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Morningstar

Federated Hermes Short-Interm Govt R FIGKX

Morningstar Analyst Rating
Quantitative rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 9.86  /  0.10 %
  • Total Assets 142.2 Mil
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.330%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.48%
  • Effective Duration 3.80 years

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 11:09 PM GMT+00:00

Morningstar’s Analysis FIGKX

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

People Pillar

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

Summary

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

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