Federated Hermes Short-Intermediate Municipal Fund (FSHIX)
The fund pursues its objective by investing its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax. It will invest at least a majority of its assets in securities rated investment-grade (or unrated securities of comparable quality), and may purchase securities rated below investment-grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets.
Fund Info
US3139071076
313907107
Aug 20, 1981
$1,000,000
Expense Ratio
FSHIX has an expense ratio of 0.46%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Federated Hermes Short-Intermediate Municipal Fund (FSHIX) returned 0.86% year-to-date (YTD) and 4.04% over the past 12 months. Over the past 10 years, FSHIX returned 1.35% annually, underperforming the S&P 500 benchmark at 10.84%.
FSHIX
0.86%
0.65%
0.73%
4.04%
2.76%
1.42%
1.35%
^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 FSHIX, 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 | 0.54% | 0.62% | -0.35% | -0.16% | 0.20% | 0.86% | |||||||
| 2024 | 0.24% | 0.21% | -0.10% | -0.16% | -0.07% | 0.81% | 1.06% | 0.60% | 0.88% | -0.74% | 0.50% | -0.22% | 3.04% |
| 2023 | 1.38% | -0.84% | 0.92% | -0.20% | -0.11% | 0.52% | 0.20% | -0.18% | -1.02% | 0.05% | 2.51% | 1.01% | 4.27% |
| 2022 | -1.58% | -0.42% | -1.51% | -1.11% | 0.70% | -0.30% | 0.91% | -0.67% | -1.40% | -0.15% | 1.49% | 0.10% | -3.93% |
| 2021 | 0.19% | -0.71% | 0.25% | 0.37% | 0.17% | 0.16% | 0.19% | 0.06% | -0.51% | -0.19% | 0.33% | -0.03% | 0.27% |
| 2020 | 0.81% | 0.41% | -3.39% | -0.37% | 1.83% | 0.71% | 0.89% | 0.11% | 0.19% | -0.10% | 0.57% | 0.39% | 1.98% |
| 2019 | 0.36% | 0.34% | 0.46% | 0.07% | 0.56% | 0.35% | 0.45% | 0.53% | -0.44% | 0.24% | 0.14% | 0.24% | 3.35% |
| 2018 | -0.06% | 0.03% | 0.05% | -0.05% | 0.34% | 0.24% | 0.24% | 0.06% | -0.15% | -0.04% | 0.26% | 0.27% | 1.20% |
| 2017 | 0.41% | 0.50% | 0.12% | 0.21% | 0.52% | -0.18% | 0.32% | 0.42% | -0.08% | 0.03% | -0.36% | 0.24% | 2.17% |
| 2016 | 0.40% | 0.11% | -0.09% | 0.21% | 0.02% | 0.40% | 0.20% | 0.01% | -0.28% | 0.02% | -1.16% | 0.12% | -0.05% |
| 2015 | 0.60% | -0.18% | -0.08% | -0.17% | -0.17% | 0.02% | 0.12% | 0.02% | 0.21% | 0.21% | -0.09% | 0.12% | 0.60% |
| 2014 | 0.61% | 0.40% | -0.36% | 0.41% | 0.32% | 0.11% | 0.03% | 0.41% | 0.02% | 0.22% | 0.02% | -0.07% | 2.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, FSHIX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is 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 Short-Intermediate Municipal Fund (FSHIX) 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 Short-Intermediate Municipal Fund provided a 2.85% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.25 | $0.13 | $0.11 | $0.14 | $0.19 | $0.18 | $0.15 | $0.14 | $0.14 | $0.15 |
Dividend yield | 2.85% | 2.76% | 2.47% | 1.35% | 1.04% | 1.37% | 1.82% | 1.78% | 1.46% | 1.34% | 1.38% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Short-Intermediate Municipal 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 | $0.02 | $0.02 | $0.03 | $0.02 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.28 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.13 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
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 Short-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 Short-Intermediate Municipal Fund was 8.38%, occurring on Apr 24, 1984. Recovery took 4 trading sessions.
The current Federated Hermes Short-Intermediate Municipal Fund drawdown is 0.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.38% | Apr 16, 1984 | 6 | Apr 24, 1984 | 4 | Apr 30, 1984 | 10 |
| -7.07% | Mar 10, 2020 | 9 | Mar 20, 2020 | 176 | Nov 30, 2020 | 185 |
| -6.17% | Aug 6, 2021 | 311 | Oct 25, 2022 | 319 | Feb 1, 2024 | 630 |
| -3.39% | Sep 10, 2008 | 28 | Oct 17, 2008 | 61 | Jan 15, 2009 | 89 |
| -2.32% | Sep 4, 1987 | 31 | Oct 19, 1987 | 14 | Nov 6, 1987 | 45 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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