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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.01

$7.26 B

2.65%

$0.24

0.36%

Vitals

YTD Return

0.6%

1 yr return

-1.5%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

N/A

Net Assets

$7.26 B

Holdings in Top 10

23.8%

52 WEEK LOW AND HIGH

$9.0
$8.92
$9.14

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.01

$7.26 B

2.65%

$0.24

0.36%

FULLX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.85%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Ultra Short Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    May 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • 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 (including mortgage-backed) securities and corporate debt securities, but may invest up to 35% of its assets in noninvestment-grade, fixed-income securities. When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Fund’s investment adviser (the “Adviser”) or its affiliates (“Underlying Funds”). The Adviser seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the sector that the Adviser expects to offer the best balance between total return and risk. The Adviser may invest a portion of the Fund’s assets in foreign securities (both investment-grade and noninvestment-grade, including, but not limited to, government and corporate investments). The Fund may invest in hybrid instruments and derivative contracts to implement its investment strategies. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value. The Fund may also use Collateralized Mortgage Obligations (CMOs) for hedging purposes.Although the value of the Fund’s Shares will fluctuate, the Adviser actively manages the Fund’s portfolio seeking to manage the magnitude of fluctuation by limiting the Fund’s dollar-weighted average effective duration to one year or less. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Under normal market conditions, the Fund’s dollar-weighted average effective maturity is expected to be 18 months or less.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund 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 (“Ginnie Mae”). Finally, the Fund may invest in government securities that have no explicit financial support, but that are regarded as having implied support because the federal government sponsors their activities.The Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to normally invest less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income investments.
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FULLX - Performance

Return Ranking - Trailing

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 3.9% 37.18%
1 Yr -1.5% -5.3% 3.3% 69.53%
3 Yr -0.6%* -9.4% 2.3% 53.88%
5 Yr N/A* -11.3% 2.6% 34.48%
10 Yr N/A* -5.2% 1.5% 39.55%

* Annualized

Return Ranking - Calendar

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
2022 -2.3% -6.4% 2.3% 67.97%
2021 -0.3% -1.6% 21.9% 71.37%
2020 0.3% -21.0% 5.8% 29.68%
2019 N/A -9.4% 2.6% N/A
2018 N/A -12.9% 6.1% N/A

Total Return Ranking - Trailing

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -6.5% 3.9% 27.78%
1 Yr -1.5% -5.3% 3.3% 69.53%
3 Yr -0.6%* -9.4% 2.3% 53.42%
5 Yr N/A* -11.3% 2.6% 33.50%
10 Yr N/A* -5.2% 1.5% 38.81%

* Annualized

Total Return Ranking - Calendar

Period FULLX Return Category Return Low Category Return High Rank in Category (%)
2022 -2.5% -6.4% 2.3% 69.26%
2021 -0.3% -1.6% 21.9% 71.37%
2020 0.3% -21.0% 5.8% 29.68%
2019 N/A -9.4% 2.6% N/A
2018 N/A -12.9% 6.1% N/A

NAV & Total Return History


FULLX - Holdings

Concentration Analysis

FULLX Category Low Category High FULLX % Rank
Net Assets 7.26 B 24.5 K 19.8 B 16.73%
Number of Holdings 688 1 3396 11.89%
Net Assets in Top 10 -63.3 M -200 M 16.1 B 95.49%
Weighting of Top 10 23.79% 2.6% 100.0% 41.28%

Top 10 Holdings

  1. 2 Year Treasury Note Future Mar 22 12.20%
  2. 2 Year Treasury Note Future Mar 22 12.20%
  3. 2 Year Treasury Note Future Mar 22 12.20%
  4. 2 Year Treasury Note Future Mar 22 12.20%
  5. 2 Year Treasury Note Future Mar 22 12.20%
  6. 2 Year Treasury Note Future Mar 22 12.20%
  7. 2 Year Treasury Note Future Mar 22 12.20%
  8. 2 Year Treasury Note Future Mar 22 12.20%
  9. 2 Year Treasury Note Future Mar 22 12.20%
  10. 2 Year Treasury Note Future Mar 22 12.20%

Asset Allocation

Weighting Return Low Return High FULLX % Rank
Bonds
92.28% 0.00% 123.41% 20.49%
Convertible Bonds
4.87% 0.00% 15.25% 30.74%
Cash
2.85% -24.02% 100.00% 84.84%
Stocks
0.00% 0.00% 3.35% 88.93%
Preferred Stocks
0.00% 0.00% 0.00% 88.93%
Other
0.00% -10.38% 3.22% 88.52%

Bond Sector Breakdown

Weighting Return Low Return High FULLX % Rank
Securitized
54.43% 0.00% 100.00% 14.75%
Corporate
42.97% 0.00% 99.91% 41.80%
Cash & Equivalents
2.53% 0.00% 100.00% 90.16%
Government
0.07% 0.00% 100.00% 70.90%
Derivative
0.00% 0.00% 23.15% 91.39%
Municipal
0.00% 0.00% 70.39% 93.85%

Bond Geographic Breakdown

Weighting Return Low Return High FULLX % Rank
US
77.87% 0.00% 100.00% 28.69%
Non US
14.41% 0.00% 72.88% 38.93%

FULLX - Expenses

Operational Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.03% 4.12% 50.83%
Management Fee 0.30% 0.00% 1.19% 73.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 49.04%

Sales Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

FULLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 369.54% 12.25%

FULLX - Distributions

Dividend Yield Analysis

FULLX Category Low Category High FULLX % Rank
Dividend Yield 2.65% 0.00% 38.55% 68.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FULLX Category Low Category High FULLX % Rank
Net Income Ratio 0.85% -1.30% 14.86% 19.57%

Capital Gain Distribution Analysis

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

Distributions History

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FULLX - Fund Manager Analysis

Managers

Randall Bauer


Start Date

Tenure

Tenure Rank

Oct 31, 1998

23.6

23.6%

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

4.5

4.5%

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 32.44 6.53 0.13