United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-3387
(Investment Company Act File Number)
Federated Hermes Short-Intermediate Government Trust ______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 01/31/24
Date of Reporting Period: Six months ended 07/31/23
Item 1. | Reports to Stockholders |
![](https://capedge.com/proxy/N-CSRS/0001623632-23-001200/imgdde5124e1.gif)
Share Class | Ticker | R | FIGKX | Institutional | FIGTX | Service | FIGIX |
Federated Hermes Short-Intermediate Government Fund
A Portfolio of Federated Hermes Short-Intermediate Government Trust
![](https://capedge.com/proxy/N-CSRS/0001623632-23-001200/donahuechrissigsmall.jpg)
Security Type | Percentage of Total Net Assets |
U.S. Treasury Securities | 51.2% |
U.S. Government Agency Securities | 34.3% |
Mortgage-Backed Securities | 10.8% |
Derivative Contracts2 | (0.7)% |
Cash Equivalents3 | 2.9% |
Other Assets and Liabilities—Net4 | 1.5% |
TOTAL | 100% |
1 | See the Fund’s Prospectus and Statement of Additional Information for a description of the types of securities and derivatives in which the Fund invests. |
2 | Based upon net unrealized appreciation (depreciation) or value of the derivative contracts as applicable. Derivative contracts may consist of futures, forwards, options and swaps. The impact of a derivative contract on the Fund’s performance may be larger than its unrealized appreciation (depreciation) or value may indicate. In many cases, the notional value or amount of a derivative contract may provide a better indication of the contract’s significance to the portfolio. More complete information regarding the Fund’s direct investments in derivative contracts, including unrealized appreciation (depreciation), value and notional values or amounts of such contracts, can be found in the table at the end of the Portfolio of Investments included in this Report. |
3 | Cash Equivalents include any investments in money market mutual funds and/or overnight repurchase agreements. |
4 | Assets, other than investments in securities and derivative contracts, less liabilities. See Statement of Assets and Liabilities. |
Securities With an Effective Maturity of: | Percentage of Total Net Assets |
Less than 2 Years | 2.9% |
2-5 Years | 82.6% |
Greater than 5 Years | 10.8% |
Derivative Contracts2 | (0.7)% |
Cash Equivalent3 | 2.9% |
Other Assets and Liabilities—Net4 | 1.5% |
Total | 100% |
1 | For callable investments, “effective maturity” is the unexpired period until the earliest date the investment is subject to prepayment or repurchase by the issuer (and market conditions indicate that the issuer will prepay or repurchase the investment). For all other investments “effective maturity” is the unexpired period until final maturity. |
2 | Based upon net unrealized appreciation (depreciation) or value of the derivative contracts as applicable. Derivative contracts may consist of futures, forwards, options and swaps. The impact of a derivative contract on the Fund’s performance may be larger than its unrealized appreciation (depreciation) or value may indicate. In many cases, the notional value or amount of a derivative contract may provide a better indication of the contract’s significance to the portfolio. More complete information regarding the Fund’s direct investments in derivative contracts, including unrealized appreciation (depreciation), value and notional values or amounts of such contracts, can be found in the table at the end of the Portfolio of Investments included in this Report. |
3 | Cash Equivalents include any investments in money market mutual funds and/or overnight repurchase agreements. |
