FHMAX Holdings — Federated Hermes Conservative Municipal Microshort Fund
Data updated: 2026-07-27
FHMAX holds 156 securities. The top 10 make up 25.8% of net assets, led by La Lasfac 08/01/2043 (4.19%) and Development Authority of Appling County (3.50%). 99.8% of the portfolio is in United States. Debt holdings: 156 positions, 99.1% of assets.
Holdings cover 99.78% of net asset value (99.07% of total assets; remainder is cash and receivables). As of May 31, 2026 · N-PORT.
FHMAX Portfolio Holdings
156 holdings of Federated Hermes Conservative Municipal Microshort Fund by percentage of net assets, from the fund's SEC N-PORT filing as of May 31, 2026. The 100 largest are listed below; the interactive table on this page lists all 156.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| La Lasfac 08/01/2043 | — | Municipal Bonds | 4.19% | $20.40M |
| Development Authority of Appling County | — | Municipal Bonds | 3.50% | $17.03M |
| Tx Ppatrn 11/01/2040 | — | Municipal Bonds | 2.88% | $14.00M |
| County of Liberty FL | — | Municipal Bonds | 2.65% | $12.90M |
| JPMorgan Chase Putters/Drivers Trust | — | Municipal Bonds | 2.55% | $12.40M |
| Kentucky Economic Development Finance Authority | — | Municipal Bonds | 2.47% | $12.00M |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority | — | Municipal Bonds | 2.05% | $9.99M |
| Nuveen California AMT-Free Quality Municipal Income Fund | — | Municipal Bonds | 1.95% | $9.50M |
| Mizuho Floater/Residual Trust | — | Municipal Bonds | 1.85% | $9.00M |
| Chattanooga Health Educational & Housing Facility Board | — | Municipal Bonds | 1.74% | $8.46M |
| Ca Tengen 10/01/2050 | — | Municipal Bonds | 1.46% | $7.10M |
| California Municipal Finance Authority | — | Municipal Bonds | 1.44% | $7.02M |
| Nuveen AMT-Free Quality Municipal Income Fund | — | Municipal Bonds | 1.44% | $7.00M |
| JPMorgan Chase Putters/Drivers Trust | — | Municipal Bonds | 1.44% | $7.00M |
| Mizuho Floater/Residual Trust | — | Municipal Bonds | 1.41% | $6.84M |
| JPMorgan Chase Putters/Drivers Trust | — | Municipal Bonds | 1.23% | $6.00M |
| Mizuho Floater/Residual Trust | — | Municipal Bonds | 1.23% | $6.00M |
| Nuveen New York AMT-Free Quality Municipal Income Fund | — | Municipal Bonds | 1.23% | $6.00M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 1.19% | $5.79M |
| Illinois Finance Authority | — | Municipal Bonds | 1.14% | $5.57M |
| Wayne County Airport Authority | — | Municipal Bonds | 1.09% | $5.30M |
| New Hope Cultural Education Facilities Finance Corp | — | Municipal Bonds | 1.07% | $5.20M |
| Garfield County Industrial Authority | — | Municipal Bonds | 1.05% | $5.10M |
| Miami-Dade County Industrial Development Authority | — | Municipal Bonds | 1.03% | $5.00M |
| Nh Jpm 05/28/2028 | — | Municipal Bonds | 1.03% | $5.00M |
| City of New York NY | — | Municipal Bonds | 1.03% | $5.00M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 1.03% | $5.00M |
| Wayne County Airport Authority | — | Municipal Bonds | 0.99% | $4.84M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 0.95% | $4.60M |
| JPMorgan Chase Putters/Drivers Trust | — | Municipal Bonds | 0.95% | $4.60M |
| West Virginia Economic Development Authority | — | Municipal Bonds | 0.93% | $4.50M |
| California Municipal Finance Authority | — | Municipal Bonds | 0.92% | $4.50M |
