Federated Hermes Adjustable Rate Fund A Shares (FEUGX)

Fund Assets	431.89M
Expense Ratio	0.56%
Min. Investment	$1,000,000
Turnover	44.00%
Dividend (ttm)	0.38
Dividend Yield	4.15%
Dividend Growth	-12.54%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.26
YTD Return	2.79%
1-Year Return	4.05%
5-Year Return	15.22%
52-Week Low	9.22
52-Week High	9.42
Beta (5Y)	0.04
Holdings	224
Inception Date	Dec 3, 1985

About FEUGX

Federated Hermes Adjustable Rate Fund Class A is a mutual fund focused on short-duration, fixed-income securities. Its primary objective is to preserve capital and provide income by concentrating on adjustable and floating-rate instruments, with a policy to invest at least 80% of assets in such securities and at least 65% in U.S. government–backed holdings. The portfolio is predominantly composed of mortgage-related securities issued or guaranteed by agencies such as the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, and Government National Mortgage Association, complemented by cash equivalents and short Treasuries. This structure positions the fund within the short government category, emphasizing high credit quality with limited interest-rate sensitivity and an effective duration near the low end of the spectrum. Established in 1985, the strategy’s benchmark exposure and design seek steady income with minimal principal volatility through rate-resetting coupons that adjust with market conditions. The fund distributes income regularly and maintains an expense profile consistent with its category, reflecting a conservative approach to liquidity and rate management in the U.S. fixed-income market.

• Fund Family: Federated
• Category: Short Government
• Performance Rating: High
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: FEUGX
• Share Class: Class A Shares
• Index: ICE BofA 1 Year US Treasury Note TR

Performance

FEUGX had a total return of 4.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.94%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FEUNX	Institutional Shares	0.31%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03103	Sep 30, 2026
Aug 31, 2026	$0.03012	Aug 31, 2026
Jul 31, 2026	$0.03041	Jul 31, 2026
Jun 30, 2026	$0.03076	Jun 30, 2026
May 29, 2026	$0.03073	May 29, 2026
Apr 30, 2026	$0.03106	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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