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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Net Margin %

: 96.20% (As of Nov. 2023)
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Net margin is calculated as Net Income divided by its Revenue. Federated Hermes Premier Municipalome Fund's Net Income for the six months ended in Nov. 2023 was $1.49 Mil. Federated Hermes Premier Municipalome Fund's Revenue for the six months ended in Nov. 2023 was $1.55 Mil. Therefore, Federated Hermes Premier Municipalome Fund's net margin for the quarter that ended in Nov. 2023 was 96.20%.

The historical rank and industry rank for Federated Hermes Premier Municipalome Fund's Net Margin % or its related term are showing as below:

FMN' s Net Margin % Range Over the Past 10 Years
Min: 52.68   Med: 98.24   Max: 100.42
Current: 96.56


FMN's Net Margin % is ranked better than
66.39% of 1672 companies
in the Asset Management industry
Industry Median: 86.05 vs FMN: 96.56

Federated Hermes Premier Municipalome Fund Net Margin % Historical Data

The historical data trend for Federated Hermes Premier Municipalome Fund's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => 99.23 [3] => 98.38 [4] => 98.14 [5] => 100.42 [6] => 96.56 )
Federated Hermes Premier Municipalome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net Margin %
Premium Member Only Premium Member Only 99.23 98.38 98.14 100.42 96.56

Federated Hermes Premier Municipalome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Net Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.23 100.24 100.98 96.81 96.20

Competitive Comparison

For the Asset Management subindustry, Federated Hermes Premier Municipalome Fund's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federated Hermes Premier Municipalome Fund Net Margin % Distribution

For the Asset Management industry and Financial Services sector, Federated Hermes Premier Municipalome Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Federated Hermes Premier Municipalome Fund's Net Margin % falls into.



Federated Hermes Premier Municipalome Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Federated Hermes Premier Municipalome Fund's Net Margin for the fiscal year that ended in Nov. 2023 is calculated as

Net Margin=Net Income (A: Nov. 2023 )/Revenue (A: Nov. 2023 )
=3.678/3.809
=96.56 %

Federated Hermes Premier Municipalome Fund's Net Margin for the quarter that ended in Nov. 2023 is calculated as

Net Margin=Net Income (Q: Nov. 2023 )/Revenue (Q: Nov. 2023 )
=1.494/1.553
=96.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federated Hermes Premier Municipalome Fund  (NYSE:FMN) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Federated Hermes Premier Municipalome Fund Net Margin % Related Terms

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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561
Federated Hermes Premier Municipal Income Fund is a United States-based diversified, closed-end management investment company. The investment objective of the fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Christopher Donahue director, officer: Trustee and President 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Christopher Herkins other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Duwayne Walker other: Portfolio Manager 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Madelyn A Reilly director C/O 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Gallagher James J. Ii other: Director, Fed. Inv. Mgmt Co. 500 DELAWARE AVENUE, SUITE 1500, WILMINGTON DE 19801
Patrick Benacci other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
G. Thomas Hough director P.O. BOX 407, LAKELAND FL 33802
Meter Stephen Van officer: Chief Compliance Officer FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109
P Jerome Richey director 1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036