Federated Hermes Municipal Bond Fund Class Institutional Shares (LMBIX)

Fund Assets	190.68M
Expense Ratio	0.605%
Min. Investment	$1,000,000
Turnover	37.00%
Dividend (ttm)	0.36
Dividend Yield	3.96%
Dividend Growth	7.97%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.91
YTD Return	-2.81%
1-Year Return	-1.90%
5-Year Return	-3.27%
52-Week Low	8.79
52-Week High	9.59
Beta (5Y)	0.06
Holdings	157
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.

• Fund Family: Federated
• Category: Muni National Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: LMBIX
• Share Class: Institutional Shares
• Index: S&P Municipal Bond TR USD

Performance

LMBIX had a total return of -1.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.33%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LMFFX	Class F Shares	0.83%
LMSFX	Class A Shares	0.83%
LMSCX	Class C Shares	1.58%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02984	Sep 30, 2026
Aug 31, 2026	$0.03042	Aug 31, 2026
Jul 31, 2026	$0.03062	Jul 31, 2026
Jun 30, 2026	$0.02993	Jun 30, 2026
May 29, 2026	$0.03087	May 29, 2026
Apr 30, 2026	$0.02902	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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