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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.45

$200 M

3.77%

$0.36

1.04%

Vitals

YTD Return

-0.9%

1 yr return

0.3%

3 Yr Avg Return

-3.4%

5 Yr Avg Return

-0.6%

Net Assets

$200 M

Holdings in Top 10

32.9%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 88.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.45

$200 M

3.77%

$0.36

1.04%

FTGSX - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return -3.4%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Total Return Government Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Nov 22, 2000
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Todd Abraham

Fund Description

The Fund’s overall strategy is to invest in a portfolio consisting primarily of U.S. Treasury securities, U.S. government agency securities (including mortgage-backed securities issued by U.S. government agencies or instrumentalities) and related derivative contracts. The Fund buys and sells portfolio securities based primarily on its market outlook and analysis of how securities may perform under different market conditions. The Fund evaluates its investment strategy by comparing the performance and composition of the Fund’s portfolio to the performance and composition of the Bloomberg U.S. Government Bond Index (BGB), an index composed of U.S. government and government agency securities with maturities of one year or more. Under normal market conditions, the Adviser currently limits the effective duration of the Fund’s portfolio to within 40% of the effective duration of the BGB. At times, the Adviser’s calculation of portfolio duration may result in variances outside this range. Duration is a measure of the price volatility of a fixed-income security as a result of changes in market rates of interest, based on the weighted average timing of the instrument’s expected fixed interest and principal payments.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in certain government securities that have no explicit financial support but are regarded as having implied support because the federal government sponsors their activities and the Fund may engage in short sales of U.S. Treasury securities and futures contracts.Based on fundamental analysis, the Adviser will consider a variety of factors when making decisions to purchase or sell particular securities or derivative contracts. The Fund may, but is not required to, use derivative instruments, which are instruments that have a value based on another instrument, exchange rate or index, and may be used as substitutes for securities in which the Fund can invest, or to hedge against a potential loss in the underlying asset. There can be no assurance that the Fund’s use of derivative instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.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 investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in U.S. government investments.
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FTGSX - Performance

Return Ranking - Trailing

Period FTGSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -2.1% 9.6% 48.46%
1 Yr 0.3% -2.8% 36.8% 66.96%
3 Yr -3.4%* -7.8% 11.7% 74.78%
5 Yr -0.6%* -5.4% 3.4% 62.62%
10 Yr 0.5%* -1.9% 3.4% 59.04%

* Annualized

Return Ranking - Calendar

Period FTGSX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.3% -1.0% 22.1% 78.51%
2022 -14.0% -20.4% -5.8% 69.16%
2021 -4.1% -7.1% 16.6% 76.58%
2020 6.4% -1.3% 8.8% 1.86%
2019 3.8% 0.3% 7.1% 25.47%

Total Return Ranking - Trailing

Period FTGSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -2.1% 9.6% 48.46%
1 Yr 0.3% -2.8% 36.8% 66.96%
3 Yr -3.4%* -7.8% 11.7% 74.78%
5 Yr -0.6%* -5.4% 3.4% 62.62%
10 Yr 0.5%* -1.9% 3.4% 59.04%

* Annualized

Total Return Ranking - Calendar

Period FTGSX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -0.5% 28.8% 90.79%
2022 -12.4% -18.5% -3.3% 66.08%
2021 -3.0% -4.5% 25.3% 93.69%
2020 8.0% -1.3% 13.0% 15.81%
2019 6.1% 1.8% 11.3% 41.04%

NAV & Total Return History


FTGSX - Holdings

Concentration Analysis

FTGSX Category Low Category High FTGSX % Rank
Net Assets 200 M 9.79 M 113 B 78.95%
Number of Holdings 92 18 12861 89.91%
Net Assets in Top 10 65.2 M 5.49 M 43.7 B 82.89%
Weighting of Top 10 32.88% 6.3% 115.2% 60.53%

Top 10 Holdings

  1. Ginnie Mae II Pool 4.46%
  2. United States Treasury Note/Bond 4.43%
  3. United States Treasury Note/Bond 3.67%
  4. United States Treasury Note/Bond 3.54%
  5. United States Treasury Note/Bond 3.14%
  6. Ginnie Mae II Pool 3.00%
  7. United States Treasury Note/Bond 2.85%
  8. Fannie Mae Pool 2.73%
  9. United States Treasury Note/Bond 2.55%
  10. United States Treasury Note/Bond 2.51%

Asset Allocation

Weighting Return Low Return High FTGSX % Rank
Bonds
98.98% 0.08% 167.02% 66.23%
Cash
2.20% -29.69% 22.63% 48.68%
Other
0.03% -26.81% 18.17% 61.84%
Stocks
0.00% 0.00% 96.75% 24.56%
Preferred Stocks
0.00% 0.00% 0.10% 20.61%
Convertible Bonds
0.00% 0.00% 3.29% 23.25%

Bond Sector Breakdown

Weighting Return Low Return High FTGSX % Rank
Government
64.52% 0.00% 100.00% 15.79%
Securitized
24.58% 0.00% 99.79% 77.63%
Cash & Equivalents
2.20% -29.63% 33.75% 44.74%
Derivative
0.03% -20.68% 6.72% 46.05%
Corporate
0.00% 0.00% 9.48% 44.30%
Municipal
0.00% 0.00% 5.24% 36.40%

Bond Geographic Breakdown

Weighting Return Low Return High FTGSX % Rank
US
98.98% 0.08% 167.02% 66.23%
Non US
0.00% 0.00% 12.01% 22.37%

FTGSX - Expenses

Operational Fees

FTGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.03% 3.55% 25.99%
Management Fee 0.25% 0.00% 0.85% 32.89%
12b-1 Fee 0.25% 0.00% 1.00% 28.04%
Administrative Fee 0.10% 0.01% 0.45% 69.81%

Sales Fees

FTGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

FTGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 3.35% 948.00% 36.11%

FTGSX - Distributions

Dividend Yield Analysis

FTGSX Category Low Category High FTGSX % Rank
Dividend Yield 3.77% 0.00% 4.67% 30.26%

Dividend Distribution Analysis

FTGSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FTGSX Category Low Category High FTGSX % Rank
Net Income Ratio 1.00% -0.80% 2.96% 29.96%

Capital Gain Distribution Analysis

FTGSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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FTGSX - Fund Manager Analysis

Managers

Todd Abraham


Start Date

Tenure

Tenure Rank

Feb 28, 2003

19.27

19.3%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.

Liam O'Connell


Start Date

Tenure

Tenure Rank

Apr 30, 2017

5.09

5.1%

Liam O’Connell, CFA, has been the Fund’s portfolio manager since April of 2017. Mr. O’Connell is responsible for providing research and advice on sector allocation and security selection. He has been with the Adviser or an affiliate since 2003; has worked in investment management since 2003; has managed investment portfolios since 2005. Education: B.S., Webb Institute of Naval Architecture; M.S, Johns Hopkins University; M.B.A., Massachusetts Institute of Technology.

J. Andrew Kirschler


Start Date

Tenure

Tenure Rank

Apr 30, 2017

5.09

5.1%

Mr. Kirschler became Portfolio Manager to FTT in January 2014. Mr. Kirschler joined Federated in 1990 in the Internal Sales department. In 1994 he was an Assistant Trader, in 1996 a Trader and in 2003 a Senior Trader on the fixed income desk concentrating on government securities. Mr. Kirschler became a Senior Investment Analyst in 2013. In 2000 he was appointed Assistant Vice President and in 2003 appointed Vice President of a Federated advisory subsidiary. Education: B.S., The Pennsylvania State University; M.B.A., University of Pittsburgh

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.39 7.35