FSGVX Performance — Federated Hermes Short-Term Government Fund, Institutional Shares
Data updated: 2026-05-06
FSGVX returned +4.25% over one year to Aug 2025. Annualised returns are +3.55% over 3 years and +1.24% over 5 years. The fund trailed its Short-Term Government Bond category average: $100 invested three years ago grew to $111, against $113 for the category, and to $104 over one year, against $105. Volatility over the past three years was 2.17% a year. In the 12 months to Aug 2025 the fund lost a net $21.6M, and assets reached $44.49M.
FSGVX Growth of $100
What $100 invested in Federated Hermes Short-Term Government Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | FSGVX | Category average |
|---|---|---|
| 1 year (Sep 2024 – Aug 2025) | $104 | $105 |
| 3 years (Sep 2022 – Aug 2025) | $111 | $113 |
| 5 years (Sep 2020 – Aug 2025) | $106 | $110 |
| Since data start (Sep 2019 – Aug 2025) | $110 | $114 |
FSGVX Trailing Returns
Total returns to Aug 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.25% |
| 3 years (annualised) | +3.55% |
| 5 years (annualised) | +1.24% |
FSGVX Annual Returns
Calendar-year total returns of Federated Hermes Short-Term Government Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Aug) | +3.60% |
| 2024 | +3.70% |
| 2023 | +4.07% |
| 2022 | −4.02% |
| 2021 | −0.97% |
| 2020 | +2.93% |
| 2019 (Sep–Dec) | +0.22% |
FSGVX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.4% | +0.8% | +0.5% | +0.7% | −0.4% | +0.7% | −0.1% | +0.9% | — | — | — | — |
| 2024 | +0.4% | −0.4% | +0.5% | −0.5% | +0.6% | +0.6% | +1.0% | +0.8% | +0.8% | −0.8% | +0.4% | +0.2% |
| 2023 | +0.8% | −0.7% | +1.5% | +0.3% | −0.4% | −0.5% | +0.3% | +0.4% | −0.1% | +0.2% | +1.2% | +1.1% |
| 2022 | −0.7% | −0.5% | −1.3% | −0.5% | +0.4% | −0.4% | +0.5% | −0.9% | −1.4% | −0.1% | +0.7% | +0.1% |
| 2021 | 0.0% | −0.1% | −0.1% | +0.1% | +0.1% | −0.1% | 0.0% | 0.0% | −0.1% | −0.4% | −0.1% | −0.2% |
| 2020 | +0.5% | +0.8% | +1.0% | +0.3% | +0.2% | +0.1% | +0.1% | 0.0% | +0.1% | −0.1% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.1% | +0.3% | −0.1% | +0.2% |
FSGVX Risk
Risk measures from monthly returns over Sep 2022 – Aug 2025.
- 3-year volatility (annualised): 2.17%
- 3-year Sharpe ratio: -0.44 (vs 4.5% risk-free rate)
- Best month: +1.45% (Mar 2023)
- Worst month: −1.41% (Sep 2022)
FSGVX Fund Flows
Monthly money in and out of Federated Hermes Short-Term Government Fund, from SEC Form N-PORT.
- 12-month net flow: −$21.6M
- 12-month gross sales (incl. reinvestments): $12.2M
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2025 | $458K | $750K | −$293K |
| Jul 2025 | $608K | $289K | $319K |
| Jun 2025 | $859K | $588K | $271K |
| May 2025 | $524K | $629K | −$104K |
| Apr 2025 | $2.3M | $5.1M | −$2.8M |
| Mar 2025 | $3.7M | $4.4M | −$685K |
| Feb 2025 | $1.9M | $1.9M | −$10K |
| Jan 2025 | $298K | $2.4M | −$2.1M |
| Dec 2024 | $261K | $267K | −$6K |
| Nov 2024 | $237K | $6.2M | −$6.0M |
| Oct 2024 | $281K | $10.2M | −$9.9M |
| Sep 2024 | $824K | $1.2M | −$349K |
FSGVX Assets Under Management
Net assets of Federated Hermes Short-Term Government Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-08-31 | $44.49M |
| 2025-05-31 | $44.02M |
| 2025-02-28 | $47.75M |
| 2024-11-30 | $49.70M |
| 2024-08-31 | $66.35M |
| 2024-05-31 | $66.50M |
| 2024-02-29 | $74.88M |
| 2023-11-30 | $83.44M |
| 2023-08-31 | $86.39M |
| 2023-05-31 | $95.09M |
| 2023-02-28 | $100.12M |
| 2022-11-30 | $108.06M |
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.