Shareholder Report
|
12 Months Ended |
|
Aug. 31, 2026
USD ($)
Holding
|
| Shareholder Report [Line Items] |
|
| Document Type |
N-CSR
|
| Amendment Flag |
false
|
| Registrant Name |
Federated Hermes Adviser Series
|
| Entity Central Index Key |
0001707560
|
| Entity Investment Company Type |
N-1A
|
| Document Period End Date |
Aug. 31, 2026
|
| Shareholder Report Annual or Semi-Annual |
Annual Shareholder Report
|
| C000224642 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Federated Hermes Conservative Microshort Fund
|
| Class Name |
Class A Shares
|
| Trading Symbol |
FHCBX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about the Federated Hermes Conservative Microshort Fund (the "Fund") for the period of September 1, 2025 to August 31, 2026.
|
| Additional Information [Text Block] |
You can find additional information at FederatedHermes.com/FundInformation. You can also request this information by contacting us at 1-800-341-7400, Option 4, or your financial advisor.
|
| Material Fund Change Notice [Text Block] |
This report describes changes made to the Fund during the reporting period.
|
| Additional Information Phone Number |
1-800-341-7400
|
| Additional Information Website |
FederatedHermes.com/FundInformation
|
| Expenses [Text Block] |
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class A Shares | $41 | 0.40% |
|---|
|
| Expenses Paid, Amount |
$ 41
|
| Expense Ratio, Percent |
0.40%
|
| Factors Affecting Performance [Text Block] |
Management's Discussion of Fund PerformanceThe following discussion compares the performance of the Fund to the ICE BofA 3-Month US Treasury Bill Index (the “Index”) to show how the Fund’s performance compares to the returns of similar investments for the reporting period. See the Average Annual Total Returns table below for the returns of the Fund and related indexes, including the Bloomberg US Aggregate Bond Index, a required broad-based index which represents the overall U.S. fixed-income market. The Fund seeks to provide current income consistent with capital preservation while maintaining liquidity by investing primarily in a diversified portfolio of investment-grade securities. Top Contributors to Performance Sector and Security Selection both contributed positively to performance relative to the Index as both asset-backed securities and investment-grade corporate debt securities outperformed U.S. Treasuries during the last fiscal year.
Top Detractors from Performance Duration management and yield curve positioning contributed negatively to relative performance as the portfolio duration was positioned longer than the Index in a period of generally rising interest rates over the last fiscal year.
|
| Performance Past Does Not Indicate Future [Text] |
Keep in mind that the Fund’s past performance is not a predictor of how the Fund will perform in the future.
|
| Line Graph [Table Text Block] |
Table Summary | Class A Shares | Bloomberg US Aggregate Bond Index | ICE 3-Month US Treasury Bill Index |
|---|
2/3/2021 | $10,000 | $10,000 | $10,000 |
|---|
8/31/2021 | $10,036 | $10,029 | $10,002 |
|---|
8/31/2022 | $10,026 | $8,874 | $10,039 |
|---|
8/31/2023 | $10,499 | $8,769 | $10,466 |
|---|
8/31/2024 | $11,140 | $9,408 | $11,040 |
|---|
8/31/2025 | $11,687 | $9,703 | $11,535 |
|---|
8/31/2026 | $12,147 | $9,887 | $11,963 |
|---|
|
| Average Annual Return [Table Text Block] |
Table SummaryFund/IndexFootnote Reference* | 1 Year | 5 Years | Since
Inception
2/3/2021 |
|---|
Class A Shares | 3.93% | 3.89% | 3.55% |
|---|
Bloomberg US Aggregate Bond Index | 1.89% | (0.29)% | (0.20)% |
|---|
ICE 3-Month US Treasury Bill Index | 3.71% | 3.65% | 3.27% |
|---|
|
| Performance Inception Date |
Feb. 03, 2021
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
| Updated Performance Information Location [Text Block] |
FederatedHermes.com/FundInformation
|
| AssetsNet |
$ 324,307,307
|
| Holdings Count | Holding |
119
|
| Advisory Fees Paid, Amount |
$ 150,122
|
| InvestmentCompanyPortfolioTurnover |
28.00%
|
| Additional Fund Statistics [Text Block] |
- Net Assets$324,307,307
- Number of Investments119
- Portfolio Turnover28%
- Total Advisory Fees Paid$150,122
|
| Holdings [Text Block] |
Top Security Types (% of Net Assets)Table SummaryValue | Value |
|---|
Commercial Paper | 3.1% | Repurchase Agreements | 9.8% | Other Repurchase Agreements | 24.9% | Asset-Backed Securities | 28.7% | Corporate Bonds | 33.7% |
|
| Material Fund Change [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor. Effective October 29, 2026, the Fund’s non-fundamental 80% investment policy changed to the following: Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investment grade securities. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. Paige Wilhelm retired on July 1, 2026. Effective upon her retirement, Ms. Wilhelm no longer serves as portfolio manager of the Fund. The other members of the management team continue to manage the Fund. Effective December 1, 2026, Nicholas Findley, CFA, will serve as a portfolio manager of the Fund.
|
| Material Fund Change Strategies [Text Block] |
Effective October 29, 2026, the Fund’s non-fundamental 80% investment policy changed to the following: Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investment grade securities. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities.
|
| Summary of Change Legend [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor.
|
| Updated Prospectus Phone Number |
1-800-341-7400
|
| Updated Prospectus Web Address |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;"><span style="text-decoration: underline; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;">FederatedHermes.com/FundInformation</span></span>
|
| C000224641 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Federated Hermes Conservative Microshort Fund
|
| Class Name |
Institutional Shares
|
| Trading Symbol |
FHCOX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about the Federated Hermes Conservative Microshort Fund (the "Fund") for the period of September 1, 2025 to August 31, 2026.
|
| Additional Information [Text Block] |
You can find additional information at FederatedHermes.com/FundInformation. You can also request this information by contacting us at 1-800-341-7400, Option 4, or your financial advisor.
|
| Material Fund Change Notice [Text Block] |
This report describes changes made to the Fund during the reporting period.
|
| Additional Information Phone Number |
1-800-341-7400
|
| Additional Information Website |
FederatedHermes.com/FundInformation
|
| Expenses [Text Block] |
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Institutional Shares | $26 | 0.25% |
|---|
|
| Expenses Paid, Amount |
$ 26
|
| Expense Ratio, Percent |
0.25%
|
| Factors Affecting Performance [Text Block] |
Management's Discussion of Fund PerformanceThe following discussion compares the performance of the Fund to the ICE BofA 3-Month US Treasury Bill Index (the “Index”) to show how the Fund’s performance compares to the returns of similar investments for the reporting period. See the Average Annual Total Returns table below for the returns of the Fund and related indexes, including the Bloomberg US Aggregate Bond Index, a required broad-based index which represents the overall U.S. fixed-income market. The Fund seeks to provide current income consistent with capital preservation while maintaining liquidity by investing primarily in a diversified portfolio of investment-grade securities. Top Contributors to Performance Sector and Security Selection both contributed positively to performance relative to the Index as both asset-backed securities and investment-grade corporate debt securities outperformed U.S. Treasuries during the last fiscal year.
Top Detractors from Performance Duration management and yield curve positioning contributed negatively to relative performance as the portfolio duration was positioned longer than the Index in a period of generally rising interest rates over the last fiscal year.
|
| Performance Past Does Not Indicate Future [Text] |
Keep in mind that the Fund’s past performance is not a predictor of how the Fund will perform in the future.
