FMUSX
Federated Hermes Municipal Ultrashort Fund
Federated Hermes Fixed Income Securities, Inc.

Portfolio concentration

As of March 31, 2026 · N-PORT
Holdings
273
Top-10 weight
19.20%
Effective holdings ?
123
Crowding ?
13.7

Holdings

As of March 31, 2026 · N-PORT
#SecurityTickerSharesValue% of fund
1 TNDR OPT-FLTRS-MS0091 55,000,000 $55.00M 3.64%
2 GA PWR - SOUTHERN CO 22-2 V1@ 34,675,000 $34.68M 2.29%
3 Nuveen AMT-Free Municipal Credit Income Fund, Series B 26,140,000 $26.14M 1.73%
4 BLACK BELT ENERGY GAS FRN BBEUTL 25,500,000 $25.46M 1.68%
5 NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND 25,155,000 $25.16M 1.66%
6 MOBILE AL INDL DEV BRD POLL CO REGD V/R B/E 3.92000000 25,000,000 $25.05M 1.66%
7 Nuveen California AMT-Free Quality Municipal Income Fund, Series A 23,300,000 $23.30M 1.54%
8 NYC TRANSITIONAL-E4 21,200,000 $21.20M 1.40%
9 TNDR OPT-FLTR-MS0041 21,115,000 $21.12M 1.40%
10 ECTOR TX ISD 0% 8/15/2049 20,000,000 $20.31M 1.34%
11 Indiana Finance Authority 18,000,000 $18.00M 1.19%
12 GA PWR - SOUTHERN CO 22-1 V1@ 16,900,000 $16.90M 1.12%
13 WASTE MANAGEMENT INC (MPT) 3.875% 08-01-38 16,500,000 $16.52M 1.09%
14 MUNIBOND CUMPOL 16,000,000 $16.00M 1.06%
15 Tender Option Bond Trust Receipts/Certificates 15,600,000 $15.60M 1.03%
16 DELAWARE VLY REGL FIN DLVGEN 15,000,000 $14.98M 0.99%
17 DC DIS 06/01/2051 14,500,000 $14.50M 0.96%
18 TX DALAPT 11/01/2050 DALAPT 13,500,000 $14.24M 0.94%
19 Nuveen AMT-Free Municipal Credit Income Fund 13,800,000 $13.80M 0.91%
20 WASTE MANAGEMENT INC (MPT) 3.45% 12-01-44 13,000,000 $13.00M 0.86%
21 GA PWR - SOUTHERN CO 18-1 V1 12,350,000 $12.35M 0.82%
22 FT BEND TX ISD 4% 8/1/2054 FORSCD 12,000,000 $12.18M 0.81%
23 CA ST MFA SW 3.85% MT @ 12,000,000 $12.00M 0.79%
24 Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024, RB 11,750,000 $11.75M 0.78%
25 Wayne County Airport Authority 10,000,000 $10.65M 0.70%
26 Warsaw Central School District/NY 10,000,000 $10.02M 0.66%
27 Missouri Public Utilities Commission MOSUTL 10,000,000 $10.01M 0.66%
28 Rib Floater Trust Various States 10,000,000 $10.00M 0.66%
29 Rib Floater Trust Various States 10,000,000 $10.00M 0.66%
30 REPUBLIC SERVICES INC (MPT) 2.875% 07-01-43 10,000,000 $9.99M 0.66%
31 ARGYLE TX ISD 4% MT 9,600,000 $9.87M 0.65%
32 Tender Option Bond Trust Receipts/Certificates 9,640,000 $9.64M 0.64%
33 JPMorgan Chase Putters/Drivers Trust 9,600,000 $9.60M 0.63%
34 SAN DIEGO HSG AUTH -B 9,300,000 $9.41M 0.62%
35 SEATTLE WA MUNI LIGHT & PWR REVENUE SEAPWR 9,250,000 $9.20M 0.61%
36 Salmon River Central School District 9,000,000 $9.01M 0.60%
37 WV WVSDEV 03/01/2040 WVSDEV 8,750,000 $8.81M 0.58%
38 NYC WTR VAR 6/15/2033 8,800,000 $8.80M 0.58%
39 City of Binghamton NY 8,728,000 $8.73M 0.58%
40 NYC GO 13A-3 UQ=MZ V1+ 8,700,000 $8.70M 0.58%
41 PENNSYLVANIA ST ECON DEV FING REGD V/R B/E AMT 4.00000000 8,500,000 $8.50M 0.56%
42 REPUBLIC SERVICES INC (MPT) 3.45% 07-01-41 8,500,000 $8.50M 0.56%
43 State of Ohio 8,500,000 $8.50M 0.56%
44 State of Ohio 8,315,000 $8.32M 0.55%
45 State of Ohio 8,300,000 $8.30M 0.55%
46 MARICOPA IDA 5% MT MARDEV 8,000,000 $8.02M 0.53%
47 UTAH ST HSG CORP MF REVENUE REGD V/R B/E 2.95000000 8,000,000 $7.96M 0.53%
48 KENTUCKY ST HSG CORP MF REVENU REGD V/R B/E HUD SEC 5.00000000 7,795,000 $7.81M 0.52%
49 County of Meade KY 7,795,000 $7.80M 0.52%
50 NSAEB 603 LLC FHA 221(D4) (MPT) 3.15% 04-01-30 7,565,000 $7.58M 0.50%
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