{
  "page": "compare",
  "query": {
    "a": "FFRLX",
    "b": "FULAX"
  },
  "retrieved_at": "2026-07-07T19:13:47+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Federated Hermes Floating Rate Strategic Income Fund",
    "ticker": "FFRLX",
    "slug": "FFRLX",
    "series_id": "S000030463",
    "html_url": "https://fundwatcher.app/funds/FFRLX/"
  },
  "fund_b": {
    "name": "Federated Hermes Ultrashort Bond Fund",
    "ticker": "FULAX",
    "slug": "FULAX",
    "series_id": "S000010898",
    "html_url": "https://fundwatcher.app/funds/FULAX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.08118992098244916786947713493",
    "coverage_b_by_a": "0.08118992098244916786947713493",
    "shared_count": 4,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND",
        "value": "205914483.90",
        "weight": "0.63586011",
        "shared": true
      },
      {
        "name": "FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE",
        "value": "41036029.68",
        "weight": "0.12671850",
        "shared": true
      },
      {
        "name": "Fannie Mae REMICS",
        "value": "6033088.51",
        "weight": "0.01863007",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS",
        "value": "4756932.98",
        "weight": "0.01468932",
        "shared": false
      },
      {
        "name": "Government National Mortgage Association",
        "value": "4685772.03",
        "weight": "0.01446958",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "4161542.79",
        "weight": "0.01285077",
        "shared": false
      },
      {
        "name": "Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class",
        "value": "4118107.23",
        "weight": "0.01271664",
        "shared": true
      },
      {
        "name": "Government National Mortgage Association",
        "value": "4073966.36",
        "weight": "0.01258033",
        "shared": false
      },
      {
        "name": "Government National Mortgage Association",
        "value": "3848092.67",
        "weight": "0.01188284",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "3205840.76",
        "weight": "0.00989958",
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      },
      {
        "name": "Government National Mortgage Association",
        "value": "3195896.38",
        "weight": "0.00986887",
        "shared": true
      },
      {
        "name": "Government National Mortgage Association",
        "value": "3042820.13",
        "weight": "0.00939617",
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      },
      {
        "name": "Freddie Mac REMICS",
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        "weight": "0.00935976",
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      },
      {
        "name": "Fannie Mae REMICS",
        "value": "2878987.48",
        "weight": "0.00889026",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "2760883.86",
        "weight": "0.00852556",
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      },
      {
        "name": "Government National Mortgage Association",
        "value": "2661750.44",
        "weight": "0.00821944",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "2520100.76",
        "weight": "0.00778202",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "2501562.50",
        "weight": "0.00772478",
        "shared": false
      },
      {
        "name": "Government National Mortgage Association",
        "value": "2347553.28",
        "weight": "0.00724920",
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      },
      {
        "name": "Government National Mortgage Association",
        "value": "2285336.32",
        "weight": "0.00705708",
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      },
      {
        "name": "Government National Mortgage Association",
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        "weight": "0.00630870",
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      },
      {
        "name": "Fannie Mae REMICS",
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        "weight": "0.00591733",
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      },
      {
        "name": "Fannie Mae REMICS",
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      {
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      },
      {
        "name": "Fannie Mae REMICS",
        "value": "1478529.21",
        "weight": "0.00456567",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS Floating Rate, Due 12/15/2043",
        "value": "1421853.51",
        "weight": "0.00439066",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS Floating Rate, Due 08/25/2049",
        "value": "1160124.80",
        "weight": "0.00358244",
        "shared": false
      },
      {
        "name": "Fannie Mae REMICS",
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        "weight": "0.00341602",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS",
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      },
      {
        "name": "Fannie Mae REMICS",
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        "weight": "0.00139049",
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      },
      {
        "name": "Freddie Mac REMICS",
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      },
      {
        "name": "Fannie Mae REMICS",
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      },
      {
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      {
        "name": "Fannie Mae REMICS",
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        "weight": "0.00037250",
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      },
      {
        "name": "Fannie Mae REMICS",
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      },
      {
        "name": "Fannie Mae REMICS",
        "value": "63510.19",
        "weight": "0.00019612",
        "shared": false
      },
      {
        "name": "FNMA",
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        "weight": "0.00012652",
        "shared": false
      },
      {
        "name": "Freddie Mac Non Gold Pool",
        "value": "27416.16",
        "weight": "0.00008466",
        "shared": false
      },
      {
        "name": "Fannie Mae REMICS",
        "value": "22709.95",
        "weight": "0.00007013",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS",
        "value": "20942.75",
        "weight": "0.00006467",
        "shared": false
      },
      {
        "name": "Freddie Mac Non Gold Pool",
        "value": "12519.91",
        "weight": "0.00003866",
        "shared": false
      },
      {
        "name": "Freddie Mac Non Gold Pool",
        "value": "12164.65",
        "weight": "0.00003756",
        "shared": false
      },
      {
        "name": "ENTERPRISE FLEET FING 2022-4 LLC 5.76% 10/22/2029 144A",
        "value": "10811.48",
        "weight": "0.00003339",
        "shared": false
      },
      {
        "name": "FNMA",
        "value": "9175.57",
        "weight": "0.00002833",
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      },
      {
        "name": "FNMA",
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      },
      {
        "name": "Freddie Mac Non Gold Pool",
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        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class",
        "value": "236690383.97",
