Federated Hermes Ultrashort Bond IS (FULIX)
| Fund Assets | 2.99B |
| Expense Ratio | 0.37% |
| Min. Investment | $1,000,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 5.02% |
| Dividend Growth | 16.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.30 |
| YTD Return | 1.15% |
| 1-Year Return | 3.35% |
| 5-Year Return | 12.02% |
| 52-Week Low | 9.25 |
| 52-Week High | 9.31 |
| Beta (5Y) | n/a |
| Holdings | 403 |
| Inception Date | Feb 22, 2000 |
About FULIX
Federated Hermes Ultrashort Bond Fund Institutional Shares is an open‑end mutual fund designed to deliver total return consistent with current income through a diversified, investment‑grade bond portfolio. The strategy spans **asset‑backed and mortgage‑backed securities**, **corporate bonds**, and **U.S. Treasury and government agency** issues, emphasizing high-quality short‑duration exposures to temper interest‑rate sensitivity. The portfolio targets a dollar‑weighted **effective duration of one year or less**, with recent positioning around 0.9 years, aligning with the ultrashort category’s focus on limited rate risk. The fund pays **monthly dividends**, reflecting its income orientation, and benchmarks performance against the Bloomberg U.S. Short‑Term Government/Corporate Index. Managed by an experienced team including Nicholas Tripodes and Daniel Mastalski, the approach actively allocates across sectors to balance risk and return while maintaining liquidity and credit discipline. With billions in assets and hundreds of holdings, the fund serves as a cash‑plus building block for investors seeking stability and incremental yield over cash, sitting between traditional money market funds and short‑term bond strategies in the fixed‑income spectrum.
Performance
FULIX had a total return of 3.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.31%.
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 | $0.03853 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03796 | Jun 30, 2025 |
| May 30, 2025 | $0.03855 | May 30, 2025 |
| Apr 30, 2025 | $0.03814 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03821 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03703 | Feb 28, 2025 |