FULLX: Federated Ultra Short Bond Fund

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FULLX Federated Ultra Short Bond Fund


Profile

FULLX - Profile

Vitals

  • YTD Return -1.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.66 B
  • Holdings in Top 10 8.7%

52 WEEK LOW AND HIGH

$9.04
$8.77
$9.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.41%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Ultra Short Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    May 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randall Bauer

Fund Description

The fund invests primarily (that is, more than 50%) in investment-grade, fixed-income securities, including but not limited to asset-backed securities and corporate debt securities, but may invest up to 35% of its assets in noninvestment-grade, fixed-income securities. It will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income investments. It may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FULLX - Performance

Return Ranking - Trailing

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -31.4% 945.6% 75.19%
1 Yr N/A -25.1% 973.3% 76.63%
3 Yr N/A* -10.3% 120.3% 34.01%
5 Yr N/A* -5.3% 60.2% 26.88%
10 Yr N/A* -5.1% 3.6% 36.23%

* Annualized

Return Ranking - Calendar

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -12.4% 0.8% N/A
2017 N/A -6.0% 20.3% N/A
2016 N/A -7.8% 8.6% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -31.4% 945.6% 75.19%
1 Yr N/A -25.1% 973.3% 73.56%
3 Yr N/A* -7.5% 120.3% 39.28%
5 Yr N/A* -5.3% 60.2% 34.08%
10 Yr N/A* -5.1% 6.8% 45.51%

* Annualized

Total Return Ranking - Calendar

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 3.1% N/A
2017 N/A -6.0% 27.0% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -14.2% 4.2% N/A

NAV & Total Return History


Holdings

FULLX - Holdings

Concentration Analysis

FULLX Category Low Category High FULLX % Rank
Net Assets 3.66 B 634 K 264 B 18.37%
Number of Holdings 563 1 17920 30.75%
Net Assets in Top 10 322 M -587 M 20.8 B 26.09%
Weighting of Top 10 8.66% 2.3% 100.0% 90.55%

Top 10 Holdings

  1. 5 Year Treasury Note Future June 20 1.35%
  2. FONTAINEBLEAU MIAMI BEACH TRUST 3.45% 0.99%
  3. VOLVO FINANCIAL EQUIPMENT MASTER 1.2% 0.91%
  4. Nextgear Floorplan Master Owner Trust 3.46% 0.90%
  5. Federated Bank Loan Core 0.89%
  6. Westpac Banking Corporation 2.42% 0.79%
  7. Vodafone Group plc 2.83% 0.78%
  8. National Australia Bank Limited 1.18% 0.76%
  9. High Yield Bond Portfolio 0.65%
  10. DLL 2019-2 LLC 2.34% 0.64%

Asset Allocation

Weighting Return Low Return High FULLX % Rank
Bonds
95.76% 71.08% 159.74% 62.13%
Cash
2.18% -59.74% 27.48% 47.92%
Convertible Bonds
1.84% 0.00% 7.31% 12.09%
Other
0.20% -27.60% 31.83% 8.89%
Stocks
0.00% -0.38% 18.10% 75.25%
Preferred Stocks
0.00% 0.00% 9.11% 78.67%

Bond Sector Breakdown

Weighting Return Low Return High FULLX % Rank
Securitized
61.05% 0.00% 98.72% 3.46%
Corporate
34.34% 0.00% 99.41% 22.85%
Cash & Equivalents
2.69% -26.49% 24.02% 48.87%
Government
1.35% -2.21% 100.00% 53.14%
Municipal
0.56% 0.00% 100.11% 63.08%
Derivative
0.00% -0.83% 31.72% 77.33%

Bond Geographic Breakdown

Weighting Return Low Return High FULLX % Rank
US
79.93% 58.40% 156.78% 86.95%
Non US
15.83% -38.91% 29.50% 7.97%

Expenses

FULLX - Expenses

Operational Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.41% 0.01% 34.57% 88.18%
Management Fee 0.30% 0.00% 1.25% 27.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 55.35%

Sales Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 489.00% 46.02%

Distributions

FULLX - Distributions

Dividend Yield Analysis

FULLX Category Low Category High FULLX % Rank
Dividend Yield 0.25% 0.00% 6.20% 21.12%

Dividend Distribution Analysis

FULLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FULLX Category Low Category High FULLX % Rank
Net Income Ratio 2.65% -0.71% 6.02% 45.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FULLX - Fund Manager Analysis

Managers

Randall Bauer


Start Date

Tenure

Tenure Rank

Oct 31, 1998

21.51

21.5%

Randall S. Bauer, CFA is a Senior Vice President, Senior Portfolio Manager and Head of Structured Products Group for Federated. Mr. Bauer is responsible for management and administration of structured product portfolios, as well as portfolio management of products with investment concentrations in investment-grade and short duration securities. Mr. Bauer has over 34 years of investment experience. Prior to joining Federated, he worked in the Credit Policy and International Banking Divisions at PNC Bank Corp. Mr. Bauer holds a B.A. from the University of Pennsylvania and an M.B.A. in Finance from the Pennsylvania State University. He is a Chartered Financial Analyst.

Nicholas Tripodes


Start Date

Tenure

Tenure Rank

Nov 30, 2017

2.42

2.4%

Mr. Tripodes is responsible for providing research and advice on sector allocation and security selection. He has been with Federated since 1993. He holds a B.S. degree from Carnegie Mellon University and an M.B.A. from University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.42 0.33