|
| Line Graph [Table Text Block] |
Table Summary | Institutional Shares | Bloomberg US Aggregate Bond Index | ICE 3-Month US Treasury Bill Index |
|---|
2/3/2021 | $10,000 | $10,000 | $10,000 |
|---|
8/31/2021 | $10,036 | $10,029 | $10,002 |
|---|
8/31/2022 | $10,026 | $8,874 | $10,039 |
|---|
8/31/2023 | $10,499 | $8,769 | $10,466 |
|---|
8/31/2024 | $11,140 | $9,408 | $11,040 |
|---|
8/31/2025 | $11,702 | $9,703 | $11,535 |
|---|
8/31/2026 | $12,180 | $9,887 | $11,963 |
|---|
|
| Average Annual Return [Table Text Block] |
Table SummaryFund/Index | 1 Year | 5 Years | Since
Inception
2/3/2021 |
|---|
Institutional Shares | 4.09% | 3.95% | 3.60% |
|---|
Bloomberg US Aggregate Bond Index | 1.89% | (0.29)% | (0.20)% |
|---|
ICE 3-Month US Treasury Bill Index | 3.71% | 3.65% | 3.27% |
|---|
|
| Performance Inception Date |
Feb. 03, 2021
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
| Updated Performance Information Location [Text Block] |
FederatedHermes.com/FundInformation
|
| AssetsNet |
$ 324,307,307
|
| Holdings Count | Holding |
119
|
| Advisory Fees Paid, Amount |
$ 150,122
|
| InvestmentCompanyPortfolioTurnover |
28.00%
|
| Additional Fund Statistics [Text Block] |
- Net Assets$324,307,307
- Number of Investments119
- Portfolio Turnover28%
- Total Advisory Fees Paid$150,122
|
| Holdings [Text Block] |
Top Security Types (% of Net Assets)Table SummaryValue | Value |
|---|
Commercial Paper | 3.1% | Repurchase Agreements | 9.8% | Other Repurchase Agreements | 24.9% | Asset-Backed Securities | 28.7% | Corporate Bonds | 33.7% |
|
| Material Fund Change [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor. Effective October 29, 2026, the Fund’s non-fundamental 80% investment policy changed to the following: Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investment grade securities. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. Paige Wilhelm retired on July 1, 2026. Effective upon her retirement, Ms. Wilhelm no longer serves as portfolio manager of the Fund. The other members of the management team continue to manage the Fund. Effective December 1, 2026, Nicholas Findley, CFA, will serve as a portfolio manager of the Fund.
|
| Material Fund Change Strategies [Text Block] |
Effective October 29, 2026, the Fund’s non-fundamental 80% investment policy changed to the following: Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investment grade securities. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities.
|
| Summary of Change Legend [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor.
|
| Updated Prospectus Phone Number |
1-800-341-7400
|
| Updated Prospectus Web Address |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;"><span style="text-decoration: underline; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;">FederatedHermes.com/FundInformation</span></span>
|
| C000224644 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Federated Hermes Conservative Municipal Microshort Fund
|
| Class Name |
Class A Shares
|
| Trading Symbol |
FHMAX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about the Federated Hermes Conservative Municipal Microshort Fund (the "Fund") for the period of September 1, 2025 to August 31, 2026.
|
| Additional Information [Text Block] |
You can find additional information at FederatedHermes.com/FundInformation. You can also request this information by contacting us at 1-800-341-7400, Option 4, or your financial advisor.
|
| Material Fund Change Notice [Text Block] |
This report describes changes made to the Fund during the reporting period.
