Morningstar

Federated Hermes Conservative Municipal Microshort Fund Institutional Shares FHMIX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $9.99  /  0.00
  • Fund Size $632.2M
  • Adjusted Expense Ratio 0.250%
  • Net Expense Ratio 0.250%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 2.73%
  • Average Effective Duration 0.23 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FHMIX

Will FHMIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FHMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Cnsrvtv Mncpl Mcsht Ins holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FHMIX

More FHMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 3.07%

4.02 22M
municipal

LOUISIANA PUB FACS AUTH REV 3.15%

3.69 20M
municipal

APPLING CNTY GA DEV AUTH POLLUTN CTL REV 3%

3.08 17M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 3.05%

2.53 14M
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.93%

2.53 14M
municipal

LIBERTY CNTY FLA INDL DEV REV 2.8%

2.33 13M
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 3.27%

2.24 12M
municipal

KENTUCKY ECONOMIC DEV FIN AUTH REV 2.65%

2.17 12M
municipal

CUMBERLAND CNTY N C INDL FACS & POLLUTN CTL FING AUTH SOLID WASTE DISP REV

1.81 10M
municipal

NUVEEN NEW YORK AMT-FREE QUALITY MUN INCOME FD 3.12%

1.79 10M
municipal

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