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Morningstar

Federated Hermes Municipal Ultrashort A FMUUX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.94  /  +0.01 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.510%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 0.70 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 11:57 AM GMT+0

Morningstar’s Analysis FMUUX

Will FMUUX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMUUX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMUUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMUUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Federated Hermes Municipal Ultrashort A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMUUX

More FMUUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5%

4.51 50.2 Mil
municipal

MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.92%

2.25 25.1 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.8%

2.22 24.7 Mil
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5%

2.17 24.1 Mil
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.8%

2.17 24.1 Mil
municipal

KNOTT CNTY KY INDL BLDG REV 4%

1.79 20.0 Mil
municipal

NUVEEN AMT-FREE MUN CR INCOME FD 4.09%

1.69 18.8 Mil
municipal

LANCASTER PORT AUTH OHIO GAS SUPPLY REV 5%

1.67 18.6 Mil
municipal

NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD 4.09%

1.55 17.3 Mil
municipal

DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 3.85%

1.51 16.8 Mil
municipal