FGUSX Performance — Federated Hermes Government Ultrashort Fund, Institutional Shares
Data updated: 2026-08-11
FGUSX returned +1.68% year to date and +4.87% over one year to May 2026. Annualised returns are +5.18% over 3 years and +3.54% over 5 years. The fund trailed its Ultrashort Securitized Bond category average: $100 invested three years ago grew to $116, against $122 for the category, and to $105 over one year, against $107. Volatility over the past three years was 0.63% a year. In the 12 months to May 2026 the fund took in a net $528.2M, and assets reached $2.33B.
FGUSX Growth of $100
What $100 invested in Federated Hermes Government Ultrashort 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 | FGUSX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $107 |
| 3 years (Jun 2023 – May 2026) | $116 | $122 |
| 5 years (Jun 2021 – May 2026) | $119 | $121 |
| Since data start (Sep 2019 – May 2026) | $122 | $125 |
FGUSX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.68% |
| 1 year | +4.87% |
| 3 years (annualised) | +5.18% |
| 5 years (annualised) | +3.54% |
FGUSX Annual Returns
Calendar-year total returns of Federated Hermes Government Ultrashort Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.68% |
| 2025 | +5.08% |
| 2024 | +5.65% |
| 2023 | +5.11% |
| 2022 | +0.44% |
| 2021 | −0.06% |
| 2020 | +1.47% |
| 2019 (Sep–Dec) | +0.54% |
FGUSX 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 | +0.4% | +0.4% | 0.0% | +0.4% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.6% | +0.3% | +0.3% | +0.3% | +0.5% | +0.4% | +0.6% | +0.4% | +0.4% | +0.5% | +0.4% |
| 2024 | +0.4% | +0.4% | +0.7% | +0.3% | +0.6% | +0.5% | +0.7% | +0.6% | +0.5% | +0.1% | +0.6% | +0.2% |
| 2023 | +0.4% | +0.4% | +0.5% | +0.4% | +0.2% | +0.4% | +0.2% | +0.4% | +0.2% | +0.2% | +0.9% | +0.8% |
| 2022 | −0.1% | −0.1% | −0.2% | −0.1% | 0.0% | 0.0% | +0.1% | +0.2% | −0.2% | 0.0% | +0.4% | +0.3% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | +0.1% | 0.0% | −0.1% | −0.1% | 0.0% | 0.0% |
| 2020 | +0.4% | +0.1% | −0.3% | +0.6% | +0.2% | +0.1% | 0.0% | +0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | — | — | +0.2% | +0.2% | +0.1% | +0.1% |
FGUSX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.63%
- 3-year Sharpe ratio: 1.08 (vs 4.5% risk-free rate)
- Best month: +0.88% (Nov 2023)
- Worst month: +0.03% (Mar 2026)
FGUSX Fund Flows
Monthly money in and out of Federated Hermes Government Ultrashort Fund, from SEC Form N-PORT.
- 12-month net flow: $528.2M
- 12-month gross sales (incl. reinvestments): $1.8B
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $102.9M | $111.9M | −$9.0M |
| Apr 2026 | $160.9M | $127.1M | $33.8M |
| Mar 2026 | $153.4M | $148.5M | $4.9M |
| Feb 2026 | $162.6M | $126.8M | $35.8M |
| Jan 2026 | $191.3M | $97.0M | $94.2M |
| Dec 2025 | $175.8M | $167.7M | $8.1M |
| Nov 2025 | $121.6M | $117.0M | $4.6M |
| Oct 2025 | $333.3M | $72.4M | $261.0M |
| Sep 2025 | $125.7M | $77.8M | $47.9M |
| Aug 2025 | $107.2M | $57.0M | $50.2M |
| Jul 2025 | $85.2M | $58.2M | $27.0M |
| Jun 2025 | $77.7M | $108.1M | −$30.4M |
FGUSX Assets Under Management
Net assets of Federated Hermes Government Ultrashort Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.33B |
| 2026-02-28 | $2.30B |
| 2025-11-30 | $2.16B |
| 2025-08-31 | $1.85B |
| 2025-05-31 | $1.79B |
| 2025-02-28 | $1.65B |
| 2024-11-30 | $1.44B |
| 2024-08-31 | $1.22B |
| 2024-05-31 | $1.08B |
| 2024-02-29 | $942.61M |
| 2023-11-30 | $911.64M |
| 2023-08-31 | $929.78M |
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.