Federated Hermes Municipal Bond C (LMSCX)
| Fund Assets | 214.62M |
| Expense Ratio | 1.58% |
| Min. Investment | $1,500 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.45% |
| Dividend Growth | 15.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.44 |
| YTD Return | -0.92% |
| 1-Year Return | -2.04% |
| 5-Year Return | -4.34% |
| 52-Week Low | 9.06 |
| 52-Week High | 9.83 |
| Beta (5Y) | n/a |
| Holdings | 163 |
| Inception Date | Oct 4, 1976 |
About LMSCX
Federated Hermes Municipal Bond Fund Class C Shares is a mutual fund focused on providing investors with current income that is generally exempt from federal regular income taxes. This fund primarily invests in a diversified portfolio of long-term U.S. municipal bonds, which are debt securities issued by state and local governments or their agencies. As an actively managed fund, it seeks capital preservation and moderate appreciation by targeting high-quality municipal securities, appealing to individuals and institutions interested in tax-advantaged income streams. Established in 1993, the fund follows a "Muni National Long" strategy, which means it holds bonds from a wide range of municipalities across the United States with longer maturities. The fund's structure as "Class C Shares" typically involves higher ongoing expenses in exchange for lower upfront costs, making it suitable for investors with specific time horizons. With its focus on municipal bonds, this fund plays a significant role in fixed income markets, offering exposure to public sector infrastructure and community development while helping investors manage income tax obligations.
Performance
LMSCX had a total return of -2.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.60%.
Top 10 Holdings
13.85% of assets| Name | Symbol | Weight |
|---|---|---|
| MINNESOTA ST - State of Minnesota | MN.MNS 5 08.01.2036 | 2.27% |
| INDIANAPOLIS IN LOCAL PUBLIC I - Indianapolis Local Public Improvement Bond Bank | IN.INPGEN 5.25 03.01.2067 | 1.39% |
| HUTTO TX INDEP SCH DIST - Hutto Independent School District | TX.HTOSCD 5 08.01.2048 | 1.39% |
| MASSACHUSETTS ST TRANSPRTN FUN - Commonwealth of Massachusetts Transportation Fund Revenue | MA.MASTRN 5 06.01.2052 | 1.39% |
| Louisiana Stadium & Exposition District | LA.LASFAC 5 07.01.2048 | 1.37% |
| 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 | 1.23% |
| SAN ANTONIO TX ELEC & GAS REVE - City of San Antonio TX Electric & Gas Systems Revenue | TX.SANUTL 5.25 02.01.2049 | 1.19% |
| COLORADO ST COPS - State of Colorado | CO.COSCTF 6 12.15.2041 | 1.17% |
| CHARLOTTE NC ARPT REVENUE - City of Charlotte NC Airport Revenue | NC.CHAAPT 5 07.01.2032 | 1.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02141 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02102 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02027 | Jun 30, 2025 |
| May 30, 2025 | $0.02077 | May 30, 2025 |
| Apr 30, 2025 | $0.01999 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02016 | Mar 31, 2025 |