FEUGX Fees and Costs — Federated Hermes Adjustable Rate Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.56%: a 0.25% management fee plus 0.53% other expenses, less a 0.22% fee waiver. This share class carries a maximum front-end sales load of 1.00%. Portfolio turnover was 44%.
FEUGX Fees and Expenses
Annual operating expenses and sales charges of FEUGX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | 1.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FEUGX Costs Over Time
On $10,000 invested in FEUGX, assuming 5% a year before costs, total costs come to $477 over 5 years, cutting the return by 0.80% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $100 | $100 | $100 |
| Fund expenses (net expense ratio 0.56%) | $58 | $182 | $318 |
| Lost growth on money paid in costs | $5 | $25 | $60 |
| Total costs | $163 | $307 | $477 |
| Value after costs | $10,337 | $11,269 | $12,285 |
| Impact on return, per year | 1.63% | 0.94% | 0.80% |
FEUGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $375.9M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
FEUGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $213.3M | 58.91% |
| Nomura Securities International, Inc. | $37.9M | 10.47% |
| Wells Fargo Securities, LLC | $27.7M | 7.66% |
| J.P. Morgan Securities LLC | $18.1M | 4.99% |
| BMO Capital Markets Corp. | $16.0M | 4.42% |
| Morgan Stanley & Co. LLC | $12.9M | 3.57% |
| BofA Securities, Inc. | $10.3M | 2.86% |
| Citigroup Global Markets Inc. | $9.9M | 2.74% |
| Barclays Capital Inc. | $9.2M | 2.54% |
| Goldman Sachs & Co. LLC | $6.7M | 1.84% |
Federated Hermes Adjustable Rate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FEUNX | Institutional Shares | 0.31% | none |
| FEUGX | Class A | 0.56% | 1.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.