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Federated Hermes Short Duration Corporate ETF

FCSHNYSE ArcaFederated HermesThis fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

$23.82+0.01 (+0.04%)

As of Nov 2, 2026, 3:59 PM ET

Intraday session: up, 73 prints from 23.81 to 23.82. Range 23.80 to 23.84. Use the arrow keys to read each point.23.8023.8223.8223.8323.8410 AM12 PM2 PM4 PM
Expense ratio
0.30%*
Fund size
$66M
1Y total return
+1.8%
Yield · Last 12 months
4.64%
Holdings
182
Avg volume · 30D
1.66K sh
52W range
low $23.57high $24.64
Launched

*After a fee waiver that ends Jul 1, 2027. Without it: 0.40%.

The ETF.net FCSH Grade

—

Under classification review

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

Our read on FCSH

ETF.net Research

In short

A corner of the bond market run almost entirely by cheap index trackers, and FCSH shows up with a human credit team instead. Active short-maturity corporate bonds, a duration band written into the mandate, income paid monthly.

Stated mandate

The Fund seeks current income through a diversified portfolio of investment-grade, fixed-income securities.

Why people hold it

  • The short-end lane is explicit: mostly 1-to-5-year corporate paper, with effective duration held between 1.5 and 3.5 years. Less rate sensitivity than intermediate corporate funds, by design.federatedhermes.comprnewswire.com
  • Actively managed, not index-tracking. A dedicated Federated Hermes corporate fixed-income group picks the bonds, so credit calls are a person's judgment rather than whatever an index committee includes.prnewswire.com
  • Income lands monthly, matching the cadence most short-bond holders budget around.

Worth knowing

  • Active costs real money here: 0.40% a year, against roughly 0.19% for the typical investment-grade corporate ETF and 0.04% at index rivals like IGSB and SPIB.
  • The mandate allows up to 10% in non-investment-grade bonds, so an "investment grade" label still leaves room for a slice of higher-risk credit.prnewswire.com
  • It is thinly traded compared with the giants of its category, which tends to mean wider bid-ask spreads and more slippage on larger orders.

FCSH Holdings

Asset class
Bonds
Holdings
182
Top-10 weight
17%
Largest holding
Bank of America Corp Sr Unsecured 09/29 Var2.7%

Sectors

  • Corporate94.7%
  • Government5.3%

Geography

  • United States92.34%
  • Ireland1.32%
  • United Kingdom1.05%
  • Japan0.80%
  • Bermuda0.79%
  • Singapore0.78%
  • Netherlands0.74%
  • France0.73%
  • Other countries (3)1.45%
The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataBank of America Corp Sr Unsecured 09/29 Var2.66%1,739,000$1.76M34
2No dataCitigroup Inc Subordinated 09/27 4.452.35%1,564,000$1.56M16
3No dataJPMorgan Chase & Co Sr Unsecured 04/30 Var1.98%1,304,000$1.31M36
4No dataMars Inc Sr Unsecured 144A 03/30 4.81.80%1,208,000$1.19M33
5No dataWells Fargo & Company Sr Unsecured 04/28 Var1.58%1,039,000$1.04M8
6No dataBoeing Co/The Sr Unsecured 05/29 6.2981.47%954,000$975K44
7No dataMorgan Stanley Sr Unsecured 01/31 Var1.47%980,000$971K31
8No dataGe Healthcare Tech Inc Company Guar 11/27 5.651.43%942,000$948K32
9No dataGoldman Sachs Group Inc Sr Unsecured 01/31 Var1.24%830,000$821K35
10No dataFederated Govt Oblg Pr Shares1.08%716,231$716K5
11No dataJPMorgan Chase & Co Sr Unsecured 01/31 Var1.02%680,000$674K41
12No dataHuntington Bancshares Sr Unsecured 08/29 Var0.98%640,000$649K41
13No dataFnb Corp Sr Unsecured 12/30 Var0.97%650,000$641K25
14No dataNational Fuel Gas Co Sr Unsecured 03/30 5.50.97%640,000$638K30
15No dataSkydance Corp Sr Secured 144A 10/31 7.050.90%600,000$598K61

