LMSCX

About LMSCX

Federated Hermes Municipal Bond Fund Class C Shares is a mutual fund focused on providing investors with current income that is generally exempt from federal regular income taxes. This fund primarily invests in a diversified portfolio of long-term U.S. municipal bonds, which are debt securities issued by state and local governments or their agencies. As an actively managed fund, it seeks capital preservation and moderate appreciation by targeting high-quality municipal securities, appealing to individuals and institutions interested in tax-advantaged income streams. Established in 1993, the fund follows a "Muni National Long" strategy, which means it holds bonds from a wide range of municipalities across the United States with longer maturities. The fund's structure as "Class C Shares" typically involves higher ongoing expenses in exchange for lower upfront costs, making it suitable for investors with specific time horizons. With its focus on municipal bonds, this fund plays a significant role in fixed income markets, offering exposure to public sector infrastructure and community development while helping investors manage income tax obligations.