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.
Will FULIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FULIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FULIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FULIX’s parent organization’s priorities and whether they’re in line with investors’ interests.