FMULX — Federated Hermes Municipal Ultrashort Fund
Data updated: 2026-08-25
FMULX — Federated Hermes Municipal Ultrashort Fund. Long Municipal - National Bond · $1.44B AUM. Holdings, fees, performance and SEC filings.
FMULX Fund Overview
FMULX — Federated Hermes Municipal Ultrashort Fund is a US mutual fund managed by Federated Hermes Fixed Income Securities, Inc., categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Fixed Income Securities, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $1.44B
- 1-year return: 3.2%
- Ticker: FMULX
- SEC CIK: 0000879569
- SEC series ID: S000009738
- Share class ID: C000212354
FMULX Holdings
Top 10 holdings of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| J P Morgan Chase Putters / Drivers Tr Var Sts | 3.36% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 2.92% |
| Jp Morgan Chase Putters | 2.44% |
| Cumberland County Finance Corp. (nc) | 2.26% |
| Harris County Cultural Education Facilities Finance Corp. (tx) | 2.08% |
| Nuveen Amt-Free Quality Municipal Income Fund | 2.07% |
| Nuveen Amt-Free Municipal Credit Income Fund | 1.82% |
| Black Belt Energy Gas District (the) (al) | 1.77% |
| Port Port Arthur Navigation District (tx) | 1.45% |
| Ector County Independent School District (tx) | 1.41% |
FMULX Portfolio Allocation
Asset-class allocation of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 101.3% |
FMULX Performance
Total returns for FMULX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 3.2% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 2.4% |
FMULX Risk Information
Risk metrics for FMULX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.5%
FMULX Costs and Fees
FMULX costs about $34 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.34%
- Gross expense ratio: 0.41%
- Portfolio turnover: 47%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMULX Cashflows
Over the 12 months to 2026-06, Federated Hermes Municipal Ultrashort Fund had net inflows of $229.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$10.83M |
| 2026-05 | $63.21M |
| 2026-04 | −$130.01M |
| 2026-03 | $19.26M |
| 2026-02 | $75.86M |
| 2026-01 | $20.20M |
FMULX Debt Constituents
Largest debt holdings of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| J P Morgan Chase Putters / Drivers Tr Var Sts | 3.36% |
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 2.92% |
| Jp Morgan Chase Putters | 2.44% |
| Cumberland County Finance Corp. (nc) | 2.26% |
| Harris County Cultural Education Facilities Finance Corp. (tx) | 2.08% |
| Nuveen Amt-Free Quality Municipal Income Fund | 2.07% |
| Nuveen Amt-Free Municipal Credit Income Fund | 1.82% |
| Black Belt Energy Gas District (the) (al) | 1.77% |
| Port Port Arthur Navigation District (tx) | 1.45% |
| Ector County Independent School District (tx) | 1.41% |
FMULX Prospectus and SEC Filings
Official Federated Hermes Municipal Ultrashort Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-24
- Prospectus (485BPOS) — filed 2024-11-26
- Prospectus (485BPOS) — filed 2023-11-22
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2024-12-04
- Annual census (N-CEN) — filed 2023-12-04
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.