Federated Hermes Cnsrvtv Mncpl Mcsht A (FHMAX)
| Fund Assets | 386.36M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,500 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 2.00% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 10.00 |
| YTD Return | 0.72% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.94 |
| 52-Week High | 10.03 |
| Beta (5Y) | n/a |
| Holdings | 119 |
| 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.
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
27.58% of assets| Name | Symbol | Weight |
|---|---|---|
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES - JPMorgan Chase Putters/Drivers Trust | OT.JPM 06.01.2027 | 4.34% |
| NUVEEN CA AMT-FREE QUALITY MUNI INCOME FUND - Nuveen California AMT-Free Quality Municipal Income Fund | CA.NKXGEN 10.01.2047 | 3.63% |
| PORT OF PORT ARTHUR TX NAV DIST - Port of Port Arthur Navigation District | TX.PPATRN 11.01.2040 | 2.95% |
| MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES - Mizuho Floater/Residual Trust | CA.TENGEN 12.01.2046 | 2.75% |
| DEUTSCHE BK SPEARS/LIFERS TRVAR STS - Deutsche Bank Spears/Lifers Trust | NY.DEU 11.01.2044 | 2.73% |
| LOUISVILLE & JEFFERSON CNTY KY MET GOVT ENVRNMNTL FACS - Louisville/Jefferson County Metropolitan Government | KY.LOUENV 06.01.2033 | 2.53% |
| Nuveen AMT-Free Quality Municipal Income Fund | OT.NEAGEN 03.01.2029 | 2.37% |
| TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES - Tender Option Bond Trust Receipts/Certificates | IL.TENGEN 07.01.2027 | 2.21% |
| NUVEEN NY AMT FREE QUALITY MUNI INCOME FUND - Nuveen New York AMT-Free Quality Municipal Income Fund | NY.NRKGEN 05.01.2047 | 2.08% |
| LOUDOUN CNTY VA INDL DEV AUTH REVENUE - Loudoun County Economic Development Authority | VA.LDNDEV 02.15.2038 | 2.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02326 | Jun 30, 2025 |
| May 30, 2025 | $0.0233 | May 30, 2025 |
| Apr 30, 2025 | $0.02882 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0258 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02246 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02242 | Jan 31, 2025 |