Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +0.91% | -5.05% | -12.54% | -11.14% | -10.26% | -9.77% | +1.09% | -8.08% | -4.07% | -2.25% |
| Market-price total return | +0.91% | -4.63% | -11.44% | -8.94% | -6.91% | -5.26% | +5.68% | -3.86% | +0.58% | +6.07% |
| NAV return | +1.90% | -3.85% | -10.07% | -9.64% | -9.49% | -9.57% | -0.53% | -6.24% | -3.25% | -1.02% |
| NAV total return | +1.90% | -3.47% | -9.05% | -7.61% | -6.45% | -5.51% | +3.51% | -2.41% | +1.02% | +7.81% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.09% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.09% | 0.07% | as above |
| Volatility, 5 years | 0.10% | 0.07% | as above |
| Maximum drawdown, 3 years | -16.29% | -11.63% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.21 | -0.06 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.30 | -0.08 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.43 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.63 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Federated Hermes Premier Municipal Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.