Federated Hermes Municipal Bond IS (LMBIX)
| Fund Assets | 218.67M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.50% |
| Dividend Growth | 11.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 9.52 |
| YTD Return | 0.12% |
| 1-Year Return | 0.13% |
| 5-Year Return | 0.26% |
| 52-Week Low | 9.01 |
| 52-Week High | 9.75 |
| 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 0.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.55%.
Top 10 Holdings
14.56% of assets| Name | Symbol | Weight |
|---|---|---|
| MINNESOTA ST 5% | MN.MNS 5 08.01.2036 | 2.36% |
| SALT LAKE CITY UTAH ARPT REV 5.5% | UT.SALAPT 5.5 07.01.2050 | 1.47% |
| HUTTO TEX INDPT SCH DIST 5% | TX.HTOSCD 5 08.01.2048 | 1.44% |
| INDIANAPOLIS IND LOC PUB IMPT BD BK 5.25% | IN.INPGEN 5.25 03.01.2067 | 1.43% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2052 | 1.43% |
| LOUISIANA STAD & EXPOSITION DIST REV 5% | LA.LASFAC 5 07.01.2048 | 1.42% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.54% | AL.BBEUTL 04.01.2053 | 1.36% |
| BOSTON MASS 5% | MA.BOS 5 02.01.2040 | 1.27% |
| SAN ANTONIO TEX ELEC & GAS REV 5.25% | TX.SANUTL 5.25 02.01.2049 | 1.22% |
| CHARLOTTE N C ARPT REV 5% | NC.CHAAPT 5 07.01.2032 | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.02957 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02865 | Sep 30, 2025 |
| 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 |