0001145549-23-065394.txt : 20231102 0001145549-23-065394.hdr.sgml : 20231102 20231102120646 ACCESSION NUMBER: 0001145549-23-065394 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231102 DATE AS OF CHANGE: 20231102 EFFECTIVENESS DATE: 20231102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Hermes Municipal Securities Income Trust CENTRAL INDEX KEY: 0000866700 IRS NUMBER: 251695291 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06165 FILM NUMBER: 231370901 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19991029 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19921023 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL INCOME TRUST DATE OF NAME CHANGE: 19920703 0000866700 S000009090 Federated Hermes Michigan Intermediate Municipal Fund C000024699 Class A Shares MMIFX C000219235 Institutional Shares MMFIX 0000866700 S000009093 Federated Hermes Ohio Municipal Income Fund C000024703 Class F Shares OMIFX C000070760 Class A Shares OMIAX C000219236 Institutional Shares OMIIX 0000866700 S000009094 Federated Hermes Pennsylvania Municipal Income Fund C000024704 Class A Shares PAMFX C000219237 Institutional Shares PAMIX 0000866700 S000012747 Federated Hermes Municipal High Yield Advantage Fund C000034361 Class A Shares FMOAX C000034362 Class B Shares FMOBX C000034363 Class C Shares FMNCX C000034364 Class F Shares FHTFX C000130166 Institutional Shares FMYIX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000866700 XXXXXXXX true false false N-1A true Federated Hermes Municipal Securities Income Trust 811-06165 0000866700 254900RAQHES8ITD1U55 Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 US-PA US 8003417400 Federated Hermes Municipal Securities Income Trust Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 8003417400 Registrant - All records required to be maintained that are not maintained by other service providers. Federated Administrative Services 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Administrator - Records include but are not limited to those related to calculation of NAV, income and expense accruals, securities pricing, preparation of regulatory documents, financial books and records, performance calculations and tax related documents. Federated Securities Corp. 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Distributor - Records include but are not limited to trade blotters, asset and liability ledgers, income and expense ledgers, capital account ledgers, customer account ledgers, securities records, order tickets and trade confirmations. Federated Advisory Services Company 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. Federated Investment Management Company 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. The Bank of New York Mellon One Wall Street New York 10286 5088714582 Custodian - Fund securities and cash records. SS&C GIDS, Inc. P.O. Box 219318 Kansas City 64121-9318 8168714100 Transfer Agent and Dividend Disbursing Agent - Fund shareholder records N N N-1A 4 Y J. Christopher Donahue 000814703 Y John T. Collins N/A N G. Thomas Hough N/A N Maureen Lally-Green N/A N Thomas M. O'Neill N/A N P. Jerome Richey N/A N John S. Walsh N/A N Madelyn A. Reilly N/A N John B. Fisher N/A Y Stephen Van Meter 006020413 1001 Liberty Avenue Pittsburgh 15222-3779 XXXXXX N N N N N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 Y N KPMG LLP 00185 N/A N N N N N N N Federated Hermes Michigan Intermediate Municipal Fund S000009090 DOBDWPX3CALP91N02T10 N 2 0 0 N/A N N Y N Citibank N.A. 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E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N SS&C GIDS, Inc. 084-00896 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N SS&C GIDS, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 270.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 276.000000000000 546.000000000000 B.C. Ziegler and Company 8-00094-1 000000061 549300V0G64RT328XK96 19736434.000000000000 BofA Securities, Inc. 8-69787-1 000283942 549300HN4UKV1E2R3U73 25556287.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 14143388.000000000000 D.A. Davidson & Co. 8-02399-1 000000199 549300094RQ5A7DYLF51 11854856.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 9337914.000000000000 Hilltop Securities Inc. 8-45123-1 000006220 549300IXU82PMU6XZT45 10318370.000000000000 J.P. 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E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N SS&C GIDS, Inc. 084-00896 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N SS&C GIDS, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 364.500000000000 364.500000000000 BofA Securities, Inc. 8-69787-1 000283942 549300HN4UKV1E2R3U73 7409570.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 9748925.000000000000 Hilltop Securities Inc. 8-45123-1 000006220 549300IXU82PMU6XZT45 3598944.000000000000 Loop Capital Markets LLC 8-50140-1 000043098 254900FPPM2WN90D4786 8633965.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 2799660.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 3557033.000000000000 Siebert Williams Shank & Co., LLC 8-49877-1 000042568 254900VTARX8RAY9QK77 2209760.000000000000 TD Securities (USA) LLC 8-36747-1 000018476 SUVUFHICNZMP2WKHG940 4039400.000000000000 UBS Securities LLC 8-22651-1 000007654 T6FIZBDPKLYJKFCRVK44 2098590.000000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 2388794.000000000000 58758213.000000000000 N 105575619.380986000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Hermes Pennsylvania Municipal Income Fund S000009094 ZPBNK4GWWRBOLYCCE807 N 2 0 0 N/A N N Y N Citibank N.A. E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N SS&C GIDS, Inc. 084-00896 N/A N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N SS&C GIDS, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 207.000000000000 207.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 2549410.000000000000 BNY Mellon Capital Markets, LLC 8-35255-1 000017454 VJW2DOOHGDT6PR0ZRO63 1031120.000000000000 BofA Securities, Inc. 8-69787-1 000283942 549300HN4UKV1E2R3U73 3658522.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 974100.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 2746973.000000000000 Herbert J. Sims & Co, Inc. 8-03315-1 000003420 254900SV6UESQBS8XP98 401875.000000000000 Hilltop Securities Inc. 8-45123-1 000006220 549300IXU82PMU6XZT45 935620.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 3940440.000000000000 Janney Montgomery Scott LLC 8-00462-1 000000463 549300QQRY1JCFQHYS08 1242640.000000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 3136900.000000000000 49520748.850000000000 N 121322432.993260000000 0.000000000000 Committed 500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 icr_fhmunisecincometrust.htm INTERNAL CONTROL REPORT - FEDERATED HERMES MUNICIPAL SECURITIES INCOME TRUST

Report of Independent Registered Public Accounting Firm 

To the Board of Trustees of Federated Hermes Municipal Securities Income Trust and Shareholders of the Funds:
 

In planning and performing our audits of the financial statements of Federated Hermes Michigan Intermediate Municipal Fund, Federated Hermes Municipal High Yield Advantage Fund, Federated Hermes Ohio Municipal Income Fund, and Federated Hermes Pennsylvania Municipal Income Fund (the Funds), each a series of the Federated Hermes Municipal Securities Income Trust, as of and for the year ended August 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. 

Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements will not be prevented or detected on a timely basis. 

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operations, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of August 31, 2023. 

This report is intended solely for the information and use of management and the Board of Trustees of Federated Hermes Municipal Securities Income Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. 

/s/ KPMG LLP 

Boston, Massachusetts
October 24, 2023