FEUGX — Federated Hermes Adjustable Rate Fund
Data updated: 2026-07-27
FEUGX — Federated Hermes Adjustable Rate Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $435.50M AUM · 0.56% expense ratio · 5.3% 1-yr return. From SEC regulatory filings.
FEUGX Fund Overview
FEUGX — Federated Hermes Adjustable Rate Fund is a US mutual fund managed by Federated Hermes Adjustable Rate Securities Trust, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Adjustable Rate Securities Trust
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $435.50M
- 1-year return: 5.3%
- Ticker: FEUGX
- SEC CIK: 0000771524
- SEC series ID: S000009087
- Share class ID: C000024691
FEUGX Holdings
Top 10 holdings of Federated Hermes Adjustable Rate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Hermes Money Market Obligations Trust | 8.86% |
| Government National Mortgage Association | 4.48% |
| Government National Mortgage Association | 3.44% |
| Government National Mortgage Association | 2.99% |
| Government National Mortgage Association | 2.23% |
| Fannie Mae | 2.00% |
| Fannie Mae | 1.96% |
| Freddie Mac | 1.93% |
| Government National Mortgage Association | 1.71% |
| United States Treasury | 1.61% |
FEUGX Portfolio Allocation
Asset-class allocation of Federated Hermes Adjustable Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 94.1% |
| Cash & Equivalents | 8.9% |
| Fixed Income | 1.6% |
FEUGX Performance
Total returns for FEUGX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 5.3% |
| 3 years (annualised) | 5.4% |
| 5 years (annualised) | 3.1% |
FEUGX Risk Information
Risk metrics for FEUGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.7%
FEUGX Costs and Fees
FEUGX costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.78%
- Portfolio turnover: 44%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FEUGX Cashflows
Over the 12 months to 2026-02, Federated Hermes Adjustable Rate Fund had net inflows of $131.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $9.93M |
| 2026-01 | $23.80M |
| 2025-12 | $11.96M |
| 2025-11 | $8.51M |
| 2025-10 | $10.61M |
| 2025-09 | $8.46M |
FEUGX Debt Constituents
Largest debt holdings of Federated Hermes Adjustable Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.61% |
FEUGX Prospectus and SEC Filings
Official Federated Hermes Adjustable Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.