Federated Hermes Ultrashort Bond A (FULAX)
| Fund Assets | 2.99B |
| Expense Ratio | 0.52% |
| Min. Investment | $1,500 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.87% |
| Dividend Growth | 16.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.31 |
| YTD Return | 1.02% |
| 1-Year Return | 3.15% |
| 5-Year Return | 11.32% |
| 52-Week Low | 9.26 |
| 52-Week High | 9.31 |
| Beta (5Y) | 0.02 |
| Holdings | 403 |
| Inception Date | Oct 11, 2002 |
About FULAX
Federated Hermes Ultrashort Bond Fund Class A is an open-end mutual fund focused on generating total return consistent with current income through a diversified, ultrashort-duration fixed‑income portfolio. The fund primarily invests in investment‑grade securities across asset‑backed, mortgage‑backed, corporate, U.S. Treasury, and government agency sectors, while maintaining a dollar‑weighted average effective duration of one year or less to limit interest‑rate sensitivity. It can allocate opportunistically among sectors to balance risk and return and may hold a mix of fixed‑ and floating‑rate instruments, reflecting its multi‑sector mandate within the ultrashort bond category. The strategy distributes income monthly and is benchmarked to the Bloomberg U.S. Short‑Term Government/Corporate Index, positioning it as a cash‑management tool with the potential for higher income than traditional cash vehicles, albeit with modest price fluctuation risk. With a long operating history and a broad holdings base, the fund serves investors seeking conservative credit exposure, liquidity, and stability over short horizons while accessing a professionally managed, diversified bond sleeve near the front end of the yield curve.
Performance
FULAX had a total return of 3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.54%.
Top 10 Holdings
16.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Govt Oblg Pr Shares | n/a | 5.03% |
| Bank Loan Core | n/a | 3.12% |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.30517% | FHR.5396 FQ | 1.14% |
| Government National Mortgage Association 5.30185% | GNR.2024-114 FA | 1.13% |
| Federated Project and Trade Fin Cor | n/a | 1.13% |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.40517% | FHR.5449 FE | 0.97% |
| Federal National Mortgage Association 5.30517% | FNR.2024-22 FB | 0.97% |
| NAVIENT PVT ED RI LN TR 2021-B 0.94% | NAVSL.2021-BA A | 0.97% |
| Commonwealth Bank of Australia 4.73555% | CBAAU.F 07.07.25 144A | 0.92% |
| Federal Home Loan Mortgage Corp. 4.86965% | FHR.4993 F | 0.92% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03738 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03684 | Jun 30, 2025 |
| May 30, 2025 | $0.03739 | May 30, 2025 |
| Apr 30, 2025 | $0.03702 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03705 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03599 | Feb 28, 2025 |