Federated Hermes Adjustable Rate Fund Inst (FEUNX)
9.23
0.00 (0.00%)
USD |
Oct 06 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.31% | 422.51M | -- | 44.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 102.06M | 2.86% |
Basic Info
| Investment Strategy | |
| The Fund seeks current income consistent with minimal volatility of principal by investing at least 65% of the value of its' total assets in a professionally managed portfolio of US Government securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Ultra-Short Obligations Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Ultra-Short Obligations Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
90
-242.69M
Peer Group Low
1.314B
Peer Group High
1 Year
% Rank:
42
102.06M
-4.549B
Peer Group Low
9.555B
Peer Group High
3 Months
% Rank:
79
-8.595B
Peer Group Low
10.03B
Peer Group High
3 Years
% Rank:
37
-1.837B
Peer Group Low
15.18B
Peer Group High
6 Months
% Rank:
40
-7.313B
Peer Group Low
6.026B
Peer Group High
5 Years
% Rank:
17
-10.03B
Peer Group Low
18.57B
Peer Group High
YTD
% Rank:
39
-6.141B
Peer Group Low
10.04B
Peer Group High
10 Years
% Rank:
50
-3.730B
Peer Group Low
12.14B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 07, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.98% |
| Stock | 0.00% |
| Bond | 98.24% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.23% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Government National Mortgage Association GNMA 11/20/2055 FLT USD Agency | 4.30% | 98.67 | 0.00% |
| Federated Hermes Government Obligations Fd Premier | 3.78% | 1.00 | 0.00% |
|
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2645E FM PT FLT 4.35872% 20-MAR-2056
|
3.38% | -- | -- |
|
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2464T FM PT FLT 4.65872% 20-APR-2054
|
2.83% | -- | -- |
|
FEDERAL HOME LOAN MORTGAGE CORPORATION K563 AS FLT 25-MAY-2031
|
2.72% | -- | -- |
| Government National Mortgage Association GNMA FIX USD Agency | 2.16% | 100.09 | 0.00% |
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1960F F PT FLT 4.17658% 25-OCT-2049
|
1.96% | -- | -- |
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1943A FD PT FLT 4.12658% 25-AUG-2049
|
1.92% | -- | -- |
| FHLMC-New 5.15 03/25/2053 FIX USD Agency | 1.85% | 98.98 | 0.00% |
|
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 263N FB PT FLT 4.36872% 20-JAN-2056
|
1.67% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.03% |
| Administration Fee | 140491.0 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks current income consistent with minimal volatility of principal by investing at least 65% of the value of its' total assets in a professionally managed portfolio of US Government securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Ultra-Short Obligations Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Ultra-Short Obligations Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (10-6-26) | 4.42% |
| 30-Day SEC Yield (9-30-26) | 4.28% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 225 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.41% |
| Effective Duration | 1.10 |
| Average Coupon | 4.33% |
| Calculated Average Quality | 1.080 |
| Effective Maturity | 23.35 |
| Nominal Maturity | 23.35 |
| Number of Bond Holdings | 223 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/3/1985 |
| Last Annual Report Date | 8/31/2025 |
| Last Prospectus Date | 10/31/2025 |
| Share Classes | |
| FEUGX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FEUNX", "name") |
| Broad Asset Class: =YCI("M:FEUNX", "broad_asset_class") |
| Broad Category: =YCI("M:FEUNX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FEUNX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |