Morningstar

Federated Hermes Municipal Bond Fund Class A Shares LMSFX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $9.12  /  +0.22 %
  • Fund Size $193.8M
  • Adjusted Expense Ratio 0.830%
  • Net Expense Ratio 0.830%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Muni National Long
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,500
  • Investment Status Open
  • TTM Yield 3.73%
  • Average Effective Duration 8.90 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis LMSFX

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

  • People Pillar

    The People Pillar is our evaluation of the LMSFX 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 LMSFX’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 A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings LMSFX

More LMSFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 3.05%

1.77 4M
municipal

ILLINOIS ST 5.25%

1.55 3M
municipal

SALT LAKE CITY UTAH ARPT REV 5.5%

1.54 3M
municipal

HUTTO TEX INDPT SCH DIST 5%

1.50 3M
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 5.25%

1.49 3M
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.49 3M
municipal

LOUISIANA STAD & EXPOSITION DIST REV 5%

1.48 3M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.32%

1.42 3M
municipal

BOSTON MASS 5%

1.33 3M
municipal

BIRMINGHAM ALA SPL CARE FACS FING AUTH HEALTH CARE FAC REV 5.25%

1.27 3M
municipal

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