Federated Hermes Short-Term Government Fund SS Class

Frequently Asked Questions About FSGIX

What does FSGIX invest in?

The fund primarily invests in U.S. Treasury and government agency debt instruments, generally holding maturities between one and three years, and may also include associated derivative contracts. Its investment approach involves buying and selling securities based largely on its market outlook and an assessment of how these assets might perform across various market conditions. A core strategy dictates that a minimum of 80% of its net assets, plus any borrowed capital for investment, must be allocated to U.S. government-backed securities.

What is the expense ratio of FSGIX?

Federated Hermes Short-Term Government Fund SS Class (FSGIX) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of FSGIX?

Effective duration measures FSGIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FSGIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FSGIX?

FSGIX'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 FSGIX?

Yield to maturity (YTM) is the total return you'd earn from FSGIX if every bond in the portfolio is held to maturity at the current price. FSGIX'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.

How big is FSGIX?

Federated Hermes Short-Term Government Fund SS Class (FSGIX) manages $142.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.