Another press release, "Federated Hermes launches active, short-​duration fixed-​income ETF," states, "Federated Hermes, Inc. (​FHI) ... introduced Federated Hermes Ultrashort Bond ETF (​FUSD), designed for investors seeking higher yields in an uncertain interest rate environment. Federated Hermes Ultrashort Bond ETF pursues its objective of providing total return consistent with current income by investing primarily in a diversified portfolio of investment-​grade debt securities. The ETF seeks to offer a competitive and attractive yield while minimizing interest rate risk by limiting its effective duration to one year or less." It explains, "The portfolio management team -- led by Nicholas Tripodes, CFA, senior portfolio manager and head of the Low Duration Multisector Group; Daniel Mastalski, CFA, portfolio manager; and Bradley Payne, portfolio manager -- actively adjusts positioning as market conditions evolve, drawing on the collective insights of Federated Hermes' fixed income leadership and sector specialists. Portfolio construction is guided by the firm'​s established fixed-​income framework, which emphasizes sector allocation, security selection and interest-​rate positioning, seeking diversified sources of alpha rather than reliance on any single market factor. Federated Hermes manages $​42.​9 billion in short-​duration fixed-​income assets as of March 31, 2026." Paul A. Uhlman, president and CEO of the Federated Advisory Companies, comments, "​We offer a comprehensive suite of investment solutions across the full investment horizon to help meet the evolving needs of our clients. Through active allocation across high‑​quality, short‑​term fixed-​income sectors, Federated Hermes Ultrashort Bond ETF offers a disciplined step beyond traditional cash alternatives while avoiding long‑​duration risk." ETF business director at Federated Hermes Brandon Clark adds, …