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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Conservative Microshort Fund

FHCBX | Fund

$10.01

$287 M

0.00%

0.65%

Vitals

YTD Return

1.1%

1 yr return

4.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$287 M

Holdings in Top 10

32.7%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Conservative Microshort Fund

FHCBX | Fund

$10.01

$287 M

0.00%

0.65%

FHCBX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Conservative Microshort Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Feb 03, 2021
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to invest all of its assets in investment-grade, fixed-income securities (or unrated securities of comparable quality), including but not limited to repurchase agreements, commercial paper, certificates of deposit, asset-backed securities and corporate debt securities. The Fund is not a money market fund; is not subject to the special regulatory requirements and risk limiting conditions (including maturity, liquidity and credit quality constraints) applicable to money market funds; and does not qualify for special money market fund tax accounting methods under certain Treasury regulations. Within investment-grade securities, the Fund may invest up to 15% of its assets in BBB rated, fixed-income securities or, with respect to securities maturing in 397 days or less, securities with short-term ratings of comparable credit quality to BBB (i.e., A-3 or P-3 ratings). The Fund’s investment adviser (the “Adviser”) actively manages the Fund’s portfolio, seeking to buy securities to further its investment objective and to sell a security when, in the view of the Adviser, it is no longer attractive in furthering the Fund’s investment objective or if the Adviser deems it to be not in the best interest of the Fund. The Adviser attempts to manage the Fund’s credit risk by selecting securities that make default in the payment of principal and interest less likely. Although the value of the Fund’s shares will fluctuate, the Adviser seeks to maintain a low degree of share price fluctuation by executing a “microshort” strategy. The Adviser considers a “microshort” strategy to be consistent with a relatively short dollar-weighted average portfolio maturity which, in the case of the Fund, will generally be limited to a maximum of 180 days. Under normal market conditions, individual securities’ maturities will not exceed 2.5 years for fixed rate securities and 3 years for floating rate securities. Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in government securities that have no explicit financial support, but that are regarded as having implied support because the federal government sponsors their activities. The Adviser may seek higher returns than may be offered by a money market fund by generally investing in investment-grade, fixed-income securities, including but not limited to repurchase agreements, commercial paper, certificates of deposit, asset-backed securities and corporate debt securities. The Fund may also invest a portion of its portfolio in securities of issuers based outside of the United States. The Fund concentrates its investments (invests more than 25% of its total assets) in securities of companies in the financial services sector, and therefore may experience greater volatility than funds investing in a broader range of industries.
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FHCBX - Performance

Return Ranking - Trailing

Period FHCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% N/A N/A N/A
1 Yr 4.0% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FHCBX Return Category Return Low Category Return High Rank in Category (%)
2025 0.2% N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FHCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% N/A N/A N/A
1 Yr 4.0% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FHCBX Return Category Return Low Category Return High Rank in Category (%)
2025 5.2% N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

NAV & Total Return History

FHCBX - Holdings

Concentration Analysis

FHCBX Category Low Category High FHCBX % Rank
Net Assets 287 M N/A N/A N/A
Number of Holdings 109 N/A N/A N/A
Net Assets in Top 10 88.2 M N/A N/A N/A
Weighting of Top 10 32.74% N/A N/A N/A

Top 10 Holdings

  1. SOC GEN NY 6 5.03%
  2. BNP BANK REPO A3 5.03%
  3. MITSUBISHI 9 5.03%
  4. STANDARD CHARTERED 10 5.03%
  5. STANDARD CHARTERED 10 4.05%
  6. Energy Transfer LP 3.71%
  7. Drive Auto Receivables Trust 2025-2 1.49%
  8. NextEra Energy Capital Holdings Inc 1.13%
  9. New York Life Global Funding 1.12%
  10. Synopsys Inc 1.12%

Asset Allocation

Weighting Return Low Return High FHCBX % Rank
Other 		62.95% N/A N/A N/A
Bonds 		33.38% N/A N/A N/A
Cash 		3.71% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FHCBX % Rank
Cash & Equivalents 		3.71% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FHCBX % Rank
US 		33.38% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

FHCBX - Expenses

Operational Fees

FHCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% N/A N/A N/A
Management Fee 0.25% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FHCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FHCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FHCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FHCBX - Distributions

Dividend Yield Analysis

FHCBX Category Low Category High FHCBX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

FHCBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

FHCBX Category Low Category High FHCBX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FHCBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FHCBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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