Federated Hermes Municipal Bond Fund Class F Shares (LMFFX)
| Fund Assets | 218.47M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,500 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.26% |
| Dividend Growth | 12.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.60 |
| YTD Return | 2.03% |
| 1-Year Return | 0.63% |
| 5-Year Return | 1.00% |
| 52-Week Low | 8.94 |
| 52-Week High | 9.64 |
| Beta (5Y) | n/a |
| Holdings | 151 |
| Inception Date | Oct 4, 1976 |
About LMFFX
Federated Hermes Municipal Bond Fund Class F Shares is an open-end mutual fund primarily focused on providing a high level of current income exempt from federal regular income tax. Structured as a long-duration muni national fund, it invests in a diversified portfolio of municipal bonds issued by various state and local governments across the United States, which are typically used to finance public projects. The fund spreads its assets across numerous states and sectors to help mitigate credit and sector-specific risks, maintaining an average portfolio duration exceeding six years. Notable characteristics include its monthly dividend distributions, a moderate expense ratio, and a history of consistent income generation. By concentrating on U.S. municipal securities, the fund plays an important role for investors seeking federally tax-exempt income and diversification within the fixed income segment of their portfolios. Managed by a team at Federated Hermes, the fund is benchmarked against prominent municipal bond indices and is recognized for its long-term approach to capital preservation and modest income appreciation within the municipal bond market context.
Performance
LMFFX had a total return of 0.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.21%.
Top 10 Holdings
14.42% of assets| Name | Symbol | Weight |
|---|---|---|
| MINNESOTA ST - State of Minnesota | MN.MNS 5 08.01.2036 | 2.34% |
| SALT LAKE CITY UT ARPT REVENUE - City of Salt Lake City UT Airport Revenue | UT.SALAPT 5.5 07.01.2050 | 1.45% |
| HUTTO TX INDEP SCH DIST - Hutto Independent School District | n/a | 1.43% |
| INDIANAPOLIS IN LOCAL PUBLIC I - Indianapolis Local Public Improvement Bond Bank | IN.INPGEN 5.25 03.01.2067 | 1.42% |
| MASSACHUSETTS ST TRANSPRTN FUN - Commonwealth of Massachusetts Transportation Fund Revenue | MA.MASTRN 5 06.01.2052 | 1.42% |
| Louisiana Stadium & Exposition District | LA.LASFAC 5 07.01.2048 | 1.40% |
| 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 | 1.26% |
| SAN ANTONIO TX ELEC & GAS REVE - City of San Antonio TX Electric & Gas Systems Revenue | n/a | 1.21% |
| CHARLOTTE NC ARPT REVENUE - City of Charlotte NC Airport Revenue | NC.CHAAPT 5 07.01.2032 | 1.15% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.0267 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02751 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02664 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0273 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0269 | Jul 31, 2025 |
| Jun 30, 2025 | $0.026 | Jun 30, 2025 |