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Federated Hermes Ultrashort Bond A FULAX

Analyst rating as of

Morningstar’s Analysis

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Federated Ultrashort Bond is fashioned as a cash-plus offering but does not shy away from taking risks. Still, its veteran manager has been circumspect about not overdoing risk. The strategy’s cheapest share class, R6, thus earns a Morningstar Analyst Rating of Bronze while the other share classes earn Neutral.

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