Federated Hermes Cnsrvtv Mncpl Mcsht A (FHMAX)
| Fund Assets | 410.18M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,500 |
| Turnover | 60.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.80% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.01 |
| YTD Return | 0.29% |
| 1-Year Return | 2.95% |
| 5-Year Return | n/a |
| 52-Week Low | 9.72 |
| 52-Week High | 10.01 |
| Beta (5Y) | n/a |
| Holdings | 149 |
| Inception Date | n/a |
About FHMAX
FH Conservative Municipal Microshare - Class A is a mutual fund that focuses on delivering current income while prioritizing the preservation of capital and liquidity, with an emphasis on tax-exempt income. Managed by Federated Hermes, this fund primarily invests in high-quality, short-duration municipal securities. Its portfolio is constructed to ensure that most of the interest income distributed to investors is exempt from federal regular income tax, which appeals to those seeking tax-efficient income solutions. The fund’s Class A shares commenced operations in October 2024 and are managed in the same portfolio as its institutional counterpart, differing mostly in expense structure. With a strategy centered around conservative credit quality and minimal interest rate sensitivity, the fund appeals to investors looking for stability and lower risk within the municipal bond market. It also plays a significant role in the broader fixed-income market by providing liquidity and short-term capital management solutions for tax-sensitive investors, including individuals, corporations, and institutions.
Performance
FHMAX had a total return of 2.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.78%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FHMIX | Institutional Shares | 0.25% |
Top 10 Holdings
24.08% of assets| Name | Symbol | Weight |
|---|---|---|
| NUVEEN CA AMT-FREE QUALITY MUN - Nuveen California AMT-Free Quality Municipal Income Fund | CA.NKXGEN 10.01.2047 | 3.45% |
| JP MORGAN CHASE PUTTERS/DRIVER - JPMorgan Chase Putters/Drivers Trust | OT.JPM 06.01.2027 | 3.32% |
| PORT OF PORT ARTHUR TX NAV DIS - Port of Port Arthur Navigation District | TX.PPATRN 11.01.2040 | 2.60% |
| Nuveen AMT-Free Quality Municipal Income Fund | OT.NEAGEN 03.01.2029 | 2.44% |
| City of New York NY | NY.NYC 04.01.2036 | 2.31% |
| PORT OF SEATTLE WA REVENUE - Port of Seattle WA | WA.PTSGEN 07.01.2033 | 2.14% |
| NUVEEN NY AMT FREE QUALITY MUN - Nuveen New York AMT-Free Quality Municipal Income Fund | NY.NRKGEN 05.01.2047 | 2.01% |
| BARTOW CNTY GA DEV AUTH SOLID WASTE DISP FAC REVENUE - Bartow County Development Authority | GA.BTWPOL 11.01.2062 | 1.99% |
| MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES - Mizuho Floater/Residual Trust | CA.TENGEN 12.01.2046 | 1.93% |
| DEUTSCHE BK SPEARS/LIFERS TR - Deutsche Bank Spears/Lifers Trust | NY.DEU 11.01.2044 | 1.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01891 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02447 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02363 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02339 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02368 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0221 | Aug 29, 2025 |