| Chicago O'Hare International Airport | — | Municipal Bonds | 0.83% | $4.05M |
| Pennsylvania Economic Development Financing Authority | — | Municipal Bonds | 0.82% | $4.01M |
| Industrial Development Authority of the City of Phoenix Arizona/The | — | Municipal Bonds | 0.82% | $4.00M |
| Nuveen New York AMT-Free Quality Municipal Income Fund | — | Municipal Bonds | 0.80% | $3.90M |
| Ga Burpol 11/01/2052 | — | Municipal Bonds | 0.78% | $3.80M |
| Development Authority of Appling County | — | Municipal Bonds | 0.76% | $3.70M |
| Township of Riverside NJ | — | Municipal Bonds | 0.74% | $3.62M |
| Indiana Finance Authority | — | Municipal Bonds | 0.72% | $3.50M |
| California Pollution Control Financing Authority | — | Municipal Bonds | 0.72% | $3.50M |
| Tx Pccpol 01/01/2030 | — | Municipal Bonds | 0.70% | $3.40M |
| Public Building Authority of Blount County Tennessee/The | — | Municipal Bonds | 0.69% | $3.38M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 0.67% | $3.26M |
| California Municipal Finance Authority | — | Municipal Bonds | 0.67% | $3.25M |
| McMinnville-Warren County Industrial Development Board | — | Municipal Bonds | 0.65% | $3.17M |
| Oklahoma Hsg Fin AG 3.35 | — | Municipal Bonds | 0.65% | $3.16M |
| Bartow County Development Authority | — | Municipal Bonds | 0.64% | $3.10M |
| Township of Winslow NJ | — | Municipal Bonds | 0.63% | $3.04M |
| Borough of Sussex NJ | — | Municipal Bonds | 0.62% | $3.01M |
| City of Yonkers NY | — | Municipal Bonds | 0.62% | $3.00M |
| Watertown Enlarged City School District | — | Municipal Bonds | 0.62% | $3.00M |
| Mount Morris Central School District | — | Municipal Bonds | 0.62% | $3.00M |
| New Jersey Higher Education Student Assistance Authority | — | Municipal Bonds | 0.62% | $3.00M |
| Crown Point Central School District | — | Municipal Bonds | 0.57% | $2.76M |
| Pennsylvania Economic Development Financing Authority | — | Municipal Bonds | 0.57% | $2.75M |
| Warsaw Central School District/NY | — | Municipal Bonds | 0.56% | $2.70M |
| Dutchess County Water & Wastewater Authority | — | Municipal Bonds | 0.56% | $2.70M |
| Town of Kearny NJ | — | Municipal Bonds | 0.55% | $2.68M |
| Borough of West Wildwood NJ | — | Municipal Bonds | 0.55% | $2.65M |
| Lowville Academy Central School District | — | Municipal Bonds | 0.55% | $2.65M |
| City of Newark OH | — | Municipal Bonds | 0.53% | $2.56M |
| City of Houston TX Airport System Revenue | — | Municipal Bonds | 0.51% | $2.50M |
| Oxford Academy & Central School District | — | Municipal Bonds | 0.51% | $2.50M |
| Ny Nycutl 06/15/2044 | — | Municipal Bonds | 0.49% | $2.40M |
| Columbia Industrial Development Board | — | Municipal Bonds | 0.47% | $2.30M |
| Nuveen AMT-Free Quality Municipal Income Fund | — | Municipal Bonds | 0.47% | $2.30M |
| Ky Loutrn 01/01/2029 | — | Municipal Bonds | 0.47% | $2.30M |
| Bolivar-Richburg Central School District | — | Municipal Bonds | 0.47% | $2.29M |
| Borough of Dunellen NJ | — | Municipal Bonds | 0.46% | $2.26M |
| Polk County Housing Finance Authority | — | Municipal Bonds | 0.46% | $2.25M |
| Hertford County Industrial Facilities & Pollution Control Financing Authority | — | Municipal Bonds | 0.45% | $2.20M |
| City of Blytheville AR | — | Municipal Bonds | 0.44% | $2.15M |
