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Federated Hermes Ultrashort Bond Svc FULBX

Analyst rating as of
NAV / 1-Day Return
9.23  /  0.00
Total Assets
7.1 Bil
Adj. Expense Ratio
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 / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.27%
Effective Duration
0.90 years
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Morningstar’s Analysis

Will FULBX outperform in future?

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Summary

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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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