Federated Hermes Municipal Bond IS (LMBIX)
| Fund Assets | 215.13M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.25% |
| Dividend Growth | 10.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.15 |
| YTD Return | -3.67% |
| 1-Year Return | -3.86% |
| 5-Year Return | -3.22% |
| 52-Week Low | 9.01 |
| 52-Week High | 9.78 |
| Beta (5Y) | n/a |
| Holdings | 163 |
| Inception Date | Oct 4, 1976 |
About LMBIX
Federated Hermes Municipal Bond Fund, Inc. Institutional Shares is an actively managed mutual fund focused on generating a high level of current income that is exempt from federal regular income tax. This fund primarily invests in a diversified portfolio of municipal securities, targeting investments with longer maturities consistent with the Muni National Long category. Its holdings span numerous issuers, offering exposure to a broad slice of the municipal bond market, which supports essential public projects such as infrastructure, education, and healthcare. Managed with an emphasis on credit quality and interest rate sensitivity, the fund is tailored to institutional investors, reflecting a high minimum investment requirement. Monthly dividend distributions and a below-average risk profile further distinguish this fund, making it a notable fixture for institutions seeking federally tax-exempt income while participating in municipal financing efforts across the United States.
Performance
LMBIX had a total return of -3.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.11%.
Top 10 Holdings
13.85% of assets| Name | Symbol | Weight |
|---|---|---|
| MINNESOTA ST - State of Minnesota | MN.MNS 5 08.01.2036 | 2.27% |
| INDIANAPOLIS IN LOCAL PUBLIC I - Indianapolis Local Public Improvement Bond Bank | IN.INPGEN 5.25 03.01.2067 | 1.39% |
| HUTTO TX INDEP SCH DIST - Hutto Independent School District | TX.HTOSCD 5 08.01.2048 | 1.39% |
| MASSACHUSETTS ST TRANSPRTN FUN - Commonwealth of Massachusetts Transportation Fund Revenue | MA.MASTRN 5 06.01.2052 | 1.39% |
| Louisiana Stadium & Exposition District | LA.LASFAC 5 07.01.2048 | 1.37% |
| BLACK BELT ENERGY GAS DIST AL - Black Belt Energy Gas District | AL.BBEUTL 04.01.2053 | 1.34% |
| City of Boston MA | MA.BOS 5 02.01.2040 | 1.23% |
| SAN ANTONIO TX ELEC & GAS REVE - City of San Antonio TX Electric & Gas Systems Revenue | TX.SANUTL 5.25 02.01.2049 | 1.19% |
| COLORADO ST COPS - State of Colorado | CO.COSCTF 6 12.15.2041 | 1.17% |
| CHARLOTTE NC ARPT REVENUE - City of Charlotte NC Airport Revenue | NC.CHAAPT 5 07.01.2032 | 1.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02921 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02882 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02786 | Jun 30, 2025 |
| May 30, 2025 | $0.02866 | May 30, 2025 |
| Apr 30, 2025 | $0.02763 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02835 | Mar 31, 2025 |