4 | Assets, other than investments in securities and derivative contracts, less liabilities. See Statement of Assets and Liabilities. |
Principal Amount or Shares | Value | ||
U.S. TREASURIES— 51.2% | |||
U.S. Treasury Notes— 51.2% | |||
$ 4,000,000 | 0.625%, 7/31/2026 | $ 3,568,440 | |
4,000,000 | 1.750%, 12/31/2026 | 3,664,953 | |
5,000,000 | 3.500%, 9/15/2025 | 4,863,359 | |
3,000,000 | 3.875%, 1/15/2026 | 2,942,142 | |
4,000,000 | 3.875%, 12/31/2027 | 3,936,626 | |
4,500,000 | 4.000%, 12/15/2025 | 4,425,140 | |
4,000,000 | 4.000%, 2/15/2026 | 3,934,972 | |
4,000,000 | 4.000%, 2/29/2028 | 3,964,062 | |
5,000,000 | 4.000%, 6/30/2028 | 4,959,766 | |
7,000,000 | 4.125%, 6/15/2026 | 6,925,078 | |
3,500,000 | 1 | 4.500%, 11/30/2024 | 3,464,206 |
5,000,000 | 4.500%, 11/15/2025 | 4,968,785 | |
4,000,000 | 4.500%, 7/15/2026 | 3,999,062 | |
5,000,000 | 4.625%, 3/15/2026 | 5,000,586 | |
TOTAL U.S. TREASURIES (IDENTIFIED COST $61,189,203) | 60,617,177 | ||
GOVERNMENT AGENCIES— 34.3% | |||
Federal Farm Credit System— 2.5% | |||
3,000,000 | 4.870%, 9/28/2026 | 2,963,879 | |
Federal Home Loan Bank System— 21.0% | |||
10,000,000 | 0.850%, 2/17/2027 | 8,767,478 | |
10,000,000 | 0.900%, 2/26/2027 | 8,763,770 | |
7,500,000 | 4.000%, 8/28/2025 | 7,349,768 | |
TOTAL | 24,881,016 | ||
Federal Home Loan Mortgage Corporation— 2.5% | |||
3,000,000 | 4.750%, 9/30/2025 | 2,966,474 | |
Federal National Mortgage Association— 8.3% | |||
5,000,000 | 4.125%, 8/28/2025 | 4,904,179 | |
5,000,000 | 5.200%, 2/17/2026 | 4,946,919 | |
TOTAL | 9,851,098 | ||
TOTAL GOVERNMENT AGENCIES (IDENTIFIED COST $41,776,905) | 40,662,467 | ||
MORTGAGE-BACKED SECURITIES— 10.8% | |||
Federal Home Loan Mortgage Corporation— 6.6% | |||
4,700,991 | 2.500%, 11/1/2051 | 3,963,822 |
Principal Amount or Shares | Value | ||
MORTGAGE-BACKED SECURITIES— continued | |||
Federal Home Loan Mortgage Corporation— continued | |||
$ 4,122,836 | 4.000%, 8/1/2052 | $ 3,852,547 | |
TOTAL | 7,816,369 | ||
Federal National Mortgage Association— 4.2% | |||
4,959,169 | 5.500%, 4/1/2053 | 4,931,423 | |
TOTAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $13,212,205) | 12,747,792 | ||
INVESTMENT COMPANY— 2.9% | |||
3,428,702 | Federated Hermes Government Obligations Fund, Premier Shares, 5.16%2 (IDENTIFIED COST $3,428,702) | 3,428,702 | |
TOTAL INVESTMENT IN SECURITIES—99.2% (IDENTIFIED COST $119,607,015)3 | 117,456,138 | ||
OTHER ASSETS AND LIABILITIES - NET—0.8%4 | 906,999 | ||
TOTAL NET ASSETS—100% | $118,363,137 |
Description | Number of Contracts | Notional Value | Expiration Date | Value and Unrealized Appreciation (Depreciation) |
Long Futures: | ||||
United States Treasury Notes 5-Year Long Futures | 440 | $47,000,938 | September 2023 | $(828,520) |
Short Futures: | ||||
United States Treasury Long Bond Short Futures | 30 | $3,733,125 | September 2023 | $55,088 |
United States Treasury Notes 10-Year Ultra Short Futures | 25 | $2,924,610 | September 2023 | $(19,197) |
NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | $(792,629) |
Counterparty | Description | Number of Contracts | Notional Amount | Expiration Date | Exercise Price | Value |
Put Option: | ||||||
Wells Fargo Bank N.A. | United States Treasury, 0.000%, 8/26/2023 | (15) | $2,369,400 | August 2023 | $124.00 | $(18,984) |
(Premium Received $10,042) | $(18,984) |
Federated Hermes Government Obligations Fund, Premier Shares | |
Value as of 1/31/2023 | $8,384,980 |
Purchases at Cost | $38,937,055 |
Proceeds from Sales | $(43,893,333) |
Change in Unrealized Appreciation/Depreciation | $— |
Net Realized Gain/(Loss) | $— |
Value as of 7/31/2023 | $3,428,702 |
Shares Held as of 7/31/2023 | 3,428,702 |
Dividend Income | $116,507 |
1 | Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding futures contracts. |