|
| Additional Information Phone Number |
1-800-341-7400
|
| Additional Information Website |
FederatedHermes.com/FundInformation
|
| Expenses [Text Block] |
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class A Shares | $41 | 0.40% |
|---|
|
| Expenses Paid, Amount |
$ 41
|
| Expense Ratio, Percent |
0.40%
|
| Factors Affecting Performance [Text Block] |
Management's Discussion of Fund PerformanceThe following discussion compares the performance of the Fund to the Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index (the “Index”) to show how the Fund’s performance compares to the returns of similar investments for the reporting period. See the Average Annual Total Returns table below for the returns of the Fund and related indexes including the S&P Municipal Bond Index, a required broad-based index which represents the overall U.S. municipal fixed-income market. The Fund seeks to provide current income consistent with preservation of capital with an emphasis on maintaining liquidity on a tax-exempt basis. Top Contributors to Performance Credit allocation contributed positively to performance relative to the Index, with exposure to primarily A-2-rated variable rate securities as well as AA-rated and A-rated fixed-rate securities or equivalent issuer ratings, all of which are excluded from the AAA-rated Index. Selective yield curve allocations to high quality, longer than Index bond/note maturities of approximately six months to two years (though largely one year) during periods when short-term municipal market yields peaked, contributed to relative Fund performance. The 1-year AAA-rated Bloomberg Evaluation Service municipal yield fluctuated from 2.04% to 2.61%. Within this, specific sector contributions were from the General Obligation-Local and Industrial Development/Pollution Control Revenue sectors.
Top Detractors from Performance A significant allocation to daily and weekly Variable-Rate Demand Notes (“VRDNs”), important components for both liquidity and duration management, was a minor detractor from relative performance. The 7-day SIFMA Index rate, a proxy for weekly VRDNs which fluctuated over a wide range, averaged 2.44% during the period as the Federal Reserve lowered rates by 75 basis points. Duration management was a minor detractor from relative Fund performance. The Fund’s weighted average maturity (WAM) averaged approximately 100 days during the fiscal year, slightly longer than the duration of the Index, where yields ranged from 2.19% to 2.76% and ended the period higher by 26 basis points at 2.61%.
|
| Performance Past Does Not Indicate Future [Text] |
Keep in mind that the Fund’s past performance is not a predictor of how the Fund will perform in the future.
|
| Line Graph [Table Text Block] |
Table Summary | Class A Shares | S&P Municipal Bond Index | Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index |
|---|
2/3/2021 | $10,000 | $10,000 | $10,000 |
|---|
8/31/2021 | $10,016 | $10,106 | $10,004 |
|---|
8/31/2022 | $10,076 | $9,289 | $10,072 |
|---|
8/31/2023 | $10,397 | $9,456 | $10,367 |
|---|
8/31/2024 | $10,801 | $10,047 | $10,717 |
|---|
8/31/2025 | $11,133 | $10,091 | $11,031 |
|---|
8/31/2026 | $11,413 | $10,511 | $11,317 |
|---|
|
| Average Annual Return [Table Text Block] |
Table SummaryFund/IndexFootnote Reference* | 1 Year | 5 Years | Since
Inception
2/3/2021 |
|---|
Class A Shares | 2.51% | 2.65% | 2.40% |
|---|
S&P Municipal Bond Index | 4.16% | 0.79% | 0.90% |
|---|
Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index | 2.59% | 2.50% | 2.24% |
|---|
|
| Performance Inception Date |
Feb. 03, 2021
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
| Updated Performance Information Location [Text Block] |
FederatedHermes.com/FundInformation
|
| AssetsNet |
$ 598,220,419
|
| Holdings Count | Holding |
168
|
| Advisory Fees Paid, Amount |
$ 467,648
|
| InvestmentCompanyPortfolioTurnover |
69.00%
|
| Additional Fund Statistics [Text Block] |
- Net Assets$598,220,419
- Number of Investments168
- Portfolio Turnover69%
- Total Advisory Fees Paid$467,648
|
| Holdings [Text Block] |
Top Sectors (% of Net Assets)Table SummaryValue | Value |
|---|
Port | 0.3% | General Obligation- State | 0.7% | Higher Education | 0.9% | Prepaid Gas Utility | 1.3% | Dedicated Tax | 2.7% | Electric & Gas | 7.6% | Airport | 7.8% | Multi-Family Housing | 8.1% | Hospital | 11.8% | General Obligation- Local | 20.5% | Industrial Development/Pollution Control | 22.9% | Effective Maturity Schedule (% of Net Assets)Table SummaryValue | Value |
|---|
181 Days or more | 21.5% | 91-180 Days | 9.4% | 31-90 Days | 7.3% | 8-30 Days | 2.6% | 1-7 Days | 59.0% |
|
| Material Fund Change [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor. Effective October 31, 2026, the Fund’s non-fundamental 80% investment policy will change to the following: Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade securities, the income from which is exempt from federal regular income tax. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. This policy may not be changed without shareholder approval. Effective December 5, 2025, Timothy Palmer serves as a portfolio manager of the Fund. Mary Jo Ochson retired on April 2, 2026. Effective upon her retirement, Ms. Ochson no longer serves as portfolio manager of the Fund.
