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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 9.57  /  −0.10 %
  • Total Assets 255.1 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 2.00%
  • Effective Duration 8.70 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:24 AM 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.

Strength in Federated Hermes Municipal Bond C's People Pillar is partially offset by an Average Process Pillar rating, leading 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LMSCX

More LMSCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % 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%

1.96 5.0 Mil
municipal

MINNESOTA ST 5%

1.38 3.5 Mil
municipal

AUSTIN TEX ELEC UTIL SYS REV 5%

1.34 3.4 Mil
municipal

NEW YORK N Y 5%

1.31 3.3 Mil
municipal

SEATTLE WASH MUN LT & PWR REV 4%

1.28 3.3 Mil
municipal

HUTTO TEX INDPT SCH DIST 5%

1.28 3.3 Mil
municipal

LOUISIANA STAD & EXPOSITION DIST REV 5%

1.26 3.2 Mil
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 5.25%

1.26 3.2 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.25 3.2 Mil
municipal

J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5%

1.25 3.2 Mil
municipal