# Portfolio overlap — FSTIX vs FULAX Comparing **Federated Hermes Short-Term Income Fund** (2026-04-30) and **Federated Hermes Ultrashort Bond Fund** (2026-03-31). - Shared positions: 265 - Federated Hermes Short-Term Income Fund covered by Federated Hermes Ultrashort Bond Fund: 0.4404329732972764088782531292 - Federated Hermes Ultrashort Bond Fund covered by Federated Hermes Short-Term Income Fund: 0.4404329732972764088782531291 ## Federated Hermes Short-Term Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | 0.037678 | ✓ | | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.035994 | ✓ | | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.024385 | ✓ | | US TREASURY N/B | 0.016229 | | | US TREASURY N/B | 0.016099 | | | FEDERATED CORE TR MUTUAL FUND | 0.009469 | ✓ | | SDART 2024-4 D 5.32% 12-15-31 | 0.008187 | ✓ | | US TREASURY N/B | 0.008161 | | | US TREASURY N/B | 0.007993 | | | SDART 2024-2 D | 0.007210 | ✓ | | Freddie Mac Pool | 0.005602 | | | VZMT 2025-4 C | 0.005575 | | | SDART 2025-3 D | 0.005548 | ✓ | | NextGear Floorplan Master Owner Trust | 0.005197 | ✓ | | SDART 2025-1 D | 0.005194 | ✓ | | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 09/26 5.95 | 0.004884 | ✓ | | FORD CR FLOORPLN MAST OWN TR 2023-1 D 6.62% 05/15/2028 144A | 0.004695 | ✓ | | FORDF 2023-1 B | 0.004586 | ✓ | | Freddie Mac Pool | 0.004419 | | | GMF FLOORPLAN OWNER REVOLVING TRUST | 0.004343 | | | World Omni Automobile Lease Securitization Trust 2025-A | 0.004327 | | | CMO | 0.004320 | ✓ | | BX Commercial Mortgage Trust 2026-CSMO | 0.004320 | ✓ | | JW Commercial Mortgage Trust, Series 2024-MRCO, Class C | 0.004314 | ✓ | | BANK NOVA SCOTIA | 0.004280 | | | Santander Drive Auto Receivables Trust 2026-1 | 0.004254 | ✓ | | VZMT 2024-8 C | 0.004234 | | | SDART 2024-5 D 5.14% 02-17-32 | 0.004081 | ✓ | | FORD CR FLOORPLN MAST OWN TR 2023-1 C 5.75% 05/15/2028 144A | 0.004048 | ✓ | | PFS Financing Corporation 5.71%, Due 05/15/2028 | 0.004028 | | | Huntington Bank Auto Credit-Linked Notes Series 2026-1 | 0.004026 | ✓ | | AerCap Ireland Capital Designated Activity Company | 0.003888 | | | Freddie Mac Multifamily Structured Pass Through Certificates | 0.003839 | | | Chase Auto Owner Trust 2024-2 | 0.003835 | | | Drive Auto Receivables Trust, Series 2024-1, Class C | 0.003826 | ✓ | | Salesforce Inc | 0.003783 | | | ORL Trust, Series 2024-GLKS, Class B | 0.003781 | ✓ | | GOLDEN CREDIT CARD TRUST | 0.003751 | | | PFS Financing Corp | 0.003666 | | | NextGear Floorplan Master Owner Trust | 0.003613 | ✓ | | SDART 2025-2 D | 0.003527 | ✓ | | Nissan Auto Receivables 2025-B Owner Trust | 0.003497 | | | SDART 2025-4 D 4.95% 01-15-32 | 0.003493 | ✓ | | Enterprise Fleet Financing 2026-1 LLC | 0.003364 | ✓ | | GXO LOGISTICS | 0.003360 | | | US BANCORP | 0.003321 | | | BLACK HILLS CORP | 0.003316 | | | DAIMLER TRUCK | 0.003300 | | | BANK OF AMER CRP | 0.003297 | | | FORD CREDIT AUTO OWNER TRUST 2023-REV1 | 0.003287 | | ## Federated Hermes Ultrashort Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.059939 | ✓ | | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | 0.037117 | ✓ | | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.024882 | ✓ | | FEDERATED CORE TR MUTUAL FUND | 0.009221 | ✓ | | Government National Mortgage Association | 0.008526 | | | Government National Mortgage Association | 0.007251 | | | FNMA, REMIC, Series 2025-70, Class FD | 0.007018 | | | Fannie Mae REMICS | 0.006773 | | | Government National Mortgage Association | 0.006475 | | | Freddie Mac REMICS | 0.006470 | | | U.S. Treasury Bills | 0.006312 | | | Freddie Mac REMICS | 0.006296 | | | U.S. Treasury Bills | 0.006255 | | | U.S. Treasury Bills | 0.006199 | | | U.S. Treasury Bills | 0.006150 | | | FR RQ0056 | 0.005939 | | | ORL Trust, Series 2024-GLKS, Class B | 0.005828 | ✓ | | NAVSL 2021-BA A 144A 0.94% 07-15-69 | 0.005788 | | | JW Commercial Mortgage Trust, Series 2024-MRCO, Class C | 0.005571 | ✓ | | PFS Financing Corp. | 0.005529 | | | Government National Mortgage Association | 0.005516 | | | SDART 2025-3 D | 0.005502 | ✓ | | NAVSL 2021-FA A 144A 1.11% 02-18-70 | 0.005496 | | | Fidelity National Information Services, Inc. | 0.005491 | | | AMERICAN EXPRESS CO SR UNSECURED 11/26 VAR | 0.005467 | | | Fannie Mae REMICS | 0.005334 | | | Government National Mortgage Association | 0.005332 | | | Fannie Mae REMICS | 0.005325 | | | FR SD8420 | 0.005282 | | | SDART 2025-1 D | 0.005275 | ✓ | | SDART 2024-2 D | 0.005223 | ✓ | | MS F 04/13/28 MTN | 0.005084 | | | BANK OF NOVA SCOTIA THE | 0.005071 | | | JPMORGAN CHASE JPM Float 01/24/29 | 0.005056 | | | Government National Mortgage Association | 0.005053 | | | Santander Drive Auto Receivables Trust 2026-1 | 0.004880 | ✓ | | AmeriCredit Automobile Receivables Trust 2023-2 | 0.004864 | ✓ | | SDART 2024-5 D 5.14% 02-17-32 | 0.004864 | ✓ | | FR SD8431 | 0.004830 | | | NextGear Floorplan Master Owner Trust | 0.004812 | ✓ | | NELNET STUDENT LOAN TRUST NSLT 2021 DA AFL 144A | 0.004795 | ✓ | | Ford Motor Credit Co. LLC | 0.004723 | | | Freddie Mac REMICS | 0.004499 | | | NAVSL 2021-CA A 144A 1.06% 10-15-69 | 0.004495 | ✓ | | Freddie Mac REMICS | 0.004445 | | | Drive Auto Receivables Trust, Series 2025-1, Class D | 0.004337 | ✓ | | BX Commercial Mortgage Trust 2026-CSMO | 0.004323 | ✓ | | Freddie Mac REMICS | 0.004313 | | | CMO | 0.004305 | ✓ | | Huntington Bank Auto Credit-Linked Notes Series 2026-1 | 0.004301 | ✓ | ## Sources - N-PORT (fund A) — accession `0000789281-26-000084` (as of 2026-04-30) - N-PORT (fund B) — accession `0000912763-26-000014` (as of 2026-03-31) --- _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._ _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._ _Use of this data is subject to the FundWatcher Terms of Service. 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