The Federated Hermes Premier Municipal Income Fund (FMN) is a mutual fund that primarily invests in municipal bonds, which are issued by state and local governments to fund public projects. This fund aims to provide investors with a steady stream of tax-free income while also preserving their capital. It is managed by Federated Hermes, a leading investment management firm, and focuses on high-quality municipal bonds with a variety of maturities and credit ratings. The FMN fund may be a suitable option for investors seeking tax-efficient income and diversification in their portfolio.