Federated Adjustable Rate Securities Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.5%
1 yr return
-2.6%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
N/A
Net Assets
$192 M
Holdings in Top 10
27.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FEUNX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.47%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Adjustable Rate Fund
-
Fund Family NameFederated
-
Inception DateAug 05, 2019
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTodd Abraham
Fund Description
FEUNX - Performance
Return Ranking - Trailing
Period | FEUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -1.4% | 25.4% | 5.95% |
1 Yr | -2.6% | -9.7% | -0.4% | 7.14% |
3 Yr | -1.2%* | -7.1% | 0.5% | 8.64% |
5 Yr | N/A* | -27.5% | 1.3% | 20.00% |
10 Yr | N/A* | -14.9% | 1.0% | 59.04% |
* Annualized
Return Ranking - Calendar
Period | FEUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -3.3% | -10.4% | -1.0% | 6.02% |
2021 | -0.3% | -3.3% | 2.5% | 6.02% |
2020 | 0.0% | -0.6% | 1.9% | 91.14% |
2019 | N/A | -1.0% | 1.4% | N/A |
2018 | N/A | -27.5% | 0.3% | N/A |
Total Return Ranking - Trailing
Period | FEUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -76.5% | 0.9% | 4.76% |
1 Yr | -2.6% | -9.7% | -0.4% | 7.14% |
3 Yr | -1.2%* | -7.1% | 0.5% | 8.64% |
5 Yr | N/A* | -27.5% | 1.3% | 19.05% |
10 Yr | N/A* | -14.9% | 1.0% | 54.88% |
* Annualized
Total Return Ranking - Calendar
Period | FEUNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -3.3% | -10.7% | -0.9% | 7.23% |
2021 | -0.3% | -64.0% | -0.1% | 4.82% |
2020 | 0.0% | -0.6% | 1.9% | 91.14% |
2019 | N/A | -1.0% | 1.4% | N/A |
2018 | N/A | -27.5% | 0.4% | N/A |
NAV & Total Return History
FEUNX - Holdings
Concentration Analysis
FEUNX | Category Low | Category High | FEUNX % Rank | |
---|---|---|---|---|
Net Assets | 192 M | 1.74 M | 24.9 B | 76.19% |
Number of Holdings | 165 | 8 | 1432 | 51.81% |
Net Assets in Top 10 | 40.6 M | -2.46 B | 13.3 B | 80.72% |
Weighting of Top 10 | 27.67% | 17.0% | 100.0% | 72.00% |
Top 10 Holdings
- Federal National Mortgage Association 2% 4.73%
- United States Treasury Notes 0.64093% 3.41%
- United States Treasury Notes 0.63493% 3.41%
- Federal Home Loan Mortgage Corporation 0.23967% 3.40%
- Federal National Mortgage Association 2% 3.37%
- United States Treasury Notes 0.125% 3.30%
- Federal National Mortgage Association 2% 3.05%
- United States Treasury Notes 0.24% 2.96%
- Federal Home Loan Mortgage Corporation 0.25967% 2.88%
- Federal Home Loan Mortgage Corporation 0.54143% 2.66%
Asset Allocation
Weighting | Return Low | Return High | FEUNX % Rank | |
---|---|---|---|---|
Bonds | 98.01% | 82.13% | 115.04% | 50.60% |
Cash | 1.99% | -15.04% | 17.87% | 50.60% |
Stocks | 0.00% | 0.00% | 0.00% | 2.41% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 2.41% |
Other | 0.00% | 0.00% | 2.95% | 6.02% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 2.41% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FEUNX % Rank | |
---|---|---|---|---|
Securitized | 86.56% | 0.00% | 100.00% | 8.43% |
Government | 11.44% | 0.00% | 99.96% | 83.13% |
Cash & Equivalents | 1.99% | 0.00% | 16.80% | 49.40% |
Derivative | 0.00% | 0.00% | 1.16% | 4.82% |
Corporate | 0.00% | 0.00% | 34.19% | 21.69% |
Municipal | 0.00% | 0.00% | 6.22% | 18.07% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FEUNX % Rank | |
---|---|---|---|---|
US | 98.01% | 81.77% | 115.04% | 49.40% |
Non US | 0.00% | 0.00% | 12.26% | 15.66% |
FEUNX - Expenses
Operational Fees
FEUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.31% | 0.03% | 1.80% | 75.00% |
Management Fee | 0.25% | 0.03% | 0.80% | 26.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | 65.79% |
Administrative Fee | 0.10% | 0.05% | 0.45% | 16.67% |
Sales Fees
FEUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 4.75% | N/A |
Deferred Load | N/A | 0.50% | 1.00% | N/A |
Trading Fees
FEUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 0.25% | 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.
FEUNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 82.00% | 0.00% | 466.00% | 37.88% |
FEUNX - Distributions
Dividend Yield Analysis
FEUNX | Category Low | Category High | FEUNX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.10% | 0.00% | 5.02% | 39.29% |
Dividend Distribution Analysis
FEUNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FEUNX | Category Low | Category High | FEUNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.47% | -0.78% | 3.29% | 43.21% |
Capital Gain Distribution Analysis
FEUNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 30, 2022 | $0.029 | OrdinaryDividend |
Oct 31, 2022 | $0.025 | OrdinaryDividend |
Sep 30, 2022 | $0.020 | OrdinaryDividend |
Aug 31, 2022 | $0.017 | OrdinaryDividend |
Jul 29, 2022 | $0.014 | OrdinaryDividend |
Jun 30, 2022 | $0.009 | OrdinaryDividend |
May 31, 2022 | $0.005 | OrdinaryDividend |
Apr 29, 2022 | $0.004 | OrdinaryDividend |
Mar 31, 2022 | $0.003 | OrdinaryDividend |
Feb 28, 2022 | $0.003 | OrdinaryDividend |
Jan 31, 2022 | $0.003 | OrdinaryDividend |
Dec 31, 2021 | $0.004 | OrdinaryDividend |
Nov 30, 2021 | $0.003 | OrdinaryDividend |
Oct 31, 2021 | $0.003 | OrdinaryDividend |
Sep 30, 2021 | $0.002 | OrdinaryDividend |
Aug 31, 2021 | $0.001 | OrdinaryDividend |
Jul 31, 2021 | $0.003 | OrdinaryDividend |
Jun 30, 2021 | $0.004 | OrdinaryDividend |
May 31, 2021 | $0.003 | OrdinaryDividend |
Apr 30, 2021 | $0.003 | OrdinaryDividend |
Mar 31, 2021 | $0.005 | OrdinaryDividend |
Feb 28, 2021 | $0.004 | OrdinaryDividend |
Jan 31, 2021 | $0.004 | OrdinaryDividend |
Dec 31, 2020 | $0.004 | OrdinaryDividend |
Nov 30, 2020 | $0.006 | OrdinaryDividend |
Oct 30, 2020 | $0.007 | OrdinaryDividend |
Sep 30, 2020 | $0.007 | OrdinaryDividend |
Aug 31, 2020 | $0.008 | OrdinaryDividend |
Jul 31, 2020 | $0.007 | OrdinaryDividend |
Jun 30, 2020 | $0.009 | OrdinaryDividend |
May 29, 2020 | $0.010 | OrdinaryDividend |
Apr 30, 2020 | $0.013 | OrdinaryDividend |
Mar 31, 2020 | $0.016 | OrdinaryDividend |
Feb 28, 2020 | $0.016 | OrdinaryDividend |
Jan 31, 2020 | $0.019 | OrdinaryDividend |
Dec 31, 2019 | $0.019 | DailyAccrualFund |
Nov 29, 2019 | $0.018 | OrdinaryDividend |
Oct 31, 2019 | $0.019 | OrdinaryDividend |
Sep 30, 2019 | $0.023 | OrdinaryDividend |
Aug 30, 2019 | $0.017 | OrdinaryDividend |
FEUNX - Fund Manager Analysis
Managers
Todd Abraham
Start Date
Tenure
Tenure Rank
Aug 01, 1995
26.85
26.9%
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
Oct 31, 2017
4.58
4.6%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.49 | 32.44 | 10.15 | 7.33 |