Holdings (Monthly) Guide ↗

Federated Hermes Conservative Microshort Fund

· Federated Hermes Adviser Series

Monthly Holdings $310M AUM 26 positions Period May 2026 Filed Jul 27, 2026 EDGAR ↗ ← All Funds

All 18 New 1 Added 26 Reduced 8 Exited · May 2026 vs Feb 2026

#	Name	Ticker	Since	Shares	Shares Δ	Value	Val Δ%	% Port	Cat
1	Wheels Fleet Lease Funding LLC	96328GCF2	Feb 2026	2,566,947	-261,850	$2.6M	-9.5%	0.84%	ABS-O
2	Enterprise Fleet Financing LLC	29375TAB8	Feb 2026	2,388,423	-513,610	$2.4M	-17.8%	0.78%	ABS-O
3	Truist Bank Auto Credit-Linked Notes	897926CB5	Feb 2026	2,015,748	-306,574	$2.0M	-13.7%	0.66%	ABS-O
4	M&T Equipment Notes	55340QAB1	Feb 2026	1,956,696	-450,259	$2.0M	-18.9%	0.64%	ABS-O
5	The Huntington National Bank	446438SX2	Feb 2026	1,795,063	-228,453	$1.8M	-11.9%	0.59%	ABS-O
6	Securitized Term Auto Receivables Trust	81378RAD6	Feb 2026	1,752,430	-271,483	$1.8M	-14.1%	0.58%	ABS-O
7	Securitized Term Auto Receivables Trust	81378WAF0	Feb 2026	1,740,902	-171,045	$1.7M	-9.6%	0.57%	ABS-O
8	World OMNI Select Auto Trust	98164UAC3	Feb 2026	1,598,661	-401,339	$1.6M	-20.2%	0.52%	ABS-O
9	Ally Bank Auto Credit-Linked Notes	02007G5G4	Feb 2026	1,523,580	-203,632	$1.5M	-12.2%	0.50%	ABS-O
10	Ally Bank Auto Credit-Linked Notes	02007G6R9	Feb 2026	1,336,823	-172,591	$1.3M	-12.0%	0.44%	ABS-O
11	Securitized Term Auto Receivables Trust	81378RAB0	Feb 2026	987,284	-152,948	$995K	-13.8%	0.33%	ABS-O
12	Enterprise Fleet Financing LLC	29375UAB5	Feb 2026	977,460	-112,540	$980K	-10.6%	0.32%	ABS-O
13	Stellantis Financial Underwritten Enhanced Lease Trust	858928AB0	Feb 2026	959,174	-382,121	$961K	-28.6%	0.31%	ABS-O
14	Securitized Term Auto Receivables Trust	81378WAC7	Feb 2026	929,535	-128,062	$935K	-12.7%	0.31%	ABS-O
15	Securitized Term Auto Receivables Trust	81378WAD5	Feb 2026	929,535	-128,062	$934K	-12.7%	0.31%	ABS-O
16	Enterprise Fleet Financing LLC	29374MAB4	Feb 2026	892,910	-344,021	$895K	-27.9%	0.29%	ABS-O
17	ARI Fleet Lease Trust	04033HAB1	Feb 2026	869,676	-362,850	$874K	-29.6%	0.29%	ABS-O
18	Porsche Innovative Lease Owner Trust	73328AAD1	Feb 2026	841,927	-408,073	$843K	-32.7%	0.28%	ABS-O
19	Ally Bank Auto Credit-Linked Notes	02007GZ55	Feb 2026	749,190	-117,250	$759K	-13.9%	0.25%	ABS-O
20	Daimler Trucks Retail Trust	233874AC0	Feb 2026	754,481	-306,085	$758K	-29.0%	0.25%	ABS-O
21	Chase Auto Credit Linked Notes	46591HCT5	Feb 2026	701,024	-78,510	$702K	-10.7%	0.23%	ABS-O
22	Santander Drive Auto Receivables Trust	802919AC4	Feb 2026	631,602	-490,337	$632K	-43.8%	0.21%	ABS-O
23	MMAF Equipment Finance LLC	06764MAB0	Feb 2026	622,184	-127,071	$624K	-17.2%	0.20%	ABS-O
24	Enterprise Fleet Financing LLC	29375QAB4	Feb 2026	271,593	-328,698	$272K	-54.8%	0.09%	ABS-O
25	GREAT AMERICA LEASING RECEIVABLES	39154GAB2	Feb 2026	200,039	-189,516	$200K	-48.7%	0.07%	ABS-O
26	DLLAD LLC	23346MAB2	Feb 2026	120,475	-149,394	$121K	-55.5%	0.04%	ABS-O