Federated Hermes Municipal Bond A (LMSFX)
| Fund Assets | 215.13M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,500 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.91% |
| Dividend Growth | 10.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.19 |
| YTD Return | -3.21% |
| 1-Year Return | -3.14% |
| 5-Year Return | -3.94% |
| 52-Week Low | 9.05 |
| 52-Week High | 9.82 |
| Beta (5Y) | 0.28 |
| Holdings | 163 |
| Inception Date | Oct 4, 1976 |
About LMSFX
Federated Hermes Municipal Bond Fund Class A Shares is an open-ended mutual fund that invests primarily in tax-exempt municipal securities across the United States. Its central objective is to provide shareholders with a high level of current income exempt from federal regular income tax. The fund focuses on investment-grade municipal bonds, typically rated BBB or higher by major credit agencies, and often targets long-term securities with maturities of ten years or more. Portfolio construction is guided by fundamental analysis, considering economic feasibility, the fiscal health of issuers, political developments, interest rates, inflation, and market supply-demand factors. The fund's benchmark indices include the S&P Municipal Bond Investment Grade Index, emphasizing its alignment with the broader U.S. municipal bond market. With a diversified portfolio across over 160 holdings and managed by Federated Investment Management Company, this fund serves as a vehicle for investors seeking federally tax-exempt income and exposure to high-quality municipal debt instruments, playing a significant role in the muni national long category of fixed income mutual funds.
Performance
LMSFX had a total return of -3.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.09%.
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 |
|---|---|---|
| Jul 31, 2025 | $0.02692 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02601 | Jun 30, 2025 |
| May 30, 2025 | $0.02673 | May 30, 2025 |
| Apr 30, 2025 | $0.02576 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0262 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02302 | Feb 28, 2025 |