2 | 7-day net yield. |
3 | Also represents cost of investments for federal tax purposes. |
4 | Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities. |
The following is a summary of the inputs used, as of July 31, 2023, in valuing the Fund’s assets carried at fair value:
Valuation Inputs | ||||
Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total | |
Debt Securities: | ||||
U.S. Treasuries | $— | $60,617,177 | $— | $60,617,177 |
Government Agencies | — | 40,662,467 | — | 40,662,467 |
Mortgage-Backed Securities | — | 12,747,792 | — | 12,747,792 |
Investment Company | 3,428,702 | — | — | 3,428,702 |
TOTAL SECURITIES | $3,428,702 | $114,027,436 | $— | $117,456,138 |
Other Financial Instruments: | ||||
Assets | ||||
Futures Contracts | $55,088 | $— | $— | $55,088 |
Liabilities | ||||
Futures Contracts | (847,717) | — | — | (847,717) |
Written Options Contracts | (18,984) | — | — | (18,984) |
TOTAL OTHER FINANCIAL INSTRUMENTS | $(811,613) | $— | $— | $(811,613) |
Six Months Ended (unaudited) 7/31/2023 | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $9.94 | $10.82 | $11.32 | $11.01 | $10.67 | $10.65 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.14 | 0.14 | 0.02 | 0.06 | 0.16 | 0.15 |
Net realized and unrealized gain (loss) | (0.27) | (0.87) | (0.48) | 0.32 | 0.34 | 0.01 |
Total From Investment Operations | (0.13) | (0.73) | (0.46) | 0.38 | 0.50 | 0.16 |
Less Distributions: | ||||||
Distributions from net investment income | (0.13) | (0.15) | (0.04) | (0.07) | (0.16) | (0.14) |
Net Asset Value, End of Period | $9.68 | $9.94 | $10.82 | $11.32 | $11.01 | $10.67 |
Total Return1 | (1.27)% | (6.77)% | (4.11)% | 3.47% | 4.75% | 1.54% |
Ratios to Average Net Assets: | ||||||
Net expenses2 | 1.32%3 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Net investment income | 2.74%3 | 1.43% | 0.30% | 0.50% | 1.51% | 1.37% |
Expense waiver/reimbursement4 | 0.13%3 | 0.06% | 0.07% | 0.04% | 0.21% | 0.18% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $5,655 | $5,574 | $6,940 | $9,600 | $7,752 | $7,288 |
Portfolio turnover5 | 39% | 223% | 76% | 111% | 33% | 249% |
1 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
2 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
3 | Computed on an annualized basis. |
4 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
5 | Securities that mature are considered sales for purposes of this calculation. |
Six Months Ended (unaudited) 7/31/2023 | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $9.95 | $10.83 | $11.34 | $11.01 | $10.67 | $10.66 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.17 | 0.22 | 0.11 | 0.14 | 0.24 | 0.23 |
Net realized and unrealized gain (loss) | (0.26) | (0.88) | (0.50) | 0.33 | 0.34 | (0.00)1 |
Total From Investment Operations | (0.09) | (0.66) | (0.39) | 0.47 | 0.58 | 0.23 |
Less Distributions: | ||||||
Distributions from net investment income | (0.17) | (0.22) | (0.12) | (0.14) | (0.24) | (0.22) |
Net Asset Value, End of Period | $9.69 | $9.95 | $10.83 | $11.34 | $11.01 | $10.67 |
Total Return2 | (0.91)% | (6.08)% | (3.49)% | 4.32% | 5.52% | 2.19% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.59%4 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Net investment income | 3.47%4 | 2.11% | 1.03% | 1.20% | 2.24% | 2.09% |
Expense waiver/reimbursement5 | 0.22%4 | 0.20% | 0.16% | 0.13% | 0.15% | 0.16% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $102,306 | $127,637 | $188,492 | $274,359 | $181,032 | $227,168 |
Portfolio turnover6 | 39% | 223% | 76% | 111% | 33% | 249% |
1 | Represents less than $0.01. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
6 | Securities that mature are considered sales for purposes of this calculation. |
