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Morningstar

Federated Hermes Govt Ultrashort A FGUAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.71  /  0.10 %
  • Total Assets 943.6 Mil
  • Adj. Expense Ratio
    0.410%
  • Expense Ratio 0.410%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 4.05%
  • Effective Duration 0.48 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis FGUAX

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

People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FGUAX

More FGUAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 183
  • Other Holdings 10
  • % Assets in Top 10 Holdings 34.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Of Montreal 4 Repo

13.42
130,000,000
Cash and Equivalents

Hsbc Repo 2 Repo

13.42
130,000,000
Cash and Equivalents

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

5.51
53,349,733
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.55052%

4.45
43,155,205
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.60052%

4.12
39,890,996
Securitized

Government National Mortgage Association 5.12871%

3.66
35,425,524
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.71629%

3.61
34,978,125
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.92052%

3.11
30,112,281
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.92052%

2.69
26,101,052
Securitized

Government National Mortgage Association 6.1%

2.58
25,000,000
Securitized