Morningstar

Federated Hermes Municipal Bond Fund Class Institutional Shares LMBIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.47  /  0.00
  • Total Assets 208.1M
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.68%
  • Effective Duration 9.10 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis LMBIX

Will LMBIX outperform in the 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 LMBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Municipal Bond IS holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings LMBIX

More LMBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC FIN AUTH WIS HEALTH CARE SYS REV 2.55%

1.61 3M
municipal

ILLINOIS ST 5.25%

1.48 3M
municipal

SALT LAKE CITY UTAH ARPT REV 5.5%

1.48 3M
municipal

HUTTO TEX INDPT SCH DIST 5%

1.45 3M
municipal

LOUISIANA STAD & EXPOSITION DIST REV 5%

1.44 3M
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.44 3M
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 5.25%

1.44 3M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.07%

1.40 3M
municipal

MINNESOTA ST 5%

1.29 3M
municipal

BOSTON MASS 5%

1.29 3M
municipal

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