Morningstar

Federated Hermes Intermediate Municipal Fund Institutional Shares FIMYX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $9.48  /  +0.21 %
  • Fund Size $184.2M
  • Adjusted Expense Ratio 0.450%
  • Net Expense Ratio 0.450%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 3.49%
  • Average Effective Duration 5.90 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FIMYX

Will FIMYX outperform in the 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 FIMYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FIMYX 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 FIMYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Intermediate Muni IS holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings FIMYX

More FIMYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ILLINOIS ST 5.5%

1.62 3M
municipal

SALT LAKE CITY UTAH ARPT REV 5%

1.35 3M
municipal

NORTH CAROLINA ST LTD OBLIG 4%

1.33 3M
municipal

LOWER ALA GAS DIST GAS PROJ REV 5%

1.30 3M
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

1.18 2M
municipal

SALES TAX SECURITIZATION CORP ILL 5%

1.14 2M
municipal

KING CNTY WASH 5%

1.11 2M
municipal

DISTRICT COLUMBIA 4%

1.11 2M
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

1.11 2M
municipal

UNIVERSITY UTAH UNIV REVS 5%

1.10 2M
municipal

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