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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Scaled Net Operating Assets : 0.61 (As of Nov. 2023)


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What is Federated Hermes Premier Municipalome Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Federated Hermes Premier Municipalome Fund's operating assets for the quarter that ended in Nov. 2023 was $233.03 Mil. Federated Hermes Premier Municipalome Fund's operating liabilities for the quarter that ended in Nov. 2023 was $92.89 Mil. Federated Hermes Premier Municipalome Fund's Total Assets for the quarter that ended in May. 2023 was $231.22 Mil. Therefore, Federated Hermes Premier Municipalome Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.61.

Federated Hermes Premier Municipalome Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(233.032-92.891)/233.063
=0.60

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=233.117 - 0.085
=233.032

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=92.891 - 0 - 0
=92.891

Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(233.032-92.891)/231.215
=0.61

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=233.117 - 0.085
=233.032

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=92.891 - 0 - 0
=92.891

* 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 Scaled Net Operating Assets Related Terms

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

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Premier Municipal Income Fund (NYSE:FMN) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561
Website
https://www.federatedinvestors.com
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