Federated Hermes Municipal Ultrashort Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
3.6%
3 Yr Avg Return
1.4%
5 Yr Avg Return
N/A
Net Assets
$1.14 B
Holdings in Top 10
22.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.41%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMULX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.38%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Municipal Ultrashort Fund
-
Fund Family NameFederated
-
Inception DateMay 29, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeff Kozemchak
Fund Description
FMULX - Performance
Return Ranking - Trailing
Period | FMULX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -4.6% | 8.4% | 2.20% |
1 Yr | 3.6% | -3.5% | 30.4% | 16.41% |
3 Yr | 1.4%* | -11.3% | 2.6% | 1.66% |
5 Yr | N/A* | -6.0% | 1102.0% | 79.51% |
10 Yr | N/A* | -0.4% | 248.1% | 93.46% |
* Annualized
Return Ranking - Calendar
Period | FMULX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.9% | -1.4% | 41.0% | 95.97% |
2022 | -1.6% | -39.7% | 0.3% | 2.44% |
2021 | -0.1% | -5.6% | 6.9% | 33.11% |
2020 | 0.2% | -2.6% | 310.0% | 94.10% |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | FMULX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -4.6% | 8.4% | 2.20% |
1 Yr | 3.6% | -3.5% | 30.4% | 16.41% |
3 Yr | 1.4%* | -11.3% | 2.6% | 1.66% |
5 Yr | N/A* | -6.0% | 1102.0% | 69.27% |
10 Yr | N/A* | -0.4% | 248.1% | 92.82% |
* Annualized
Total Return Ranking - Calendar
Period | FMULX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -1.3% | 41.0% | 85.25% |
2022 | -0.6% | -39.7% | 1.1% | 1.91% |
2021 | 0.3% | -4.8% | 23761504.0% | 80.96% |
2020 | 1.1% | -1.5% | 17057.9% | 95.73% |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
FMULX - Holdings
Concentration Analysis
FMULX | Category Low | Category High | FMULX % Rank | |
---|---|---|---|---|
Net Assets | 1.14 B | 3.22 M | 71.9 B | 26.58% |
Number of Holdings | 192 | 2 | 13067 | 59.92% |
Net Assets in Top 10 | 256 M | -317 M | 3.4 B | 13.96% |
Weighting of Top 10 | 22.28% | 1.9% | 100.4% | 30.66% |
Top 10 Holdings
- Port of Port Arthur Navigation District 3.44%
- SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE 2.61%
- CA ST POLL CNTR 4.25 7/43 2.40%
- Industrial Development Board of the City of Mobile Alabama 2.21%
- PATRIOT ENERGY ETC-B 2.18%
- Black Belt Energy Gas District 2.17%
- Port of Port Arthur Navigation District 2.10%
- JPMorgan Chase Putters/Drivers Trust 1.87%
- Nuveen AMT-Free Quality Municipal Income Fund 1.68%
- Lancaster Port Authority 1.63%
Asset Allocation
Weighting | Return Low | Return High | FMULX % Rank | |
---|---|---|---|---|
Bonds | 99.67% | 0.00% | 150.86% | 19.38% |
Cash | 0.33% | -50.86% | 50.09% | 81.84% |
Stocks | 0.00% | 0.00% | 99.81% | 60.21% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 55.33% |
Other | 0.00% | -3.18% | 33.35% | 56.30% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 55.35% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FMULX % Rank | |
---|---|---|---|---|
Municipal | 97.11% | 44.39% | 100.00% | 65.80% |
Derivative | 0.00% | -3.18% | 23.38% | 54.69% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 80.16% |
Securitized | 0.00% | 0.00% | 5.93% | 56.13% |
Corporate | 0.00% | 0.00% | 9.41% | 63.14% |
Government | 0.00% | 0.00% | 52.02% | 59.31% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FMULX % Rank | |
---|---|---|---|---|
US | 99.67% | 0.00% | 142.23% | 17.58% |
Non US | 0.00% | 0.00% | 23.89% | 59.60% |
FMULX - Expenses
Operational Fees
FMULX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.41% | 0.01% | 20.65% | 90.55% |
Management Fee | 0.29% | 0.00% | 1.20% | 14.28% |
12b-1 Fee | N/A | 0.00% | 1.00% | 8.14% |
Administrative Fee | 0.10% | 0.01% | 0.44% | 41.38% |
Sales Fees
FMULX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
