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Morningstar

Federated Hermes Short-Interm Muni A FMTAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.88  /  0.00 %
  • Total Assets 556.3 Mil
  • Adj. Expense Ratio
    0.710%
  • 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 1.10%
  • Effective Duration 1.80 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

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.

Summary

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Federated Hermes Short-Interm Muni A's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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