Federated Hermes Conservative Muni Microshort IS (FHMIX)
10.00
-0.01
(-0.10%)
USD |
Mar 20 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.25% | 428.38M | -- | 60.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 55.64M | 2.93% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income consistent with preservation of capital with an emphasis on maintaining liquidity on a tax-exempt basis. It will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments the income from which is exempt from federal regular income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
86
-146.62M
Peer Group Low
117.12M
Peer Group High
1 Year
% Rank:
40
55.64M
-424.89M
Peer Group Low
2.582B
Peer Group High
3 Months
% Rank:
96
-110.17M
Peer Group Low
701.08M
Peer Group High
3 Years
% Rank:
13
-2.595B
Peer Group Low
3.299B
Peer Group High
6 Months
% Rank:
98
-186.49M
Peer Group Low
1.689B
Peer Group High
5 Years
% Rank:
13
-7.029B
Peer Group Low
4.419B
Peer Group High
YTD
% Rank:
83
-236.11M
Peer Group Low
535.58M
Peer Group High
10 Years
% Rank:
25
-4.612B
Peer Group Low
5.907B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 23, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 94.85% |
| Convertible | 0.00% |
| Preferred | 4.52% |
| Other | 0.63% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| NUVEEN AMT-FREE QUALITY MUN INCOME FD MA 0.000 03/01/2029 | 4.52% | -- | -- |
| NUVEEN CALIF AMT FREE QUALITY MUNICIPAL INCOME FD 12/31/2099 | 4.03% | -- | -- |
| NUVEEN NEW YORK AMT-FREE QUALITY MUN INCOME FD 05/01/2047 | 3.27% | -- | -- |
| J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 03/20/2027 | 3.05% | -- | -- |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.160 11/01/2040 | 2.98% | -- | -- |
| 12/01/2052 | 2.21% | -- | -- |
| PORT SEATTLE WASH REV WA 2.340 07/01/2033 | 2.20% | -- | -- |
| CHATTANOOGA TENN HEALTH EDL & HSG FAC BRD REV TN 2.380 05/01/2039 | 2.08% | 100.00 | 0.00% |
| KENTUCKY ECONOMIC DEV FIN AUTH REV KY 2.670 05/01/2034 | 1.96% | -- | -- |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 2.800 11/01/2040 | 1.94% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.07% |
| Administration Fee | 223.6K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income consistent with preservation of capital with an emphasis on maintaining liquidity on a tax-exempt basis. It will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments the income from which is exempt from federal regular income tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Federated Hermes |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (3-19-26) | 2.94% |
| 30-Day SEC Yield (2-28-26) | 2.50% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 132 |
| Bond | |
| Yield to Maturity (12-31-25) | 1.18% |
| Effective Duration | 0.29 |
| Average Coupon | 3.68% |
| Calculated Average Quality | 2.738 |
| Effective Maturity | 7.008 |
| Nominal Maturity | 9.439 |
| Number of Bond Holdings | 126 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 2/3/2021 |
| Share Classes | |
| FHMAX | A |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FHMIX", "name") |
| Broad Asset Class: =YCI("M:FHMIX", "broad_asset_class") |
| Broad Category: =YCI("M:FHMIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FHMIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |