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Morningstar

Federated Hermes Short-Interm Muni A FMTAX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.88  /  +0.01 %
  • Total Assets 384.8 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.33%
  • Effective Duration 2.70 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 11:57 AM GMT+0

Morningstar’s Analysis FMTAX

Will FMTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Federated Hermes Short-Interm Muni A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMTAX

More FMTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LANCASTER PORT AUTH OHIO GAS SUPPLY REV 5%

2.84 11.1 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 4.7%

2.57 10.0 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.21667%

2.29 9.0 Mil
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5%

2.23 8.7 Mil
municipal

MEADE CNTY KY INDL BLDG REV 5.16%

2.10 8.2 Mil
municipal

COLUMBIA ALA INDL DEV BRD POLLUTN CTL REV 3.81%

1.78 7.0 Mil
municipal

ILLINOIS ST 5%

1.74 6.8 Mil
municipal

ST JOHN BAPTIST PARISH LA REV 2.375%

1.72 6.7 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4%

1.67 6.5 Mil
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 2.15%

1.65 6.4 Mil
municipal