Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Federated Hermes Intermediate Muni A FIMTX
- NAV / 1-Day Return 9.66 / +0.01 %
- Total Assets 186.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.710%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 2.68%
- Effective Duration 5.80 years
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FIMTX
Will FIMTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
ILLINOIS ST 5.5% | 1.78 | 3.4 Mil | municipal |
NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% | 1.55 | 3.0 Mil | municipal |
JEFFERSON CNTY ALA SWR REV 5% | 1.44 | 2.7 Mil | municipal |
J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5% | 1.42 | 2.7 Mil | municipal |
10 Year Treasury Note Future June 24 | 1.39 | 2.7 Mil | Government |
NEW JERSEY ST TPK AUTH TPK REV 4% | 1.34 | 2.6 Mil | municipal |
DISTRICT COLUMBIA 4% | 1.20 | 2.3 Mil | municipal |
INDIANAPOLIS IND LOC PUB IMPT BD BK 5% | 1.18 | 2.3 Mil | municipal |
MASSACHUSETTS ST 5% | 1.12 | 2.1 Mil | municipal |
FAIRFAX CNTY VA 4% | 1.09 | 2.1 Mil | municipal |