Federated Hermes Premier Municipal Income Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.0%
1 yr return
-0.7%
3 Yr Avg Return
-7.5%
5 Yr Avg Return
-3.5%
Net Assets
$152 M
Holdings in Top 10
14.4%
52 WEEK LOW AND HIGH
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 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XFMNX - Profile
Distributions
- YTD Total Return -2.0%
- 3 Yr Annualized Total Return -7.5%
- 5 Yr Annualized Total Return -3.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.37%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Premier Municipal Income Fund
-
Fund Family NameFederated Advisers
-
Inception DateDec 30, 2002
-
Shares Outstanding11498091
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRichard Gallo
Fund Description
XFMNX - Performance
Return Ranking - Trailing
Period | XFMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -4.9% | 8.8% | 95.97% |
1 Yr | -0.7% | -4.9% | 29.7% | 96.36% |
3 Yr | -7.5%* | -11.4% | 2.5% | 97.61% |
5 Yr | -3.5%* | -6.4% | 1101.3% | 97.36% |
10 Yr | 0.9%* | -0.5% | 248.1% | 86.70% |
* Annualized
Return Ranking - Calendar
Period | XFMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | -1.4% | 41.0% | 6.64% |
2022 | -22.4% | -39.7% | 0.3% | 98.68% |
2021 | 0.0% | -5.6% | 6.9% | 29.95% |
2020 | 2.0% | -2.6% | 310.0% | 38.49% |
2019 | 6.4% | 0.0% | 26.0% | 3.97% |
Total Return Ranking - Trailing
Period | XFMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -4.9% | 8.8% | 95.97% |
1 Yr | -0.7% | -4.9% | 29.7% | 96.36% |
3 Yr | -7.5%* | -11.4% | 2.5% | 97.61% |
5 Yr | -3.5%* | -6.4% | 1101.3% | 97.36% |
10 Yr | 0.9%* | -0.5% | 248.1% | 86.70% |
* 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% | 87.45% |
2020 | 2.0% | -1.5% | 17057.9% | 90.22% |
2019 | 8.7% | 0.2% | 3514.6% | 8.50% |
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 | 77.96% |
Number of Holdings | 221 | 2 | 13067 | 52.83% |
Net Assets in Top 10 | 19 M | -317 M | 3.56 B | 88.04% |
Weighting of Top 10 | 14.36% | 2.0% | 100.2% | 66.38% |
Top 10 Holdings
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 5 Year Treasury Note Future Mar 22 4.34%
- 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% | 13.18% |
Stocks | 0.00% | 0.00% | 99.81% | 86.04% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 85.06% |
Other | 0.00% | -3.18% | 23.38% | 81.35% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 85.06% |
Cash | 0.00% | -50.86% | 46.80% | 96.56% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XFMNX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 44.39% | 100.00% | 8.87% |
Derivative | 0.00% | -3.18% | 23.38% | 88.37% |
Cash & Equivalents | 0.00% | 0.00% | 46.24% | 97.34% |
Securitized | 0.00% | 0.00% | 5.93% | 94.59% |
Corporate | 0.00% | 0.00% | 9.41% | 95.76% |
Government | 0.00% | 0.00% | 52.02% | 94.78% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XFMNX % Rank | |
---|---|---|---|---|
US | 95.91% | 0.00% | 142.23% | 80.38% |
Non US | 4.09% | 0.00% | 23.89% | 3.90% |
