Federated Hermes Short-Intermediate Municipal Fund SS Class
FSHSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Aug 31, 1993
- CIK
- 0000353101
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Short-Intermediate Municipal Fund SS Class (FSHSX) is an open-end mutual fund that seeks to provide dividend income exempt from federal regular income tax by investing primarily in investment-grade, short- to intermediate-term municipal bonds; the fund may allocate up to 49% of assets to below-investment-grade securities, or junk bonds, with no specific minimum quality rating; its portfolio emphasizes municipal tax-exempt obligations, including revenue bonds from economic development authorities, infrastructure banks, water and sewer systems, pollution control, and parish revenues, such as New Jersey Economic Development Authority Rev 4.12%, California Infrastructure & Economic Dev Bk Rev 1.2%, and New York City Mun Water Finance Auth Rev 3.65%, representing top holdings comprising about 11% of the portfolio; asset allocation is predominantly U.S. bonds at 99.26%, with minimal cash equivalents. The fund, with total net assets of approximately $368 million and a net expense ratio of 0.65%, targets investors seeking tax-efficient income from the national short municipal bond market, available primarily in the United States with a minimum initial investment of $1 million for the SS Class; portfolio management is led by Mary Jo Ochson since 2017, Kyle Stewart since 2022, and Ann Ferentino added in February 2025; it operates under Federated Hermes, Inc., headquartered in Pittsburgh, Pennsylvania, which traces its roots to 1955. In recent developments, effective February 10, 2025, senior portfolio manager Ann Ferentino was added to the fund's management team alongside existing managers Mary Jo Ochson and Kyle Stewart, in anticipation of Jeff Kozemchak's retirement in May 2025, as part of broader fixed-income team restructuring at Federated Hermes; the parent company announced in October 2025 a definitive agreement to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in assets, marking its expansion into U.S. multifamily real estate and second private markets deal of 2025 following Rivington Energy Management, with the transaction expected to close in the first half of 2026.