Six Months Ended (unaudited) 7/31/2023 | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $9.95 | $10.83 | $11.34 | $11.01 | $10.67 | $10.65 |
Income From Investment Operations: | ||||||
Net investment income (loss) | 0.16 | 0.21 | 0.10 | 0.11 | 0.22 | 0.22 |
Net realized and unrealized gain (loss) | (0.26) | (0.89) | (0.52) | 0.34 | 0.34 | (0.00)1 |
Total From Investment Operations | (0.10) | (0.68) | (0.42) | 0.45 | 0.56 | 0.22 |
Less Distributions: | ||||||
Distributions from net investment income | (0.16) | (0.20) | (0.09) | (0.12) | (0.22) | (0.20) |
Net Asset Value, End of Period | $9.69 | $9.95 | $10.83 | $11.34 | $11.01 | $10.67 |
Total Return2 | (1.03)% | (6.30)% | (3.72)% | 4.08% | 5.27% | 2.05% |
Ratios to Average Net Assets: | ||||||
Net expenses3 | 0.82%4 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Net investment income | 3.24%4 | 1.90% | 0.80% | 1.00% | 2.01% | 1.84% |
Expense waiver/reimbursement5 | 0.20%4 | 0.17% | 0.14% | 0.13% | 0.09% | 0.13% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $10,402 | $10,186 | $13,283 | $19,645 | $21,394 | $22,046 |
Portfolio turnover6 | 39% | 223% | 76% | 111% | 33% | 249% |
1 | Represents less than $0.01. |
2 | Based on net asset value. Total returns for periods of less than one year are not annualized. |
3 | Amount does not reflect net expenses incurred by investment companies in which the Fund may invest. |
4 | Computed on an annualized basis. |
5 | This expense decrease is reflected in both the net expense and the net investment income ratios shown above. Amount does not reflect expense waiver/reimbursement recorded by investment companies in which the Fund may invest. |
6 | Securities that mature are considered sales for purposes of this calculation. |
July 31, 2023 (unaudited)
Assets: | |
Investment in securities, at value including $3,428,702 of investments in affiliated holdings* (identified cost $119,607,015, including $3,428,702 of identified cost in affiliated holdings) | $117,456,138 |
Income receivable | 1,034,644 |
Income receivable from affiliated holdings | 7,395 |
Receivable for shares sold | 94,366 |
Receivable for variation margin on futures contracts | 19,508 |
Total Assets | 118,612,051 |
Liabilities: | |
Payable for shares redeemed | 147,489 |
Written options outstanding, at value (premium received $10,042) | 18,984 |
Income distribution payable | 34,611 |
Payable for investment adviser fee (Note 5) | 1,761 |
Payable for administrative fee (Note 5) | 252 |
Payable for share registration costs | 9,346 |
Payable for transfer agent fees (Note 2) | 3,480 |
Payable for portfolio accounting fees | 12,832 |
Payable for distribution services fee (Note 5) | 2,404 |
Payable for other service fees (Notes 2 and 5) | 9,940 |
Accrued expenses (Note 5) | 7,815 |
Total Liabilities | 248,914 |
Net assets for 12,216,065 shares outstanding | $118,363,137 |
Net Assets Consist of: | |
Paid-in capital | $166,024,891 |
Total distributable earnings (loss) | (47,661,754) |
Total Net Assets | $118,363,137 |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | |
Class R Shares: | |
Net asset value per share ($5,655,432 ÷ 584,449 shares outstanding), no par value, unlimited shares authorized | $9.68 |
Institutional Shares: | |
Net asset value per share ($102,305,623 ÷ 10,557,898 shares outstanding), no par value, unlimited shares authorized | $9.69 |
Service Shares: | |
Net asset value per share ($10,402,082 ÷ 1,073,718 shares outstanding), no par value, unlimited shares authorized | $9.69 |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended July 31, 2023 (unaudited)
Investment Income: | |
Interest | $2,627,248 |
Dividends received from affiliated holdings* | 116,507 |
TOTAL INCOME | 2,743,755 |
