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Morningstar

Federated Hermes Govt Ultrashort IS FGUSX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.78  /  0.06 %
  • Total Assets 917.8 Mil
  • Adj. Expense Ratio
    0.260%
  • Expense Ratio 0.260%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.06%
  • Effective Duration 0.57 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis FGUSX

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

People Pillar

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

Federated Hermes Govt Ultrashort IS's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FGUSX

More FGUSX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 185
  • Other Holdings 6
  • % Assets in Top 10 Holdings 35.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Of Montreal 2 Repo

10.58
100,000,000
Cash and Equivalents

Hsbc Repo 2 Repo

10.58
100,000,000
Cash and Equivalents

Bofam Repo 1 Repo

6.04
57,038,000
Cash and Equivalents

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.97135%

5.60
52,876,380
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.82135%

4.57
43,165,419
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.87135%

4.21
39,774,856
Securitized

Government National Mortgage Association 5.12871%

3.76
35,500,424
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.96495%

3.48
32,849,606
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 6.19135%

3.17
29,945,484
Securitized

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 6.19135%

2.76
26,097,308
Securitized