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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.93

$401 M

2.27%

$0.23

0.82%

Vitals

YTD Return

0.4%

1 yr return

3.2%

3 Yr Avg Return

0.1%

5 Yr Avg Return

0.7%

Net Assets

$401 M

Holdings in Top 10

20.4%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load 1.00%

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.93

$401 M

2.27%

$0.23

0.82%

FMTAX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Short-Intermediate Municipal Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Dec 20, 2006
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeff Kozemchak

Fund Description

The Fund pursues its objective by investing its assets so that normally distributions of annual interest income are exempt from federal regular income tax. The Adviser may invest the Fund’s assets without limitation in securities whose interest may be subject to (or may be a specific preference item for purposes of) the federal alternative minimum tax (AMT) for individuals. With respect to such investments, interest from the Fund’s investments may be subject to (or may be a specific preference item for purposes of) the AMT.The Fund does not limit itself to securities of a particular maturity range. The Fund’s dollar-weighted average portfolio duration will be less than five years. “Duration” measures the sensitivity of a security’s price to changes in interest rates. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook.The Fund will invest at least a majority of its assets in securities rated investment-grade (or unrated securities of comparable quality), and may purchase securities rated below investment-grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets. Investment-grade securities are securities that receive investment-grade ratings (i.e., generally ratings in the first, second, third or fourth highest rating category) by a nationally recognized statistical rating organization (NRSRO) or unrated securities of comparable quality. For example, securities rated AAA, AA, A or BBB (including modifiers, sub-categories or gradations) by Standard & Poor’s, an NRSRO, would be rated in the first, second, third or fourth ratings category, respectively. Securities rated below investment grade (or noninvestment-grade securities) are securities that do not receive investment-grade ratings (i.e., generally ratings below one of the four highest rating categories) by an NRSRO or unrated securities of comparable quality. For example, securities rated B or BB (including modifiers, sub-categories or gradations) by Standard & Poor’s would be noninvestment-grade securities. The presence of a ratings modifier, sub-category, or gradation (for example, a (+) or (-)) is intended to show relative standing within the major rating categories and does not affect the security credit rating for purposes of the Fund’s investment parameters. The Fund does not have a specific minimum quality rating.The securities in which the Fund may principally invest include tax-exempt securities, which may include, for example, general obligation bonds, special revenue bonds, private activity bonds, inverse floaters, municipal mortgage-backed securities, variable rate demand instruments and municipal notes. Certain of the tax-exempt securities in which the Fund invests may be subject to credit enhancement. The Fund also may principally invest in derivative contracts, in particular, futures contracts, option contracts and swap contracts, and/or hybrid instruments to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative or hybrid instrument in an attempt to benefit from changes in the value of the underlying instrument(s), to gain exposure to the municipal bond sector, to increase or decrease the effective duration of the Fund’s portfolio or to hedge against potential losses. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund also may invest in certain securities or other investments (such as market discount bonds, credit default swaps and other derivative transactions) that will likely cause the Fund to realize a limited amount of ordinary income or short-term capital gains (which are treated as ordinary income for federal income tax purposes).Under normal circumstances, the Fund will invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.
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FMTAX - Performance

Return Ranking - Trailing

Period FMTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.7% 12.2% 14.73%
1 Yr 3.2% -3.0% 38.5% 52.94%
3 Yr 0.1%* -10.3% 3.3% 12.89%
5 Yr 0.7%* -5.7% 1102.9% 68.77%
10 Yr 0.7%* -0.2% 248.3% 96.31%

* Annualized

Return Ranking - Calendar

Period FMTAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -1.4% 41.0% 80.57%
2022 -5.1% -39.7% 0.3% 9.26%
2021 -0.8% -5.6% 6.9% 63.36%
2020 0.6% -2.6% 310.0% 90.33%
2019 1.5% 0.0% 26.0% 94.87%

Total Return Ranking - Trailing

Period FMTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.7% 12.2% 14.73%
1 Yr 3.2% -3.0% 38.5% 52.94%
3 Yr 0.1%* -10.3% 3.3% 12.89%
5 Yr 0.7%* -5.7% 1102.9% 68.77%
10 Yr 0.7%* -0.2% 248.3% 96.31%

