Federated Hermes Short-Intermediate Municipal Fund SS Class · Profile · TradingHolo
About Federated Hermes Short-Intermediate Municipal Fund SS Class
This fund aims to provide annual interest income distributions that are typically exempt from federal regular income tax. Its investment strategy involves allocating over half of its portfolio to investment-grade securities, including unrated debt of similar financial strength. Additionally, the fund may invest up to 49% of its holdings in lower-rated, speculative bonds—commonly known as "junk bonds"—or unrated instruments of comparable quality.