LMSBX Fees and Costs — Federated Hermes Municipal Bond Fund, Inc., Class B
Data updated: 2026-08-25
The net expense ratio is 1.59%: a 0.43% management fee, a 0.75% 12b-1 fee plus 0.50% other expenses, less a 0.09% fee waiver. This share class carries a deferred sales charge of up to 5.50%. Portfolio turnover was 37%.
LMSBX Fees and Expenses
Annual operating expenses and sales charges of LMSBX. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.50% |
| 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 |
LMSBX Costs Over Time
On $10,000 invested in LMSBX, assuming 5% a year before costs, total costs come to $983 over 5 years, cutting the return by 1.67% 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 | $568 | $0 | $0 |
| Fund expenses (net expense ratio 1.59%) | $167 | $518 | $892 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $735 | $543 | $983 |
| Value after costs | $9,765 | $11,033 | $11,780 |
| Impact on return, per year | 7.35% | 1.67% | 1.67% |
LMSBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $266.0M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
LMSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $60.4M | 31.07% |
| Wells Fargo Securities, LLC | $27.3M | 14.03% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $19.8M | 10.18% |
| Goldman Sachs & Co. LLC | $19.2M | 9.89% |
| Barclays Capital Inc. | $17.6M | 9.06% |
| B.C. Ziegler and Company | $11.3M | 5.82% |
| Stifel, Nicolaus & Company, Incorporated | $10.5M | 5.38% |
| Piper Sandler & Co. | $10.0M | 5.16% |
| RBC Capital Markets, LLC | $9.2M | 4.74% |
| Morgan Stanley & Co. LLC | $9.1M | 4.67% |
Federated Hermes Municipal Bond Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LMBIX | Institutional Shares | 0.58% | none |
| LMFFX | Class F | 0.83% | 1.00% |
| LMSFX | Class A | 0.83% | 4.50% |
| LMSCX | Class C | 1.58% | none |
| LMSBX | Class B | 1.59% | 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.