Federated Hermes Ultrashort Bond Fund Institutional Shares (FULIX)
| Fund Assets | 3.88B |
| Expense Ratio | 0.37% |
| Min. Investment | $1,000,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.83% |
| Dividend Growth | -3.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.28 |
| YTD Return | 0.31% |
| 1-Year Return | 4.81% |
| 5-Year Return | 16.07% |
| 52-Week Low | 9.25 |
| 52-Week High | 9.33 |
| Beta (5Y) | n/a |
| Holdings | 463 |
| Inception Date | Feb 22, 2000 |
About FULIX
Federated Hermes Ultrashort Bond Fund Institutional Shares is a mutual fund designed to provide total return consistent with current income. It invests primarily in investment-grade fixed-income securities, such as asset-backed securities, corporate debt securities, agency mortgage-backed securities, and commercial mortgage-backed securities, with allocations including significant exposure to asset-backed at around 45% and corporate bonds at about 26%. The fund may allocate up to 35% of its assets to noninvestment-grade fixed-income securities and maintains at least 80% of net assets in fixed-income investments overall. Classified in the ultrashort bond category, it focuses on U.S. fixed-income issues with durations typically less than one year, offering minimal interest-rate sensitivity. This positions it as a low-risk option within the fixed-income market, suitable for investors seeking stability and income from short-term debt instruments while navigating credit quality from high to moderate levels. Portfolio turnover stands at 49%, reflecting active management across 403 holdings. Managed by Federated Hermes, it serves institutional investors through its share class structure.
Performance
FULIX had a total return of 4.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.30%.
Top 10 Holdings
20.67% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Govt Oblg Pr Shares | n/a | 9.29% |
| Bank Loan Core | n/a | 3.50% |
| Federated Project and Trade Fin Cor | n/a | 2.11% |
| Government National Mortgage Association 4.91765% | n/a | 0.97% |
| Government National Mortgage Association 4.91765% | n/a | 0.85% |
| Federal National Mortgage Association 4.27419% | n/a | 0.82% |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4.87419% | n/a | 0.81% |
| Federal National Mortgage Association 4.82419% | n/a | 0.80% |
| Government National Mortgage Association 4.96765% | n/a | 0.79% |
| Federal Home Loan Mortgage Corp. 4.43867% | n/a | 0.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.03375 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03547 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03642 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03672 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03807 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0377 | Sep 30, 2025 |