Federated Hermes Short-Intermediate Duration Municipal Trust Class A Shares (FMTAX)
| Fund Assets | 391.31M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.39% |
| Dividend Growth | 3.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 10.06 |
| YTD Return | -0.20% |
| 1-Year Return | 2.16% |
| 5-Year Return | 5.23% |
| 52-Week Low | 9.77 |
| 52-Week High | 10.16 |
| Beta (5Y) | 0.11 |
| Holdings | 197 |
| Inception Date | Dec 11, 2006 |
About FMTAX
Federated Hermes Short-Intermediate Duration Municipal Trust Class A Shares is an open-end municipal bond mutual fund focused on providing dividend income that is generally exempt from federal regular income tax. The fund invests primarily in short- to intermediate-maturity municipal securities, targeting limited interest-rate sensitivity while seeking consistent tax-exempt income through monthly distributions. Its portfolio spans a broad mix of state and local issuers across essential-service revenue and general obligation bonds, with the flexibility to hold both investment-grade and, to a limited extent, below-investment-grade municipal debt to manage yield and credit opportunities. The strategy emphasizes diversified exposure across sectors and geographies, maintaining a moderate effective duration profile typical of the national short muni category. With a long operating history and a defined objective centered on tax-advantaged income, it serves as a core tax-exempt fixed income allocation for investors seeking lower volatility than longer-duration municipal strategies and a focus on federally tax-exempt interest income. The fund’s approach and disclosures note potential exposure to the Alternative Minimum Tax and the applicability of state and local taxes on distributions.
Performance
FMTAX had a total return of 2.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.44%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02291 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01991 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02224 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02313 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02222 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02276 | Oct 31, 2025 |