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Federated Hermes Ultrashort Bond Svc FULBX

Analyst rating as of
  • NAV / 1-Day Return 9.00  /  0.00
  • Total Assets 573.7 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.470%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 1.33%
  • Effective Duration 0.60 years

Morningstar’s Analysis FULBX

Will FULBX 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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