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% | 2.02% |
Management Fee | 0.55% | 0.00% | 1.20% | 95.13% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 82.65% |
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% | 59.93% |
XFMNX - Distributions
Dividend Yield Analysis
XFMNX | Category Low | Category High | XFMNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.60% | 97.86% |
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% | 1.51% |
Capital Gain Distribution Analysis
XFMNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 01, 2019 | $0.050 | OrdinaryDividend |
Jun 03, 2019 | $0.054 | OrdinaryDividend |
May 01, 2019 | $0.054 | OrdinaryDividend |
Apr 01, 2019 | $0.054 | OrdinaryDividend |
Mar 01, 2019 | $0.054 | OrdinaryDividend |
Feb 01, 2019 | $0.054 | OrdinaryDividend |
Jan 02, 2019 | $0.054 | OrdinaryDividend |
Dec 03, 2018 | $0.054 | OrdinaryDividend |
Nov 01, 2018 | $0.054 | OrdinaryDividend |
Oct 01, 2018 | $0.054 | OrdinaryDividend |
Sep 04, 2018 | $0.054 | OrdinaryDividend |
Aug 01, 2018 | $0.054 | OrdinaryDividend |
Jul 02, 2018 | $0.054 | OrdinaryDividend |
Jun 01, 2018 | $0.061 | OrdinaryDividend |
May 01, 2018 | $0.061 | OrdinaryDividend |
Apr 02, 2018 | $0.061 | OrdinaryDividend |
Mar 01, 2018 | $0.061 | OrdinaryDividend |
Feb 01, 2018 | $0.061 | OrdinaryDividend |
Jan 02, 2018 | $0.061 | OrdinaryDividend |
Dec 01, 2017 | $0.061 | OrdinaryDividend |
Nov 20, 2017 | $0.084 | OrdinaryDividend |
Nov 01, 2017 | $0.045 | OrdinaryDividend |
Oct 02, 2017 | $0.045 | OrdinaryDividend |
Sep 01, 2017 | $0.045 | OrdinaryDividend |
Aug 01, 2017 | $0.045 | OrdinaryDividend |
Jul 03, 2017 | $0.045 | OrdinaryDividend |
Jun 01, 2017 | $0.045 | OrdinaryDividend |
May 01, 2017 | $0.045 | OrdinaryDividend |
Apr 03, 2017 | $0.045 | OrdinaryDividend |
Mar 01, 2017 | $0.045 | OrdinaryDividend |
Feb 01, 2017 | $0.045 | OrdinaryDividend |
Jan 03, 2017 | $0.045 | OrdinaryDividend |
Dec 01, 2016 | $0.054 | OrdinaryDividend |
Nov 01, 2016 | $0.054 | OrdinaryDividend |
Oct 03, 2016 | $0.054 | OrdinaryDividend |
Sep 01, 2016 | $0.054 | OrdinaryDividend |
Aug 01, 2016 | $0.054 | OrdinaryDividend |
Jul 01, 2016 | $0.054 | OrdinaryDividend |
Jun 01, 2016 | $0.056 | OrdinaryDividend |
May 02, 2016 | $0.056 | OrdinaryDividend |
Apr 01, 2016 | $0.056 | OrdinaryDividend |
Mar 01, 2016 | $0.056 | OrdinaryDividend |
Feb 01, 2016 | $0.056 | OrdinaryDividend |
Jan 04, 2016 | $0.056 | OrdinaryDividend |
Dec 01, 2015 | $0.056 | OrdinaryDividend |
Nov 02, 2015 | $0.056 | OrdinaryDividend |
Oct 01, 2015 | $0.056 | OrdinaryDividend |
Sep 01, 2015 | $0.056 | OrdinaryDividend |
Aug 03, 2015 | $0.056 | OrdinaryDividend |
Jul 01, 2015 | $0.056 | OrdinaryDividend |
Jun 01, 2015 | $0.056 | OrdinaryDividend |
May 01, 2015 | $0.056 | OrdinaryDividend |
Apr 01, 2015 | $0.056 | OrdinaryDividend |
Mar 02, 2015 | $0.056 | OrdinaryDividend |
Feb 02, 2015 | $0.056 | OrdinaryDividend |
Jan 02, 2015 | $0.056 | OrdinaryDividend |
Dec 01, 2014 | $0.056 | OrdinaryDividend |
Nov 03, 2014 | $0.056 | OrdinaryDividend |
