---
ticker: "FUSD"
name: "Federated Hermes Ultrashort Bond ETF"
url: "https://etf.net/etf/FUSD"
grade: "D"
score: 27
graded_at: "2026-10-12"
category: "Cash & Ultra-Short Income"
category_rank: "74 of 78"
methodology: "https://etf.net/methodology"
---

# FUSD: Federated Hermes Ultrashort Bond ETF

Grade **D**, Score 27 of 100. Rank 74 of 78 in Cash & Ultra-Short Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 19 | 63 of 78 |
| Mission | 20 | 66 of 66 |
| Risk | 60 | 11 of 75 |
| Tradability | 0 | 78 of 78 |
| Holdings | 68 | 28 of 77 |
| Durability | 13 | 73 of 78 |

## Top holdings

The fund holds 144 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Us Treasury N/B 11/27 4.125 | 4.85% |
| 2 | — | Federated Core Tr Mutual Fund | 3.52% |
| 3 | — | Federated Core Tr Iii Federated Proj+trade Fin Core | 2.52% |
| 4 | — | Federated Govt Oblg Pr Shares | 1.51% |
| 5 | — | Jw Commercial Mortgage Trust Jw 2026 Mrco A 144A | 1.39% |
| 6 | — | Sbna Auto Receivables Trust Sbat 2025 SF1 D 144A | 1.39% |
| 7 | — | Sba Communications Corp Sr Unsecured 01/30 4.875 | 1.08% |
| 8 | — | Federated Core Tr Mutual Fund | 1.00% |
| 9 | — | American Honda Finance Sr Unsecured 09/28 Var | 0.98% |
| 10 | — | Toronto Dominion Bank Sr Unsecured 09/28 Var | 0.97% |
| 11 | — | Evergreen Credit Card Trust Evgrn 2026 1A C 144A | 0.97% |
| 12 | — | Dell Equipment Finance Trust Deft 2026 2A D 144A | 0.97% |
| 13 | — | Penske Truck Leasing/Ptl Sr Unsecured 144A 07/29 5.25 | 0.97% |
| 14 | — | Chase Auto Owner Trust Chaot 2023 Aa A4 144A | 0.95% |
| 15 | — | Government National Mortgage A Gnr 2023 113 Fn | 0.92% |
| 16 | — | General Motors Finl Co Sr Unsecured 04/28 Var | 0.92% |
| 17 | — | Fidelity Natl Info Serv Sr Unsecured 03/29 Var | 0.91% |
| 18 | — | Freddie Mac Fhr 5386 Fd | 0.91% |
| 19 | — | Oracle Corp Sr Unsecured 02/29 Var | 0.90% |
| 20 | — | Philip Morris Intl Inc Sr Unsecured 10/28 Var | 0.89% |
| 21 | — | Global Payments Inc Sr Unsecured 11/28 4.5 | 0.88% |
| 22 | — | Hca Inc Company Guar 03/28 Var | 0.87% |
| 23 | — | Freddie Mac Fhr 5565 Fa | 0.84% |
| 24 | — | Government National Mortgage A Gnr 2025 25 Yh | 0.84% |
| 25 | — | Credit Agricole SA 144A 09/30 Var | 0.83% |
| 26 | — | Commonwealth Bank Aust Sr Unsecured 144A 12/31 Var | 0.83% |
| 27 | — | Mitsubishi Ufj Fin Grp Sr Unsecured 09/32 Var | 0.83% |
| 28 | — | Verizon Master Trust Vzmt 2026 3 C | 0.83% |
| 29 | — | Hyundai Auto Receivables Trust Hart 2026 C C | 0.83% |
| 30 | — | Penfed Auto Receivables Owner Pnfed 2025 A A3 144A | 0.81% |

Source: etf.net, https://etf.net/etf/FUSD. Please cite the page URL.