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Trending ETFs

Federated Hermes Municipal Bond Fund, Inc.

mutual fund
LMSCX
Payout Change
Pending
Price as of:
$9.76 -0.02 -0.2%
primary theme
Municipal Bond
share class
C (LMSCX) F (LMFFX) A (LMSFX) Instl (LMBIX)
LMSCX (Mutual Fund)

Federated Hermes Municipal Bond Fund, Inc.

Payout Change
Pending
Price as of:
$9.76 -0.02 -0.2%
primary theme
Municipal Bond
share class
C (LMSCX) F (LMFFX) A (LMSFX) Instl (LMBIX)
LMSCX (Mutual Fund)

Federated Hermes Municipal Bond Fund, Inc.

Payout Change
Pending
Price as of:
$9.76 -0.02 -0.2%
primary theme
Municipal Bond
share class
C (LMSCX) F (LMFFX) A (LMSFX) Instl (LMBIX)

Name

As of 10/07/2024

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 Municipal Bond Fund, Inc.

LMSCX | Fund

$9.76

$250 M

2.09%

$0.20

1.75%

Vitals

YTD Return

2.0%

1 yr return

11.4%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

0.0%

Net Assets

$250 M

Holdings in Top 10

13.5%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.75%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 18.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/07/2024

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 Municipal Bond Fund, Inc.

LMSCX | Fund

$9.76

$250 M

2.09%

$0.20

1.75%

LMSCX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Municipal Bond Fund, Inc.
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Feb 02, 1995
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard Gallo

Fund Description

The Fund’s investment objective is to provide for its shareholders a high level of current income which is exempt from federal regular income tax. 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 also invest the Fund’s assets in securities whose interest (while exempt from the federal regular income tax) may be subject to (or may be a specific preference item for purposes of) the federal alternative minimum income tax (AMT) for individuals.The Adviser may lengthen or shorten the duration of the Fund’s portfolio from time to time based on its interest rate outlook, but the Fund has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.The Fund does not limit itself to securities of a particular maturity range.The Fund will invest at least a majority of its assets in securities rated investment grade (or unrated securities of comparable quality), and may purchase securities rated below investment grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets. Investment-grade securities are securities that receive investment-grade ratings (i.e., generally ratings in the first, second, third or fourth highest rating category) 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&P GlobalRatings, an NRSRO, would be rated in the first, second, third or fourth ratings category, 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 Ratingswould 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 types of securities in which the Fund may principally invest include tax-exempt securities, such as the following types: 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 Fund also may principally invest in derivative contracts (such as, for example, futures contracts, options contracts and swap contracts) and hybrid instruments to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments in an attempt to benefit from changes in the value of the underlying instrument(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. 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 as described herein (such as 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 Fund will normally invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.
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LMSCX - Performance

Return Ranking - Trailing

Period LMSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.9% 26.5% 81.02%
1 Yr 11.4% 2.4% 37.3% 42.07%
3 Yr -1.3%* -9.9% 3.4% 89.80%
5 Yr 0.0%* -6.7% 1104.9% 84.13%
10 Yr 1.3%* -0.8% 248.9% 69.36%

* Annualized

Return Ranking - Calendar

Period LMSCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -1.4% 41.0% 12.71%
2022 -12.9% -39.7% 0.3% 69.84%
2021 -1.0% -5.6% 6.9% 76.43%
2020 1.8% -2.6% 310.0% 45.76%
2019 4.6% 0.0% 26.0% 23.13%

Total Return Ranking - Trailing

Period LMSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.9% 26.5% 81.02%
1 Yr 11.4% 2.4% 37.3% 42.07%
3 Yr -1.3%* -9.9% 3.4% 89.80%
5 Yr 0.0%* -6.7% 1104.9% 84.13%
10 Yr 1.3%* -0.8% 248.9% 69.36%

