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Intermediate Municipal SMA

Separately Managed Accounts . Intermediate Bond .
OverviewCommentaryDocuments
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Overview

 
STRATEGY

A composite of separately managed account portfolios seeking to provide tax-exempt income and capital preservation from portfolios of high quality municipal securities. Utilizing Federated Hermes' primary institutional fixed-income approach, the composite concentrates on analysis of municipal credit sector and quality allocation, duration, yield curve and security characteristics and is benchmarked against the S&P High Quality AMT-Free Intermediate Index.

KEY FACTS
Key Facts - Part 1
Benchmark S&P High Quality AMT-Free Intermediate Index
Key Facts - Part 2
Strategy Inception Date April 1 2019
INVESTMENT GOALS Retirement
Income
KEY INVESTMENT TEAM
R.J. Gallo, CFA
Senior Vice President
Senior Portfolio Manager
Head of Municipal Bond Investment Group
Head of Duration Committee

joined Federated Hermes
29 years of experience
Ann Ferentino, CFA
Vice President
Senior Portfolio Manager

joined Federated Hermes
26 years of experience

Commentary

Documents

 
DISCLOSURES

Investment strategies described on this site are not necessarily available through every sponsor program. Please check with your Federated Hermes representative or your home office to ascertain accessibility.

For a detailed discussion of Managed Account strategies or to receive additional information, please Contact Us.

Portfolio characteristics are from a representative portfolio and for illustrative purposes only. Actual account characteristics of individual accounts may be different. Portfolio characteristics are as of the date shown above and are based on individual securities in the portfolio on that date. Securities in the portfolio are subject to change. 

Refer to the GIPS report found on this website in the Performance Profile found in the Documents section.

For printing purposes, this commentary must be accompanied by the full GIPS report.

Issues discussed within this communication represent the investment manager's explanation of factors that were considered when executing transactions or holding specific securities on the prior date indicated. Because this is a managed portfolio, the investment mix will change and the holdings are not indicative of future portfolio composition. Marketplace conditions fluctuate suddenly and frequently, and investment manager's opinions may change. These comments are not intended to be and do not constitute recommendations that others buy, sell or hold any of the securities discussed. 

Past performance is no guarantee of future results.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.

Federated Investment Counseling