Federated Hermes Premier Municipal Income Fund (FMN)

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Federated Hermes Premier Municipal Income Fund (FMN) is up 2.8% since the beginning of the year. At $11 per share, FMN is trading 5.6% below its 52-week high of $12. Investors who bought $1,000 worth of FMN shares 5 years ago would now be looking at an investment worth $879.

Federated Hermes Premier Municipal Income Fund (FMN) has returned 2.77% so far this year and 10.25% over the past 12 months. Over the last ten years, FMN has returned 0.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Dec 20, 2002, FMN's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.

Historically, 57% of months were positive and 43% were negative. The best month was Jan 2009 with a return of +19.4%, while the worst month was Sep 2008 at -22.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FMN closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +19.8%, while the worst single day was Mar 18, 2020 at -17.7%.

Federated Hermes Premier Municipal Income Fund has an annualized alpha of 3.62%, beta of 0.20, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 20, 2002.

• This stock participated in 32.80% of S&P 500 Index downside but only 31.82% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.20 may look defensive, but with R2 of 0.05 this stock 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 stock's risk.
• R2 of 0.05 means this stock 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.

FMN has an expense ratio of 0.75%, placing it in the medium range.

FMN ranks 82 for risk / return — above 82% of stocks peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Federated Hermes Premier Municipal Income Fund provided a 4.86% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The company has been increasing its dividends for 2 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Premier Municipal Income 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 Premier Municipal Income 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 Premier Municipal Income Fund was 49.01%, occurring on Oct 10, 2008. Recovery took 200 trading sessions.

The current Federated Hermes Premier Municipal Income Fund drawdown is 18.33%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Federated Hermes Premier Municipal Income Fund over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Federated Hermes Premier Municipal Income Fund is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.