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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Federated Hermes Municipal Ultra Short Fund

FMUSX | Fund

$10.04

$2.93 B

3.62%

$0.36

0.36%

Vitals

YTD Return

-0.1%

1 yr return

0.5%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.2%

Net Assets

$2.93 B

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$10.0
$10.03
$10.06

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 100.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Short

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Federated Hermes Municipal Ultra Short Fund

FMUSX | Fund

$10.04

$2.93 B

3.62%

$0.36

0.36%

FMUSX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Municipal Ultra Short Fund
  • Fund Family Name
    Federated
  • Inception Date
    Oct 24, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeff Kozemchak

Fund Description

The fund invests at least 65% of its assets in securities rated investment grade and may purchase securities rated below investment-grade up to 35% of its assets. Its adviser seeks to maintain a low degree of share price fluctuation by generally limiting the fund's dollar-weighted average portfolio duration to one year or less. It will normally invest so that at least 80% of its net assets are in tax-exempt securities or at least 80% of its annual interest income is exempt from federal regular income tax.

FMUSX - Performance

Return Ranking - Trailing

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -88.5% 100.3% 22.88%
1 Yr 0.5% -20.5% 20.4% 91.25%
3 Yr 1.3%* -6.2% 10.4% 97.17%
5 Yr 1.2%* -3.5% 6.8% 94.19%
10 Yr 0.9%* -0.2% 8.7% 97.15%

* Annualized

Return Ranking - Calendar

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -91.1% 310.0% 78.39%
2019 0.5% -79.8% 15.4% 86.60%
2018 -0.1% -72.6% 97.2% 4.93%
2017 0.1% -100.0% 7.6% 79.51%
2016 -0.1% -35.9% 96.8% 0.69%

Total Return Ranking - Trailing

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -88.5% 100.3% 22.93%
1 Yr 0.5% -24.2% 24.2% 59.26%
3 Yr 1.3%* -7.0% 11.7% 90.95%
5 Yr 1.2%* -4.0% 6.8% 85.36%
10 Yr 0.9%* -0.6% 8.7% 96.96%

* Annualized

Total Return Ranking - Calendar

Period FMUSX Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -91.1% 310.0% 78.39%
2019 0.5% -79.8% 15.4% 86.69%
2018 -0.1% -72.6% 11.0% 7.83%
2017 0.1% -100.0% 7.6% 80.58%
2016 -0.1% -35.9% 3.0% 2.58%

NAV & Total Return History

FMUSX - Holdings

Concentration Analysis

FMUSX Category Low Category High FMUSX % Rank
Net Assets 2.93 B 878 K 87.9 B 14.14%
Number of Holdings 453 1 12437 19.46%
Net Assets in Top 10 470 M -308 M 3.93 B 4.96%
Weighting of Top 10 15.81% 2.3% 100.0% 69.22%

Top 10 Holdings

  1. PORT CORPUS CHRISTI AUTH TEX NUECES CNTY SOLID WASTE DISP REV 0.07% 2.42%
  2. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.17% 2.06%
  3. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.09% 2.00%
  4. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.2% 1.74%
  5. CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 0.75% 1.71%
  6. MEADE CNTY KY INDL BLDG REV 0.08% 1.68%
  7. NUVEEN AMT-FREE MUN CR INCOME FD 0.25% 1.68%
  8. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.17% 1.50%
  9. DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 0.46% 1.43%
  10. TEXAS ST 4% 1.41%

Asset Allocation

Weighting Return Low Return High FMUSX % Rank
Bonds 		96.87% 46.14% 145.79% 77.27%
Cash 		3.13% -45.79% 53.86% 22.00%
Stocks 		0.00% -1.11% 3.02% 27.27%
Preferred Stocks 		0.00% -3.40% 1.04% 23.23%
Other 		0.00% -9.70% 30.00% 25.65%
Convertible Bonds 		0.00% -0.02% 1.09% 23.80%

Bond Sector Breakdown

Weighting Return Low Return High FMUSX % Rank
Municipal 		96.87% 46.14% 100.00% 74.40%
Cash & Equivalents 		3.13% 0.00% 53.86% 23.92%
Derivative 		0.00% 0.00% 1.12% 23.72%
Securitized 		0.00% 0.00% 8.03% 24.95%
Corporate 		0.00% 0.00% 11.97% 36.58%
Government 		0.00% 0.00% 50.79% 28.84%

Bond Geographic Breakdown

Weighting Return Low Return High FMUSX % Rank
US 		96.87% 0.00% 141.11% 56.45%
Non US 		0.00% 0.00% 100.00% 74.40%

FMUSX - Expenses

Operational Fees

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.04% 4.23% 69.43%
Management Fee 0.30% 0.00% 1.60% 14.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.47% 28.41%

Sales Fees

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FMUSX 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.

FMUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 100.00% 0.00% 314.00% 96.77%

FMUSX - Distributions

Dividend Yield Analysis

FMUSX Category Low Category High FMUSX % Rank
Dividend Yield 3.62% 0.00% 35.27% 31.59%

Dividend Distribution Analysis

FMUSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMUSX Category Low Category High FMUSX % Rank
Net Income Ratio 1.14% -0.53% 24.00% 89.91%

Capital Gain Distribution Analysis

FMUSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FMUSX - Fund Manager Analysis

Managers

Jeff Kozemchak

Start Date

Tenure

Tenure Rank

Oct 24, 2000

20.95

21.0%

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

3.84

3.8%

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
0.06 36.52 7.22 0.91

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