Federated Hermes Short-Intermediate Government Fund - IS Class
FIGTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- Federated US Govt Secs Fund 2-5 Years MA United States of America
- IPO Date
- Feb 18, 1983
- CIK
- 0000357159
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Short-Intermediate Government Fund - IS Class (FIGTX) is an open-end mutual fund that seeks current income through a diversified portfolio of short-to-intermediate term U.S. government securities, including Treasury notes, government-related obligations, and agency mortgage-backed securities with maturities of five years or less; it may employ derivatives such as Treasury futures for hedging and efficiency. The fund primarily invests in high-quality, investment-grade bonds with high credit quality and limited interest-rate sensitivity, allocating approximately 98% to U.S. bonds, 50% to government securities, 34% to government-related instruments, and 14% to agency mortgage-backed securities, with top holdings including 2-Year Treasury Note Futures and various U.S. Treasury Notes yielding 3.875% to 4%; cash equivalents comprise about 1% of assets. Managed by J. Andrew Kirschler since 2013 and Todd Abraham since 2017 within the short government category, the fund maintains total net assets of around $104 million, a net expense ratio of 0.60%, and a minimum initial investment of $1 million for institutional shares, with daily pricing available to U.S. investors. Launched on February 18, 1983, the fund operates under Federated Hermes, Inc., an investment manager founded in 1955 and headquartered at 1001 Liberty Avenue in Pittsburgh, Pennsylvania, with additional offices in New York City and London. Federated Hermes provides a broad range of equity, fixed-income, alternative/private markets, multi-asset, and liquidity management products including mutual funds, ETFs, separate accounts, closed-end funds, and collective investment funds to institutional and individual clients such as corporations, governments, insurers, foundations, banks, and broker-dealers across the United States, Europe, and other regions. In recent developments, Federated Hermes agreed in October 2025 to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager focused on multifamily properties, for up to $331 million in cash, stock, and contingent consideration, marking its second private markets acquisition of 2025 following the April purchase of Rivington Energy Management Limited and expanding U.S. real estate capabilities to complement its $5.5 billion U.K. real estate operations. The firm also launched the Federated Hermes MDT Market Neutral ETF in September 2025 and a Global Short Duration Bond Fund in June 2025 to target credit opportunities amid elevated rates, while merging its U.K. Property Unit Trust into Legal & General's Managed Property Fund in August 2025 and participating in a blockchain initiative with BNY Mellon and Goldman Sachs for money market fund ownership records. These moves support Federated Hermes' strategic growth in alternatives managing $19 billion and overall assets exceeding $829 billion as of late 2024, with pipeline activity in private equity, direct lending, and real estate debt funds.