FIMTX Fees and Costs — Federated Hermes Intermediate Municipal Fund, Class A
Data updated: 2026-08-11
The net expense ratio is 0.70%: a 0.40% management fee plus 0.55% other expenses, less a 0.25% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 15%.
FIMTX Fees and Expenses
Annual operating expenses and sales charges of FIMTX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FIMTX Costs Over Time
On $10,000 invested in FIMTX, assuming 5% a year before costs, total costs come to $995 over 5 years, cutting the return by 1.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.70%) | $70 | $220 | $382 |
| Lost growth on money paid in costs | $22 | $82 | $163 |
| Total costs | $543 | $751 | $995 |
| Value after costs | $9,957 | $10,825 | $11,768 |
| Impact on return, per year | 5.43% | 2.32% | 1.69% |
FIMTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $106.2M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FIMTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $28.4M | 31.88% |
| Goldman Sachs & Co. LLC | $18.7M | 20.95% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $10.5M | 11.72% |
| Barclays Capital Inc. | $7.4M | 8.31% |
| BNY Mellon Capital Markets, LLC | $5.5M | 6.12% |
| Morgan Stanley & Co. LLC | $5.3M | 5.90% |
| RBC Capital Markets, LLC | $4.5M | 4.99% |
| Wells Fargo Securities, LLC | $3.2M | 3.58% |
| Raymond James & Associates, Inc. | $3.2M | 3.55% |
| Loop Capital Markets LLC | $2.7M | 2.99% |
Federated Hermes Intermediate Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIMYX | Institutional Shares | 0.45% | none |
| FIMTX | Class A | 0.70% | 4.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.