Morningstar

Federated Hermes Cnsrvtv Mncpl Mcsht Ins FHMIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 10.01  /  +0.10 %
  • Total Assets 234.6 Mil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.70%
  • Effective Duration 0.10 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 11:49 PM GMT+0

Morningstar’s Analysis FHMIX

Will FHMIX outperform in 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.

Strength in Federated Hermes Cnsrvtv Mncpl Mcsht Ins's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FHMIX

More FHMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 4.33%

4.45 11.3 Mil
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5.2%

4.13 10.5 Mil
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 4.25%

3.75 9.5 Mil
municipal

AMERICAN FALLS IDAHO RESERVOIR DIST REPLACEMENT DAM 4.55%

3.58 9.1 Mil
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS 4.2%

3.54 9.0 Mil
municipal

NUVEEN CALIF AMT FREE MUNICIPAL INCOME FD 4.33%

2.72 6.9 Mil
municipal

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 4.25%

2.42 6.2 Mil
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 4.23%

2.36 6.0 Mil
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS 4.2%

2.36 6.0 Mil
municipal

FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 4.6

2.35 6.0 Mil
municipal

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