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Federated Hermes Ultrashort Bond A FULAX

Analyst rating as of
NAV / 1-Day Return
8.99  /  0.00
Total Assets
811.5 Mil
Adj. Expense Ratio
0.520%
Expense Ratio
0.520%
Fee Level
Above Average
Longest Manager Tenure
23.66 years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,500
Status
Open
TTM Yield
0.65%
Effective Duration
0.60 years

Morningstar’s Analysis

Will FULAX outperform in future?

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

Trying to make cash sexy.

Associate Director

Summary

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Federated Ultrashort Bond is fashioned as a cash-plus offering that does not shy away from taking risks, though its veteran manager has been circumspect about assuming them. The strategy’s two cheapest share classes earn a Morningstar Analyst Rating of Bronze while the rest are rated Neutral.

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