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Trending ETFs

Name

As of 07/11/2024

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

$1.00

$121 M

4.30%

$0.04

1.15%

Vitals

YTD Return

2.5%

1 yr return

4.4%

3 Yr Avg Return

2.4%

5 Yr Avg Return

1.5%

Net Assets

$121 M

Holdings in Top 10

62.7%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

$250


Fund Classification

Fund Type

Money Market Fund


Name

As of 07/11/2024

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

$1.00

$121 M

4.30%

$0.04

1.15%

GRFXX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Government Reserves Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 20, 2013
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund invests in a portfolio of U.S. Treasury and government securities maturing in 397 days or less and repurchase agreements collateralized fully by U.S. Treasury and government securities. The Fund may also hold cash.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in certain government securities that are issued by entities whose activities are sponsored by the federal government, but that have no explicit financial support.In pursuing its investment objective and implementing its investment strategies, the Fund will comply with Rule 2a-7 under the Investment Company Act of 1940 (“Rule 2a-7”).The Fund will operate as a “government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”). “Government money market funds” are required to invest at least 99.5% of their total assets in (i) cash, (ii) securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities and/or (iii) repurchase agreements that are collateralized fully. Pursuant to rules adopted by the Securities and Exchange Commission(SEC) in July 2023, government money market funds are not required to adopt a liquidityfeeframework.Under normal conditions, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowing for investment purposes) are invested in government securities and/or repurchase agreements that are collateralized fully by government securities. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.
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GRFXX - Performance

Return Ranking - Trailing

Period GRFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.5% 5.4% 95.12%
1 Yr 4.4% 0.5% 7.7% 95.37%
3 Yr 2.4%* 0.7% 3.8% 94.51%
5 Yr 1.5%* 0.7% 110.4% 91.40%
10 Yr N/A* 0.4% 32.2% 72.93%

* Annualized

Return Ranking - Calendar

Period GRFXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 21.80%
2022 0.0% 0.0% 1.2% 22.05%
2021 0.0% 0.0% 0.0% 21.95%
2020 0.0% 0.0% 0.4% 21.96%
2019 0.0% 0.0% 2.0% 21.67%

Total Return Ranking - Trailing

Period GRFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.5% 5.4% 95.12%
1 Yr 4.4% 0.5% 7.7% 95.37%
3 Yr 2.4%* 0.7% 3.8% 94.51%
5 Yr 1.5%* 0.7% 110.4% 91.40%
10 Yr N/A* 0.4% 32.2% 72.93%

* Annualized

Total Return Ranking - Calendar

Period GRFXX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% 0.8% 5.9% 97.24%
2022 0.7% 0.0% 1.8% 97.18%
2021 0.0% 0.0% 1.9% 61.25%
2020 0.2% 0.0% 3.0% 85.16%
2019 2.3% 0.0% 3797.9% 14.24%

NAV & Total Return History


GRFXX - Holdings

Concentration Analysis

GRFXX Category Low Category High GRFXX % Rank
Net Assets 121 M 818 K 211 B 75.37%
Number of Holdings 108 1 346 23.72%
Net Assets in Top 10 7.57 B 147 K 163 B 49.39%
Weighting of Top 10 62.72% 22.7% 100.0% 51.26%

Top 10 Holdings

  1. Frbny .05 1/3/2022 47.03%
  2. Frbny .05 1/3/2022 47.03%
  3. Frbny .05 1/3/2022 47.03%
  4. Frbny .05 1/3/2022 47.03%
  5. Frbny .05 1/3/2022 47.03%
  6. Frbny .05 1/3/2022 47.03%
  7. Frbny .05 1/3/2022 47.03%
  8. Frbny .05 1/3/2022 47.03%
  9. Frbny .05 1/3/2022 47.03%
  10. Frbny .05 1/3/2022 47.03%

Asset Allocation

Weighting Return Low Return High GRFXX % Rank
Cash
74.28% 25.56% 100.00% 54.88%
Bonds
25.72% 0.00% 74.44% 40.73%
Stocks
0.00% 0.00% 0.00% 21.95%
Preferred Stocks
0.00% 0.00% 0.00% 21.95%
Other
0.00% -1.67% 0.04% 21.22%
Convertible Bonds
0.00% 0.00% 21.22% 29.76%

Bond Sector Breakdown

Weighting Return Low Return High GRFXX % Rank
Cash & Equivalents
74.28% 0.00% 100.00% 52.68%
Government
25.72% 0.00% 44.01% 36.34%
Derivative
0.00% 0.00% 0.00% 20.73%
Securitized
0.00% 0.00% 1.75% 22.93%
Corporate
0.00% 0.00% 100.00% 37.07%
Municipal
0.00% 0.00% 22.71% 25.85%

Bond Geographic Breakdown

Weighting Return Low Return High GRFXX % Rank
US
25.72% 0.00% 72.86% 40.73%
Non US
0.00% 0.00% 3.41% 23.41%

GRFXX - Expenses

Operational Fees

GRFXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.07% 4.53% 4.63%
Management Fee 0.15% 0.03% 0.50% 34.63%
12b-1 Fee 0.55% 0.00% 1.00% 87.13%
Administrative Fee 0.10% 0.01% 0.55% 52.70%

Sales Fees

GRFXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GRFXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% 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.

GRFXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

GRFXX - Distributions

Dividend Yield Analysis

GRFXX Category Low Category High GRFXX % Rank
Dividend Yield 4.30% 0.00% 5.42% 95.12%

Dividend Distribution Analysis

GRFXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

GRFXX Category Low Category High GRFXX % Rank
Net Income Ratio 0.01% -1.09% 1.67% 38.60%

Capital Gain Distribution Analysis

GRFXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GRFXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Feb 25, 2005

17.27

17.3%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.08 19.01