FHCBX Fees and Costs — Federated Hermes Conservative Microshort Fund
Data updated: 2026-07-27
The net expense ratio is 0.40%: a 0.25% management fee, a 0.15% 12b-1 fee plus 0.25% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 26%.
FHCBX Fees and Expenses
Annual operating expenses and sales charges of FHCBX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FHCBX Costs Over Time
On $10,000 invested in FHCBX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
FHCBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.3B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
FHCBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MUFG Securities Americas Inc. | $1.6B | 17.23% |
| Scotia Capital (USA) Inc. | $1.3B | 14.30% |
| ING Financial Markets LLC | $1.2B | 13.12% |
| Standard Chartered Securities (North America) LLC | $1.2B | 12.73% |
| BNP Paribas Securities Corp. | $1.1B | 12.36% |
| SG Americas Securities, LLC | $1.0B | 10.99% |
| BofA Securities, Inc. | $976.8M | 10.57% |
| SMBC Nikko Securities America, Inc. | $733.4M | 7.93% |
| Citigroup Global Markets Inc. | $46.9M | 0.51% |
| J.P. Morgan Securities LLC | $24.2M | 0.26% |
Federated Hermes Conservative Microshort Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FHCOX | Institutional Shares | 0.25% | none |
| FHCBX | C000224642 | 0.40% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.