FEUGX Performance — Federated Hermes Adjustable Rate Fund, Class A
Data updated: 2026-07-27
FEUGX returned +1.79% year to date and +5.31% over one year to May 2026. Annualised returns are +5.35% over 3 years and +3.10% over 5 years. The fund trailed its Ultrashort Securitized Bond category average: $100 invested three years ago grew to $117, against $122 for the category, and to $105 over one year, against $107. Volatility over the past three years was 1.12% a year. In the 12 months to May 2026 the fund took in a net $136.2M, and assets reached $435.50M.
FEUGX Growth of $100
What $100 invested in Federated Hermes Adjustable Rate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Securitized Bond category average over the same months.
| Period | FEUGX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $107 |
| 3 years (Jun 2023 – May 2026) | $117 | $122 |
| 5 years (Jun 2021 – May 2026) | $116 | $121 |
| Since data start (Sep 2019 – May 2026) | $118 | $125 |
FEUGX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.79% |
| 1 year | +5.31% |
| 3 years (annualised) | +5.35% |
| 5 years (annualised) | +3.10% |
FEUGX Annual Returns
Calendar-year total returns of Federated Hermes Adjustable Rate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.79% |
| 2025 | +5.24% |
| 2024 | +5.72% |
| 2023 | +5.07% |
| 2022 | −1.98% |
| 2021 | −0.24% |
| 2020 | +0.94% |
| 2019 (Sep–Dec) | +0.63% |
FEUGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.4% | 0.0% | +0.4% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.6% | +0.5% | +0.3% | 0.0% | +0.7% | +0.3% | +0.7% | +0.5% | +0.4% | +0.4% | +0.5% |
| 2024 | +0.4% | +0.2% | +0.8% | −0.2% | +0.8% | +0.7% | +0.8% | +0.8% | +0.5% | 0.0% | +0.6% | +0.2% |
| 2023 | +0.9% | +0.1% | +0.4% | +0.5% | −0.1% | +0.3% | +0.1% | +0.2% | 0.0% | +0.2% | +1.2% | +1.2% |
| 2022 | −0.2% | −0.2% | −0.3% | −0.4% | +0.1% | −0.2% | +0.5% | −0.3% | −1.0% | −0.4% | +0.6% | −0.3% |
| 2021 | 0.0% | 0.0% | −0.2% | +0.1% | −0.1% | 0.0% | +0.1% | −0.1% | 0.0% | −0.1% | −0.1% | 0.0% |
| 2020 | +0.5% | +0.2% | −1.9% | +1.1% | +0.4% | +0.2% | +0.2% | +0.2% | +0.1% | +0.1% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | — | — | +0.2% | +0.2% | +0.1% | +0.2% |
FEUGX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 1.12%
- 3-year Sharpe ratio: 0.76 (vs 4.5% risk-free rate)
- Best month: +1.21% (Nov 2023)
- Worst month: −0.20% (Apr 2024)
FEUGX Fund Flows
Monthly money in and out of Federated Hermes Adjustable Rate Fund, from SEC Form N-PORT.
- 12-month net flow: $136.2M
- 12-month gross sales (incl. reinvestments): $254.0M
- Sales ÷ redemptions: 2.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $35.6M | $8.4M | $27.1M |
| Apr 2026 | $15.7M | $11.9M | $3.9M |
| Mar 2026 | $27.3M | $10.9M | $16.4M |
| Feb 2026 | $13.9M | $3.9M | $9.9M |
| Jan 2026 | $32.7M | $8.9M | $23.8M |
| Dec 2025 | $20.9M | $8.9M | $12.0M |
| Nov 2025 | $14.9M | $6.4M | $8.5M |
| Oct 2025 | $17.8M | $7.2M | $10.6M |
| Sep 2025 | $14.8M | $6.4M | $8.5M |
| Aug 2025 | $36.3M | $7.6M | $28.7M |
| Jul 2025 | $11.1M | $8.7M | $2.4M |
| Jun 2025 | $12.9M | $28.5M | −$15.5M |
FEUGX Assets Under Management
Net assets of Federated Hermes Adjustable Rate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $435.50M |
| 2026-02-28 | $389.31M |
| 2025-11-30 | $341.61M |
| 2025-08-31 | $313.48M |
| 2025-05-31 | $296.61M |
| 2025-02-28 | $254.86M |
| 2024-11-30 | $199.94M |
| 2024-08-31 | $171.37M |
| 2024-05-31 | $156.78M |
| 2024-02-29 | $139.87M |
| 2023-11-30 | $116.35M |
| 2023-08-31 | $124.25M |
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.