# Portfolio overlap — STILX vs FULAX Comparing **Federated Hermes Strategic Income Fund** (2026-02-28) and **Federated Hermes Ultrashort Bond Fund** (2026-03-31). - Shared positions: 8 - Federated Hermes Strategic Income Fund covered by Federated Hermes Ultrashort Bond Fund: 0.07908803303085380329751884299 - Federated Hermes Ultrashort Bond Fund covered by Federated Hermes Strategic Income Fund: 0.07908803303085380329751884299 ## Federated Hermes Strategic Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FED HIGH YLD BOND PORT | 0.311900 | | | FEDERATED CORE TR MUTUAL FUND | 0.204780 | ✓ | | FEDERATED CORE TR MTG CORE PORTFOLIO | 0.164842 | | | US TREASURY N/B | 0.054476 | | | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.048531 | ✓ | | US TREASURY N/B | 0.041042 | | | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE | 0.014035 | ✓ | | US TREASURY N/B | 0.012704 | | | UMBS | 0.011708 | | | FR SD8243 | 0.011708 | | | FN MA4732 | 0.011090 | | | JP MORGAN MORTGAGE TRUST JPMMT 2022 1 A2 144A | 0.009020 | | | US TREASURY N/B | 0.008925 | | | AUSTRALIAN GOVT. | 0.008115 | | | WELLTOWER INC | 0.006575 | | | JP MORGAN MORTGAGE TRUST JPMMT 2022 2 A3 144A | 0.005778 | | | ASHTEAD CAPITAL | 0.005446 | | | GS MORTGAGE-BACKED SECURITIES TRUST 2022-PJ3 GSMBS 2022-PJ3 A4 | 0.004643 | | | JP MORGAN MORTGAGE TRUST JPMMT 2022 3 A3 144A | 0.004643 | | | Home Partners of America Trust, Series 2022-1, Class B | 0.003869 | | | US TREASURY N/B | 0.003756 | | | US TREASURY N/B | 0.003676 | | | SOUTHERN CAL GAS | 0.003663 | | | ORL Trust, Series 2024-GLKS, Class B | 0.002936 | ✓ | | APPLOVIN CORP | 0.002550 | | | Fannie Mae Connecticut Avenue Securities | 0.002309 | ✓ | | BX Commercial Mortgage Trust 2026-CSMO | 0.001923 | ✓ | | NAVSL 2021-GA A 144A 1.58% 04-15-70 | 0.001642 | | | SMB PRIVATE EDUCATION LOAN TRUST 2021-E SMB 2021-E A1A | 0.001266 | | | BMARK 2019-B11 A5 | 0.001176 | | | GS Mortgage-Backed Securities Trust 2023-PJ5 | 0.001049 | | | BANK 2018-BN15 A4 | 0.000898 | | | Freddie Mac Multifamily Structured Pass Through Certificates | 0.000890 | | | COMM Mortgage Trust, Series 2015-DC1, Class AM | 0.000671 | | | BANK, Series 2022-BNK40, Class A4 | 0.000580 | | | BENCHMARK MORTGAGE TRUST BMARK 2021 B26 A2 | 0.000469 | | | WELLS FARGO CO | 0.000468 | | | ORANGE SA 144A LIFE SR UNSEC 5.0% 01-13-36 | 0.000358 | | | TRUIST BANK | 0.000355 | | | COMCAST CORP REGD 144A P/P 5.16800000 | 0.000353 | | | AERCAP IRELAND | 0.000275 | | | CAPITAL ONE FINL | 0.000269 | | | DTRGR 4 1/2 04/12/31 | 0.000269 | | | COCA-COLA FEMSA | 0.000255 | | | JPMORGAN CHASE | 0.000238 | | | ROYAL CARIBBEAN | 0.000232 | | | AT&T INC | 0.000225 | | | MASS MUTUAL LIFE INS CO SUBORDINATED 144A 04/77 4.9 | 0.000221 | | | PHILIP MORRIS IN | 0.000221 | | | DUKE ENERGY COR | 0.000217 | | ## 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 `0000879569-26-000008` (as of 2026-02-28) - 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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