Oct 01, 2014 | $0.056 | OrdinaryDividend |
Sep 02, 2014 | $0.061 | OrdinaryDividend |
Aug 01, 2014 | $0.061 | OrdinaryDividend |
Jul 01, 2014 | $0.061 | OrdinaryDividend |
Jun 02, 2014 | $0.061 | OrdinaryDividend |
May 01, 2014 | $0.061 | OrdinaryDividend |
Apr 01, 2014 | $0.061 | OrdinaryDividend |
Mar 03, 2014 | $0.061 | OrdinaryDividend |
Feb 03, 2014 | $0.061 | OrdinaryDividend |
Jan 02, 2014 | $0.061 | OrdinaryDividend |
Dec 02, 2013 | $0.061 | OrdinaryDividend |
Nov 01, 2013 | $0.061 | OrdinaryDividend |
Oct 01, 2013 | $0.061 | OrdinaryDividend |
Sep 03, 2013 | $0.061 | OrdinaryDividend |
Aug 01, 2013 | $0.061 | OrdinaryDividend |
Jul 01, 2013 | $0.061 | OrdinaryDividend |
Jun 03, 2013 | $0.061 | OrdinaryDividend |
May 01, 2013 | $0.061 | OrdinaryDividend |
Apr 01, 2013 | $0.061 | OrdinaryDividend |
Mar 01, 2013 | $0.061 | OrdinaryDividend |
Feb 01, 2013 | $0.061 | OrdinaryDividend |
Jan 02, 2013 | $0.061 | OrdinaryDividend |
Dec 03, 2012 | $0.065 | OrdinaryDividend |
Nov 01, 2012 | $0.065 | OrdinaryDividend |
Oct 01, 2012 | $0.065 | OrdinaryDividend |
Sep 04, 2012 | $0.065 | OrdinaryDividend |
Aug 01, 2012 | $0.065 | OrdinaryDividend |
Jul 02, 2012 | $0.065 | OrdinaryDividend |
Jun 01, 2012 | $0.065 | OrdinaryDividend |
May 01, 2012 | $0.065 | OrdinaryDividend |
Apr 02, 2012 | $0.065 | OrdinaryDividend |
Mar 01, 2012 | $0.065 | OrdinaryDividend |
Feb 01, 2012 | $0.065 | OrdinaryDividend |
Jan 03, 2012 | $0.065 | OrdinaryDividend |
Dec 01, 2011 | $0.065 | OrdinaryDividend |
Nov 01, 2011 | $0.065 | OrdinaryDividend |
Oct 03, 2011 | $0.065 | OrdinaryDividend |
Sep 01, 2011 | $0.065 | OrdinaryDividend |
Aug 01, 2011 | $0.065 | OrdinaryDividend |
Jul 01, 2011 | $0.065 | OrdinaryDividend |
Jun 01, 2011 | $0.070 | OrdinaryDividend |
May 02, 2011 | $0.070 | OrdinaryDividend |
Apr 01, 2011 | $0.070 | OrdinaryDividend |
Mar 01, 2011 | $0.070 | OrdinaryDividend |
Feb 01, 2011 | $0.070 | OrdinaryDividend |
Jan 03, 2011 | $0.070 | OrdinaryDividend |
Dec 01, 2010 | $0.070 | OrdinaryDividend |
Nov 01, 2010 | $0.070 | OrdinaryDividend |
Oct 01, 2010 | $0.070 | OrdinaryDividend |
Sep 01, 2010 | $0.070 | OrdinaryDividend |
Aug 02, 2010 | $0.070 | OrdinaryDividend |
Jul 01, 2010 | $0.070 | OrdinaryDividend |
Jun 01, 2010 | $0.070 | OrdinaryDividend |
May 03, 2010 | $0.070 | OrdinaryDividend |
Apr 01, 2010 | $0.070 | OrdinaryDividend |
Mar 01, 2010 | $0.079 | OrdinaryDividend |
Feb 01, 2010 | $0.079 | OrdinaryDividend |
Jan 04, 2010 | $0.079 | OrdinaryDividend |
Dec 01, 2009 | $0.079 | OrdinaryDividend |
Nov 02, 2009 | $0.079 | OrdinaryDividend |
Oct 01, 2009 | $0.079 | OrdinaryDividend |
Sep 01, 2009 | $0.079 | OrdinaryDividend |
Aug 03, 2009 | $0.079 | OrdinaryDividend |
Jul 01, 2009 | $0.079 | OrdinaryDividend |
Jun 01, 2009 | $0.079 | OrdinaryDividend |
May 01, 2009 | $0.090 | OrdinaryDividend |
Apr 01, 2009 | $0.079 | OrdinaryDividend |
Mar 02, 2009 | $0.058 | OrdinaryDividend |
Feb 02, 2009 | $0.058 | OrdinaryDividend |
Jan 02, 2009 | $0.058 | OrdinaryDividend |
Dec 01, 2008 | $0.058 | OrdinaryDividend |
