Federated Hermes Cnsrvtv Mncpl Mcsht A (FHMAX)

Fund Assets	623.94M
Expense Ratio	0.41%
Min. Investment	$1,500
Turnover	60.00%
Dividend (ttm)	0.26
Dividend Yield	2.58%
Dividend Growth	n/a
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.98
YTD Return	1.27%
1-Year Return	1.52%
5-Year Return	n/a
52-Week Low	9.97
52-Week High	10.01
Beta (5Y)	n/a
Holdings	156
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.

• Fund Family: Federated
• Category: Muni National Short
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: FHMAX
• Share Class: Class A Shares

Performance

FHMAX had a total return of 1.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.94%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02246	Sep 30, 2026
Aug 31, 2026	$0.01872	Aug 31, 2026
Jul 31, 2026	$0.01978	Jul 31, 2026
Jun 30, 2026	$0.02093	Jun 30, 2026
May 29, 2026	$0.01993	May 29, 2026
Apr 30, 2026	$0.02384	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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