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Trending ETFs

Federated Hermes Government Income Securities, Inc.

mutual fund
GISIX
Payout Change
Pending
Price as of:
$7.41 -0.03 -0.4%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GISIX) F (FGOIX) C (FGOCX) A (FGOAX)
GISIX (Mutual Fund)

Federated Hermes Government Income Securities, Inc.

Payout Change
Pending
Price as of:
$7.41 -0.03 -0.4%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GISIX) F (FGOIX) C (FGOCX) A (FGOAX)
GISIX (Mutual Fund)

Federated Hermes Government Income Securities, Inc.

Payout Change
Pending
Price as of:
$7.41 -0.03 -0.4%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GISIX) F (FGOIX) C (FGOCX) A (FGOAX)

Name

As of 12/04/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Government Income Securities, Inc.

GISIX | Fund

$7.41

$80.6 M

2.85%

$0.21

1.09%

Vitals

YTD Return

0.6%

1 yr return

-0.2%

3 Yr Avg Return

-4.8%

5 Yr Avg Return

N/A

Net Assets

$80.6 M

Holdings in Top 10

33.0%

52 WEEK LOW AND HIGH

$7.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 241.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/04/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Government Income Securities, Inc.

GISIX | Fund

$7.41

$80.6 M

2.85%

$0.21

1.09%

GISIX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return -4.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Government Income Securities, Inc.
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    May 06, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Todd Abraham

Fund Description

The Fund seeks to provide current income by investing primarily in fixed-income securities issued or guaranteed by the U.S. government and its agencies and instrumentalities. Under normal market conditions, the Fund invests primarily in mortgage-backed securities (MBS) of investment-grade quality, including collateralized mortgage obligations (CMOs) and commercial mortgage backed securities (CMBS), and seeks to provide returns consistent with investments in the market for U.S. home mortgages. The Fund will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The Fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. The Fund also may invest in U.S. government securities and certain derivative instruments and engage in short sales of U.S. Treasury securities and futures contracts.The Fund typically seeks to maintain an overall average dollar-weighted portfolio duration that is within one year above or below the duration of the blended index comprised of the Bloomberg US Government Bond Index, an index composed of U.S. government and government agency securities with maturities of one year or more, and the Bloomberg US Mortgage Backed Securities Index, an index composed of MBS issued or guaranteed by U.S. government agencies or instrumentalities (the “Blended Index”). At times, the Fund’s investment adviser’s (the “Adviser”) calculation of portfolio duration may result in variances outside this range. Duration is a measure of the price volatility of a fixed-income security as a result of changes in market rates of interest, based on the weighted average timing of the instrument’s expected fixed interest and principal payments. The Adviser seeks to create a portfolio, consisting of MBS, derivative instruments and other securities, that outperforms the Blended Index.Based on fundamental analysis, the Adviser will consider a variety of factors when making decisions to purchase or sell particular securities or derivative contracts. The Fund may, but is not required to, use derivative instruments, which are instruments that have a value based on another instrument, exchange rate or index, and may be used as substitutes for securities in which the Fund can invest, or to hedge against a potential loss in the underlying asset. There can be no assurance that the Fund’s use of derivative instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in U.S. government investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in U.S. government investments.
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GISIX - Performance

Return Ranking - Trailing

Period GISIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.7% 22.2% 62.07%
1 Yr -0.2% -3.8% 19.8% 64.22%
3 Yr -4.8%* -8.9% 9.3% 76.99%
5 Yr N/A* -5.3% 15.8% 77.74%
10 Yr N/A* -1.9% 8.2% 100.00%

* Annualized

Return Ranking - Calendar

Period GISIX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.6% -20.4% -5.8% 83.12%
2021 -3.8% -7.1% 16.6% 72.12%
2020 N/A -1.3% 8.8% N/A
2019 N/A 0.3% 7.1% 100.00%
2018 N/A -5.4% 0.2% 87.67%

