FULIX

About FULIX

Federated Hermes Ultrashort Bond Fund Institutional Shares is an open‑end mutual fund designed to deliver total return consistent with current income through a diversified, investment‑grade bond portfolio. The strategy spans **asset‑backed and mortgage‑backed securities**, **corporate bonds**, and **U.S. Treasury and government agency** issues, emphasizing high-quality short‑duration exposures to temper interest‑rate sensitivity. The portfolio targets a dollar‑weighted **effective duration of one year or less**, with recent positioning around 0.9 years, aligning with the ultrashort category’s focus on limited rate risk. The fund pays **monthly dividends**, reflecting its income orientation, and benchmarks performance against the Bloomberg U.S. Short‑Term Government/Corporate Index. Managed by an experienced team including Nicholas Tripodes and Daniel Mastalski, the approach actively allocates across sectors to balance risk and return while maintaining liquidity and credit discipline. With billions in assets and hundreds of holdings, the fund serves as a cash‑plus building block for investors seeking stability and incremental yield over cash, sitting between traditional money market funds and short‑term bond strategies in the fixed‑income spectrum.