Federated Hermes Municipal Ultrashort Fund A (FMUUX)
10.05
+0.01
(+0.10%)
USD |
Jan 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.51% | 1.409B | -- | 47.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 230.60M | 3.53% | Upgrade | Upgrade |
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:
19
-30.37M
Peer Group Low
788.63M
Peer Group High
1 Year
% Rank:
23
230.60M
-404.95M
Peer Group Low
3.160B
Peer Group High
3 Months
% Rank:
31
-164.63M
Peer Group Low
1.619B
Peer Group High
3 Years
% Rank:
65
-3.895B
Peer Group Low
3.445B
Peer Group High
6 Months
% Rank:
20
-215.45M
Peer Group Low
2.231B
Peer Group High
5 Years
% Rank:
87
-6.281B
Peer Group Low
4.904B
Peer Group High
YTD
% Rank:
--
1.248M
Peer Group Low
1.248M
Peer Group High
10 Years
% Rank:
90
-4.774B
Peer Group Low
6.143B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 16, 2026.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | -1.54% |
| Stock | 0.00% |
| Bond | 98.01% |
| Convertible | 0.00% |
| Preferred | 3.52% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 1.450 11/01/2040 | 4.49% | -- | -- |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 1.550 11/01/2040 | 2.29% | -- | -- |
| 11/01/2044 | 2.08% | -- | -- |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV AL 1.630 10/01/2052 | 1.86% | 98.99 | 0.00% |
| MOBILE ALA INDL DEV BRD POLLUTN CTL REV AL 3.920 06/01/2034 | 1.85% | 100.45 | -0.01% |
| 05/01/2026 | 1.79% | -- | -- |
| ECTOR CNTY TEX INDPT SCH DIST TX 4.000 08/15/2049 | 1.51% | -- | -- |
| INDIANA ST FIN AUTH ENVIRONMENTAL REV IN 1.550 08/01/2030 | 1.33% | -- | -- |
| 12/31/2099 | 1.30% | -- | -- |
| PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV PA 3.875 08/01/2038 | 1.22% | 100.20 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.20% |
| Administration Fee | 222.7K% |
| Maximum Front Load | 0.00% |
| 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 | 1500.00 None |
| Minimum Subsequent Investment | 100.00 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 (1-14-26) | 2.89% |
| 30-Day SEC Yield (12-31-25) | 2.81% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 265 |
| Bond | |
| Yield to Maturity (9-30-25) | 1.94% |
| Effective Duration | 0.88 |
| Average Coupon | 3.80% |
| Calculated Average Quality | 2.551 |
| Effective Maturity | 12.58 |
| Nominal Maturity | 14.39 |
| Number of Bond Holdings | 261 |
As of September 30, 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:FMUUX", "name") |
| Broad Asset Class: =YCI("M:FMUUX", "broad_asset_class") |
| Broad Category: =YCI("M:FMUUX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FMUUX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |