Federated Hermes Ultrashort Bond Fund Institutional Shares (FULIX)
| Fund Assets | 3.77B |
| Expense Ratio | 0.37% |
| Min. Investment | $1,000,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.84% |
| Dividend Growth | -1.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.33 |
| YTD Return | 0.49% |
| 1-Year Return | 5.67% |
| 5-Year Return | 18.31% |
| 52-Week Low | 8.84 |
| 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 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 5.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.24%.
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 |
|---|---|---|
| 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 |
| Aug 29, 2025 | $0.03858 | Aug 29, 2025 |