Federated Hermes Cnsrvtv Mncpl Mcsht A (FHMAX)
| Fund Assets | 548.09M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,500 |
| Turnover | 60.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.63% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.00 |
| YTD Return | 0.86% |
| 1-Year Return | 1.55% |
| 5-Year Return | n/a |
| 52-Week Low | 10.00 |
| 52-Week High | 10.01 |
| Beta (5Y) | n/a |
| Holdings | 138 |
| 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 1.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.01%.
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
22.91% of assets| Name | Symbol | Weight |
|---|---|---|
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES - JPMorgan Chase Putters/Drivers Trust | OT.JPM 06.01.2027 | 3.14% |
| PORT OF PORT ARTHUR TX NAV DIST - Port of Port Arthur Navigation District | TX.PPATRN 11.01.2040 | 3.08% |
| NUVEEN CA A 10/47 1 - Nuveen California AMT-Free Quality Municipal Income Fund | CA.NKXGEN 10.01.2047 | 2.41% |
| MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES - Mizuho Floater/Residual Trust | CA.TENGEN 12.01.2046 | 2.28% |
| WALKER CNTY AL ECON & INDL DEV AUTH SOL WST DISP REVENUE - Walker County Economic & Industrial Development Authority | AL.WALPOL 08.01.2063 | 2.28% |
| CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD REVENUE - Chattanooga Health Educational & Housing Facility Board | n/a | 2.14% |
| KENTUCKY ST ECON DEV FIN AUTH - Kentucky Economic Development Finance Authority | KY.KYSDEV 05.01.2034 | 2.03% |
| PORT OF PORT ARTHUR TX NAV DIST - Port of Port Arthur Navigation District | TX.PPATRN 11.01.2040 | 2.00% |
| CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE - California Municipal Finance Authority | CA.CASPOL 12.01.2044 | 1.78% |
| JP MORGAN CHASE PUTTERS/DRIVERS TRUST VARIOUS STATES - JPMorgan Chase Putters/Drivers Trust | OT.JPM 11.04.2028 | 1.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02093 | Jun 30, 2026 |
| May 29, 2026 | $0.01993 | May 29, 2026 |
| Apr 30, 2026 | $0.02384 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02065 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02065 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01891 | Jan 30, 2026 |