Federated Hermes Municipal Ultrashort Fund Class A Shares (FMUUX)
| Fund Assets | 1.42B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,500 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.86% |
| Dividend Growth | -5.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.06 |
| YTD Return | 0.50% |
| 1-Year Return | 3.43% |
| 5-Year Return | 10.71% |
| 52-Week Low | 9.73 |
| 52-Week High | 10.06 |
| Beta (5Y) | n/a |
| Holdings | 266 |
| Inception Date | Oct 24, 2000 |
About FMUUX
Federated Hermes Municipal Ultrashort Fund Class A is an open-end mutual fund that primarily aims to generate current income exempt from federal regular income tax. This fund invests at least 65% of its assets in municipal securities that are rated investment grade, regardless of their maturity, helping to ensure a focus on credit quality and reduced risk of default. With an ultrashort duration strategy, the fund seeks to maintain a low level of principal volatility, making it distinct from traditional money market funds, as its share price can fluctuate and it is not subject to money market regulatory requirements. The fund’s portfolio is typically composed of a diversified mix of municipal bonds issued by states, cities, and local governments for a variety of public projects. Its structure is particularly relevant for investors seeking tax-advantaged income, as the interest income is generally federal tax-exempt, although it may be subject to the federal Alternative Minimum Tax (AMT) and state or local taxes in some cases. Federated Hermes Municipal Ultrashort Fund Class A serves an important role in providing investors with a relatively conservative, liquid option for tax-sensitive income, especially for those looking to manage interest rate risk while accessing municipal securities markets.
Performance
FMUUX had a total return of 3.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.45%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02014 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02446 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02372 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02439 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02381 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02383 | Aug 29, 2025 |