Federated Hermes Premier Municipal Income Fund Overview
Pro stress-test →Federated Hermes Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by Federated Investors, Inc. and Federated Investment Management Company, respectively. The fund primarily invests in tax-exempt municipal bonds across GO state, GO local, special tax, hospital, transportation, and other municipal sectors. It seeks to provide investors with current dividend income that is exempt from regular federal income tax and features income exempt from the federal alternative minimum tax (AMT).
Strategic Profile
Pro stress-test →As a closed-end municipal income fund, FMN targets tax-conscious investors seeking current income from diversified municipal bond portfolios. The fund operates under parent company Federated Hermes, Inc., a global leader in active investing with $907.1 billion in assets under management as of March 31, 2026. The fund benefited from management enhancements in February 2026, adding Ann Ferentino, a 31-year Federated Hermes veteran with 28 years of investment experience, as senior portfolio manager in the Municipal Bond Group.
Competitive Landscape
Pro stress-test →FMN competes with other municipal income funds in the closed-end fund space. Primary competitors include Nuveen Municipal Income Fund and other tax-exempt bond funds targeting similar income-focused investor bases. The fund's competitive positioning relies on experienced active management, diversified municipal bond selection across multiple sectors, and tax efficiency benefits.
Industry Context
Federated Hermes Premier Municipal Income Fund operates in Closed-end municipal bond funds.
Key facts
Founded: 2002 · Headquarters: Pittsburgh, US · Employees: N/A · Revenue: $7.71M (FY2025) · Market cap: N/A