Morningstar

Federated Hermes Government Income Fund Institutional Shares FICMX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.09  /  +0.22 %
  • Total Assets 140.5M
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.630%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.72%
  • Effective Duration 5.80 years

USD | NAV as of Jun 17, 2026 | 1-Day Return as of Jun 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FICMX

Will FICMX outperform in the 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 FICMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Government Income IS holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FICMX

More FICMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Govt Obl Premier

3.95 8M
Cash and Equivalents

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.4119%

3.54 7M
Securitized

Federal National Mortgage Association 2%

3.48 7M
Securitized

2 Year Treasury Note Future June 26

3.06 6M
Government

Federal Home Loan Mortgage Corp. 2%

2.75 5M
Securitized

Us 5yr Note (Cbt) Jun26 Xcbt 20260630

2.65 5M
Government

Government National Mortgage Association 2.5%

2.62 5M
Securitized

Federal National Mortgage Association 3%

2.56 5M
Securitized

Federal National Mortgage Association 6%

2.47 5M
Securitized

Federal National Mortgage Association 5.5%

2.43 5M
Securitized

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