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Federated Hermes Short-Interm Muni A FMTAX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.93  /  +0.01 %
  • Total Assets 379.6 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 2.41%
  • Effective Duration 2.90 years

USD | NAV as of Jun 18, 2024 | 1-Day Return as of Jun 18, 2024, 11:53 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.

Federated Hermes Short-Interm Muni A's Average Process Pillar and People 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.

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Portfolio Holdings FMTAX

  • 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