Federated Hermes Government Income Fund - Service Shares
FITSX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Jun 18, 1992
- CIK
- 0000357052
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Government Income Fund - Service Shares (FITSX) is an open-end mutual fund that seeks current income by investing primarily in fixed-income securities issued or guaranteed by the U.S. government, its agencies, and instrumentalities; it emphasizes U.S. government bonds (97.14% of assets), mortgage-backed securities supported by government or private insurance, and limited cash equivalents (2.86%). The fund offers Service Shares with a net expense ratio of 0.84%, daily pricing, and a minimum initial investment of $1,000,000, targeting institutional and high-net-worth investors in the intermediate government bond category with high credit quality and moderate interest-rate sensitivity. Managed by Todd Abraham since September 2000 and Liam O'Connell since March 2013, the fund maintains a portfolio focused on risk-managed, diversified U.S. Treasury and agency obligations, with total net assets of approximately $147 million and Service Shares comprising $69.59 million. Launched on June 2, 1992, it operates within the United States and is domiciled there, distributed by Federated Securities Corp. The fund belongs to Federated Hermes, Inc., an asset management firm founded in 1955 and headquartered in Pittsburgh, Pennsylvania, with additional offices in New York City and London; Federated Hermes provides a broad range of active equity, fixed income, liquidity, private markets, and stewardship services globally. FITSX forms part of Federated Hermes' fixed-income offerings, which employ fundamental analysis, macro perspectives, and rigorous security selection for portfolios emphasizing government income securities. No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches, or reorganizations specific to FITSX, have been reported in the last 1-2 years; the fund continues standard operations with voluntary expense waivers in effect through April 1, 2026, and ongoing portfolio adjustments amid interest rate sensitivities and mortgage-backed security risks.