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Morningstar

Federated Hermes Short-Interm Muni IS FSHIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.73  /  0.10 %
  • Total Assets 155.2 Mil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.20%
  • Effective Duration 2.30 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:15 PM GMT+0

Morningstar’s Analysis FSHIX

Will FSHIX 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 FSHIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSHIX

More FSHIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 207
  • Other Holdings 2
  • % Assets in Top 10 Holdings 18.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GEISINGER AUTH PA HEALTH SYS REV 4.557%

2.62
12,545,766
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5.3%

2.18
10,450,000
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5.11%

2.09
10,013,654
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.26%

2.09
10,010,483
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.2%

1.80
8,630,826
municipal

DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 4.51%

1.75
8,375,000
municipal

MIZUHO FLOATER / RESIDUAL TR VAR STS 4.2%

1.57
7,500,000
municipal

CLARK CNTY NEV ARPT REV 5%

1.47
7,047,084
municipal

COLUMBIA ALA INDL DEV BRD POLLUTN CTL REV 3.81%

1.46
7,000,000
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.214%

1.46
6,998,039
municipal