Morningstar

Federated Hermes Municipal Ultrashort Fund Institutional Shares FMUSX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $9.99  /  0.00
  • Fund Size $1.6B
  • Adjusted Expense Ratio 0.360%
  • Net Expense Ratio 0.360%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 2.85%
  • Average Effective Duration 0.84 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMUSX

Will FMUSX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMUSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMUSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMUSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Municipal Ultrashort IS holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FMUSX

More FMUSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 3%

3.32 48M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.07%

2.88 42M
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 3.07%

2.41 35M
municipal

CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV

2.23 32M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 3.12%

2.05 30M
municipal

NUVEEN AMT-FREE QUALITY MUN INCOME FD 3.12%

2.04 30M
municipal

NUVEEN AMT-FREE MUN CR INCOME FD 3.12%

1.80 26M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.02%

1.75 25M
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.93%

1.43 21M
municipal

ECTOR CNTY TEX INDPT SCH DIST 4%

1.39 20M
municipal

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