33% | -0.51% | 0.51% | -0.44% | 0.30% | -0.72% | -1.41% | -0.12% | 0.74% | -0.21% | -4.24% |
| 2021 | -0.05% | -0.14% | -0.09% | 0.05% | 0.00% | -0.10% | 0.04% | 0.06% | -0.07% | -0.39% | -0.04% | -0.16% | -0.88% |
| 2020 | 0.46% | 0.82% | 1.01% | 0.27% | 0.17% | 0.07% | 0.07% | -0.02% | 0.08% | -0.12% | 0.06% | 0.06% | 2.94% |
| 2019 | 0.30% | -0.01% | 0.60% | 0.10% | 0.70% | 0.48% | -0.11% | 0.67% | -0.11% | 0.28% | -0.13% | 0.17% | 2.98% |
| 2018 | -0.31% | -0.01% | 0.15% | -0.25% | 0.37% | -0.03% | -0.02% | 0.28% | -0.13% | 0.09% | 0.39% | 0.69% | 1.22% |
| 2017 | 0.06% | 0.07% | 0.02% | 0.10% | 0.09% | -0.09% | 0.10% | 0.19% | -0.12% | -0.09% | -0.15% | -0.01% | 0.17% |
| 2016 | 0.42% | 0.03% | 0.37% | -0.02% | -0.09% | 0.41% | -0.08% | -0.19% | 0.15% | -0.02% | -0.30% | -0.01% | 0.68% |
| 2015 | 0.52% | -0.23% | 0.25% | -0.03% | -0.06% | -0.11% | 0.03% | -0.28% | 0.25% | -0.07% | -0.23% | -0.09% | -0.05% |
| 2014 | -0.06% | 0.03% | -0.23% | -0.02% | 0.12% | 0.09% | -0.19% | -0.04% | -0.04% | 0.14% | -0.03% | -0.35% | -0.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, FSGVX is among the top 11% of 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 Short-Term Government Fund (FSGVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Short-Term Government Fund provided a 4.45% dividend yield over the last twelve months, with an annual payout of $0.43 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 | $0.43 | $0.43 | $0.37 | $0.21 | $0.06 | $0.11 | $0.23 | $0.19 | $0.12 | $0.10 | $0.10 | $0.08 |
Dividend yield | 4.45% | 4.50% | 3.87% | 2.13% | 0.56% | 1.05% | 2.25% | 1.89% | 1.15% | 0.98% | 0.92% | 0.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Short-Term Government 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 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.21 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 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 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.12 |
| 2016 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2015 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.10 |
| 2014 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.08 |
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 Short-Term Government 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 Short-Term Government Fund was 6.16%, occurring on Oct 20, 2022. Recovery took 430 trading sessions.
The current Federated Hermes Short-Term Government Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.16% | Oct 2, 2020 | 524 | Oct 20, 2022 | 430 | Jul 1, 2024 | 954 |
| -2.85% | Nov 7, 2011 | 1040 | Dec 28, 2015 | 814 | Mar 25, 2019 | 1854 |
| -2.03% | Feb 1, 1994 | 70 | May 9, 1994 | 82 | Aug 31, 1994 | 152 |
| -1.76% | Mar 6, 1987 | 54 | May 20, 1987 | 29 | Jun 30, 1987 | 83 |
| -1.69% | Apr 1, 2008 | 52 | Jun 12, 2008 | 47 | Aug 20, 2008 | 99 |
Volatility
Volatility Chart
The current Federated Hermes Short-Term Government Fund volatility is 0.42%, 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.