FMTAX

About FMTAX

Federated Hermes Short-Intermediate Duration Municipal Trust Class A Shares is an open-end municipal bond mutual fund focused on providing dividend income that is generally exempt from federal regular income tax. The fund invests primarily in short- to intermediate-maturity municipal securities, targeting limited interest-rate sensitivity while seeking consistent tax-exempt income through monthly distributions. Its portfolio spans a broad mix of state and local issuers across essential-service revenue and general obligation bonds, with the flexibility to hold both investment-grade and, to a limited extent, below-investment-grade municipal debt to manage yield and credit opportunities. The strategy emphasizes diversified exposure across sectors and geographies, maintaining a moderate effective duration profile typical of the national short muni category. With a long operating history and a defined objective centered on tax-advantaged income, it serves as a core tax-exempt fixed income allocation for investors seeking lower volatility than longer-duration municipal strategies and a focus on federally tax-exempt interest income. The fund’s approach and disclosures note potential exposure to the Alternative Minimum Tax and the applicability of state and local taxes on distributions.