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Federated Hermes Municipal Bond A LMSFX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 9.54  /  −0.21 %
  • Total Assets 255.1 Mil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 2.74%
  • Effective Duration 8.70 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 10:15 PM GMT+0

Morningstar’s Analysis LMSFX

Will LMSFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Strength in Federated Hermes Municipal Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to 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.

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Portfolio Holdings LMSFX

  • 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