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Morningstar

Federated Hermes Ultrashort Bond IS FULIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.08  /  0.00
  • Total Assets 437.0 Mil
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.370%
  • Distribution Fee Level 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 2.95%
  • Effective Duration 0.80 years

USD | NAV as of Oct 02, 2023 | 1-Day Return as of Oct 02, 2023, 10:16 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.

Process Pillar

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.

People Pillar

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.

Parent Pillar

The Parent Pillar is our rating of FULIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FULIX

More FULIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 357
  • Other Holdings 10
  • % Assets in Top 10 Holdings 13.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

2.49
81,871,574
Cash and Equivalents

Future on 2 Year Treasury Note

2.47
81,337,500
Government

SANTANDER RETAIL AUTO LEASE TRUST 2021-B 1.41%

1.62
53,262,356
Securitized

Santander Retail Auto Lease Trust 1.39%

1.49
49,132,585
Securitized

NELNET STUDENT LOAN TRUST 5.83629%

1.24
40,777,331
Securitized

NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 0.94%

1.21
39,992,019
Securitized

Trillium Credit Card Trust Ii 5.28662%

1.21
39,970,526
Securitized

SANTANDER RETAIL AUTO LEASE TRUST 1.38%

1.16
38,216,914
Securitized

Federal Home Loan Mortgage Corporation 5.453%

1.13
37,090,343
Securitized

FONTAINEBLEAU MIAMI BEACH TRUST 3.447%

1.09
36,034,971
Securitized