FITSX Fees and Costs — Federated Hermes Government Income Fund, Service Shares
Data updated: 2026-09-23
The net expense ratio is 0.84%: a 0.40% management fee plus 0.69% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 292%.
FITSX Fees and Expenses
Annual operating expenses and sales charges of FITSX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.84% |
| 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 |
FITSX Costs Over Time
On $10,000 invested in FITSX, assuming 5% a year before costs, total costs come to $529 over 5 years, cutting the return by 0.88% 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 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $529 |
| Value after costs | $10,412 | $11,286 | $12,234 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
FITSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 292%
- Securities lending: none during the year
FITSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $4K | 100.00% |
FITSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $625.6M | 55.49% |
| Nomura Securities International, Inc. | $115.6M | 10.25% |
| Morgan Stanley & Co. LLC | $112.3M | 9.96% |
| Citigroup Global Markets Inc. | $99.5M | 8.83% |
| Federated Securities Corp. | $87.6M | 7.77% |
| BNY Mellon Capital Markets, LLC | $43.0M | 3.82% |
| J.P. Morgan Securities LLC | $29.7M | 2.63% |
| Santander Securities LLC | $6.1M | 0.54% |
| Deutsche Bank Securities Inc. | $4.1M | 0.36% |
| Barclays Capital Inc. | $4.0M | 0.35% |
Federated Hermes Government Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FICMX | Institutional Shares | 0.64% | none |
| FITSX | Service Shares | 0.84% | 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.