Federated Hermes Municipal Ultrashort IS (FMUSX) As Of: 09/13/2025

Insufficient Liquidity
FMUSX Can Only Liquidate 67.46% In 3 days Rather Than Their 76.24% Minimum Target For Highly Liquid Assets. See SEC Requirements.

Unacceptable Illiquidity
FMUSX Fails The 15% Maximum Illiquid Assets Test. See SEC Requirements.
Total De-valuated Market Value: $0.00 (0.000% of the fund)

Liquidity Assessment For FMUSX

Days To Liquidate SEC Category % Of Fund Value Value
0-3 Days		 Highly Liquid
67.5 %
$643,031,717.51
3-7 Days		 Moderately Liquid
4.0 %
$38,487,650.28
3-7 Days (Settle Later)		 Less Liquid
3.4 %
$32,666,752.72
7+ Days		 Illiquid
25.1 %
$239,022,253.49
Market Value
$1,376,320,342
Cash
3.86 %
Positions
277
Not Covered
58 (20.94 %)
Covered
219 (79.06 %)
Type
OPEN_END
Reporting Date
2025-06-30
Highly Liquid Target
76.24%
...
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CUSIP Name Amount Owned Other Fund`s Capacity To Buy Traded Last 30 Days % Of Fund High Mod Less Illiquid Maturity Coupon BV Credit Score Drilldown
CUSIP Name Amount Owned % Of Fund Coupon Maturity