Expenses: | |
Investment adviser fee (Note 5) | 269,987 |
Administrative fee (Note 5) | 52,912 |
Custodian fees | 4,991 |
Transfer agent fees (Note 2) | 70,376 |
Directors’/Trustees’ fees (Note 5) | 3,754 |
Auditing fees | 15,950 |
Legal fees | 5,231 |
Portfolio accounting fees | 37,555 |
Distribution services fee (Note 5) | 13,483 |
Other service fees (Notes 2 and 5) | 46,797 |
Share registration costs | 26,604 |
Printing and postage | 12,167 |
Miscellaneous (Note 5) | 16,666 |
TOTAL EXPENSES | 576,473 |
Waiver and Reimbursements: | |
Waiver/reimbursement of investment adviser fee (Note 5) | (66,835) |
Reimbursement of other operating expenses (Notes 2 and 5) | (76,383) |
TOTAL WAIVER AND REIMBURSEMENTS | (143,218) |
Net expenses | 433,255 |
Net investment income | 2,310,500 |
Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Written Options: | |
Net realized loss on investments | (1,487,012) |
Net realized gain on futures contracts | 23,055 |
Net realized gain on written options | 18,192 |
Net change in unrealized depreciation of investments | (924,103) |
Net change in unrealized appreciation of futures contracts | (1,188,031) |
Net change in unrealized appreciation of written options | (8,942) |
Net realized and unrealized gain (loss) on investments, futures contracts and written options | (3,566,841) |
Change in net assets resulting from operations | $(1,256,341) |
* | See information listed after the Fund’s Portfolio of Investments. |
Six Months Ended (unaudited) 7/31/2023 | Year Ended 1/31/2023 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $2,310,500 | $3,549,245 |
Net realized gain (loss) | (1,445,765) | (16,768,573) |
Net change in unrealized appreciation/depreciation | (2,121,076) | 845,306 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | (1,256,341) | (12,374,022) |
Distributions to Shareholders: | ||
Class R Shares | (74,292) | (88,338) |
Institutional Shares | (2,072,549) | (3,234,778) |
Service Shares | (170,296) | (206,927) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (2,317,137) | (3,530,043) |
Share Transactions: | ||
Proceeds from sale of shares | 10,229,281 | 35,755,246 |
Net asset value of shares issued to shareholders in payment of distributions declared | 2,112,840 | 3,243,267 |
Cost of shares redeemed | (33,802,877) | (88,411,671) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | (21,460,756) | (49,413,158) |
Change in net assets | (25,034,234) | (65,317,223) |
Net Assets: | ||
Beginning of period | 143,397,371 | 208,714,594 |
End of period | $118,363,137 | $143,397,371 |
Transfer Agent Fees Incurred | Transfer Agent Fees Reimbursed | |
Class R Shares | $7,957 | $(849) |
Institutional Shares | 56,442 | (36,542) |
Service Shares | 5,977 | (4,225) |
TOTAL | $70,376 | $(41,616) |
Other Service Fees Incurred | Other Service Fees Reimbursed | |
Institutional Shares | $33,721 | $(33,721) |
Service Shares | 13,076 | (1,046) |
TOTAL | $46,797 | $(34,767) |
Fair Value of Derivative Instruments | ||||
Assets | Liabilities | |||
Statement of Assets and Liabilities Location | Fair Value | Statement of Assets and Liabilities Location | Fair Value | |
Derivatives not accounted for as hedging instruments under ASC Topic 815 | ||||
Interest rate contracts | Receivable for variation margin on futures contracts | $(792,629)* | $— | |
Interest rate contracts | — | Written options outstanding, at value | 18,984 | |
Total derivatives not accounted for as hedging instruments under ASC Topic 815 | $(792,629) | $18,984 |
* | Includes cumulative net depreciation of futures contracts as reported in the footnotes to the Portfolio of Investments. Only the current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||
