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Morningstar

Federated Hermes Ultrashort Bond Svc FULBX

Morningstar Analyst Rating
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

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis FULBX

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.

Trying to make cash sexy.

Associate Director

Summary

| by Maciej Kowara

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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