Federated Hermes Premier Municipal Income Fund (FMN)
Company Info
Expense Ratio
FMN features an expense ratio of 0.75%, falling within the medium range.
Highlights
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Premier Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Premier Municipal Income Fund had a return of 3.21% year-to-date (YTD) and 3.92% in the last 12 months. Over the past 10 years, Federated Hermes Premier Municipal Income Fund had an annualized return of 2.19%, while the S&P 500 had an annualized return of 11.31%, indicating that Federated Hermes Premier Municipal Income Fund did not perform as well as the benchmark.
FMN
3.21%
1.54%
-2.73%
3.92%
-1.11%
2.19%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of FMN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.11% | 3.21% | |||||||||||
| 2024 | 0.78% | 0.59% | 0.31% | 0.05% | 0.85% | 3.32% | 1.38% | 2.32% | 5.76% | -7.76% | -0.45% | -3.35% | 3.21% |
| 2023 | 6.11% | -4.40% | 2.75% | -0.74% | -1.79% | 1.86% | 0.61% | -2.95% | -6.75% | -3.71% | 13.56% | 6.01% | 9.23% |
| 2022 | -8.03% | -2.01% | -5.03% | -7.61% | 3.32% | -7.63% | 5.26% | -4.40% | -6.06% | -5.23% | 12.94% | -4.00% | -26.70% |
| 2021 | -0.98% | -1.89% | 2.19% | 3.61% | 5.90% | -0.79% | 1.18% | 1.10% | -3.40% | -3.90% | 4.26% | -0.97% | 5.96% |
| 2020 | 3.41% | -1.52% | -8.07% | -3.23% | 7.32% | -1.49% | 7.13% | 1.13% | 0.87% | -2.71% | 4.87% | 2.81% | 9.78% |
| 2019 | 7.71% | 1.62% | 1.23% | 1.01% | 1.89% | 0.66% | 0.62% | 2.58% | 1.07% | -1.06% | 0.71% | 0.78% | 20.25% |
| 2018 | -2.21% | -0.94% | -0.44% | 0.38% | 0.84% | -0.64% | 2.37% | 0.03% | -4.87% | -4.36% | 2.50% | -0.62% | -7.94% |
| 2017 | 3.30% | -1.73% | -1.19% | 2.68% | 1.42% | 2.67% | 2.89% | -1.53% | 0.62% | -2.60% | -0.61% | -0.06% | 5.77% |
| 2016 | 1.98% | 0.43% | 2.47% | 2.88% | 0.78% | 5.13% | 0.06% | -2.07% | 0.18% | -7.22% | -4.71% | -0.28% | -1.00% |
| 2015 | 4.10% | -0.96% | 1.65% | 0.16% | -0.10% | -6.06% | 1.54% | 3.12% | 0.72% | 4.49% | -0.31% | 0.91% | 9.19% |
| 2014 | 7.85% | 2.44% | 1.43% | 1.29% | 3.93% | 0.70% | -0.57% | 1.66% | -0.76% | -0.37% | -2.33% | 0.79% | 16.88% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMN is 51, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Premier Municipal Income Fund (FMN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Premier Municipal Income Fund provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.44 | $0.44 | $0.56 | $0.65 | $0.62 | $0.62 | $0.68 | $0.73 | $0.85 | $0.89 | $0.90 |
Dividend yield | 3.99% | 4.06% | 4.04% | 5.30% | 4.31% | 4.16% | 4.40% | 5.57% | 5.21% | 6.09% | 5.94% | 6.23% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.56 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.65 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.68 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.73 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.85 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.89 |
| 2014 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.90 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 23.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.01% | May 15, 2007 | 356 | Oct 10, 2008 | 200 | Jul 29, 2009 | 556 |
| -40.62% | Sep 22, 2021 | 530 | Oct 30, 2023 | — | — | — |
| -31.87% | Mar 9, 2020 | 8 | Mar 18, 2020 | 102 | Aug 12, 2020 | 110 |
| -24.87% | Oct 2, 2012 | 219 | Aug 16, 2013 | 447 | May 28, 2015 | 666 |
| -21.45% | Sep 14, 2010 | 89 | Jan 19, 2011 | 192 | Oct 21, 2011 | 281 |
Volatility
Volatility Chart
The current Federated Hermes Premier Municipal Income Fund volatility is 2.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Federated Hermes Premier Municipal Income Fund.
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Income Statement
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