Federated Hermes Municipal Bond Fund Class F Shares (LMFFX)
| Fund Assets | 209.47M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,500 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.37% |
| Dividend Growth | 11.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 9.56 |
| YTD Return | 1.63% |
| 1-Year Return | 5.80% |
| 5-Year Return | -0.31% |
| 52-Week Low | 9.11 |
| 52-Week High | 9.63 |
| Beta (5Y) | n/a |
| Holdings | 158 |
| 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 5.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.65%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.02888 | May 29, 2026 |
| Apr 30, 2026 | $0.0271 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02749 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0256 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02783 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02775 | Dec 31, 2025 |