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Morningstar

Federated Hermes Municipal Bond C LMSCX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.53  /  0.21 %
  • Total Assets 257.2 Mil
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.580%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 1.95%
  • Effective Duration 9.00 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis LMSCX

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

People Pillar

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

Federated Hermes Municipal Bond C's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings LMSCX

More LMSCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 163
  • Other Holdings 0
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.94
4,522,917
municipal

NEW YORK N Y 5%

1.42
3,313,676
municipal

MINNESOTA ST 5%

1.42
3,306,640
municipal

AUSTIN TEX ELEC UTIL SYS REV 5%

1.35
3,160,812
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.33
3,111,468
municipal

WASHINGTON ST 5%

1.29
3,023,480
municipal

LOUISIANA STAD & EXPOSITION DIST REV 5%

1.29
3,023,346
municipal

ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5%

1.29
3,013,787
municipal

ILLINOIS FIN AUTH REV 5%

1.29
3,011,120
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

1.28
2,991,030
municipal