Federated Hermes Government Income Fund Institutional Shares (FICMX)
| Fund Assets | 151.33M |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000,000 |
| Turnover | 256.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.69% |
| Dividend Growth | 5.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.11 |
| YTD Return | 0.14% |
| 1-Year Return | 5.65% |
| 5-Year Return | -1.80% |
| 52-Week Low | 8.73 |
| 52-Week High | 9.28 |
| Beta (5Y) | 0.29 |
| Holdings | 95 |
| Inception Date | Mar 30, 1982 |
About FICMX
Federated Hermes Government Income Fund Institutional Shares is a mutual fund specializing in fixed income investments. Its primary objective is to provide current income by investing predominantly in high-quality U.S. government securities, with a particular emphasis on mortgage-backed securities issued or guaranteed by federal agencies such as the Government National Mortgage Association (Ginnie Mae), Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac). The fund is structured for institutional investors and requires a substantial minimum initial investment. Its portfolio is characterized by a high credit quality profile and moderate sensitivity to interest rate movements, with an effective duration of approximately six years. Federated Hermes Government Income Fund Institutional Shares plays a key role in the financial market by offering investors exposure to government-related bonds and mortgage-backed securities, aiming for a steady income stream while seeking to manage interest rate and credit risks. The fund's strategy supports institutions and large investors seeking stability and liquidity within the U.S. fixed income sector.
Performance
FICMX had a total return of 5.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FITSX | Service Shares | 0.84% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02956 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02735 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02593 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03055 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0272 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02664 | Oct 31, 2025 |