|
| Material Fund Change Strategies [Text Block] |
Effective October 31, 2026, the Fund’s non-fundamental 80% investment policy will change to the following: Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade securities, the income from which is exempt from federal regular income tax. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. This policy may not be changed without shareholder approval.
|
| Summary of Change Legend [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor.
|
| Updated Prospectus Phone Number |
1-800-341-7400
|
| Updated Prospectus Web Address |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;"><span style="text-decoration: underline; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;">FederatedHermes.com/FundInformation</span></span>
|
| C000224643 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Federated Hermes Conservative Municipal Microshort Fund
|
| Class Name |
Institutional Shares
|
| Trading Symbol |
FHMIX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about the Federated Hermes Conservative Municipal Microshort Fund (the "Fund") for the period of September 1, 2025 to August 31, 2026.
|
| Additional Information [Text Block] |
You can find additional information at FederatedHermes.com/FundInformation. You can also request this information by contacting us at 1-800-341-7400, Option 4, or your financial advisor.
|
| Material Fund Change Notice [Text Block] |
This report describes changes made to the Fund during the reporting period.
|
| Additional Information Phone Number |
1-800-341-7400
|
| Additional Information Website |
FederatedHermes.com/FundInformation
|
| Expenses [Text Block] |
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Institutional Shares | $25 | 0.25% |
|---|
|
| Expenses Paid, Amount |
$ 25
|
| Expense Ratio, Percent |
0.25%
|
| Factors Affecting Performance [Text Block] |
Management's Discussion of Fund PerformanceThe following discussion compares the performance of the Fund to the Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index (the “Index”) to show how the Fund’s performance compares to the returns of similar investments for the reporting period. See the Average Annual Total Returns table below for the returns of the Fund and related indexes including the S&P Municipal Bond Index, a required broad-based index which represents the overall U.S. municipal fixed-income market. The Fund seeks to provide current income consistent with preservation of capital with an emphasis on maintaining liquidity on a tax-exempt basis. Top Contributors to Performance Credit allocation contributed positively to performance relative to the Index, with exposure to primarily A-2-rated variable rate securities as well as AA-rated and A-rated fixed-rate securities or equivalent issuer ratings, all of which are excluded from the AAA-rated Index. Selective yield curve allocations to high quality, longer than Index bond/note maturities of approximately six months to two years (though largely one year) during periods when short-term municipal market yields peaked, contributed to relative Fund performance. The 1-year AAA-rated Bloomberg Evaluation Service municipal yield fluctuated from 2.04% to 2.61%. Within this, specific sector contributions were from the General Obligation-Local and Industrial Development/Pollution Control Revenue sectors.
Top Detractors from Performance A significant allocation to daily and weekly Variable-Rate Demand Notes (“VRDNs”), important components for both liquidity and duration management, was a minor detractor from relative performance. The 7-day SIFMA Index rate, a proxy for weekly VRDNs which fluctuated over a wide range, averaged 2.44% during the period as the Federal Reserve lowered rates by 75 basis points. Duration management was a minor detractor from relative Fund performance. The Fund’s weighted average maturity (WAM) averaged approximately 100 days during the fiscal year, slightly longer than the duration of the Index, where yields ranged from 2.19% to 2.76% and ended the period higher by 26 basis points at 2.61%.
|
| Performance Past Does Not Indicate Future [Text] |
Keep in mind that the Fund’s past performance is not a predictor of how the Fund will perform in the future.
