Federated Hermes Premier Municipal Income Fund

Frequently Asked Questions About FMN

What does FMN invest in?

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors. It benchmarks the performance of its portfolio against S&P Municipal Bond Index. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.

What is the expense ratio of FMN?

Federated Hermes Premier Municipal Income Fund (FMN) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is FMN's dividend yield?

FMN's trailing-twelve-month yield is 5.12%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FMN?

Effective duration measures FMN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FMN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FMN?

FMN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FMN?

Yield to maturity (YTM) is the total return you'd earn from FMN if every bond in the portfolio is held to maturity at the current price. FMN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.