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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 9.88  /  0.00
  • Total Assets 384.8 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 1.0 Mil
  • Status Open
  • TTM Yield 2.57%
  • Effective Duration 2.70 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:13 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.

Federated Hermes Short-Interm Muni IS's Average Process Pillar and People Pillar ratings result in 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 —
  • 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