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Trending ETFs

Federated Hermes Intermediate Municipal Fund

mutual fund
FIMYX
Payout Change
Pending
Price as of:
$9.78 -0.01 -0.1%
primary theme
Municipal Bond
share class
Instl (FIMYX) A (FIMTX)
FIMYX (Mutual Fund)

Federated Hermes Intermediate Municipal Fund

Payout Change
Pending
Price as of:
$9.78 -0.01 -0.1%
primary theme
Municipal Bond
share class
Instl (FIMYX) A (FIMTX)
FIMYX (Mutual Fund)

Federated Hermes Intermediate Municipal Fund

Payout Change
Pending
Price as of:
$9.78 -0.01 -0.1%
primary theme
Municipal Bond
share class
Instl (FIMYX) A (FIMTX)

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Intermediate Municipal Fund

FIMYX | Fund

$9.78

$184 M

3.10%

$0.30

0.73%

Vitals

YTD Return

2.3%

1 yr return

8.7%

3 Yr Avg Return

0.4%

5 Yr Avg Return

1.3%

Net Assets

$184 M

Holdings in Top 10

13.1%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Intermediate Municipal Fund

FIMYX | Fund

$9.78

$184 M

3.10%

$0.30

0.73%

FIMYX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Intermediate Municipal Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Oct 06, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard Gallo

Fund Description

The Fund pursues its objective by investing its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax. The Fund’s investment adviser (“Adviser”) may invest the Fund’s assets without limitation in investments the interest from which (while exempt from the federal regular income tax) may be subject to the federal alternative minimum tax for individuals (AMT). The Adviser may lengthen or shorten the duration of the Fund’s portfolio from time to time based on its interest rate outlook. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.At least 75% of the Fund’s portfolio securities will be investment grade or of comparable quality. The Fund’s Adviser expects that, normally, up to 15% of the Fund’s total assets may be invested in securities rated below investment grade (or unrated securities of comparable quality), which are also known as junk bonds. The Adviser may opportunistically invest up to 25% of the Fund’s total assets in securities rated below investment grade (or unrated securities of comparable quality). Investment-grade securities are securities that receive investment-grade ratings (i.e., generally ratings in the first, second, third or fourth highest rating categories) by a nationally recognized statistical rating organization (NRSRO) or unrated securities of comparable quality. For example, securities rated “AAA,” “AA,” “A” or “BBB” (including modifiers, sub-categories or gradations) by S&PGlobal Ratings(“S&P Global”), an NRSRO, would be rated in the first, second, third or fourth ratings categories, respectively. Securities rated below investment grade (or noninvestment-grade securities) are securities that do not receive investment-grade ratings (i.e., generally ratings below one of the four highest rating categories) by an NRSRO or unrated securities of comparable quality. For example, securities rated B or BB (including modifiers, sub-categories or gradations) by S&P Global, an NRSRO, would be noninvestment-grade securities. The presence of a ratings modifier, sub-category, or gradation (for example, a (+) or (-)) is intended to show relative standing within the major rating categories and does not affect the security credit rating for purposes of the Fund’s investment parameters. The Fund does not have a specific minimum quality rating. The Adviser considers among other factors, a security’s duration (or sensitivity of a security’s price to changes in interest rates), credit quality and structural attributes (such as call protection) in seeking to select securities for the Fund’s portfolio that offer, or that are in sectors that offer, enhanced levels of income. The Fund’s average weighted maturity is not less than three nor more than ten years.The securities in which the Fund may principally invest include tax-exempt securities, which may include, for example, general obligation bonds, special revenue bonds, private activity bonds, tax increment financing bonds, municipal leases, zero-coupon securities, inverse floaters, municipal mortgage-backed securities, planned amortization classes, variable rate demand instruments, municipal notes and municipal auction rate securities. Certain of the tax-exempt securities in which the Fund invests may be subject to credit enhancement. The Adviser may also allocate investments in sectors of the tax-exempt market that offer the highest return. The Fund also may principally invest in derivative contracts (such as, for example, futures contracts, option contracts and swap contracts) and hybrid instruments to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contracts or hybrid instruments in an attempt to benefit from changes in the value of the underlying investment(s), to gain exposure to the municipal bond sector, to increase or decrease the effective duration of the Fund’s portfolio or to hedge against potential losses. A hybrid instrument is a form of investment that combines elements of two different kinds of securities or financial instruments. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund also may invest in certain securities or other investments (such as money market funds, market discount bonds, credit default swaps and other derivative transactions) that will likely cause the Fund to realize a limited amount of ordinary income or short-term capital gains (which are treated as ordinary income for federal income tax purposes) and, as a result, may result in taxable distributions to shareholders. The ordinary income derived from these investment strategies generally will be limited to approximately 5% or less of the Fund’s annual distributions.Under normal circumstances, the Fund will invest at least 80% of its net assets in a diversified portfolio of municipal securities the income of which is exempt from federal regular income tax with an average weighted maturity of not less than three nor more than ten years. This policy cannot be changed without shareholder approval.
Read More

