FHMIX Performance — Federated Hermes Conservative Municipal Microshort Fund, Institutional Shares
Data updated: 2026-07-27
FHMIX returned +1.10% year to date and +2.85% over one year to May 2026. Annualised returns are +3.36% over 3 years and +2.59% over 5 years. Against its Ultrashort Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $110, against $110 for the category, and to $103 over one year, against $103. Volatility over the past three years was 0.21% a year. In the 12 months to May 2026 the fund took in a net $100.0M, and assets reached $486.34M.
FHMIX Growth of $100
What $100 invested in Federated Hermes Conservative Municipal Microshort Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | FHMIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $103 | $103 |
| 3 years (Jun 2023 – May 2026) | $110 | $110 |
| 5 years (Jun 2021 – May 2026) | $114 | $108 |
| Since data start (Dec 2020 – May 2026) | $114 | $109 |
FHMIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.10% |
| 1 year | +2.85% |
| 3 years (annualised) | +3.36% |
| 5 years (annualised) | +2.59% |
FHMIX Annual Returns
Calendar-year total returns of Federated Hermes Conservative Municipal Microshort Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.10% |
| 2025 | +3.05% |
| 2024 | +3.64% |
| 2023 | +3.65% |
| 2022 | +1.38% |
| 2021 | +0.24% |
| 2020 (Dec–Dec) | 0.00% |
FHMIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +0.2% | +0.1% | +0.2% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +0.3% | +0.2% | +0.3% | +0.2% | +0.2% | +0.3% | +0.2% | +0.1% | +0.2% | +0.2% | +0.3% |
| 2024 | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.4% | +0.3% | +0.3% | +0.2% | +0.4% | +0.2% |
| 2023 | +0.2% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% | +0.3% |
| 2022 | 0.0% | 0.0% | 0.0% | +0.1% | +0.1% | +0.1% | +0.1% | +0.2% | +0.1% | +0.2% | +0.2% | +0.3% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | 0.0% |
FHMIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.21%
- Best month: +0.39% (Jul 2024)
- Worst month: +0.12% (Mar 2026)
FHMIX Fund Flows
Monthly money in and out of Federated Hermes Conservative Municipal Microshort Fund, from SEC Form N-PORT.
- 12-month net flow: $100.0M
- 12-month gross sales (incl. reinvestments): $484.0M
- Sales ÷ redemptions: 1.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $85.4M | $25.3M | $60.1M |
| Apr 2026 | $23.3M | $40.2M | −$17.0M |
| Mar 2026 | $67.9M | $19.1M | $48.8M |
| Feb 2026 | $31.0M | $46.3M | −$15.3M |
| Jan 2026 | $29.8M | $27.1M | $2.7M |
| Dec 2025 | $30.4M | $46.4M | −$16.1M |
| Nov 2025 | $11.2M | $28.7M | −$17.4M |
| Oct 2025 | $10.6M | $31.1M | −$20.5M |
| Sep 2025 | $31.3M | $37.0M | −$5.7M |
| Aug 2025 | $19.9M | $29.2M | −$9.3M |
| Jul 2025 | $46.5M | $23.2M | $23.3M |
| Jun 2025 | $96.7M | $30.3M | $66.4M |
FHMIX Assets Under Management
Net assets of Federated Hermes Conservative Municipal Microshort Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $486.34M |
| 2026-02-28 | $394.83M |
| 2025-11-30 | $423.24M |
| 2025-08-31 | $467.06M |
| 2025-05-31 | $386.36M |
| 2025-02-28 | $327.50M |
| 2024-11-30 | $256.62M |
| 2024-08-31 | $239.02M |
| 2024-05-31 | $249.87M |
| 2024-02-29 | $208.13M |
| 2023-11-30 | $179.73M |
| 2023-08-31 | $174.89M |
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.