Federated Hermes Intermediate Municipal Fund Institutional Shares
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Fund Information
Fund Type
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Open/Closed to New Investors
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Cash
Stock
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Non U.S. Stock
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Preferred
Convertible
Other
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Company Information
Provider
Federated
Manager/Tenure
(Years)
(Years)
Richard J. Gallo (7), Ann Ferentino (3)
Address
Federated Investors Funds
Warrendale PA - 15086-7561
Warrendale PA - 15086-7561
Country
United States
Phone Number
800-341-7400
Investment Strategy
The investment seeks to provide current income exempt from federal regular income tax. The fund pursues its objective by investing its assets so that, normally distributions of annual interest income are exempt from federal regular income tax. At least 75% of its portfolio securities will be investment grade or of comparable quality. The fund's Adviser expects that, normally, up to 15% of the fund's total assets may be invested in securities rated below investment grade. The fund's average weighted maturity is not less than three nor more than ten years.