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.
Fund Family Federated
Category Ultra-Short Oblig
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FULIX
Share Class Institutional Shares
Index Bloomberg U.S. Short Govt/Corporate TR
FULIX had a total return of 3.61% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.20%.
