Federated Hermes Total Return Government Bond Fund Institutional Shares
FTRGX
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.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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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Jun 18, 2014
- CIK
- 0000946868
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Total Return Government Bond Fund Institutional Shares (FTRGX) seeks total return consistent with current income through a portfolio consisting primarily of U.S. Treasury securities, U.S. government agency securities, and related derivative contracts; it may also invest in mortgage-backed securities and other government-related obligations. The fund operates within the intermediate government bond segment, targeting institutional investors with a minimum initial investment of $1,000,000, and emphasizes high credit quality investments sensitive to interest rate changes. Managed by Todd Abraham since 2003, along with Liam O'Connell and J. Andrew Kirschler since 2017, it maintains total net assets of approximately $188 million, with an expense ratio of 0.33% and daily pricing. Federated Hermes, Inc., the fund's investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, provides a broad range of investment products including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies across mutual funds, ETFs, separate accounts, and collective funds. The firm serves corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers globally, with operations in the United States, United Kingdom, and other regions, managing over $829 billion in assets as of December 2024. Recent developments at Federated Hermes include a strategic partnership with AmeriServ Financial Bank to provide wealth management clients access to its research, portfolio solutions, and investment products, enhancing distribution in Western Pennsylvania; the launch of Federated Enhanced Income (PAYR) for high current income via high-dividend equities and options overlays; and the introduction of Federated MDT Neutral ETF for market-neutral capital appreciation. In October 2024, the firm authorized a $156 million share repurchase program representing about 5% of outstanding shares; additionally, it agreed in October 2025 to acquire an 80% stake in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in client assets, for up to $331 million to bolster its private markets platform. These initiatives reflect ongoing expansion in alternatives, real estate, and income-focused offerings amid consistent revenue growth.