Federated Hermes Adj Rate IS (FEUNX)

Fund Assets	456.51M
Expense Ratio	0.31%
Min. Investment	$1,000,000
Turnover	44.00%
Dividend (ttm)	0.42
Dividend Yield	4.46%
Dividend Growth	-11.73%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.38
YTD Return	2.83%
1-Year Return	5.23%
5-Year Return	17.29%
52-Week Low	9.35
52-Week High	9.42
Beta (5Y)	n/a
Holdings	224
Inception Date	Aug 2, 2019

About FEUNX

Federated Hermes Adjustable Rate Fund Institutional Shares is an open-end mutual fund designed to deliver current income with limited principal volatility by investing primarily in adjustable-rate and floating-rate U.S. government and agency mortgage-backed securities. The strategy emphasizes securities whose coupons reset frequently, helping reduce interest-rate sensitivity and maintain a short effective duration profile typical of the short government category. The portfolio is broadly diversified across agency issuers such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, and Government National Mortgage Association, with holdings concentrated in securitized mortgage structures tied to U.S. housing finance. Managed by Federated Hermes, the fund benchmarks to a 1-year U.S. Treasury index and distributes income monthly. It targets institutional investors through a high minimum investment and a low expense structure relative to peers. Within the fixed income landscape, the fund serves as a cash-plus or capital-preservation building block, aiming to provide a steady income stream while mitigating rate risk through its floating-rate focus and government/agency credit profile.

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

Performance

FEUNX had a total return of 5.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.60%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FEUGX	Class A Shares	0.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0324	Jul 31, 2026
Jun 30, 2026	$0.03269	Jun 30, 2026
May 29, 2026	$0.03273	May 29, 2026
Apr 30, 2026	$0.03299	Apr 30, 2026
Mar 31, 2026	$0.03308	Mar 31, 2026
Feb 27, 2026	$0.03365	Feb 27, 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:

Aug 27, 2026

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