# Federated Hermes Government Income Fund - Service Shares (FITSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fitsx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Federated Hermes · Asset class: Bond - Strategy: Actively Managed · Inception: 1992-06-18 The primary objective of this fund is to generate current income for its investors. Under typical market conditions, its main holdings consist of high-quality mortgage-backed securities (MBS), with the goal of achieving returns consistent with the overall U.S. residential mortgage market. Specifically, the fund focuses on MBS that are either issued directly by or guaranteed by U.S. government agencies or government-sponsored enterprises (GSEs). The portfolio also has the flexibility to include U.S. government securities and certain types of derivative instruments. ## Key Facts | Metric | Value | |---|---| | Price | $8.74 | | Expense Ratio | 0.84% | | Assets Under Management | $132.2M | | NAV | $8.74 | | Holdings Count | — | | Distribution Yield (TTM) | 3.69% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.54 – $9.30 | | Beta | 1.24 | ## Latest Distribution - Amount: $0.0269 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does FITSX invest in? The primary objective of this fund is to generate current income for its investors. Under typical market conditions, its main holdings consist of high-quality mortgage-backed securities (MBS), with the goal of achieving returns consistent with the overall U.S. residential mortgage market. Specifically, the fund focuses on MBS that are either issued directly by or guaranteed by U.S. government agencies or government-sponsored enterprises (GSEs). The portfolio also has the flexibility to include U.S. government securities and certain types of derivative instruments. ### What is the expense ratio of FITSX? Federated Hermes Government Income Fund - Service Shares (FITSX) charges an expense ratio of 0.84%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FITSX's dividend yield? FITSX's trailing-twelve-month yield is 3.69%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of FITSX? Effective duration measures FITSX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FITSX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of FITSX? FITSX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of FITSX? Yield to maturity (YTM) is the total return you'd earn from FITSX if every bond in the portfolio is held to maturity at the current price. FITSX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does FITSX pay a dividend? Yes, Federated Hermes Government Income Fund - Service Shares (FITSX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.69%. Full dividend history is on this page. ### How often does FITSX pay dividends? Federated Hermes Government Income Fund - Service Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FITSX's next ex-dividend date? The most recently announced ex-dividend date for FITSX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FITSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.84% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FITSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FITSX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FITSX cost more than a fund like VOO? FITSX is actively managed (current expense ratio 0.84%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FITSX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FITSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FITSX (0.84%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fitsx - Distribution history: https://www.dividenddata.com/funds/fitsx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fitsx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fitsx/expenses - Peer comparison: https://www.dividenddata.com/funds/fitsx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.