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Trending ETFs

Federated Hermes Premier Municipal Income Fund

mutual fund
XFMNX
Payout Change
Suspended
Price as of:
$12.39 +0.0 +0.0%
primary theme
Municipal Bond
share class
XFMNX (Mutual Fund)

Federated Hermes Premier Municipal Income Fund

Payout Change
Suspended
Price as of:
$12.39 +0.0 +0.0%
primary theme
Municipal Bond
share class
XFMNX (Mutual Fund)

Federated Hermes Premier Municipal Income Fund

Payout Change
Suspended
Price as of:
$12.39 +0.0 +0.0%
primary theme
Municipal Bond
share class

Name

As of 05/24/2024

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

$12.39

$152 M

0.00%

2.05%

Vitals

YTD Return

-2.4%

1 yr return

2.3%

3 Yr Avg Return

-7.8%

5 Yr Avg Return

-3.8%

Net Assets

$152 M

Holdings in Top 10

14.4%

52 WEEK LOW AND HIGH

$12.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 05/24/2024

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

$12.39

$152 M

0.00%

2.05%

XFMNX - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -7.8%
  • 5 Yr Annualized Total Return -3.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Premier Municipal Income Fund
  • Fund Family Name
    Federated Advisers
  • Inception Date
    Dec 30, 2002
  • Shares Outstanding
    11498091
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Gallo

Fund Description


XFMNX - Performance

Return Ranking - Trailing

Period XFMNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -4.8% 14.5% 94.80%
1 Yr 2.3% -1.4% 30.1% 90.05%
3 Yr -7.8%* -11.5% 2.6% 97.82%
5 Yr -3.8%* -6.6% 1100.8% 97.28%
10 Yr 0.7%* -0.7% 248.1% 89.58%

* Annualized

Return Ranking - Calendar

Period XFMNX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -1.4% 41.0% 6.91%
2022 -22.4% -39.7% 0.3% 98.68%
2021 0.0% -5.6% 6.9% 30.39%
2020 2.0% -2.6% 310.0% 38.68%
2019 6.4% 0.0% 26.0% 3.98%

Total Return Ranking - Trailing

Period XFMNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -4.8% 14.5% 94.80%
1 Yr 2.3% -1.4% 30.1% 90.05%
3 Yr -7.8%* -11.5% 2.6% 97.82%
5 Yr -3.8%* -6.6% 1100.8% 97.28%
10 Yr 0.7%* -0.7% 248.1% 89.58%

* Annualized

Total Return Ranking - Calendar

Period XFMNX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -1.3% 41.0% 75.70%
2022 -22.4% -39.7% 1.1% 98.88%
2021 0.0% -4.8% 23761504.0% 87.50%
2020 2.0% -1.5% 17057.9% 90.21%
2019 8.7% 0.2% 3514.6% 8.52%

NAV & Total Return History


XFMNX - Holdings

Concentration Analysis

XFMNX Category Low Category High XFMNX % Rank
Net Assets 152 M 3.22 M 71.9 B 78.35%
Number of Holdings 221 2 13067 52.11%
Net Assets in Top 10 19 M -317 M 3.56 B 88.17%
Weighting of Top 10 14.36% 2.0% 100.2% 67.23%

Top 10 Holdings

  1. 5 Year Treasury Note Future Mar 22 4.34%
  2. 5 Year Treasury Note Future Mar 22 4.34%
  3. 5 Year Treasury Note Future Mar 22 4.34%
  4. 5 Year Treasury Note Future Mar 22 4.34%
  5. 5 Year Treasury Note Future Mar 22 4.34%
  6. 5 Year Treasury Note Future Mar 22 4.34%
  7. 5 Year Treasury Note Future Mar 22 4.34%
  8. 5 Year Treasury Note Future Mar 22 4.34%
  9. 5 Year Treasury Note Future Mar 22 4.34%
  10. 5 Year Treasury Note Future Mar 22 4.34%

Asset Allocation

Weighting Return Low Return High XFMNX % Rank
Bonds
100.00% 0.00% 150.86% 14.09%
Stocks
0.00% 0.00% 99.81% 95.58%
Preferred Stocks
0.00% 0.00% 0.56% 94.74%
Other
0.00% -3.18% 33.35% 88.24%
Convertible Bonds
0.00% 0.00% 0.93% 94.72%
Cash
0.00% -50.86% 46.80% 98.31%

Bond Sector Breakdown

Weighting Return Low Return High XFMNX % Rank
Municipal
100.00% 44.39% 100.00% 9.00%
Derivative
0.00% -3.18% 19.67% 87.52%
Cash & Equivalents
0.00% 0.00% 46.24% 97.21%
Securitized
0.00% 0.00% 5.93% 94.72%
Corporate
0.00% 0.00% 9.41% 94.85%
Government
0.00% 0.00% 52.02% 95.04%

Bond Geographic Breakdown

Weighting Return Low Return High XFMNX % Rank
US
95.91% 0.00% 142.23% 82.52%
Non US
4.09% 0.00% 23.89% 2.66%

XFMNX - Expenses

Operational Fees

XFMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.01% 20.65% 1.95%
Management Fee 0.55% 0.00% 1.20% 96.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 82.72%

Sales Fees

XFMNX 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

XFMNX 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.

XFMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 283.00% 60.28%

XFMNX - Distributions

Dividend Yield Analysis

XFMNX Category Low Category High XFMNX % Rank
Dividend Yield 0.00% 0.00% 14.51% 99.87%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XFMNX Category Low Category High XFMNX % Rank
Net Income Ratio 4.37% -0.53% 5.33% 1.58%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XFMNX - Fund Manager Analysis

Managers

Richard Gallo


Start Date

Tenure

Tenure Rank

Dec 20, 2002

19.46

19.5%

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

Dec 20, 2002

19.46

19.5%

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 7.36 1.58