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Morningstar

Federated Hermes Adj Rate A FEUGX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.19  /  0.11 %
  • Total Assets 97.7 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 4.06%
  • Effective Duration 1.00 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FEUGX

Will FEUGX 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 FEUGX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FEUGX 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 FEUGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A spot in the sun after spending much of recent history in the shadows.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

The fund’s recent performance has been great relative to peers, but it’s been driven mainly by the asset class it invests in; its future peer-and index-relative return potential is likewise tied to its investment universe.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FEUGX

More FEUGX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 160
  • Other Holdings 4
  • % Assets in Top 10 Holdings 28.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Govt Obl Premier

6.29
8,522,181
Cash and Equivalents

Federal Home Loan Mortgage Corporation 5.60043%

5.00
6,779,883
Securitized

Federal National Mortgage Association 5.60043%

3.63
4,926,954
Securitized

United States Treasury Bills 0%

3.57
4,835,192
Government

Federal National Mortgage Association 5.45043%

3.39
4,596,817
Securitized

Federal Home Loan Mortgage Corporation 5.49329%

2.98
4,043,120
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.72052%

2.95
4,003,355
Securitized

Federal National Mortgage Association 5.60043%

2.73
3,698,966
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.70052%

1.95
2,649,987
Securitized

Federal National Mortgage Association 5.55043%

1.91
2,583,254
Securitized