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Federated Hermes Ultrashort Bond A FULAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Federated Hermes Investment Hub

Morningstar’s Analysis FULAX

Will FULAX 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 FULAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FULAX 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 FULAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

No changes to either People or Process pillar ratings.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

The retirement of lead manager Randy Bauer had no impact on the Federated Hermes Ultra Short Bond's strategy, which remains unchanged under comanagers Nick Tripodes and Dan Mastalski. Both rose through Federated Hermes’ ranks, were trained by Bauer, and have solid experience and credentials.

by Maciej Kowara
Rated on Published on

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