Federated Hermes Municipal Ultrashort Fund R6 (FMULX)
10.03
0.00 (0.00%)
USD |
Apr 10 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.34% | 1.397B | -- | 47.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 279.84M | 3.49% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income exempt from federal regular income tax. Invests at least 80% of its assets in a portfolio of tax-exempt securities issued by state and local governments, and of primarily investment grade or of comparable quality. Dollar-weighted average portfolio duration is one year or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
24
-141.20M
Peer Group Low
179.78M
Peer Group High
1 Year
% Rank:
17
279.84M
-503.12M
Peer Group Low
2.658B
Peer Group High
3 Months
% Rank:
6
-202.80M
Peer Group Low
641.38M
Peer Group High
3 Years
% Rank:
33
-2.025B
Peer Group Low
3.522B
Peer Group High
6 Months
% Rank:
12
-287.06M
Peer Group Low
1.563B
Peer Group High
5 Years
% Rank:
87
-6.850B
Peer Group Low
4.426B
Peer Group High
YTD
% Rank:
6
-202.80M
Peer Group Low
641.38M
Peer Group High
10 Years
% Rank:
87
-4.671B
Peer Group Low
6.087B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 13, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.59% |
| Stock | 0.00% |
| Bond | 95.78% |
| Convertible | 0.00% |
| Preferred | 3.63% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.450 11/01/2040 | 4.92% | 100.00 | 0.00% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.350 11/01/2040 | 2.95% | 100.00 | 0.00% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 3.160 10/01/2052 | 1.81% | 99.62 | 0.00% |
| MOBILE ALA INDL DEV BRD POLLUTN CTL REV AL 3.920 06/01/2034 | 1.79% | 100.10 | -0.01% |
| 10/01/2027 | 1.78% | -- | -- |
| ECTOR CNTY TEX INDPT SCH DIST TX 4.000 08/15/2049 | 1.46% | 101.70 | -0.01% |
| 12/31/2099 | 1.46% | -- | -- |
| NUVEEN CALIF AMT FREE QUALITY MUNICIPAL INCOME FD 12/31/2099 | 1.32% | -- | -- |
| INDIANA ST FIN AUTH ENVIRONMENTAL REV IN 2.950 08/01/2030 | 1.29% | 100.00 | 0.00% |
| NUVEEN AMT-FREE QUALITY MUN INCOME FD MA 0.000 03/01/2029 | 1.18% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.22% |
| Administration Fee | 68.27K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income exempt from federal regular income tax. Invests at least 80% of its assets in a portfolio of tax-exempt securities issued by state and local governments, and of primarily investment grade or of comparable quality. Dollar-weighted average portfolio duration is one year or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-9-26) | 2.96% |
| 30-Day SEC Yield (3-31-26) | 2.57% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 267 |
| Bond | |
| Yield to Maturity (12-31-25) | 1.68% |
| Effective Duration | 0.71 |
| Average Coupon | 4.05% |
| Calculated Average Quality | 2.557 |
| Effective Maturity | 12.23 |
| Nominal Maturity | 14.38 |
| Number of Bond Holdings | 259 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FMULX", "name") |
| Broad Asset Class: =YCI("M:FMULX", "broad_asset_class") |
| Broad Category: =YCI("M:FMULX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMULX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |