FIMYX

About FIMYX

Federated Hermes Intermediate Municipal Fund Institutional Shares is a tax-exempt municipal bond mutual fund focused on generating current income free from regular federal income tax. The portfolio primarily invests in investment-grade municipal securities with an intermediate dollar‑weighted average maturity, seeking a balance between income stability and interest-rate sensitivity characteristic of the intermediate segment of the muni market. Managed by Federated Hermes, the fund applies credit research across state and local government issuers and revenue-backed projects, with income distributions that may be subject to the Alternative Minimum Tax for certain investors and to state and local taxes. The strategy positions the fund within the broader municipal bond ecosystem that finances public infrastructure such as transportation, utilities, education, and healthcare, providing diversification benefits relative to taxable corporate and Treasury markets. The Institutional Shares class reflects a redesignation from former Y Shares, carrying forward performance history, and operates with standard mutual fund risk disclosures including sensitivity to interest-rate movements and potential volatility in lower-rated holdings where applicable. Current and detailed performance, yields, and holdings are maintained by the sponsor and industry data providers.