- What does FSHSX invest in?
- This fund aims to provide annual interest income distributions that are typically exempt from federal regular income tax. Its investment strategy involves allocating over half of its portfolio to investment-grade securities, including unrated debt of similar financial strength. Additionally, the fund may invest up to 49% of its holdings in lower-rated, speculative bonds—commonly known as "junk bonds"—or unrated instruments of comparable quality.
- What is the expense ratio of FSHSX?
- Federated Hermes Short-Intermediate Municipal Fund SS Class (FSHSX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FSHSX's dividend yield?
- FSHSX's trailing-twelve-month yield is 2.70%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FSHSX?
- Effective duration measures FSHSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FSHSX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FSHSX?
- FSHSX'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 FSHSX?
- Yield to maturity (YTM) is the total return you'd earn from FSHSX if every bond in the portfolio is held to maturity at the current price. FSHSX'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.
