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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.61

$134 M

0.34%

$0.03

0.31%

Vitals

YTD Return

-0.4%

1 yr return

0.1%

3 Yr Avg Return

1.4%

5 Yr Avg Return

1.2%

Net Assets

$134 M

Holdings in Top 10

25.0%

52 WEEK LOW AND HIGH

$9.6
$9.60
$9.65

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

Investment Style

Short Government


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.61

$134 M

0.34%

$0.03

0.31%

FEUNX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Adjustable Rate Fund
  • Fund Family Name
    Federated
  • Inception Date
    Aug 05, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd Abraham

Fund Description

The fund invests at least 65% of the value of its total assets in a professionally managed portfolio of U.S. government securities consisting primarily of adjustable and floating rate mortgage securities which are issued or guaranteed by the U.S. government, its agencies or instrumentalities. It may also invest up to 20% of its assets in fixed-rate, mortgage-backed securities and other fixed-rate securities.


FEUNX - Performance

Return Ranking - Trailing

Period FEUNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -5.5% 1.3% 11.63%
1 Yr 0.1% -3.0% 4.2% 8.14%
3 Yr 1.4%* 0.7% 4.2% 91.86%
5 Yr 1.2%* -0.1% 2.7% 67.44%
10 Yr 0.8%* -0.3% 2.2% 73.17%

* Annualized

Return Ranking - Calendar

Period FEUNX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.1% -1.8% 4.9% 89.02%
2019 N/A -1.4% 3.8% N/A
2018 N/A -80.0% 0.1% N/A
2017 N/A -4.6% 0.9% N/A
2016 N/A -4.1% 3.5% N/A

Total Return Ranking - Trailing

Period FEUNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -5.5% 1.3% 11.63%
1 Yr 0.1% -5.9% 4.2% 7.06%
3 Yr 1.4%* -0.2% 4.2% 87.06%
5 Yr 1.2%* -0.3% 2.7% 62.35%
10 Yr 0.8%* -0.3% 2.2% 70.37%

* Annualized

Total Return Ranking - Calendar

Period FEUNX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.1% -1.8% 4.9% 89.02%
2019 N/A -1.4% 3.8% N/A
2018 N/A -80.0% 2.2% N/A
2017 N/A -4.6% 1.2% N/A
2016 N/A -4.1% 3.5% N/A

NAV & Total Return History


FEUNX - Holdings

Concentration Analysis

FEUNX Category Low Category High FEUNX % Rank
Net Assets 134 M 1.77 M 20 B 77.91%
Number of Holdings 161 9 1496 51.16%
Net Assets in Top 10 34.5 M -99.5 M 10.2 B 82.56%
Weighting of Top 10 25.02% 18.2% 100.0% 74.70%

Top 10 Holdings

  1. Federal National Mortgage Association 2% 4.73%
  2. Federal National Mortgage Association 2% 3.37%
  3. Federated Hermes Govt Obl Premier 3.28%
  4. Federal Home Loan Mortgage Corporation 0.3825% 3.19%
  5. Federal National Mortgage Association 2% 3.05%
  6. United States Treasury Notes 0.24% 2.96%
  7. Federal National Mortgage Association 0.436% 2.64%
  8. Nextgear Floorplan Master Owner Trust 0.73375% 2.44%
  9. Federal National Mortgage Association 0.58% 2.42%
  10. Federal Home Loan Mortgage Corporation 0.4% 2.37%

Asset Allocation

Weighting Return Low Return High FEUNX % Rank
Bonds
96.72% 52.53% 115.28% 73.26%
Cash
3.28% -15.28% 33.74% 29.07%
Stocks
0.00% 0.00% 12.45% 17.44%
Preferred Stocks
0.00% 0.00% 0.10% 17.44%
Other
0.00% -4.67% 1.04% 18.60%
Convertible Bonds
0.00% 0.00% 0.21% 17.44%

Bond Sector Breakdown

Weighting Return Low Return High FEUNX % Rank
Securitized
92.37% 0.00% 100.00% 8.14%
Government
4.35% 0.00% 99.96% 88.37%
Cash & Equivalents
3.28% 0.00% 36.53% 29.07%
Derivative
0.00% 0.00% 0.12% 19.77%
Corporate
0.00% 0.00% 36.31% 30.23%
Municipal
0.00% 0.00% 11.43% 32.56%

Bond Geographic Breakdown

Weighting Return Low Return High FEUNX % Rank
US
96.72% 49.54% 115.28% 72.09%
Non US
0.00% -0.01% 21.27% 20.93%

FEUNX - Expenses

Operational Fees

FEUNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.03% 1.83% 76.74%
Management Fee 0.25% 0.03% 0.80% 27.06%
12b-1 Fee N/A 0.00% 1.00% 65.79%
Administrative Fee 0.10% 0.05% 0.45% 30.77%

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 0.25% 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% 445.85% 49.33%

FEUNX - Distributions

Dividend Yield Analysis

FEUNX Category Low Category High FEUNX % Rank
Dividend Yield 0.34% 0.00% 0.18% 16.28%

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% -0.73% 2.38% 67.47%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FEUNX - Fund Manager Analysis

Managers

Todd Abraham


Start Date

Tenure

Tenure Rank

Aug 01, 1995

26.27

26.3%

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

Oct 31, 2017

4.0

4.0%

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
0.04 31.85 9.55 6.75