FUSD – Federated Hermes Ultrashort Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return consistent with current income. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income investments. It invests primarily (that is, more than 50%) in investment-grade, various fixed-income securities, including but not limited to asset-backed (including mortgage-backed securities), corporate debt securities, investment-grade corporate bonds, high-yield corporate bonds, bank loans and trade finance instruments, but may invest up to 35% of its assets in noninvestment-grade, fixed-income securities (also known as “junk-bonds”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FUSD	Federated Hermes Ultrashort Bond ETF	ETF	Open	—	—	Jun 23, 2026	$35.92M	0.180%	—	—	—

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