Federated Hermes Premier Municipal Income Fund (FMN) vs Western Asset Investment Grade Opportunity (IGI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Western Asset Investment Grade Opportunity is the larger company by market cap ($92.1 million vs $76.9 million), about 1.2 times the size. On valuation, Federated Hermes Premier Municipal Income Fund trades at a lower trailing P/E (8.6x vs 13.6x for Western Asset Investment Grade Opportunity). Federated Hermes Premier Municipal Income Fund pays a dividend yielding 5.13%, while Western Asset Investment Grade Opportunity does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | FMN | IGI |
|---|---|---|
| Share price | $9.84 | $15.37 |
| Market cap | $76.94M | $92.12M |
| 1-day change | -0.40% | +0.26% |
| YTD return | -11.07% | — |
| 1-year return | -9.77% | — |
| 5-year return | -34.31% | — |
| P/E ratio (TTM) | 8.63 | 13.60 |
| EPS (TTM) | $1.14 | $1.13 |
| Dividend yield | 5.13% | 5.55% |
| Annual dividend | $0.505 | $0.00 |
| 52-week high | $11.76 | $16.93 |
| 52-week low | $9.77 | $15.08 |
| Distance from 52-week high | -16.33% | -9.21% |
| Average volume | 32.76K | 13.46K |
| Shares outstanding | 7.82M | 5.99M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Investment Grade Opportunity trades at a higher earnings multiple (13.6x vs 8.6x trailing P/E).
FMN vs IGI FAQ
Which is bigger, Federated Hermes Premier Municipal Income Fund or Western Asset Investment Grade Opportunity?
Western Asset Investment Grade Opportunity (IGI) is larger, with a market capitalization of $92.12M compared with $76.94M for Federated Hermes Premier Municipal Income Fund (FMN).
Which has the lower P/E ratio, FMN or IGI?
FMN has the lower trailing P/E at 8.6, versus 13.6 for IGI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Federated Hermes Premier Municipal Income Fund or Western Asset Investment Grade Opportunity?
Western Asset Investment Grade Opportunity has the higher yield at 5.55%, compared with 5.13% for Federated Hermes Premier Municipal Income Fund.
Are Federated Hermes Premier Municipal Income Fund and Western Asset Investment Grade Opportunity in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.