LMSBX — Federated Hermes Municipal Bond Fund, Inc.
Data updated: 2026-08-25
LMSBX — Federated Hermes Municipal Bond Fund, Inc. Long Municipal - National Bond · $210.07M AUM. Holdings, fees, performance and SEC filings.
LMSBX Fund Overview
LMSBX — Federated Hermes Municipal Bond Fund, Inc. is a US mutual fund managed by Federated Hermes Municipal Bond Fund, Inc., categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Municipal Bond Fund, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $210.07M
- 1-year return: 0.0%
- Ticker: LMSBX
- SEC CIK: 0000201801
- SEC series ID: S000009070
- Share class ID: C000024643
LMSBX Investment Objective and Strategy
Federated Hermes Municipal Bond Fund, Inc. describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Municipal Bond Fund, Inc..
Investment objective
The Funds investment objective is to provide for its shareholders a high level of current income which is exempt from federal regular income tax.
Principal investment strategy
The Funds investment objective is to provide for its shareholders a high level of current income which is 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. The Funds investment adviser (Adviser) may also invest the Funds assets in securities whose interest (while exempt from the federal regular income tax) may be subject to (or may be a specific preference item for purposes of) the federal alternative minimum income tax (AMT) for individuals. The Adviser may lengthen or shorten the duration of the Funds portfolio from time to time based on its interest rate outlook, but the Fund has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.
The Fund does not limit itself to securities of a particular maturity range. The Fund will invest at least a majority of its assets in securities rated investment grade (or unrated securities of comparable quality), and may purchase securities rated below investment grade (or unrated securities of comparable quality), which are also known as junk bonds, up to 49% of its assets. Investment-grade securities are securities that receive investment-grade ratings (i.e., generally ratings in the first, second, third or fourth highest rating category) by a nationally recognized statistical rating organization (NRSRO) or unrated securities of comparable quality. For example, securities rated AAA, AA, A or BBB (including modifiers, sub-categories or gradations) by S&P Global Ratings, an NRSRO, would be rated in the first, second, third or fourth ratings category, respectively.
Securities rated below investment grade (or noninvestment-grade securities) are securities that do not receive investment-grade ratings (i.e., generally ratings below one of the four highest rating categories) by an NRSRO or unrated securities of comparable quality. For example, securities rated B or BB (including modifiers, sub-categories or gradations) by S&P Global Ratings would be noninvestment-grade securities. The presence of a ratings modifier, sub-category, or gradation (for example, a (+) or (-)) is intended to show relative standing within the major rating categories and does not affect the security credit rating for purposes of the Funds investment parameters. The Fund does not have a specific minimum quality rating. The types of securities in which the Fund may principally invest include tax-exempt securities, such as the following types: general obligation bonds, special revenue bonds, private activity bonds, tax increment financing bonds, municipal leases, zero-coupon securities, inverse floaters, municipal mortgage-backed securities, planned amortization classes, variable rate demand instruments, municipal notes and municipal auction rate securities.
Certain of the tax-exempt securities in which the Fund invests may be subject to credit enhancement. The Fund also may principally invest in derivative contracts (such as, for example, futures contracts, options contracts and swap contracts) and hybrid instruments to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments in an attempt to benefit from changes in the value of the underlying instrument(s), to gain exposure to the municipal bond sector, to increase or decrease the effective duration of the Funds portfolio or to hedge against potential losses. There can be no assurance that the Funds use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Funds 80% policy (as described below) and are calculated at market value.
The Fund also may invest in certain securities or other investments as described herein (such as market discount bonds, credit default swaps and other derivative transactions) that will likely cause the Fund to realize a limited amount of ordinary income or short-term capital gains (which are treated as ordinary income for federal income tax purposes) and, as a result, may result in taxable distributions to shareholders. The Fund will normally invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax. This policy may not be changed without shareholder approval.
LMSBX Holdings
Top 10 holdings of Federated Hermes Municipal Bond Fund, Inc. by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Harris Cnty Tex Cultural Ed Facs Fin Corp. | 1.76% |
| Illinois St | 1.55% |
| Salt Lake City Utah | 1.53% |
| Hutto Independent School District (tx) | 1.50% |
| Indianapolis Local Public Improvement Bond Bank (in) | 1.49% |
| Massachusetts State Transn Funding Rev | 1.49% |
| Louisiana Stadium And Exposition District (la) | 1.48% |
| Black Belt Energy Gas District (the) (al) | 1.42% |
| Boston (ma), City Of | 1.33% |
| Birmingham Special Care Facilities Financing (al) | 1.26% |
LMSBX Portfolio Allocation
Asset-class allocation of Federated Hermes Municipal Bond Fund, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.7% |
LMSBX Performance
Total returns for LMSBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -2.8% |
| 5 years (annualised) | -0.7% |
LMSBX Risk Information
Risk metrics for LMSBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
LMSBX Costs and Fees
LMSBX costs about $159 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.59%
- Gross expense ratio: 1.68%
- Portfolio turnover: 37%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
LMSBX Cashflows
Over the 12 months to 2026-06, Federated Hermes Municipal Bond Fund, Inc. had net outflows of $17.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$797.79K |
| 2026-05 | −$1.83M |
| 2026-04 | −$1.22M |
| 2026-03 | $1.76M |
| 2026-02 | −$1.92M |
| 2026-01 | −$1.91M |
LMSBX Debt Constituents
Largest debt holdings of Federated Hermes Municipal Bond Fund, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Harris Cnty Tex Cultural Ed Facs Fin Corp. | 1.76% |
| Illinois St | 1.55% |
| Salt Lake City Utah | 1.53% |
| Hutto Independent School District (tx) | 1.50% |
| Indianapolis Local Public Improvement Bond Bank (in) | 1.49% |
| Massachusetts State Transn Funding Rev | 1.49% |
| Louisiana Stadium And Exposition District (la) | 1.48% |
| Black Belt Energy Gas District (the) (al) | 1.42% |
| Boston (ma), City Of | 1.33% |
| Birmingham Special Care Facilities Financing (al) | 1.26% |
LMSBX Prospectus and SEC Filings
Official Federated Hermes Municipal Bond Fund, Inc. filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-26
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus (485BPOS) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-06-09
- Annual census (N-CEN) — filed 2025-06-02
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.