|
| Line Graph [Table Text Block] |
Table Summary | Institutional Shares | S&P Municipal Bond Index | Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index |
|---|
2/3/2021 | $10,000 | $10,000 | $10,000 |
|---|
8/31/2021 | $10,016 | $10,106 | $10,004 |
|---|
8/31/2022 | $10,076 | $9,289 | $10,072 |
|---|
8/31/2023 | $10,397 | $9,456 | $10,367 |
|---|
8/31/2024 | $10,801 | $10,047 | $10,717 |
|---|
8/31/2025 | $11,147 | $10,091 | $11,031 |
|---|
8/31/2026 | $11,445 | $10,511 | $11,317 |
|---|
|
| Average Annual Return [Table Text Block] |
Table SummaryFund/Index | 1 Year | 5 Years | Since
Inception
2/3/2021 |
|---|
Institutional Shares | 2.67% | 2.70% | 2.45% |
|---|
S&P Municipal Bond Index | 4.16% | 0.79% | 0.90% |
|---|
Bloomberg BVAL Municipal Yield Curve (Callable) 3-Month Index | 2.59% | 2.50% | 2.24% |
|---|
|
| Performance Inception Date |
Feb. 03, 2021
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
| Updated Performance Information Location [Text Block] |
FederatedHermes.com/FundInformation
|
| AssetsNet |
$ 598,220,419
|
| Holdings Count | Holding |
168
|
| Advisory Fees Paid, Amount |
$ 467,648
|
| InvestmentCompanyPortfolioTurnover |
69.00%
|
| Additional Fund Statistics [Text Block] |
- Net Assets$598,220,419
- Number of Investments168
- Portfolio Turnover69%
- Total Advisory Fees Paid$467,648
|
| Holdings [Text Block] |
Top Sectors (% of Net Assets)Table SummaryValue | Value |
|---|
Port | 0.3% | General Obligation- State | 0.7% | Higher Education | 0.9% | Prepaid Gas Utility | 1.3% | Dedicated Tax | 2.7% | Electric & Gas | 7.6% | Airport | 7.8% | Multi-Family Housing | 8.1% | Hospital | 11.8% | General Obligation- Local | 20.5% | Industrial Development/Pollution Control | 22.9% | Effective Maturity Schedule (% of Net Assets)Table SummaryValue | Value |
|---|
181 Days or more | 21.5% | 91-180 Days | 9.4% | 31-90 Days | 7.3% | 8-30 Days | 2.6% | 1-7 Days | 59.0% |
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| Material Fund Change [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor. Effective October 31, 2026, the Fund’s non-fundamental 80% investment policy will change to the following: Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade securities, the income from which is exempt from federal regular income tax. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. This policy may not be changed without shareholder approval. Effective December 5, 2025, Timothy Palmer serves as a portfolio manager of the Fund. Mary Jo Ochson retired on April 2, 2026. Effective upon her retirement, Ms. Ochson no longer serves as portfolio manager of the Fund.
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| Material Fund Change Strategies [Text Block] |
Effective October 31, 2026, the Fund’s non-fundamental 80% investment policy will change to the following: Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment-grade securities, the income from which is exempt from federal regular income tax. For purposes of the Fund’s investment strategy, the Fund will define “conservative” as investment-grade fixed income securities. This policy may not be changed without shareholder approval.
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| Summary of Change Legend [Text Block] |
Following is a summary of material changes made to the Fund during the reporting period. For more complete and current information, you may review the Fund’s disclosure documents on its webpage at FederatedHermes.com/FundInformation or upon request at 1-800-341-7400, Option 4, or by contacting your financial advisor.
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| Updated Prospectus Phone Number |
1-800-341-7400
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| Updated Prospectus Web Address |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;"><span style="text-decoration: underline; box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left; text-align-last: auto; white-space-collapse: preserve-breaks;">FederatedHermes.com/FundInformation</span></span>
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