Morningstar

Federated Hermes Adj Rate A FEUGX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.38  /  0.00
  • Total Assets 179.0 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 5.28%
  • Effective Duration 1.30 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0

Morningstar’s Analysis FEUGX

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

  • People Pillar

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

A spot in the sun after spending much of recent history in the shadows.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

We have qualitatively reviewed this strategy and reaffirmed its Process and People ratings. The following text is substantially unchanged from its July 13, 2023 publication.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FEUGX

More FEUGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Mortgage Corp. 5.89983%

3.88 6.3 Mil
Securitized

Federated Hermes Govt Obl Premier

3.87 6.3 Mil
Cash and Equivalents

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 6.28535%

3.05 4.9 Mil
Securitized

Federal National Mortgage Association 5.89983%

2.75 4.5 Mil
Securitized

Government National Mortgage Association 5.883%

2.68 4.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.5%

2.37 3.8 Mil
Securitized

Federal National Mortgage Association 5.74983%

2.35 3.8 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.74751%

2.23 3.6 Mil
Securitized

Federal National Mortgage Association 5.89983%

2.01 3.3 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.94751%

1.99 3.2 Mil
Securitized

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