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Morningstar

Federated Hermes Short-Interm Govt Svc FIGIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 9.82  /  0.61 %
  • Total Assets 138.4 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.830%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.79%
  • Effective Duration 3.90 years

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FIGIX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Federated Hermes Short-Interm Govt Svc's Average Process and Parent pillars limit this strategy to a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FIGIX

More FIGIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 28
  • Other Holdings 2
  • % Assets in Top 10 Holdings 57.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us 5yr Note (Cbt) Jun23 Xcbt 20230630

18.92
32,304,805
Government

Federal Home Loan Banks 3.5%

5.68
9,705,569
Government

Federal Home Loan Banks 0.9%

5.19
8,867,020
Government

Federal Home Loan Banks 0.85%

5.18
8,840,349
Government

Federal Home Loan Banks 4%

4.34
7,406,131
Government

Federal Home Loan Mortgage Corporation 0.8%

4.18
7,138,482
Government

United States Treasury Notes 2.75%

3.95
6,741,757
Government

United States Treasury Notes 3.875%

3.55
6,063,297
Government

United States Treasury Notes 4.625%

3.00
5,114,062
Government

United States Treasury Notes 4.5%

2.97
5,073,950
Government