FIMYX - Performance

Return Ranking - Trailing

Period FIMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -3.0% 26.3% 63.32%
1 Yr 8.7% 1.7% 37.9% 57.19%
3 Yr 0.4%* -10.2% 3.3% 17.01%
5 Yr 1.3%* -6.8% 1104.6% 15.94%
10 Yr 2.2%* -1.0% 248.8% 19.58%

* Annualized

Return Ranking - Calendar

Period FIMYX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -1.4% 41.0% 17.09%
2022 -9.2% -39.7% 0.3% 27.62%
2021 -0.9% -5.6% 6.9% 68.30%
2020 2.1% -2.6% 310.0% 29.79%
2019 4.4% 0.0% 26.0% 29.62%

Total Return Ranking - Trailing

Period FIMYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -3.0% 26.3% 63.32%
1 Yr 8.7% 1.7% 37.9% 57.19%
3 Yr 0.4%* -10.2% 3.3% 17.01%
5 Yr 1.3%* -6.8% 1104.6% 15.94%
10 Yr 2.2%* -1.0% 248.8% 19.58%

* Annualized

Total Return Ranking - Calendar

Period FIMYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -1.3% 41.0% 25.03%
2022 -7.4% -39.7% 1.1% 29.86%
2021 1.3% -4.8% 23761504.0% 57.40%
2020 4.6% -1.5% 17057.9% 25.42%
2019 7.2% 0.2% 3514.6% 30.55%

NAV & Total Return History

FIMYX - Holdings

Concentration Analysis

FIMYX Category Low Category High FIMYX % Rank
Net Assets 184 M 3.22 M 71.9 B 74.42%
Number of Holdings 201 4 13418 57.19%
Net Assets in Top 10 24.1 M -317 M 3.45 B 83.16%
Weighting of Top 10 13.14% 1.9% 100.1% 71.69%

Top 10 Holdings

  1. State of Illinois 1.79%
  2. New York State Dormitory Authority 1.53%
  3. County of Jefferson AL Sewer Revenue 1.48%
  4. New Jersey Turnpike Authority 1.37%
  5. District of Columbia 1.22%
  6. University of Utah/The 1.21%
  7. Indianapolis Local Public Improvement Bond Bank 1.18%
  8. Commonwealth of Massachusetts 1.13%
  9. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 1.12%
  10. County of Fairfax VA 1.11%

Asset Allocation

Weighting Return Low Return High FIMYX % Rank
Bonds 		100.18% 0.00% 150.86% 20.43%
Other 		0.01% -3.72% 51.88% 11.98%
Stocks 		0.00% 0.00% 99.89% 71.32%
Preferred Stocks 		0.00% 0.00% 0.08% 69.31%
Convertible Bonds 		0.00% 0.00% 0.93% 68.98%
Cash 		0.00% -50.86% 43.45% 94.07%

Bond Sector Breakdown

Weighting Return Low Return High FIMYX % Rank
Municipal 		99.57% 44.39% 100.00% 28.48%
Derivative 		0.01% -3.72% 51.88% 7.99%
Cash & Equivalents 		0.00% 0.00% 43.45% 87.22%
Securitized 		0.00% 0.00% 5.93% 69.05%
Corporate 		0.00% 0.00% 9.41% 74.06%
Government 		0.00% 0.00% 52.02% 71.79%

Bond Geographic Breakdown

Weighting Return Low Return High FIMYX % Rank
US 		100.18% 0.00% 142.23% 19.64%
Non US 		0.00% 0.00% 23.89% 71.24%

FIMYX - Expenses

Operational Fees

FIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 8.02% 51.17%
Management Fee 0.40% 0.00% 1.20% 41.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.44% 41.24%

Sales Fees

FIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FIMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 283.00% 22.06%

FIMYX - Distributions

Dividend Yield Analysis

FIMYX Category Low Category High FIMYX % Rank
Dividend Yield 3.10% 0.00% 14.51% 44.05%

Dividend Distribution Analysis

FIMYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FIMYX Category Low Category High FIMYX % Rank
Net Income Ratio 1.76% -0.53% 5.33% 61.19%

Capital Gain Distribution Analysis

FIMYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FIMYX - Fund Manager Analysis

Managers

Richard Gallo

Start Date

Tenure

Tenure Rank

Jul 31, 2017

4.84

4.8%

R.J. Gallo, Senior Portfolio Manager and Head of the Municipal Bond Investment Group, has been the Fund's Portfolio Manager since April of 2010. Mr. Gallo joined Federated in 2000 as an Investment Analyst. He became a Senior Vice President of the Fund's Adviser in 2011. From 2005 to 2010 Mr. Gallo served as Vice President and from January 2002 through 2004 and as an Assistant Vice President of the Fund's Adviser. He has been a Portfolio Manager since December 2002. From 1996 to 2000, Mr. Gallo was a Financial Analyst and Trader at the Federal Reserve Bank of New York. Mr. Gallo has received the Chartered Financial Analyst designation and a Master's in Public Affairs with a concentration in Economics and Public Policy from Princeton University.

Ann Ferentino

Start Date

Tenure

Tenure Rank

Apr 04, 2022

0.16

0.2%

Ms. Ferentino joined Federated in November 1995 as a financial analyst and has worked in investment management since 2000. Ms. Ferentino has received the Chartered Financial Analyst designation. She received her B.S. from the University of Dayton and M.B.A. from the University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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