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Morningstar

Federated Hermes Fund for US Govt Secs A FUSGX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 6.24  /  0.81 %
  • Total Assets 1.5 Mil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.970%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.55%
  • Effective Duration 6.10 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:25 PM GMT+0

Morningstar’s Analysis FUSGX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Federated Hermes Fund for US Govt Secs A's Average People and Parent ratings 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 FUSGX

More FUSGX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 190
  • Other Holdings 2
  • % Assets in Top 10 Holdings 33.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fnma Pass-Thru I 2%

7.45
9,824,207
Securitized

Federated Hermes Govt Obl Premier

7.25
9,566,287
Cash and Equivalents

Fnma Pass-Thru I 2.5%

5.21
6,874,228
Securitized

Federal Home Loan Mortgage Corporation 2%

4.19
5,523,294
Securitized

Fnma Pass-Thru I 2%

3.65
4,818,234
Securitized

Federal Home Loan Mortgage Corporation 3.5%

2.57
3,394,315
Securitized

Federal Home Loan Mortgage Corporation 2.5%

2.47
3,263,187
Securitized

Federal Home Loan Mortgage Corporation 2%

2.23
2,942,168
Securitized

Federal Home Loan Mortgage Corporation 2.5%

2.17
2,859,681
Securitized

Fnma Pass-Thru I 2%

2.00
2,632,633
Securitized