Federated Hermes Short Duration Corporate ETF (FCSH)
Federated Hermes Short Duration Corporate ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Pittsburgh, PA, US. The stock last traded at $24.10, up 0.17% on the session, giving a market capitalisation of $65.8M. Its beta of 0.38 implies it has historically moved less than the broad market.
The fund primarily invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in corporate fixed-income investments.
Federated Hermes Short Duration Corporate ETF is most often compared with the following Financial Services names: