Federated Hermes Conservative Municipal Microshort Fund (FHMIX)
The fund aims to invest in securities rated investment grade to generate income exempt from federal regular income tax, with at least 80% of assets allocated to such investments.
Fund Info
Feb 2, 2021
$1,000,000
Expense Ratio
FHMIX has an expense ratio of 0.05%, which is considered low compared to other funds.
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 Municipal 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 Municipal Microshort Fund had a return of 0.24% year-to-date (YTD) and 3.60% in the last 12 months.
FHMIX
0.24%
0.24%
1.62%
3.60%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FHMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.24% | 0.24% | |||||||||||
| 2024 | 0.62% | 0.30% | 0.00% | 0.63% | 0.31% | 0.00% | 0.70% | 0.00% | 0.61% | 0.20% | 0.38% | 0.18% | 3.99% |
| 2023 | 0.51% | 0.27% | 0.28% | 0.00% | 0.58% | 0.32% | 0.30% | 0.32% | 0.00% | 0.66% | 0.33% | 0.00% | 3.61% |
| 2022 | 0.02% | 0.02% | 0.03% | 0.00% | 0.12% | 0.08% | 0.00% | 0.26% | 0.15% | 0.22% | 0.20% | 0.00% | 1.10% |
| 2021 | 0.00% | 0.04% | 0.03% | 0.00% | 0.05% | 0.00% | 0.04% | 0.02% | 0.00% | 0.04% | 0.02% | 0.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, FHMIX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Conservative Municipal Microshort Fund (FHMIX) 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 Municipal Microshort Fund provided a 3.53% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.36 | $0.14 | $0.02 |
Dividend yield | 3.53% | 3.59% | 3.59% | 1.37% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Conservative Municipal 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Conservative Municipal 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 Municipal Microshort Fund was 0.10%, occurring on Oct 7, 2024. Recovery took 18 trading sessions.
The current Federated Hermes Conservative Municipal Microshort Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.1% | Oct 7, 2024 | 1 | Oct 7, 2024 | 18 | Oct 31, 2024 | 19 |
| -0.1% | Oct 1, 2024 | 1 | Oct 1, 2024 | 3 | Oct 4, 2024 | 4 |
| -0.1% | Dec 18, 2023 | 1 | Dec 18, 2023 | 10 | Jan 2, 2024 | 11 |
| -0.1% | Feb 12, 2025 | 1 | Feb 12, 2025 | — | — | — |
| -0.1% | Jul 24, 2024 | 1 | Jul 24, 2024 | 2 | Jul 26, 2024 | 3 |
Volatility
Volatility Chart
The current Federated Hermes Conservative Municipal Microshort Fund volatility is 0.28%, 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.