FEUNX – Federated Hermes Adj Rate IS Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income consistent with minimal volatility of principal. The fund invests at least 65% of the value of its total assets in a professionally managed portfolio of U.S. government securities consisting primarily of adjustable and floating rate mortgage securities which are issued or guaranteed by the U.S. government, its agencies or instrumentalities. It may also invest up to 20% of its assets in fixed-rate, mortgage-backed securities and other fixed-rate securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FEUGX	Federated Hermes Adjustable Rate Fund A Shares	Institutional	Open			Dec 3, 1985	$126.39M	0.560%	Above Average	$1,500	$10.80M
FEUNX	Federated Hermes Adjustable Rate Fund Institutional Shares	Institutional	Open			Aug 5, 2019	$298.68M	0.310%	Average	$1M	$92.82M

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