Federated Hermes Intermediate Municipal Fund (FIMTX)

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Federated Hermes Intermediate Municipal Fund (FIMTX) is up 0.7% since the beginning of the year. FIMTX is currently trading at $10 per share. Investors who bought $1,000 worth of FIMTX shares 5 years ago would now be looking at an investment worth $1,037.

Federated Hermes Intermediate Municipal Fund (FIMTX) has returned 0.67% so far this year and 5.01% over the past 12 months. Over the last ten years, FIMTX has returned 1.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, FIMTX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Nov 2016 at -3.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FIMTX closed higher 33% of trading days. The best single day was Aug 20, 2025 with a return of +10.4%, while the worst single day was Aug 19, 2025 at -9.4%.

Federated Hermes Intermediate Municipal Fund has an annualized alpha of 1.99%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.

• This fund participated in 12.21% of S&P 500 Index downside but only 11.22% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FIMTX has an expense ratio of 0.69%, placing it in the medium range.

FIMTX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Federated Hermes Intermediate Municipal Fund (FIMTX) and compare them to S&P 500 Index.

Federated Hermes Intermediate Municipal Fund provided a 1.76% dividend yield over the last twelve months, with an annual payout of $0.17 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Intermediate Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Intermediate Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Intermediate Municipal Fund was 12.62%, occurring on Oct 25, 2022. Recovery took 703 trading sessions.

The current Federated Hermes Intermediate Municipal Fund drawdown is 0.75%.

The chart below shows the rolling one-month volatility.