Morningstar

Federated Hermes Government Ultrashort Fund Class R6 FGULX

Medalist Rating as of Aug 31, 2026 See Federated Hermes Investment Hub

Strategy

The investment seeks current income. The fund's overall strategy is to invest in a portfolio of U.S. government securities and U.S. government agency securities (including mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises (GSEs)) with an overall dollar-weighted average duration of one year or less. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Within the one-year duration constraint, the Adviser will seek to lengthen or shorten portfolio duration based on its interest rate outlook.

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
FGUAX	Federated Hermes Government Ultrashort Fund Class A	No Load	Open			Mar 6, 2003	$590.30M	0.410%	Average	$1,500	$212.05M
FGUSX	Federated Hermes Government Ultrashort Fund Institutional Class	Institutional	Open			Jul 10, 1997	$1.15B	0.260%	Below Average	$1M	−$24.58M
FEUSX	Federated Hermes Government Ultrashort Fund Service Class	Institutional	Open			Sep 30, 1999	$152.79M	0.360%	Above Average	$1M	$17.84M
FGULX	Federated Hermes Government Ultrashort Fund Class R6	Retirement, Large	Open			Mar 29, 2016	$296.85M	0.240%	Low	$0	$31.60M

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