Skip to Content
Morningstar

Federated Hermes Ultrashort Bond A FULAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.13  /  0.00
  • Total Assets 563.9 Mil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.520%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.11%
  • Effective Duration 0.90 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

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.

Tries to make cash alluring.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

The retirement of Federated Ultrashort Bond’s lead manager does not materially affect its prospects. The strategy’s two cheapest share classes earn a Morningstar Analyst Rating of Bronze, while the rest are rated Neutral.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FULAX

More FULAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 350
  • Other Holdings 10
  • % Assets in Top 10 Holdings 13.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

3.28
96,509,950
Cash and Equivalents

SANTANDER RETAIL AUTO LEASE TRUST 2021-B 1.41%

1.83
54,002,730
Securitized

Santander Retail Auto Lease Trust 1.39%

1.69
49,858,188
Securitized

Trillium Credit Card Trust Ii 5.53462%

1.36
39,993,824
Securitized

SANTANDER RETAIL AUTO LEASE TRUST 1.38%

1.32
38,943,434
Securitized

NELNET STUDENT LOAN TRUST 6.12932%

1.31
38,677,320
Securitized

NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 0.94%

1.30
38,184,881
Securitized

FONTAINEBLEAU MIAMI BEACH TRUST 3.447%

1.24
36,355,953
Securitized

Comcast Corporation 6.19957%

1.22
35,936,554
Corporate

UBS AG, London Branch 5.68268%

1.19
35,006,049
Corporate