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Morningstar

Federated Hermes Municipal Bond F LMFFX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.01  /  0.87 %
  • Total Assets 238.0 Mil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level —
  • Share Class Type —
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.64%
  • Effective Duration 9.00 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis LMFFX

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

People Pillar

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

Federated Hermes Municipal Bond F's Average People Pillar and Process 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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LMFFX

More LMFFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 163
  • Other Holdings 1
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.93
4,874,344
municipal

MINNESOTA ST 5%

1.39
3,507,116
municipal

AUSTIN TEX ELEC UTIL SYS REV 5%

1.35
3,403,134
municipal

NEW YORK N Y 5%

1.34
3,397,736
municipal

SEATTLE WASH MUN LT & PWR REV 4%

1.30
3,290,497
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.29
3,265,898
municipal

LOUISIANA STAD & EXPOSITION DIST REV 5%

1.27
3,207,498
municipal

ILLINOIS FIN AUTH REV 5%

1.23
3,114,603
municipal

ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5%

1.22
3,081,083
municipal

WASHINGTON ST 5%

1.22
3,080,088
municipal