Total Return Ranking - Trailing

Period GISIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -2.7% 22.2% 62.07%
1 Yr -0.2% -3.8% 19.8% 64.22%
3 Yr -4.8%* -8.9% 9.3% 76.99%
5 Yr N/A* -5.3% 15.8% 70.80%
10 Yr N/A* -1.9% 8.2% 100.00%

* Annualized

Total Return Ranking - Calendar

Period GISIX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.8% -18.5% -3.3% 81.82%
2021 -2.3% -4.5% 25.3% 73.89%
2020 N/A -1.3% 113.7% N/A
2019 N/A 1.8% 11.3% 100.00%
2018 N/A -2.2% 2.3% 87.67%

NAV & Total Return History

GISIX - Holdings

Concentration Analysis

GISIX Category Low Category High GISIX % Rank
Net Assets 80.6 M 3.48 M 113 B 93.53%
Number of Holdings 127 17 13025 80.17%
Net Assets in Top 10 27.7 M 5.5 M 37 B 93.97%
Weighting of Top 10 33.04% 6.6% 98.1% 65.52%

Top 10 Holdings

  1. Fannie Mae Pool 6.73%
  2. United States Treasury Note/Bond 3.89%
  3. Fannie Mae Pool 3.69%
  4. Fannie Mae Pool 3.02%
  5. United States Treasury Note/Bond 2.97%
  6. Freddie Mac Pool 2.81%
  7. Fannie Mae Pool 2.56%
  8. Freddie Mac Pool 2.49%
  9. Tennessee Valley Authority 2.49%
  10. Federal Home Loan Banks 2.39%

Asset Allocation

Weighting Return Low Return High GISIX % Rank
Bonds 		93.28% 0.11% 165.95% 93.10%
Other 		5.14% -17.09% 17.75% 9.48%
Cash 		1.58% -29.69% 26.26% 53.45%
Stocks 		0.00% 0.00% 96.09% 15.95%
Preferred Stocks 		0.00% 0.00% 0.10% 15.09%
Convertible Bonds 		0.00% 0.00% 3.29% 16.81%

Bond Sector Breakdown

Weighting Return Low Return High GISIX % Rank
Securitized 		65.39% 0.00% 99.79% 34.91%
Government 		28.75% 0.00% 100.00% 52.59%
Cash & Equivalents 		1.37% -29.63% 33.75% 57.33%
Derivative 		0.03% -17.09% 4.98% 43.97%
Corporate 		0.00% 0.00% 9.48% 40.95%
Municipal 		0.00% 0.00% 5.24% 31.03%

Bond Geographic Breakdown

Weighting Return Low Return High GISIX % Rank
US 		93.28% 0.11% 165.95% 93.10%
Non US 		0.00% 0.00% 12.01% 17.24%

GISIX - Expenses

Operational Fees

GISIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.03% 3.55% 25.11%
Management Fee 0.55% 0.00% 0.85% 96.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.45% 69.09%

Sales Fees

GISIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

GISIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GISIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 241.00% 3.35% 948.00% 62.59%

GISIX - Distributions

Dividend Yield Analysis

GISIX Category Low Category High GISIX % Rank
Dividend Yield 2.85% 0.00% 4.84% 13.36%

Dividend Distribution Analysis

GISIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GISIX Category Low Category High GISIX % Rank
Net Income Ratio 1.57% -0.80% 2.96% 5.19%

Capital Gain Distribution Analysis

GISIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Annually

Distributions History

View More +

GISIX - Fund Manager Analysis

Managers

Todd Abraham

Start Date

Tenure

Tenure Rank

Feb 28, 2003

19.27

19.3%

Todd A. Abraham is a Senior Portfolio Manager and Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.

Liam O'Connell

Start Date

Tenure

Tenure Rank

Apr 30, 2017

5.09

5.1%

Liam O’Connell, CFA, has been the Fund’s portfolio manager since April of 2017. Mr. O’Connell is responsible for providing research and advice on sector allocation and security selection. He has been with the Adviser or an affiliate since 2003; has worked in investment management since 2003; has managed investment portfolios since 2005. Education: B.S., Webb Institute of Naval Architecture; M.S, Johns Hopkins University; M.B.A., Massachusetts Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.43 7.35

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