FHMIX — Federated Hermes Conservative Municipal Microshort Fund
Data updated: 2026-07-27
FHMIX — Federated Hermes Conservative Municipal Microshort Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Municipal - National Bond · $486.34M AUM · 0.25% expense ratio · 2.8% 1-yr return. From SEC regulatory filings.
FHMIX Fund Overview
FHMIX — Federated Hermes Conservative Municipal Microshort Fund is a US mutual fund managed by Federated Hermes Adviser Series, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Adviser Series
- Category: Intermediate Municipal - National Bond
- Assets under management: $486.34M
- 1-year return: 2.8%
- Ticker: FHMIX
- SEC CIK: 0001707560
- SEC series ID: S000070657
- Share class ID: C000224643
FHMIX Holdings
Top 10 holdings of Federated Hermes Conservative Municipal Microshort Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| 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 New York Amt-Free Mun Income Fd | 2.04% |
| Nuveen California Amt-Free Quality Municipal Income Fund | 2.02% |
| Nuveen Amt-Free Quality Municipal Income Fund | 1.91% |
FHMIX 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% |
FHMIX Performance
Total returns for FHMIX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.1% |
| 1 year | 2.8% |
| 3 years (annualised) | 3.4% |
| 5 years (annualised) | 2.6% |
FHMIX Risk Information
Risk metrics for FHMIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.2%
FHMIX Costs and Fees
FHMIX costs about $25 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.25%
- Gross expense ratio: 0.43%
- Portfolio turnover: 60%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FHMIX Cashflows
Over the 12 months to 2026-02, Federated Hermes Conservative Municipal Microshort Fund had net inflows of $67.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$15.34M |
| 2026-01 | $2.72M |
| 2025-12 | −$16.06M |
| 2025-11 | −$17.45M |
| 2025-10 | −$20.53M |
| 2025-09 | −$5.65M |
FHMIX 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 New York Amt-Free Mun Income Fd | 2.04% |
| Nuveen California Amt-Free Quality Municipal Income Fund | 2.02% |
| Nuveen Amt-Free Quality Municipal Income Fund | 1.91% |
FHMIX Prospectus and SEC Filings
Official Federated Hermes Conservative Municipal Microshort Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.