FSHIX Fees and Costs — Federated Hermes Short-Intermediate Municipal Fund, Institutional Shares
Data updated: 2026-09-10
The net expense ratio is 0.40%: a 0.39% management fee plus 0.47% other expenses, less a 0.46% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 26%.
FSHIX Fees and Expenses
Annual operating expenses and sales charges of FSHIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.46% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FSHIX Costs Over Time
On $10,000 invested in FSHIX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 |
| Fund expenses (net expense ratio 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
FSHIX 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
FSHIX 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 |
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.