FIGTX

About FIGTX

Federated Hermes Short-Intermediate Government Fund Institutional Shares is an actively managed open‑end mutual fund focused on generating current income from high-quality, short‑ to intermediate‑term U.S. government debt. The portfolio primarily holds U.S. Treasury securities and government agency mortgage‑backed securities, emphasizing a conservative credit profile with a predominantly AA quality mix and limited credit risk exposure. The strategy targets the short government segment with a typical effective duration around the mid‑3‑year range and a weighted average maturity near five years, positioning it to balance income with moderate interest‑rate sensitivity. The fund benchmarks against the ICE BofA 3‑5 Year U.S. Treasury Index and distributes dividends monthly. With a history dating back more than four decades and a research‑driven process that may incorporate derivatives to manage duration and hedge risk, it serves as a core fixed income holding for institutions seeking stability, liquidity, and consistent cash flow from government-backed securities. The mandate’s emphasis on Treasuries and agency MBS underpins its role in capital preservation and in dampening portfolio volatility during shifting rate environments.