Federated Hermes Ultrashort Bond Fund Institutional Shares (FULIX)
| Fund Assets | 4.08B |
| Expense Ratio | 0.37% |
| Min. Investment | $1,000,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.70% |
| Dividend Growth | -6.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 9.28 |
| YTD Return | 1.54% |
| 1-Year Return | 5.02% |
| 5-Year Return | 17.14% |
| 52-Week Low | 9.27 |
| 52-Week High | 9.33 |
| Beta (5Y) | n/a |
| Holdings | 505 |
| 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 5.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.28%.
Top 10 Holdings
17.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Hermes Govt Obl Premier | GOFXX | 6.00% |
| Federated Core Trust - Federated Bank Loan Core Fund - FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | n/a | 3.71% |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund - FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | n/a | 2.49% |
| FEDERATED CORE TR MUTUAL FUND | n/a | 0.92% |
| Government National Mortgage Association | GNR.2025-169 AF | 0.85% |
| Government National Mortgage Association | GNR.2024-114 FA | 0.73% |
| Fannie Mae REMICS | FNR.2025-70 FD | 0.70% |
| Fannie Mae REMICS | FNR.2025-18 KF | 0.68% |
| Government National Mortgage Association | GNR.2024-64 FM | 0.65% |
| Freddie Mac REMICS | FHR.5396 FQ | 0.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.03436 | May 29, 2026 |
| Apr 30, 2026 | $0.03421 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03465 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03375 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03547 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03642 | Dec 31, 2025 |