Futures Contracts | Written Options Contracts | Total | |
Interest rate contracts | $23,055 | $18,192 | $41,247 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||
Futures Contracts | Written Options Contracts | Total | |
Interest rate contracts | $(1,188,031) | $(8,942) | $(1,196,973) |
Six Months Ended 7/31/2023 | Year Ended 1/31/2023 | |||
Class R Shares: | Shares | Amount | Shares | Amount |
Shares sold | 140,301 | $1,397,081 | 113,790 | $1,163,865 |
Shares issued to shareholders in payment of distributions declared | 7,524 | 73,715 | 8,808 | 87,691 |
Shares redeemed | (124,292) | (1,228,437) | (203,207) | (2,068,940) |
NET CHANGE RESULTING FROM CLASS R SHARE TRANSACTIONS | 23,533 | $242,359 | (80,609) | $(817,384) |
Six Months Ended 7/31/2023 | Year Ended 1/31/2023 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 777,154 | $7,670,105 | 3,313,736 | $33,616,179 |
Shares issued to shareholders in payment of distributions declared | 190,583 | 1,871,798 | 294,041 | 2,952,623 |
Shares redeemed | (3,236,698) | (31,730,833) | (8,183,470) | (83,059,189) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (2,268,961) | $(22,188,930) | (4,575,693) | $(46,490,387) |
Six Months Ended 7/31/2023 | Year Ended 1/31/2023 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 119,058 | $1,162,095 | 97,173 | $975,202 |
Shares issued to shareholders in payment of distributions declared | 17,045 | 167,327 | 20,254 | 202,953 |
Shares redeemed | (86,211) | (843,607) | (320,158) | (3,283,542) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | 49,892 | $485,815 | (202,731) | $(2,105,387) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | (2,195,536) | $(21,460,756) | (4,859,033) | $(49,413,158) |
Short-Term | Long-Term | Total |
$38,438,630 | $4,474,730 | $42,913,360 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Percentage of Average Daily Net Assets of Class | |
Class R Shares | 0.50% |
Service Shares | 0.05% |
Distribution Services Fees Incurred | |
Class R Shares | $13,483 |
Beginning Account Value 2/1/2023 | Ending Account Value 7/31/2023 | Expenses Paid During Period1 | |
Actual: | |||
Class R Shares | $1,000 | $987.30 | $6.50 |
Institutional Shares | $1,000 | $990.90 | $2.91 |
Service Shares | $1,000 | $989.70 | $4.05 |
Hypothetical (assuming a 5% return before expenses): | |||
Class R Shares | $1,000 | $1,018.25 | $6.61 |
Institutional Shares | $1,000 | $1,021.87 | $2.96 |
Service Shares | $1,000 | $1,020.73 | $4.11 |
1 | Expenses are equal to the Fund’s annualized net expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half-year period). The annualized net expense ratios are as follows: |
Class R Shares | 1.32% |
Institutional Shares | 0.59% |
Service Shares | 0.82% |
Annual Evaluation of Adequacy and Effectiveness
IMPORTANT NOTICE ABOUT FUND DOCUMENT DELIVERY
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Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 31428P103
CUSIP 31428P202
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Item 2. | Code of Ethics |
Not Applicable
Item 3. | Audit Committee Financial Expert |
Not Applicable
Item 4. | Principal Accountant Fees and Services |
Not Applicable
Item 5. | Audit Committee of Listed Registrants |
Not Applicable
Item 6. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the
registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant Federated Hermes Short-Intermediate Government Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date September 25, 2023
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ J. Christopher Donahue
J. Christopher Donahue
Principal Executive Officer
Date September 25, 2023
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date September 25, 2023