Federated Hermes Ultra Short Bond Fund (FULBX)

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Federated Hermes Ultra Short Bond Fund (FULBX) is up 1.4% since the beginning of the year. FULBX is currently trading at $9 per share. Investors who bought $1,000 worth of FULBX shares 5 years ago would now be looking at an investment worth $1,166.

Federated Hermes Ultra Short Bond Fund (FULBX) has returned 1.40% so far this year and 4.93% over the past 12 months. Over the last ten years, FULBX has returned 2.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 1998, FULBX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 80% of months were positive and 20% were negative. The best month was Apr 2020 with a return of +2.0%, while the worst month was Mar 2020 at -3.4%. The longest winning streak lasted 40 consecutive months, and the longest losing streak was 10 months.

On a daily basis, FULBX closed higher 13% of trading days. The best single day was Apr 30, 1998 with a return of +0.9%, while the worst single day was Mar 18, 2020 at -1.2%.

Federated Hermes Ultra Short Bond Fund has an annualized alpha of 1.72%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 1998.

• This fund captured 5.45% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.34%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FULBX has an expense ratio of 0.47%, placing it in the medium range.

FULBX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Federated Hermes Ultra Short Bond Fund (FULBX) and compare them to S&P 500 Index.

Federated Hermes Ultra Short Bond Fund provided a 4.60% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Ultra Short Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Ultra Short Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Ultra Short Bond Fund was 5.43%, occurring on Nov 24, 2008. Recovery took 136 trading sessions.

The chart below shows the rolling one-month volatility.