Showing 1–15 of 182 holdings

FCSH Performance

Launched Dec 16, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FCSH$10,179
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FCSH $10,179. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FCSH. Periods over one year show the average yearly return.
PeriodFCSH
Year to date+0.9%
1 month+1.3%
3 months+0.4%
1 year+1.8%
3 yearsper year+5.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FCSH
YearReturn barFCSH
2026 YTD+0.9%
2025+6.4%
2024+4.7%
2023+5.4%
2022−5.9%
2021+0.2%

History from Dec 17, 2021

FCSH in the news

FCSH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.64%Last 12 months
Payout per share
$1.11Last 12 months
Upcoming payment
$0.09 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 27, 2023 $0.04; Feb 24, 2023 $0.04; Mar 29, 2023 $0.04; Apr 26, 2023 $0.04; May 26, 2023 $0.04; Jun 28, 2023 $0.04; Jul 27, 2023 $0.04; Aug 29, 2023 $0.04; Sep 27, 2023 $0.04; Oct 27, 2023 $0.04; Nov 28, 2023 $0.05; Dec 27, 2023 $0.08; Jan 29, 2024 $0.08; Feb 27, 2024 $0.08; Mar 26, 2024 $0.08; Apr 26, 2024 $0.08; May 31, 2024 $0.08; Jun 28, 2024 $0.08; Jul 31, 2024 $0.08; Aug 30, 2024 $0.08; Sep 30, 2024 $0.09; Oct 31, 2024 $0.09; Nov 29, 2024 $0.09; Dec 31, 2024 $0.16; Jan 31, 2025 $0.09; Feb 28, 2025 $0.09; Mar 31, 2025 $0.09; Apr 30, 2025 $0.09; May 30, 2025 $0.09; Jun 30, 2025 $0.09; Jul 31, 2025 $0.05; Aug 29, 2025 $0.09; Sep 30, 2025 $0.09; Oct 31, 2025 $0.08; Nov 28, 2025 $0.09; Dec 31, 2025 $0.08; Jan 30, 2026 $0.08; Feb 27, 2026 $0.09; Mar 31, 2026 $0.08; Apr 30, 2026 $0.09; May 29, 2026 $0.09; Jun 30, 2026 $0.09; Jul 31, 2026 $0.09; Aug 31, 2026 $0.08; Sep 30, 2026 $0.09; Oct 30, 2026 $0.09. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 2, 2026$0.09
Sep 30, 2026Oct 1, 2026$0.09
Aug 31, 2026Sep 1, 2026$0.08
Jul 31, 2026Aug 3, 2026$0.09
Jun 30, 2026Jul 1, 2026$0.09
May 29, 2026Jun 1, 2026$0.09
Apr 30, 2026May 1, 2026$0.09
Mar 31, 2026Apr 1, 2026$0.08
Feb 27, 2026Mar 2, 2026$0.09
Jan 30, 2026Feb 2, 2026$0.08
Dec 31, 2025Jan 2, 2026$0.08
Nov 28, 2025Dec 1, 2025$0.09

See all 59 payments⁠

$10,000 in FCSH 3 years ago paid $1,308 in dividends.⁠

FCSH Risk

How much the fund’s monthly returns vary, scaled to a year.
2.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.30
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.5%
58 months · trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.38
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FCSH Cost

Overpaying vs VCSH, tied cheapest in Investment Grade Corporate (0-5 Year)

$5,511

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FCSH 0.30%

    $6,149

  • VCSH 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FCSH 0.30%
  • VCSH 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FCSH $6,149VCSH $638

Year by year

YearFCSHVCSHOverpaying
10$545$55$490
20$2,113$216$1,897
30$6,149$638$5,511
How the 0.30% is worked out

Full fee 0.40%− waiver 0.10%= you pay 0.30%

The waiver ends Jul 1, 2027. After that the fee is 0.40% unless Federated Hermes renews it. Source: prospectus, Jun 2026.

Other funds in Investment Grade Corporate (0-5 Year)