FMTHX Fees and Costs — Federated Hermes Short-Intermediate Municipal Fund, Class A2
Data updated: 2026-09-10
The net expense ratio is 0.72%: a 0.39% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses, less a 0.06% fee waiver. This share class carries a maximum front-end sales load of 1.50%. Portfolio turnover was 26%.
FMTHX Fees and Expenses
Annual operating expenses and sales charges of FMTHX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 1.50% |
| 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 |
FMTHX Costs Over Time
On $10,000 invested in FMTHX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 | $150 | $150 | $150 |
| Fund expenses (net expense ratio 0.72%) | $74 | $233 | $405 |
| Lost growth on money paid in costs | $8 | $35 | $82 |
| Total costs | $232 | $418 | $638 |
| Value after costs | $10,268 | $11,158 | $12,125 |
| Impact on return, per year | 2.32% | 1.28% | 1.07% |
FMTHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $322.3M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
FMTHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $84.2M | 30.60% |
| Barclays Capital Inc. | $42.6M | 15.47% |
| BofA Securities, Inc. | $37.3M | 13.57% |
| Wells Fargo Securities, LLC | $28.1M | 10.22% |
| Morgan Stanley & Co. LLC | $22.1M | 8.03% |
| Goldman Sachs & Co. LLC | $18.4M | 6.70% |
| Jefferies LLC | $13.8M | 5.02% |
| Truist Securities, Inc. | $11.3M | 4.11% |
| Stifel, Nicolaus & Company, Incorporated | $9.3M | 3.40% |
| BNY Mellon Capital Markets, LLC | $7.9M | 2.87% |
Federated Hermes Short-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 |
|---|---|---|---|
| FSHIX | Institutional Shares | 0.40% | none |
| FMTAX | Class A | 0.65% | 1.00% |
| FSHSX | Service Shares | 0.65% | none |
| FMTHX | Class A2 | 0.72% | 1.50% |
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.