        "weight": "0.05993852",
        "shared": true
      },
      {
        "name": "FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND",
        "value": "146571112.87",
        "weight": "0.03711708",
        "shared": true
      },
      {
        "name": "FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE",
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        "weight": "0.02488168",
        "shared": true
      },
      {
        "name": "FEDERATED CORE TR MUTUAL FUND",
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        "shared": false
      },
      {
        "name": "Government National Mortgage Association",
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      {
        "name": "Government National Mortgage Association",
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        "weight": "0.00725123",
        "shared": false
      },
      {
        "name": "FNMA, REMIC, Series 2025-70, Class FD",
        "value": "27711424.99",
        "weight": "0.00701753",
        "shared": false
      },
      {
        "name": "Fannie Mae REMICS",
        "value": "26747119.53",
        "weight": "0.00677333",
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      },
      {
        "name": "Government National Mortgage Association",
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        "weight": "0.00647453",
        "shared": true
      },
      {
        "name": "Freddie Mac REMICS",
        "value": "25549985.03",
        "weight": "0.00647018",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "24926947.50",
        "weight": "0.00631240",
        "shared": false
      },
      {
        "name": "Freddie Mac REMICS",
        "value": "24863707.49",
        "weight": "0.00629639",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "24700840.00",
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      },
      {
        "name": "U.S. Treasury Bills",
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      },
      {
        "name": "U.S. Treasury Bills",
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      },
      {
        "name": "FR RQ0056",
        "value": "23451685.04",
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      },
      {
        "name": "ORL Trust, Series 2024-GLKS, Class B",
        "value": "23014395.70",
        "weight": "0.00582807",
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      },
      {
        "name": "NAVSL 2021-BA A 144A 0.94% 07-15-69",
        "value": "22855516.66",
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        "shared": false
      },
      {
        "name": "JW Commercial Mortgage Trust, Series 2024-MRCO, Class C",
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      },
      {
        "name": "PFS Financing Corp.",
        "value": "21834667.10",
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      },
      {
        "name": "Government National Mortgage Association",
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      },
      {
        "name": "SDART 2025-3 D",
        "value": "21728113.44",
        "weight": "0.00550234",
        "shared": false
      },
      {
        "name": "NAVSL 2021-FA A 144A 1.11% 02-18-70",
        "value": "21701553.28",
        "weight": "0.00549561",
        "shared": false
      },
      {
        "name": "Fidelity National Information Services, Inc.",
        "value": "21685179.76",
        "weight": "0.00549147",
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      },
      {
        "name": "AMERICAN EXPRESS CO SR UNSECURED 11/26 VAR",
        "value": "21588215.05",
        "weight": "0.00546691",
        "shared": false
      },
      {
        "name": "Fannie Mae REMICS",
        "value": "21065287.64",
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      },
      {
        "name": "Government National Mortgage Association",
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      {
        "name": "Fannie Mae REMICS",
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      {
        "name": "FR SD8420",
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      },
      {
        "name": "SDART 2025-1 D",
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        "name": "SDART 2024-2 D",
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      {
        "name": "MS F 04/13/28 MTN",
        "value": "20074795.00",
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      },
      {
        "name": "BANK OF NOVA SCOTIA THE",
        "value": "20026284.00",
        "weight": "0.00507138",
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      {
        "name": "JPMORGAN CHASE JPM Float 01/24/29",
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      {
        "name": "Government National Mortgage Association",
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      {
        "name": "Santander Drive Auto Receivables Trust 2026-1",
        "value": "19272037.20",
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      },
      {
        "name": "AmeriCredit Automobile Receivables Trust 2023-2",
        "value": "19209017.50",
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      },
      {
        "name": "SDART 2024-5 D 5.14% 02-17-32",
        "value": "19208468.00",
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      },
      {
        "name": "FR SD8431",
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      },
      {
        "name": "NextGear Floorplan Master Owner Trust",
        "value": "19001224.55",
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      {
        "name": "NELNET STUDENT LOAN TRUST NSLT 2021 DA AFL 144A",
        "value": "18934219.09",
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      },
      {
        "name": "Ford Motor Credit Co. LLC",
        "value": "18649444.18",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "17764155.29",
        "weight": "0.00449852",
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      {
        "name": "NAVSL 2021-CA A 144A 1.06% 10-15-69",
        "value": "17750235.88",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "17551093.92",
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      },
      {
        "name": "Drive Auto Receivables Trust, Series 2025-1, Class D",
        "value": "17127726.95",
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      },
      {
        "name": "BX Commercial Mortgage Trust 2026-CSMO",
        "value": "17069684.55",
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      },
      {
        "name": "Freddie Mac REMICS",
        "value": "17032721.80",
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      {
        "name": "CMO",
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      },
      {
        "name": "Huntington Bank Auto Credit-Linked Notes Series 2026-1",
        "value": "16985057.85",
        "weight": "0.00430123",
        "shared": false
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    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000789281-26-000047",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/789281/000078928126000047/0000789281-26-000047-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000912763-26-000014",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/912763/000091276326000014/0000912763-26-000014-index.htm"
    }
  ]
}