LMSCX Fees and Costs — Federated Hermes Municipal Bond Fund, Inc., Class C
Data updated: 2026-08-25
The net expense ratio is 1.58%: a 0.50% management fee, a 0.75% 12b-1 fee plus 0.56% other expenses, less a 0.23% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 37%.
LMSCX Fees and Expenses
Annual operating expenses and sales charges of LMSCX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.81% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| 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 |
LMSCX Costs Over Time
On $10,000 invested in LMSCX, assuming 5% a year before costs, total costs come to $977 over 5 years, cutting the return by 1.66% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.58%) | $166 | $515 | $887 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $269 | $540 | $977 |
| Value after costs | $10,231 | $11,036 | $11,786 |
| Impact on return, per year | 2.69% | 1.66% | 1.66% |
LMSCX 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
LMSCX 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 |
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.