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Morningstar

Federated Hermes Government Income Svc FITSX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.55  /  0.00
  • Total Assets 166.7 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.64%
  • Effective Duration 5.90 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:13 PM GMT+0

Morningstar’s Analysis FITSX

Will FITSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FITSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FITSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FITSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Federated Hermes Government Income Svc's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FITSX

More FITSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 52.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 2.5%

9.00 10.3 Mil
Securitized

2 Year Treasury Note Future Mar 24

7.18 8.2 Mil
Government

Federal National Mortgage Association 2%

7.00 8.0 Mil
Securitized

Federal Home Loan Mortgage Corp. 4%

5.83 6.7 Mil
Securitized

Federal National Mortgage Association 3%

5.59 6.4 Mil
Securitized

Federal Home Loan Mortgage Corp. 2%

4.34 5.0 Mil
Securitized

Fnma Pass-Thru I 2.5%

3.59 4.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 2%

3.59 4.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 2%

3.31 3.8 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

3.21 3.7 Mil
Securitized