FMUSX — Federated Hermes Municipal Ultrashort Fund
Data updated: 2026-05-22
FMUSX — Federated Hermes Municipal Ultrashort Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.51B AUM · 0.36% expense ratio · 3.2% 1-yr return. From SEC regulatory filings.
FMUSX Fund Overview
FMUSX — Federated Hermes Municipal Ultrashort Fund is a US mutual fund managed by Federated Hermes Fixed Income Securities, Inc., categorised as Long 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 Fixed Income Securities, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $1.51B
- 1-year return: 3.2%
- Ticker: FMUSX
- SEC CIK: 0000879569
- SEC series ID: S000009738
- Share class ID: C000026756
FMUSX Holdings
Top 10 holdings of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 3.64% |
| Bartow Cnty Ga Dev Auth Solidwaste Disp Fac Revenue | 2.29% |
| Nuveen Amt-Free Mun Cr Income Fd | 1.73% |
| Black Belt Energy Gas Dist Ala | 1.68% |
| Nuveen Amt-Free Quality Municipal Income Fund | 1.66% |
| Mobile Industrial Development Board (al) | 1.66% |
| Nuveen Ca A 10/47 1 | 1.54% |
| New York N Y City Transitional Fin Auth | 1.40% |
| Tender Option Bond Trust | 1.40% |
| Ector Cnty Tex Indpt Sch Dist | 1.34% |
FMUSX Portfolio Allocation
Asset-class allocation of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.5% |
FMUSX Performance
Total returns for FMUSX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.7% |
| 1 year | 3.2% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 2.3% |
FMUSX Risk Information
Risk metrics for FMUSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.5%
FMUSX Costs and Fees
FMUSX costs about $36 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.36%
- Gross expense ratio: 0.45%
- Portfolio turnover: 47%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FMUSX Cashflows
Over the 12 months to 2026-03, Federated Hermes Municipal Ultrashort Fund had net inflows of $309.33M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $19.26M |
| 2026-02 | $75.86M |
| 2026-01 | $20.20M |
| 2025-12 | $46.44M |
| 2025-11 | $115.04K |
| 2025-10 | −$2.14M |
FMUSX Debt Constituents
Largest debt holdings of Federated Hermes Municipal Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Tender Opt Bd Tr Rcpts / Ctfs Var Sts | 3.64% |
| Bartow Cnty Ga Dev Auth Solidwaste Disp Fac Revenue | 2.29% |
| Nuveen Amt-Free Mun Cr Income Fd | 1.73% |
| Black Belt Energy Gas Dist Ala | 1.68% |
| Nuveen Amt-Free Quality Municipal Income Fund | 1.66% |
| Mobile Industrial Development Board (al) | 1.66% |
| Nuveen Ca A 10/47 1 | 1.54% |
| New York N Y City Transitional Fin Auth | 1.40% |
| Tender Option Bond Trust | 1.40% |
| Ector Cnty Tex Indpt Sch Dist | 1.34% |
FMUSX Prospectus and SEC Filings
Official Federated Hermes Municipal Ultrashort Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long 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.