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.
Fund Family Federated
Category Ultra-Short Oblig
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FULAX
Share Class Class A Shares
Index Bloomberg U.S. Short Govt/Corporate TR
FULAX had a total return of 3.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.74%.
