# Federated Hermes Conservative Municipal Microshort Fund

Federated Hermes Conservative Municipal Microshort Fund is a registered fund series of Federated Hermes Adviser Series (series S000070657). Net assets $486.3M as of 2026-05-31.

## Profile

- Series ID: S000070657
- Registrant: Federated Hermes Adviser Series
- LEI: 2549003Q2AMWHI6IO855
- Net assets: $486.3M
- Total assets: $489.8M
- As of: 2026-05-31

## Advisers

- [Federated Investment Management Company (Advisor)](https://search.stillhousedata.com/firm/105138)
- [Federated Advisory Services Company (Advisor)](https://search.stillhousedata.com/firm/128611)

## Top holdings (156 reported)

_Showing 15 of 156 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [LOUISIANA PUB FACS AUTH](https://search.stillhousedata.com/security/546398YU6) | — | $20.4M | 419.46% |
| [APPLING CNTY GA DEV AUTH](https://search.stillhousedata.com/security/038315EV5) | — | $17.0M | 350.17% |
| [PORT PORT ARTHUR NAVIGATION DISTRICT (TX)](https://search.stillhousedata.com/security/735220AW5) | — | $14.0M | 287.87% |
| [LIBERTY CNTY FL INDL DEV REVENUE](https://search.stillhousedata.com/security/530375AJ3) | — | $12.9M | 265.25% |
| [JP MORGAN CHASE PUTTERS](https://search.stillhousedata.com/security/46640KYX6) | — | $12.4M | 254.97% |
| [KENTUCKY ST ECON DEV FIN AUTH](https://search.stillhousedata.com/security/49126PCJ7) | — | $12.0M | 246.74% |
| [CUMBERLAND COUNTY FINANCE CORP (NC)](https://search.stillhousedata.com/security/230589AB9) | — | $10.0M | 205.35% |
| [NUVEEN CALIFORNIA AMT-FREE QUALITY MUNICIPAL INCOME FUND](https://search.stillhousedata.com/security/670651868) | — | $9.5M | 195.34% |
| [MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES](https://search.stillhousedata.com/security/60700HPG8) | — | $9.0M | 185.06% |
| [CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD REVENUE](https://search.stillhousedata.com/security/162410CB8) | — | $8.5M | 174.06% |
| [TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES](https://search.stillhousedata.com/security/88035JQX3) | — | $7.1M | 145.99% |
| [CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)](https://search.stillhousedata.com/security/13048RAF4) | — | $7.0M | 144.29% |
| [JP MORGAN CHASE & COMPANY](https://search.stillhousedata.com/security/46640KB94) | — | $7.0M | 143.93% |
| [NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND](https://search.stillhousedata.com/security/670657774) | — | $7.0M | 143.93% |
| [MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES](https://search.stillhousedata.com/security/60700HVJ5) | — | $6.8M | 140.64% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-05-31 | $486.3M |
| 2026-02-28 | $394.8M |
| 2025-11-30 | $423.2M |
| 2025-08-31 | $467.1M |
| 2025-05-31 | $386.4M |
| 2025-02-28 | $327.5M |
| 2024-11-30 | $256.6M |
| 2024-08-31 | $239.0M |

## More

- [Registrant: Federated Hermes Adviser Series](https://search.stillhousedata.com/registrant/1707560)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000070657.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.