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Morningstar

Federated Hermes Intermediate Muni IS FIMYX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.49  /  0.11 %
  • Total Assets 154.0 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.88%
  • Effective Duration 5.90 years

USD | NAV as of Nov 27, 2023 | 1-Day Return as of Nov 27, 2023, 11:13 PM GMT+0

Morningstar’s Analysis FIMYX

Will FIMYX 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 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.

Strength in Federated Hermes Intermediate Muni IS's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FIMYX

More FIMYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 170
  • Other Holdings 0
  • % Assets in Top 10 Holdings 14.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

2.22
2,746,255
municipal

FAIRFAX CNTY VA 4%

1.62
2,005,737
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.55%

1.52
1,879,722
municipal

UNIVERSITY N C CHAPEL HILL REV 4.208%

1.46
1,810,622
municipal

PUERTO RICO COMWLTH 4%

1.36
1,678,868
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 5%

1.34
1,654,814
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

1.29
1,595,998
municipal

TEXAS A & M UNIV PERM UNIV FD 5%

1.28
1,587,041
municipal

PORT AUTH N Y & N J 4%

1.19
1,470,449
municipal

LIBERTY HILL TEX INDPT SCH DIST 5%

1.18
1,461,990
municipal