Federated Hermes Short-Term Government Fund SS Class
FSGIX
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- Federated Hermes Short-Term Government Fund SS Class (FSGIX) is a mutual fund that seeks current income by investing primarily in a diversified portfolio of U.S. Treasury securities and U.S. government agency securities with maturities generally between one and three years; it may also employ related derivative contracts for portfolio management purposes. The fund benchmarks its performance against the ICE BofA 1-3 Year US Treasury Index and targets institutional investors, financial intermediaries, and individuals seeking short-term, high-quality fixed income exposure with low credit risk and capital preservation. Launched on May 30, 1992, under fund number 100 and CUSIP 31428M2093, it operates within the short-term government segment of the fixed income market, offering liquidity and steady income aligned with conservative cash management strategies. Federated Hermes, Inc., the fund's investment manager, was founded in 1955 and is headquartered in Pittsburgh, Pennsylvania, with additional offices in locations such as New York City and London; the firm manages approximately $829.6 billion in assets as of December 2024 across equities, fixed income, alternatives, liquidity, multi-asset, and sustainable strategies for institutions, intermediaries, and individual investors globally. In a significant recent development, the FSGIX share class was discontinued and liquidated effective October 24, 2025, reflecting portfolio rationalization amid evolving market conditions and Federated Hermes' ongoing product optimization efforts. This closure follows the firm's broader strategic focus on responsible investing and ESG integration, bolstered by milestones such as the 2018 acquisition of a majority interest in Hermes Investment Management and the 2020 rebranding to Federated Hermes.