The retirement of lead manager Randy Bauer had no impact on the Federated Hermes Ultra Short Bond's strategy, which remains unchanged under comanagers Nick Tripodes and Dan Mastalski. Both rose through Federated Hermes’ ranks, were trained by Bauer, and have solid experience and credentials.
Federated Hermes Ultrashort Bond IS FULIX
- NAV / 1-Day Return 9.18 / +0.01 %
- Total Assets 2.9 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.370%
- 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 3.79%
- Effective Duration 0.70 years
USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FULIX
Will FULIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |