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Federated Hermes Fund For US Governent Securities (FCBRX)

6.13
-0.03
(-0.49%)
At close: May 2 at 8:00:41 PM EDT

Fund Summary

The fund invests primarily in a diversified portfolio of U.S. government securities, including mortgage-backed securities (MBS) of investment-grade quality, and seeks to provide returns consistent with investments in the market for U.S. home mortgages. It typically seeks to maintain an overall average dollar-weighted portfolio duration that is within one year above or below the Bloomberg US Mortgage-Backed Securities Index (the "index"). The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in U.S. government securities.

Federated Hermes Fund For US Governent Securities

Pittsburgh, PA 15222-3779
5800 Corporate Drive

Fund Overview

Category Intermediate Government
Fund Family Federated
Net Assets 91.94M
YTD Return 2.92%
Yield 3.81%
Morningstar Rating
Inception Date May 28, 2020

Fund Operations

Last Dividend 0.06
Last Cap Gain -34.00
Holdings Turnover 56.00%
Average for Category --

Fees & Expenses

Expense FCBRX Category Average
Annual Report Expense Ratio (net) 0.72% 0.72%
Prospectus Net Expense Ratio 0.72% --
Prospectus Gross Expense Ratio 0.97% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.53%
Max Deferred Sales Load -- 1.36%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Todd A. Abraham, Lead Manager since May 01, 2003
Todd A. Abraham, CFA, Senior Portfolio Manager of Federated Investment Management Company (“FIMC”). Mr. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-backed Fixed Income Group. He is responsible for overseeing the macro risk elements in the portfolio. He has been with FIMC or an affiliate since 1993; has worked in investment management since 1993; has managed investment portfolios since 1995. Education: B.S., Indiana University of Pennsylvania; M.B.A., Loyola College.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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