* Annualized

Total Return Ranking - Calendar

Period LMSCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -1.3% 41.0% 41.98%
2022 -11.5% -39.7% 1.1% 80.30%
2021 1.9% -4.8% 23761504.0% 41.64%
2020 3.6% -1.5% 17057.9% 58.61%
2019 7.2% 0.2% 3514.6% 30.98%

NAV & Total Return History

LMSCX - Holdings

Concentration Analysis

LMSCX Category Low Category High LMSCX % Rank
Net Assets 250 M 3.22 M 71.9 B 65.41%
Number of Holdings 170 4 13418 67.62%
Net Assets in Top 10 34 M -317 M 3.45 B 74.52%
Weighting of Top 10 13.49% 1.9% 100.1% 69.99%

Top 10 Holdings

  1. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 1.98%
  2. State of Minnesota 1.37%
  3. City of Austin TX Electric Utility Revenue 1.34%
  4. CITY OF NEW YORK NY 1.32%
  5. Hutto Independent School District 1.29%
  6. Commonwealth of Massachusetts Transportation Fund Revenue 1.28%
  7. Indianapolis Local Public Improvement Bond Bank 1.27%
  8. Louisiana Stadium Exposition District 1.27%
  9. ARIZONA STATE UNIVERSITY 1.21%
  10. Texas Private Activity Bond Surface Transportation Corp 1.18%

Asset Allocation

Weighting Return Low Return High LMSCX % Rank
Bonds 		100.63% 0.00% 150.86% 14.72%
Stocks 		0.00% 0.00% 99.89% 25.66%
Preferred Stocks 		0.00% 0.00% 0.08% 13.14%
Convertible Bonds 		0.00% 0.00% 0.93% 12.46%
Cash 		0.00% -50.86% 43.45% 85.80%
Other 		0.00% -3.72% 51.88% 92.30%

Bond Sector Breakdown

Weighting Return Low Return High LMSCX % Rank
Municipal 		100.00% 44.39% 100.00% 0.93%
Cash & Equivalents 		0.00% 0.00% 43.45% 61.18%
Securitized 		0.00% 0.00% 5.93% 13.66%
Corporate 		0.00% 0.00% 9.41% 27.18%
Government 		0.00% 0.00% 52.02% 18.99%
Derivative 		0.00% -3.72% 51.88% 91.57%

Bond Geographic Breakdown

Weighting Return Low Return High LMSCX % Rank
US 		100.63% 0.00% 142.23% 14.20%
Non US 		0.00% 0.00% 23.89% 17.72%

LMSCX - Expenses

Operational Fees

LMSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.75% 0.01% 8.02% 4.05%
Management Fee 0.46% 0.00% 1.20% 66.11%
12b-1 Fee 0.75% 0.00% 1.00% 71.91%
Administrative Fee 0.10% 0.01% 0.44% 34.29%

Sales Fees

LMSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 17.42%

Trading Fees

LMSCX 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.

LMSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 283.00% 51.41%

LMSCX - Distributions

Dividend Yield Analysis

LMSCX Category Low Category High LMSCX % Rank
Dividend Yield 2.09% 0.00% 14.51% 86.54%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LMSCX Category Low Category High LMSCX % Rank
Net Income Ratio 1.34% -0.53% 5.33% 78.04%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LMSCX - Fund Manager Analysis

Managers

Richard Gallo

Start Date

Tenure

Tenure Rank

Jul 27, 2017

4.85

4.9%

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.

Lee Cunningham

Start Date

Tenure

Tenure Rank

Apr 04, 2022

0.16

0.2%

Lee R. Cunningham II is Vice President of the Trust with respect to the Fund. Mr. Cunningham joined Federated in 1995 as an Investment Analyst and has been a Portfolio Manager since 1998. He was named an Assistant Vice President of Federated Investors in January 1998 and became a Vice President of Federated Investors in July 2000. From 1986 through 1994, Mr. Cunningham was a Project Engineer with Pennsylvania Power and Light Company. Mr. Cunningham received his M.B.A. with concentrations in Finance and Operations from the University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58

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