FSGIX Fees and Costs — Federated Hermes Short-Term Government Fund, Service Shares
Data updated: 2026-05-06
The net expense ratio is 0.62%: a 0.30% management fee plus 0.77% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 79%.
FSGIX Fees and Expenses
Annual operating expenses and sales charges of FSGIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FSGIX Costs Over Time
On $10,000 invested in FSGIX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
FSGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
FSGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $2K | 100.00% |
FSGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $79.3M | 45.21% |
| BMO Capital Markets Corp. | $30.3M | 17.26% |
| BNY Mellon Capital Markets, LLC | $11.5M | 6.55% |
| Deutsche Bank Securities Inc. | $11.0M | 6.26% |
| Citadel Securities LLC | $11.0M | 6.25% |
| J.P. Morgan Securities LLC | $9.0M | 5.14% |
| Morgan Stanley & Co. LLC | $8.9M | 5.09% |
| Citigroup Global Markets Inc. | $5.5M | 3.14% |
| Nomura Securities International, Inc. | $4.9M | 2.80% |
| Barclays Capital Inc. | $4.0M | 2.27% |
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.