Federated Hermes Short-Intermediate Government Fund is an open-end bond mutual fund focused on high-quality, interest-rate–sensitive securities. Its primary objective is to provide current income by investing mainly in short- to intermediate-term U.S. Treasury obligations and government agency mortgage-backed securities, typically within a maturity profile of about two to five years. The portfolio has historically emphasized strong credit quality, with the vast majority rated in the AA tier, reflecting exposure to U.S. government and agency issuers. The fund tracks its results against the ICE BofA 3–5 Year U.S. Treasury Index as a benchmark and distributes dividends on a monthly basis. Within the short government Morningstar category, it serves as a core allocation for investors seeking conservative duration positioning and liquidity relative to longer-duration strategies. Launched in 2003 for this share class, the strategy’s broader track record spans over four decades at the firm, supported by a seasoned team specializing in government and mortgage-backed markets. Its role in the market centers on offering stability, income, and measured interest-rate exposure through a diversified basket of U.S. government-related fixed income.
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