FMUSX – Federated Hermes Municipal Ultrashort IS Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income exempt from federal regular income tax. The fund will invest at least 65% of its assets in securities rated investment-grade without regard to the maturity of the securities and may purchase securities rated below investment-grade without regard to the maturity of the securities up to 35% of its assets. It will normally invest so that at least 80% of its net assets are in tax-exempt securities or at least 80% of its annual interest income is exempt from federal regular income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMUUX	Federated Hermes Municipal Ultrashort Fund Class A Shares	No Load	Open			Oct 24, 2000	$405.36M	0.510%	Above Average	$1,500	$88.86M
FMUSX	Federated Hermes Municipal Ultrashort Fund Institutional Shares	Institutional	Open			Oct 24, 2000	$1.05B	0.360%	Average	$1M	$63.96M
FMULX	Federated Hermes Municipal UltraShort Fund Class R6 Shares	Retirement, Large	Open			May 29, 2019	$82.62M	0.340%	Below Average	$0	$10.21M

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