Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide shareholders with a high level of current tax-exempt income. The fund pursues its objective by investing primarily in investment-grade municipal obligations, including general obligation bonds, revenue bonds and other municipal debt securities. Through active portfolio management, FMN seeks to capitalize on relative value opportunities across various sectors of the U.S. municipal bond market.
The fund’s investment strategy is guided by in-depth credit research and rigorous risk management. Its portfolio managers analyze issuers’ financial fundamentals, revenue-pledge structures and legal covenants to construct a diversified mix of municipal bonds that may include insured and non-insured securities, as well as floating-rate instruments. With a focus on preserving capital and distributing tax-advantaged income, the fund may adjust sector allocations and duration exposures in response to evolving interest-rate and credit-market conditions.
FMN is managed by Federated Investment Management Company, a wholly owned subsidiary of Federated Hermes, Inc., which provides municipal fixed-income expertise to institutional and retail investors. Federated Hermes traces its roots back to 1955 and is headquartered in Pittsburgh, Pennsylvania, with global offices serving clients across North America, Europe and Asia. The firm employs a team of municipal bond specialists who combine fundamental credit analysis with macroeconomic insights.
The fund primarily invests in U.S. state and local government issues, targeting a broad geographical footprint that spans public utilities, transportation authorities, health care, education and general infrastructure projects. Oversight is provided by a board of trustees, while day-to-day management is conducted by an experienced team of portfolio professionals. FMN offers investors exposure to the U.S. municipal market with the objective of delivering tax-free distributions and potential for capital appreciation over the long term.
AI Generated. May Contain Errors.
MarketBeat All Access