Federated Hermes Conservative Microshort Fund (FHCOX)
The fund aims to invest in investment-grade fixed-income securities including commercial paper, certificates of deposit, and corporate debt securities. Up to 15% of the fund's assets may be allocated to BBB-rated securities or those with comparable quality for short-term maturities.
Fund Info
| Issuer | Federated |
|---|---|
| Inception Date | Feb 2, 2021 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
FHCOX has an expense ratio of 0.05% which is considered to be low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Conservative Microshort Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Conservative Microshort Fund had a return of 2.41% year-to-date (YTD) and 5.98% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.41% | 8.76% |
| 1 month | 0.57% | -0.32% |
| 6 months | 3.01% | 18.48% |
| 1 year | 5.98% | 25.36% |
| 5 years (annualized) | N/A | 12.60% |
| 10 years (annualized) | N/A | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.98% | 0.36% | 0.10% | 0.95% | ||||||||
| 2023 | 0.94% | 0.48% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FHCOX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FHCOX (Federated Hermes Conservative Microshort Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Conservative Microshort Fund (FHCOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Conservative Microshort Fund granted a 5.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.55 | $0.50 | $0.17 | $0.03 |
Dividend yield | 5.49% | 5.04% | 1.73% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Conservative Microshort Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | ||||||||
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Conservative Microshort Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Conservative Microshort Fund was 0.57%, occurring on Apr 29, 2022. Recovery took 89 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.57% | Sep 16, 2021 | 158 | Apr 29, 2022 | 89 | Sep 2, 2022 | 247 |
| -0.2% | Sep 6, 2022 | 9 | Sep 16, 2022 | 10 | Sep 30, 2022 | 19 |
| -0.1% | Jul 20, 2023 | 1 | Jul 20, 2023 | 2 | Jul 24, 2023 | 3 |
| -0.1% | Feb 13, 2024 | 1 | Feb 13, 2024 | 11 | Feb 29, 2024 | 12 |
| -0.1% | Oct 12, 2023 | 1 | Oct 12, 2023 | 6 | Oct 20, 2023 | 7 |
Volatility
Volatility Chart
The current Federated Hermes Conservative Microshort Fund volatility is 0.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.