FMULX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FMULX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 283.00% | 95.64% |
FMULX - Distributions
Dividend Yield Analysis
FMULX | Category Low | Category High | FMULX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 29.59% |
Dividend Distribution Analysis
FMULX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FMULX | Category Low | Category High | FMULX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.38% | -0.53% | 5.33% | 97.12% |
Capital Gain Distribution Analysis
FMULX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 31, 2024 | $0.027 | OrdinaryDividend |
Feb 29, 2024 | $0.026 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | OrdinaryDividend |
Dec 31, 2023 | $0.028 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.028 | OrdinaryDividend |
Sep 30, 2023 | $0.027 | OrdinaryDividend |
Aug 31, 2023 | $0.027 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.025 | OrdinaryDividend |
May 31, 2023 | $0.025 | OrdinaryDividend |
Apr 30, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.020 | OrdinaryDividend |
Dec 31, 2022 | $0.022 | OrdinaryDividend |
Nov 30, 2022 | $0.017 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.013 | OrdinaryDividend |
Aug 31, 2022 | $0.013 | OrdinaryDividend |
Jul 29, 2022 | $0.008 | OrdinaryDividend |
Jun 30, 2022 | $0.007 | OrdinaryDividend |
May 31, 2022 | $0.006 | OrdinaryDividend |
Apr 29, 2022 | $0.005 | OrdinaryDividend |
Mar 31, 2022 | $0.004 | OrdinaryDividend |
Feb 28, 2022 | $0.002 | OrdinaryDividend |
Jan 31, 2022 | $0.002 | OrdinaryDividend |
Dec 31, 2021 | $0.002 | OrdinaryDividend |
Nov 30, 2021 | $0.002 | OrdinaryDividend |
Oct 31, 2021 | $0.002 | OrdinaryDividend |
Sep 30, 2021 | $0.002 | OrdinaryDividend |
Aug 31, 2021 | $0.002 | OrdinaryDividend |
Jul 31, 2021 | $0.003 | OrdinaryDividend |
Jun 30, 2021 | $0.003 | OrdinaryDividend |
May 31, 2021 | $0.004 | OrdinaryDividend |
Apr 30, 2021 | $0.004 | OrdinaryDividend |
Mar 31, 2021 | $0.004 | OrdinaryDividend |
Feb 28, 2021 | $0.003 | OrdinaryDividend |
Jan 31, 2021 | $0.004 | OrdinaryDividend |
Dec 31, 2020 | $0.004 | OrdinaryDividend |
Nov 30, 2020 | $0.004 | OrdinaryDividend |
Oct 30, 2020 | $0.005 | OrdinaryDividend |
Sep 30, 2020 | $0.005 | OrdinaryDividend |
Aug 31, 2020 | $0.006 | OrdinaryDividend |
Jul 31, 2020 | $0.007 | OrdinaryDividend |
Jun 30, 2020 | $0.008 | OrdinaryDividend |
May 29, 2020 | $0.009 | OrdinaryDividend |
Apr 30, 2020 | $0.010 | OrdinaryDividend |
Mar 31, 2020 | $0.014 | OrdinaryDividend |
Feb 28, 2020 | $0.011 | OrdinaryDividend |
Jan 31, 2020 | $0.011 | OrdinaryDividend |
Dec 31, 2019 | $0.012 | OrdinaryDividend |
Nov 29, 2019 | $0.011 | OrdinaryDividend |
Oct 31, 2019 | $0.013 | DailyAccrualFund |
Sep 30, 2019 | $0.013 | DailyAccrualFund |
Aug 30, 2019 | $0.013 | DailyAccrualFund |
Jul 31, 2019 | $0.014 | OrdinaryDividend |
Jun 28, 2019 | $0.015 | OrdinaryDividend |
May 31, 2019 | $0.001 | DailyAccrualFund |
FMULX - Fund Manager Analysis
Managers
Jeff Kozemchak
Start Date
Tenure
Tenure Rank
Oct 24, 2000
21.61
21.6%
Mr. Kozemchak joined Federated in 1987 and has been a Senior Portfolio Manager since 1996 and a Senior Vice President of Federated since 1999. He was a Portfolio Manager until 1996 and a Vice President of Federated from 1993 to 1998. Mr. Kozemchak has received the Chartered Financial Analyst designation and his M.S. in Industrial Administration from Carnegie Mellon University in 1987.
Mary Ochson
Start Date
Tenure
Tenure Rank
Nov 30, 2017
4.5
4.5%
Ms. Ochson joined Federated Investment Management Company in 1982 as a portfolio manager and Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group. She was appointed Senior Vice President in 2004. Ms. Ochson has received the Chartered Financial Analyst designation and a M.B.A. from University of Pittsburgh. Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |