Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

Federated Hermes Conservative Microshort Fund

mutual fund
FHCOX
Payout Change
Pending
Price as of:
$10.01 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Instl (FHCOX) A (FHCBX)
FHCOX (Mutual Fund)

Federated Hermes Conservative Microshort Fund

Payout Change
Pending
Price as of:
$10.01 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Instl (FHCOX) A (FHCBX)
FHCOX (Mutual Fund)

Federated Hermes Conservative Microshort Fund

Payout Change
Pending
Price as of:
$10.01 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Instl (FHCOX) A (FHCBX)

Name

As of 12/20/2024

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

FHCOX | Fund

$10.01

$167 M

4.99%

$0.50

0.54%

Vitals

YTD Return

5.9%

1 yr return

5.9%

3 Yr Avg Return

4.0%

5 Yr Avg Return

N/A

Net Assets

$167 M

Holdings in Top 10

48.7%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

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

FHCOX | Fund

$10.01

$167 M

4.99%

$0.50

0.54%

FHCOX - Profile

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.23%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency None

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
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nicholas Tripodes

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.
Read More

FHCOX - Performance

Return Ranking - Trailing

Period FHCOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -0.8% 8.5% 35.85%
1 Yr 5.9% -0.5% 8.6% 41.98%
3 Yr 4.0%* -1.2% 5.7% 20.49%
5 Yr N/A* -1.0% 4.4% N/A
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Return Ranking - Calendar

Period FHCOX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -2.3% 4.3% 83.96%
2022 -0.5% -6.5% 0.5% 12.68%
2021 N/A -2.1% 0.3% N/A
2020 N/A -3.1% 1.8% N/A
2019 N/A -1.2% 6.1% N/A

Total Return Ranking - Trailing

Period FHCOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -0.8% 8.5% 35.85%
1 Yr 5.9% -0.5% 8.6% 41.98%
3 Yr 4.0%* -1.2% 5.7% 20.49%
5 Yr N/A* -1.0% 4.4% N/A
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Total Return Ranking - Calendar

Period FHCOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% 0.8% 12.1% 66.51%
2022 0.9% -5.1% 2.5% 18.05%
2021 N/A -2.1% 14.5% N/A
2020 N/A -1.0% 3.6% N/A
2019 N/A 0.3% 9.6% N/A

NAV & Total Return History

FHCOX - Holdings

Concentration Analysis

FHCOX Category Low Category High FHCOX % Rank
Net Assets 167 M 26.6 K 28.6 B 82.55%
Number of Holdings 57 2 1258 90.57%
Net Assets in Top 10 72.8 M 27.7 K 22.7 B 72.64%
Weighting of Top 10 48.67% 6.3% 159.6% 12.74%

Top 10 Holdings

  1. NOVASC REPO 1 14.25%
  2. BNP BANK REPO A3 5.00%
  3. ING REPO 1 5.00%
  4. MITSUBISHI 9 5.00%
  5. STANDARD CHARTERED 10 5.00%
  6. SOC GEN NY 6 5.00%
  7. Energy Transfer LP 3.34%
  8. Corebridge Global Funding 2.04%
  9. ARI Fleet Lease Trust 2024-B 2.03%
  10. GMF Floorplan Owner Revolving Trust 2.01%

Asset Allocation

Weighting Return Low Return High FHCOX % Rank
Other 		78.03% -13.48% 99.96% 0.94%
Bonds 		18.86% 0.00% 129.63% 95.75%
Cash 		3.34% 0.00% 112.72% 68.87%
Stocks 		0.00% 0.00% 97.16% 17.45%
Preferred Stocks 		0.00% 0.00% 1.02% 0.94%
Convertible Bonds 		0.00% 0.00% 15.25% 76.30%

Bond Sector Breakdown

Weighting Return Low Return High FHCOX % Rank
Securitized 		39.22% 0.00% 100.00% 27.01%
Cash & Equivalents 		3.34% 0.00% 112.72% 66.51%
Corporate 		1.28% 0.00% 99.91% 82.94%
Derivative 		0.00% -13.48% 16.56% 21.23%
Municipal 		0.00% 0.00% 70.39% 44.08%
Government 		0.00% 0.00% 100.00% 74.88%

Bond Geographic Breakdown

Weighting Return Low Return High FHCOX % Rank
US 		18.86% 0.00% 129.63% 95.75%
Non US 		0.00% 0.00% 20.18% 13.21%

FHCOX - Expenses

Operational Fees

FHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.08% 29.63% 44.02%
Management Fee 0.25% 0.00% 1.19% 41.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 28.26%

Sales Fees

FHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

FHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 336.00% 8.99%

FHCOX - Distributions

Dividend Yield Analysis

FHCOX Category Low Category High FHCOX % Rank
Dividend Yield 4.99% 0.00% 8.76% 12.26%

Dividend Distribution Analysis

FHCOX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

FHCOX Category Low Category High FHCOX % Rank
Net Income Ratio 0.23% -1.30% 14.86% 70.10%

Capital Gain Distribution Analysis

FHCOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FHCOX - Fund Manager Analysis

Managers

Nicholas Tripodes

Start Date

Tenure

Tenure Rank

Jan 21, 2021

1.36

1.4%

Mr. Tripodes is responsible for providing research and advice on sector allocation and security selection. He has been with Federated since 1993. He holds a B.S. degree from Carnegie Mellon University and an M.B.A. from University of Pittsburgh.

Mark Weiss

Start Date

Tenure

Tenure Rank

Jan 21, 2021

1.36

1.4%

Mark F. Weiss, CFA, Senior Portfolio Manager, responsible for day to day management focusing on asset allocation, interest rate strategy and security selection. He has been with Federated Advisory Services Company since 1994; has worked in investment management since 1998; has managed investment portfolios since 2012. Education: B.A., M.B.A., University of Pittsburgh.

Randall Bauer

Start Date

Tenure

Tenure Rank

Jan 21, 2021

1.36

1.4%

Randall S. Bauer, CFA is a Senior Vice President, Senior Portfolio Manager and Head of Structured Products Group for Federated. Mr. Bauer is responsible for management and administration of structured product portfolios, as well as portfolio management of products with investment concentrations in investment-grade and short duration securities. Mr. Bauer has over 34 years of investment experience. Prior to joining Federated, he worked in the Credit Policy and International Banking Divisions at PNC Bank Corp. Mr. Bauer holds a B.A. from the University of Pennsylvania and an M.B.A. in Finance from the Pennsylvania State University. He is a Chartered Financial Analyst.

Paige Wilhelm

Start Date

Tenure

Tenure Rank

Jan 21, 2021

1.36

1.4%

Wilhelm is vice president and portfolio manager with Federated Investors. She has eight years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×