Federated Hermes Municipal Bond Fund Class Institutional Shares (LMBIX)
| Fund Assets | 212.71M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.58% |
| Dividend Growth | 12.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.54 |
| YTD Return | 1.27% |
| 1-Year Return | 4.28% |
| 5-Year Return | 2.48% |
| 52-Week Low | 8.74 |
| 52-Week High | 9.55 |
| Beta (5Y) | n/a |
| Holdings | 151 |
| 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 4.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.41%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02987 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02979 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02869 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02957 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02865 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02921 | Aug 29, 2025 |