| Port of Port Arthur Navigation District | — | Municipal Bonds | 0.44% | $2.15M |
| Health Educational and Housing Facility Board of the City of Memphis/the | — | Municipal Bonds | 0.44% | $2.14M |
| City of Lowell AR | — | Municipal Bonds | 0.44% | $2.13M |
| Florida Housing Finance Corp | — | Municipal Bonds | 0.43% | $2.10M |
| Charlotte-Mecklenburg Hospital Authority/The | — | Municipal Bonds | 0.43% | $2.10M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 0.43% | $2.10M |
| Borough of Barnegat Light NJ | — | Municipal Bonds | 0.42% | $2.06M |
| State of Illinois | — | Municipal Bonds | 0.42% | $2.04M |
| City of Broadview Heights OH | — | Municipal Bonds | 0.41% | $2.01M |
| Borough of Netcong NJ | — | Municipal Bonds | 0.41% | $2.00M |
| Oakfield-Alabama Central School District | — | Municipal Bonds | 0.41% | $2.00M |
| Development Authority of Heard County | — | Municipal Bonds | 0.41% | $2.00M |
| California Municipal Finance Authority | — | Municipal Bonds | 0.41% | $2.00M |
| Tender Option Bond Trust Receipts/Certificates | — | Municipal Bonds | 0.41% | $2.00M |
| City of St Louis MO Airport Revenue | — | Municipal Bonds | 0.40% | $1.95M |
| West Virginia Housing Development Fund | — | Municipal Bonds | 0.40% | $1.95M |
| Township of Robbinsville NJ | — | Municipal Bonds | 0.40% | $1.94M |
| City of Absecon NJ | — | Municipal Bonds | 0.39% | $1.90M |
| Township of Roxbury NJ | — | Municipal Bonds | 0.39% | $1.89M |
| Township of Little Falls NJ | — | Municipal Bonds | 0.39% | $1.89M |
| Morristown Central School District | — | Municipal Bonds | 0.38% | $1.84M |
| Westmoreland Central School District | — | Municipal Bonds | 0.38% | $1.84M |
| Montana Board of Housing | — | Municipal Bonds | 0.38% | $1.82M |
| Township of Lopatcong NJ | — | Municipal Bonds | 0.37% | $1.82M |
| Borough of River Edge NJ | — | Municipal Bonds | 0.37% | $1.79M |
| Black Belt Energy Gas District | — | Municipal Bonds | 0.37% | $1.79M |
| Township of Hanover NJ | — | Municipal Bonds | 0.36% | $1.74M |
FHMAX Sector Allocation
Federated Hermes Conservative Municipal Microshort Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Municipal Bonds | 100.0% | 156 |
FHMAX Country Allocation
Where Federated Hermes Conservative Municipal Microshort Fund's holdings are domiciled, by percentage of net assets (largest 1).
| Country | % of net assets |
|---|---|
| United States | 99.8% |
FHMAX Portfolio Allocation
Asset-class allocation of Federated Hermes Conservative Municipal Microshort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.8% |
FHMAX Debt Constituents
Largest debt holdings of Federated Hermes Conservative Municipal Microshort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Louisiana Pub Facs Auth | 4.19% |
| Appling Cnty Ga Dev Auth | 3.50% |
| Port Port Arthur Navigation District (tx) | 2.88% |
| Liberty Cnty Fl Indl Dev Revenue | 2.65% |
| JP Morgan Chase Putters | 2.55% |
| Kentucky St Econ Dev Fin Auth | 2.47% |
| Cumberland County Finance Corp. (nc) | 2.05% |
| Nuveen California Amt-Free Quality Municipal Income Fund | 1.95% |
| Mizuho Floater/residual Trust Various States | 1.85% |
| Chattanooga Tn Hlth Eductnl & Hsg Fac Brd Revenue | 1.74% |
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.