Federated Hermes Premier Municipal Income Fund (FMN)
Company Info
Expense Ratio
FMN has an expense ratio of 0.75%, placing it in the medium range.
Highlights
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
Federated Hermes Premier Municipal Income Fund (FMN) returned -1.42% year-to-date (YTD) and -0.66% over the past 12 months. Over the past 10 years, FMN returned 1.31% annually, underperforming the S&P 500 benchmark at 10.84%.
FMN
-1.42%
-0.02%
-4.39%
-0.66%
-0.02%
-0.51%
1.31%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 2.52% | -3.88% | -1.37% | -0.67% | -1.42% | |||||||
| 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% | 2.74% | -0.75% | -1.79% | 1.86% | 0.61% | -2.95% | -6.76% | -3.71% | 13.56% | 6.01% | 9.21% |
| 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% | 1.88% | 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% | -4.88% | -4.36% | 2.51% | -0.62% | -7.94% |
| 2017 | 3.30% | -1.73% | -1.19% | 2.69% | 1.42% | 2.67% | 2.89% | -1.53% | 0.62% | -2.60% | -0.61% | -0.06% | 5.77% |
| 2016 | 1.97% | 0.42% | 2.47% | 2.88% | 0.78% | 5.12% | 0.06% | -2.07% | 0.18% | -7.22% | -4.71% | -0.28% | -1.02% |
| 2015 | 4.10% | -0.96% | 1.66% | 0.16% | -0.11% | -6.06% | 1.53% | 3.12% | 0.72% | 4.48% | -0.32% | 0.90% | 9.16% |
| 2014 | 7.84% | 2.44% | 1.42% | 1.29% | 3.93% | 0.70% | -0.58% | 1.66% | -0.77% | -0.38% | -2.33% | 0.79% | 16.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMN is 42, 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.
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Dividends
Dividend History
Federated Hermes Premier Municipal Income Fund provided a 4.43% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.44 | $0.44 | $0.56 | $0.65 | $0.62 | $0.62 | $0.68 | $0.73 | $0.85 | $0.88 | $0.90 |
Dividend yield | 4.43% | 4.06% | 4.03% | 5.30% | 4.31% | 4.16% | 4.40% | 5.57% | 5.21% | 6.07% | 5.92% | 6.19% |
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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.20 | |||||||
| 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 | $0.88 |
| 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.
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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 26.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.01% | May 15, 2007 | 356 | Oct 10, 2008 | 200 | Jul 29, 2009 | 556 |
| -40.63% | Sep 22, 2021 | 530 | Oct 30, 2023 | — | — | — |
| -31.87% | Mar 9, 2020 | 8 | Mar 18, 2020 | 102 | Aug 12, 2020 | 110 |
| -24.85% | 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 chart below shows the rolling one-month volatility.
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Financials
Financial Performance
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.
Valuation
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.
Income Statement
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Interest Income | — |
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Net Interest Income | — |