FEUSX Fees and Costs — Federated Hermes Government Ultrashort Fund, Service Shares
Data updated: 2026-08-11
The net expense ratio is 0.36%: a 0.25% management fee plus 0.43% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 24%.
FEUSX Fees and Expenses
Annual operating expenses and sales charges of FEUSX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.36% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FEUSX Costs Over Time
On $10,000 invested in FEUSX, assuming 5% a year before costs, total costs come to $228 over 5 years, cutting the return by 0.38% 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 |
| Fund expenses (net expense ratio 0.36%) | $38 | $119 | $207 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $228 |
| Value after costs | $10,462 | $11,452 | $12,535 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
FEUSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $151.4B
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
FEUSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $55.7B | 37.01% |
| BofA Securities, Inc. | $49.8B | 33.06% |
| J.P. Morgan Securities LLC | $41.8B | 27.77% |
| RBC Capital Markets, LLC | $1.2B | 0.80% |
| Scotia Capital (USA) Inc. | $567.3M | 0.38% |
| Credit Agricole Securities (USA) Inc. | $500.0M | 0.33% |
| Wells Fargo Securities, LLC | $319.7M | 0.21% |
| Barclays Capital Inc. | $277.6M | 0.18% |
| Citigroup Global Markets Inc. | $201.0M | 0.13% |
| Standard Chartered Securities (North America) LLC | $190.7M | 0.13% |
Federated Hermes Government Ultrashort Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FGULX | Class R6 | 0.24% | none |
| FGUSX | Institutional Shares | 0.26% | none |
| FEUSX | Service Shares | 0.36% | none |
| FGUAX | Class A | 0.41% | none |
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.