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Morningstar

Federated Hermes MI Intmdt Muni A MMIFX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Investment Hub
  • NAV / 1-Day Return 10.28  /  0.10 %
  • Total Assets 46.5 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.870%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 1.63%
  • Effective Duration 3.70 years

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:12 PM GMT+0

Morningstar’s Analysis MMIFX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Federated Hermes MI Intmdt Muni A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral. 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 MMIFX

More MMIFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 60
  • Other Holdings 0
  • % Assets in Top 10 Holdings 31.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY MICH UNIV REVS 4%

4.14
2,117,520
municipal

MICHIGAN ST HOSP FIN AUTH REV 4%

4.08
2,084,507
municipal

MICHIGAN FIN AUTH REV 5%

4.01
2,049,200
municipal

DEARBORN MICH SCH DIST 5%

3.96
2,027,175
municipal

BISHOP INTL ARPT AUTH MICH 4.5%

3.31
1,692,431
municipal

CALHOUN CNTY MICH REV 4%

2.85
1,456,388
municipal

MICHIGAN ST UNIV REVS 5%

2.74
1,400,128
municipal

ANN ARBOR MICH SCH DIST PUB SCHS 5%

2.62
1,340,213
municipal

ANN ARBOR MICH 4%

2.61
1,335,845
municipal

SOUTHFIELD MICH LIBR BLDG AUTH 5%

2.22
1,134,708
municipal