The process and people underlying Federated Hermes Adjustable Rate are competent, but its relatively limited universe and conservatism make it hard to stand out, limiting it Morningstar Analyst Rating to Neutral.
Will FEUGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FEUGX’s parent organization’s priorities and whether they’re in line with investors’ interests.