Nov 03, 2008 | $0.058 | OrdinaryDividend |
Oct 01, 2008 | $0.058 | OrdinaryDividend |
Sep 02, 2008 | $0.058 | OrdinaryDividend |
Aug 01, 2008 | $0.058 | OrdinaryDividend |
Jul 01, 2008 | $0.058 | OrdinaryDividend |
Jun 02, 2008 | $0.058 | OrdinaryDividend |
May 01, 2008 | $0.058 | OrdinaryDividend |
Apr 01, 2008 | $0.058 | OrdinaryDividend |
Mar 03, 2008 | $0.058 | OrdinaryDividend |
Feb 01, 2008 | $0.058 | OrdinaryDividend |
Jan 02, 2008 | $0.058 | OrdinaryDividend |
Dec 03, 2007 | $0.058 | OrdinaryDividend |
Nov 01, 2007 | $0.058 | OrdinaryDividend |
Oct 01, 2007 | $0.058 | OrdinaryDividend |
Sep 04, 2007 | $0.058 | OrdinaryDividend |
Aug 01, 2007 | $0.058 | OrdinaryDividend |
Jul 02, 2007 | $0.058 | OrdinaryDividend |
Jun 01, 2007 | $0.058 | OrdinaryDividend |
May 01, 2007 | $0.058 | OrdinaryDividend |
Apr 02, 2007 | $0.058 | OrdinaryDividend |
Mar 01, 2007 | $0.058 | OrdinaryDividend |
Feb 01, 2007 | $0.058 | OrdinaryDividend |
Jan 02, 2007 | $0.058 | OrdinaryDividend |
Dec 01, 2006 | $0.058 | OrdinaryDividend |
Nov 01, 2006 | $0.058 | OrdinaryDividend |
Oct 02, 2006 | $0.058 | OrdinaryDividend |
Sep 01, 2006 | $0.058 | OrdinaryDividend |
Aug 01, 2006 | $0.058 | OrdinaryDividend |
Jul 03, 2006 | $0.058 | OrdinaryDividend |
Jun 01, 2006 | $0.058 | OrdinaryDividend |
May 01, 2006 | $0.058 | OrdinaryDividend |
Apr 03, 2006 | $0.058 | OrdinaryDividend |
Mar 01, 2006 | $0.058 | OrdinaryDividend |
Feb 01, 2006 | $0.058 | OrdinaryDividend |
Jan 03, 2006 | $0.058 | OrdinaryDividend |
Dec 01, 2005 | $0.058 | OrdinaryDividend |
Nov 01, 2005 | $0.058 | OrdinaryDividend |
Oct 03, 2005 | $0.058 | OrdinaryDividend |
Sep 01, 2005 | $0.065 | OrdinaryDividend |
Aug 01, 2005 | $0.065 | OrdinaryDividend |
Jul 01, 2005 | $0.065 | OrdinaryDividend |
Jun 01, 2005 | $0.065 | OrdinaryDividend |
May 02, 2005 | $0.065 | OrdinaryDividend |
Apr 01, 2005 | $0.065 | OrdinaryDividend |
Mar 01, 2005 | $0.065 | OrdinaryDividend |
Feb 01, 2005 | $0.065 | OrdinaryDividend |
Jan 03, 2005 | $0.065 | OrdinaryDividend |
Dec 01, 2004 | $0.065 | OrdinaryDividend |
Nov 01, 2004 | $0.065 | OrdinaryDividend |
Oct 01, 2004 | $0.065 | OrdinaryDividend |
Sep 01, 2004 | $0.065 | OrdinaryDividend |
Aug 02, 2004 | $0.065 | OrdinaryDividend |
Jul 01, 2004 | $0.065 | OrdinaryDividend |
Jun 01, 2004 | $0.065 | OrdinaryDividend |
May 03, 2004 | $0.065 | OrdinaryDividend |
Apr 01, 2004 | $0.065 | OrdinaryDividend |
Mar 01, 2004 | $0.065 | OrdinaryDividend |
Feb 02, 2004 | $0.065 | OrdinaryDividend |
Jan 02, 2004 | $0.065 | OrdinaryDividend |
Dec 01, 2003 | $0.065 | OrdinaryDividend |
Nov 03, 2003 | $0.065 | OrdinaryDividend |
Oct 01, 2003 | $0.065 | OrdinaryDividend |
Sep 02, 2003 | $0.065 | OrdinaryDividend |
Aug 01, 2003 | $0.065 | OrdinaryDividend |
Jul 01, 2003 | $0.063 | OrdinaryDividend |
Jun 02, 2003 | $0.063 | OrdinaryDividend |
May 01, 2003 | $0.063 | OrdinaryDividend |
Apr 01, 2003 | $0.063 | OrdinaryDividend |
Mar 03, 2003 | $0.063 | OrdinaryDividend |
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 | 7.37 | 1.58 |