|
| |||||
|
| |||||
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federated
Hermes Government Income Securities, Inc.
CLASS A
SHARES (TICKER FGOAX)
CLASS C SHARES (TICKER FGOCX)
CLASS F SHARES (TICKER FGOIX)
INSTITUTIONAL SHARES (TICKER GISIX)
CLASS C SHARES (TICKER FGOCX)
CLASS F SHARES (TICKER FGOIX)
INSTITUTIONAL SHARES (TICKER GISIX)
SUPPLEMENT TO SUMMARY PROSPECTUS DATED APRIL 30, 2022
The
Board of Directors of Federated Hermes Government Income Securities, Inc. (the
“Fund”) has approved a reduction in the Fund’s management fee from 0.60% to
0.55% of the Fund’s average daily net assets effective July 1, 2022. Accordingly, the
following changes are made:
Under
the section entitled “Risk/Return Summary: “Fees and
Expenses,”
please delete and replace the “Fee
Table” and “Example”
in their entirety with the following:
RISK/RETURN
SUMMARY: FEES AND EXPENSES
This
table describes the fees and expenses that you may pay if you buy, hold and sell
Class A Shares (A), Class C Shares (C), Class F Shares (F) or Institutional Shares
(IS) of the Fund. You may pay other fees, such as brokerage commissions
and
other
fees
to
financial
intermediaries,
which
are
not
reflected
in
the
tables
and
examples
below. You
may qualify for sales charge discounts if you and
your family invest, or agree to invest in the future, at least $100,000, or $1,000,000,
in certain classes (e.g., A and F classes, respectively) of Federated Hermes
funds. More information about these and other discounts is available from your
financial professional, in the “What Do Shares Cost?” section of the Prospectus
on page 13 and in “Appendix B” to this Prospectus.
Shareholder
Fees (fees paid directly from your investment)
|
|
A |
C |
F |
IS
|
|
Maximum
Sales Charge (Load) |
4.50%
|
1.00%
|
2.00%
|
None
|
|
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of
offering
price) |
4.50%
|
None
|
1.00%
|
None
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of original
purchase
price or redemption proceeds, as applicable) |
0.00%
|
1.00%
|
1.00%
|
None
|
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends (and other
Distributions)
(as a percentage of offering price) |
None
|
None
|
None
|
None
|
|
Redemption
Fee (as a percentage of amount redeemed, if applicable) |
None
|
None
|
None
|
None
|
|
Exchange
Fee |
None
|
None
|
None
|
None
|
Annual Fund Operating
Expenses (expenses that you pay each year as a percentage of the value of
your investment)
|
|
A
|
C
|
F
|
IS
|
|
Management
Fee1
|
0.55%
|
0.55%
|
0.55%
|
0.55%
|
|
Distribution
(12b-1) Fee |
0.00%2
|
0.75%
|
None
|
None
|
|
Other
Expenses |
0.73%
|
0.73%
|
0.74%
|
0.48%
|
|
Total
Annual Fund Operating Expenses1
|
1.28%
|
2.03%
|
1.29%
|
1.03%
|
|
Fee
Waivers and/or Expense Reimbursements1,3
|
(0.27)%
|
(0.27)%
|
(0.28)%
|
(0.27)%
|
|
Total
Annual Fund Operating Expenses After Fee Waivers and/or
Expense
Reimbursements |
1.01%
|
1.76%
|
1.01%
|
0.76%
|
1
The
Management Fee, Total Annual Fund Operating Expenses and Fee Waivers and/or Expense Reimbursements
have been restated to reflect current fees due to a reduction in the stated gross Management
Fee for the Fund effective July 1, 2022.
2
The
Fund has adopted a Distribution (12b-1) Plan for its A class pursuant to which the A class of the Fund
may incur and pay a Distribution (12b-1) fee of up to a maximum amount of 0.05%. No such fee is
currently incurred and paid by the A class of the Fund. The A class of the Fund will not incur and pay
such a Distribution (12b-1) fee until such time as approved by the Fund’s Board of Directors (the “Directors”).
3
The
Adviser and certain of its affiliates, on their own initiative, have agreed to waive certain amounts of
their respective fees and/or reimburse expenses. Total annual fund operating expenses (excluding acquired
fund fees and expenses, interest expense, extraordinary expenses and proxy-related expenses
paid by the Fund, if any) paid by the Fund’s A, C, F and IS classes (after voluntary waivers and/or
reimbursements) will not exceed 1.00%, 1.75%, 1.00% and 0.75% (the “Fee Limit”), respectively,
up to but not including the later of (the “Termination Date”): (a) July 1, 2023; or (b) the date
of the Fund’s next effective Prospectus. While the Adviser and its affiliates currently do not anticipate
terminating or increasing these arrangements prior to Termination Date, these arrangements
may only be terminated or the Fee Limit increased prior to the Termination Date with the
agreement of the Directors.
Example
This
Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds.
The
Example assumes that you invest $10,000 for the time periods indicated and then
redeem all of your Shares at the end of those periods. Expenses assuming no redemption
are also shown. The Example also assumes that your investment has a 5%
return each year and that operating expenses (excluding any sales loads on reinvested
dividends, fee waivers and/or expense reimbursements) are as shown in the
table above and remain the same. The expenses used to calculate the Fund’s examples
do not include fee waivers or expense reimbursements. Although your actual
costs and returns may be higher or lower, based on these assumptions your costs
would be:
|
Share
Class |
1
Year |
3
Years |
5
Years |
10
Years |
|
A:
|
|
|
|
|
|
Expenses
assuming redemption |
$575
|
$838
|
$1,121
|
$1,926
|
|
Expenses
assuming no redemption |
$575
|
$838
|
$1,121
|
$1,926
|
|
C:
|
|
|
|
|
|
Expenses
assuming redemption |
$306
|
$637
|
$1,093
|
$2,166
|
|
Expenses
assuming no redemption |
$206
|
$637
|
$1,093
|
$2,166
|
|
F:
|
|
|
|
|
|
Expenses
assuming redemption |
$330
|
$605
|
$800
|
$1,641
|
|
Expenses
assuming no redemption |
$230
|
$505
|
$800
|
$1,641
|
|
IS:
|
|
|
|
|
|
Expenses
assuming redemption |
$105
|
$328
|
$569
|
$1,259
|
|
Expenses
assuming no redemption |
$105
|
$328
|
$569
|
$1,259
|
June
22, 2022
Federated
Hermes Government Income Securities, Inc.
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact
us at FederatedInvestors.com
or call 1-800-341-7400.
or call 1-800-341-7400.
Federated
Securities Corp., Distributor
Q455737 (6/22)
©
2022 Federated Hermes, Inc.