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.
Federated Hermes Ultrashort Bond Svc FULBX
NAV / 1-Day Return
9.23
/
0.00
Total Assets
7.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.470%
Expense Ratio
0.470%
Fee Level
Above Average
Longest Manager Tenure
22.34
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
1,000,000
Status
Open
TTM Yield
1.27%
Effective Duration
0.90
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FULBX 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 FULBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FULBX 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 FULBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Cash with an edge.
