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Federated Hermes Ultrashort Bond Svc FULBX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.18  /  0.00
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.42%
  • Effective Duration 0.70 years

USD | NAV as of Feb 26, 2024 | 1-Day Return as of Feb 26, 2024, 11:14 PM GMT+0

Morningstar’s Analysis FULBX

Will FULBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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.

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Portfolio Holdings FULBX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

5.36 142.5 Mil
Cash and Equivalents

SANTANDER RETAIL AUTO LEASE TRUST 2021-B 1.41%

2.06 54.9 Mil
Securitized

Santander Retail Auto Lease Trust 1.39%

1.90 50.6 Mil
Securitized

United States Treasury Notes 4.875%

1.52 40.4 Mil
Government

SANTANDER RETAIL AUTO LEASE TRUST 1.38%

1.48 39.4 Mil
Securitized

FONTAINEBLEAU MIAMI BEACH TRUST 3.447%

1.38 36.8 Mil
Securitized

NELNET STUDENT LOAN TRUST 6.1624%

1.37 36.3 Mil
Securitized

NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 0.94%

1.36 36.1 Mil
Securitized

UBS AG, London Branch 5.70465%

1.32 35.0 Mil
Cash and Equivalents

NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 1.11%

1.16 30.8 Mil
Securitized