* Annualized

Total Return Ranking - Calendar

Period FMTAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -1.3% 41.0% 83.87%
2022 -4.2% -39.7% 1.1% 10.45%
2021 -0.1% -4.8% 23761504.0% 88.69%
2020 1.8% -1.5% 17057.9% 90.87%
2019 2.9% 0.2% 3514.6% 94.45%

NAV & Total Return History


FMTAX - Holdings

Concentration Analysis

FMTAX Category Low Category High FMTAX % Rank
Net Assets 401 M 3.48 M 68.1 B 49.00%
Number of Holdings 183 2 12848 63.14%
Net Assets in Top 10 82.8 M -317 M 3.4 B 48.00%
Weighting of Top 10 20.45% 1.9% 100.4% 38.10%

Top 10 Holdings

  1. JPMorgan Chase Putters/Drivers Trust 2.77%
  2. Lancaster Port Authority 2.75%
  3. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 2.48%
  4. California Infrastructure Economic Development Bank 2.20%
  5. County of Meade KY 1.98%
  6. Columbia Industrial Development Board 1.74%
  7. State of Illinois 1.69%
  8. Parish of St John the Baptist LA 1.64%
  9. Black Belt Energy Gas District 1.61%
  10. Pennsylvania Economic Development Financing Authority 1.59%

Asset Allocation

Weighting Return Low Return High FMTAX % Rank
Bonds
99.94% 0.00% 150.86% 15.00%
Cash
0.06% -50.86% 50.09% 86.73%
Stocks
0.00% 0.00% 99.80% 58.08%
Preferred Stocks
0.00% 0.00% 0.52% 52.32%
Other
0.00% -8.54% 33.35% 54.06%
Convertible Bonds
0.00% 0.00% 0.93% 52.26%

Bond Sector Breakdown

Weighting Return Low Return High FMTAX % Rank
Municipal
98.85% 44.39% 100.00% 42.37%
Derivative
0.00% -8.54% 23.38% 52.19%
Cash & Equivalents
0.00% 0.00% 48.02% 79.51%
Securitized
0.00% 0.00% 5.93% 52.98%
Corporate
0.00% 0.00% 9.41% 60.67%
Government
0.00% 0.00% 52.02% 56.08%

Bond Geographic Breakdown

Weighting Return Low Return High FMTAX % Rank
US
99.94% 0.00% 142.23% 13.66%
Non US
0.00% 0.00% 23.89% 56.83%

FMTAX - Expenses

Operational Fees

FMTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 20.65% 41.35%
Management Fee 0.39% 0.00% 1.20% 35.48%
12b-1 Fee 0.00% 0.00% 1.00% 8.75%
Administrative Fee 0.10% 0.01% 0.44% 41.38%

Sales Fees

FMTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.00% 0.50% 4.75% 98.87%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FMTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 283.00% 26.98%

FMTAX - Distributions

Dividend Yield Analysis

FMTAX Category Low Category High FMTAX % Rank
Dividend Yield 2.27% 0.00% 14.36% 74.82%

Dividend Distribution Analysis

FMTAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMTAX Category Low Category High FMTAX % Rank
Net Income Ratio 0.78% -0.53% 5.33% 91.91%

Capital Gain Distribution Analysis

FMTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FMTAX - Fund Manager Analysis

Managers

Jeff Kozemchak


Start Date

Tenure

Tenure Rank

Jun 30, 1996

25.93

25.9%

Mr. Kozemchak joined Federated in 1987 and has been a Senior Portfolio Manager since 1996 and a Senior Vice President of Federated since 1999. He was a Portfolio Manager until 1996 and a Vice President of Federated from 1993 to 1998. Mr. Kozemchak has received the Chartered Financial Analyst designation and his M.S. in Industrial Administration from Carnegie Mellon University in 1987.

Mary Ochson


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

Ms. Ochson joined Federated Investment Management Company in 1982 as a portfolio manager and Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group. She was appointed Senior Vice President in 2004. Ms. Ochson has received the Chartered Financial Analyst designation and a M.B.A. from University of Pittsburgh. Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58