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Morningstar

Federated Hermes Adj Rate A FEUGX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.33  /  0.01 %
  • Total Assets 102.2 Mil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 1.51%
  • Effective Duration 1.30 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:10 PM GMT+00:00

Morningstar’s Analysis FEUGX

Will FEUGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FEUGX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FEUGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FEUGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

It's a relic from the past, but maybe there will be a revival of this asset class.

Associate Director

Summary

| by Maciej Kowara

The process and people underlying Federated Hermes Adjustable Rate look solid, but difficulties in assessing the strategy’s relative return potential support a Morningstar Analyst Rating of Neutral on both of its share classes.

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