Federated Hermes Municipal High Yield Advantage Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.3%
1 yr return
4.3%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
1.0%
Net Assets
$485 M
Holdings in Top 10
14.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMOAX - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.35%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Municipal High Yield Advantage Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateSep 20, 1996
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLee Cunningham
Fund Description
FMOAX - Performance
Return Ranking - Trailing
Period | FMOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.3% | -4.6% | 3.5% | 45.63% |
1 Yr | 4.3% | -4.1% | 8.6% | 42.72% |
3 Yr | -1.4%* | -10.0% | 1.5% | 33.33% |
5 Yr | 1.0%* | -5.1% | 524.1% | 45.83% |
10 Yr | 3.0%* | -0.1% | 155.3% | 48.82% |
* Annualized
Return Ranking - Calendar
Period | FMOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.5% | 7.5% | 50.97% |
2022 | -16.3% | -26.9% | -3.5% | 33.99% |
2021 | 2.2% | -1.9% | 5.6% | 47.00% |
2020 | -0.9% | -10.1% | 4.2% | 82.83% |
2019 | 5.6% | 2.0% | 9.1% | 35.42% |
Total Return Ranking - Trailing
Period | FMOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.3% | -4.6% | 3.5% | 45.63% |
1 Yr | 4.3% | -4.1% | 8.6% | 42.72% |
3 Yr | -1.4%* | -10.0% | 1.5% | 33.33% |
5 Yr | 1.0%* | -5.1% | 524.1% | 45.83% |
10 Yr | 3.0%* | -0.1% | 155.3% | 48.82% |
* Annualized
Total Return Ranking - Calendar
Period | FMOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | 0.4% | 10.9% | 48.06% |
2022 | -13.4% | -26.9% | -2.9% | 36.45% |
2021 | 5.2% | -1.9% | 10.0% | 56.00% |
2020 | 2.8% | -4.1% | 8.2% | 66.16% |
2019 | 9.2% | 3.5% | 1028633.9% | 36.46% |
NAV & Total Return History
FMOAX - Holdings
Concentration Analysis
FMOAX | Category Low | Category High | FMOAX % Rank | |
---|---|---|---|---|
Net Assets | 485 M | 9.79 K | 16.1 B | 62.80% |
Number of Holdings | 363 | 1 | 3076 | 55.34% |
Net Assets in Top 10 | 72 M | -102 M | 3.44 B | 66.99% |
Weighting of Top 10 | 14.86% | 4.7% | 100.7% | 40.98% |
Top 10 Holdings
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 3.18%
- Buckeye Tobacco Settlement Financing Authority 2.08%
- City of Seattle WA Municipal Light Power Revenue 2.04%
- State of Illinois 1.76%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 1.23%
- California Health Facilities Financing Authority 1.00%
- Colorado Health Facilities Authority 0.97%
- Tobacco Settlement Financing Corp/NJ 0.90%
- JPMorgan Chase Putters/Drivers Trust 0.87%
- TOBACCO SETTLEMENT FINANCING CORP/VA 0.83%
Asset Allocation
Weighting | Return Low | Return High | FMOAX % Rank | |
---|---|---|---|---|
Bonds | 98.76% | 0.00% | 146.69% | 50.72% |
Cash | 1.24% | -0.64% | 100.00% | 46.60% |
Stocks | 0.00% | 0.00% | 99.38% | 60.77% |
Preferred Stocks | 0.00% | -47.61% | 1.64% | 49.03% |
Other | 0.00% | -12.04% | 9.96% | 49.51% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 49.03% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FMOAX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 0.00% | 100.00% | 4.85% |
Derivative | 0.00% | -12.35% | 1.55% | 45.15% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 72.82% |
Securitized | 0.00% | 0.00% | 22.44% | 51.46% |
Corporate | 0.00% | 0.00% | 2.83% | 73.79% |
Government | 0.00% | 0.00% | 0.09% | 52.43% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FMOAX % Rank | |
---|---|---|---|---|
US | 98.76% | 0.00% | 139.84% | 44.66% |
Non US | 0.00% | 0.00% | 13.35% | 55.34% |
FMOAX - Expenses
Operational Fees
FMOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.07% | 0.21% | 3.44% | 41.46% |
Management Fee | 0.60% | 0.00% | 1.41% | 86.60% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.81% |
Administrative Fee | 0.10% | 0.02% | 0.35% | 55.74% |
Sales Fees
FMOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 1.00% | 4.50% | 13.95% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FMOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FMOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 2.00% | 121.00% | 15.63% |
FMOAX - Distributions
Dividend Yield Analysis
FMOAX | Category Low | Category High | FMOAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.01% | 0.00% | 6.00% | 40.67% |
Dividend Distribution Analysis
FMOAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FMOAX | Category Low | Category High | FMOAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.35% | 1.11% | 5.70% | 38.76% |
Capital Gain Distribution Analysis
FMOAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 09, 2024 | $0.027 | OrdinaryDividend |
Mar 07, 2024 | $0.026 | OrdinaryDividend |
Feb 07, 2024 | $0.026 | OrdinaryDividend |
Jan 09, 2024 | $0.026 | OrdinaryDividend |
Dec 07, 2023 | $0.026 | OrdinaryDividend |
Nov 07, 2023 | $0.027 | OrdinaryDividend |
Oct 09, 2023 | $0.026 | OrdinaryDividend |
Sep 07, 2023 | $0.026 | OrdinaryDividend |
Aug 08, 2023 | $0.025 | OrdinaryDividend |
Jul 07, 2023 | $0.025 | OrdinaryDividend |
Jun 07, 2023 | $0.025 | OrdinaryDividend |
May 09, 2023 | $0.026 | OrdinaryDividend |
Apr 07, 2023 | $0.024 | OrdinaryDividend |
Mar 07, 2023 | $0.026 | OrdinaryDividend |
Feb 07, 2023 | $0.025 | OrdinaryDividend |
Jan 09, 2023 | $0.025 | OrdinaryDividend |
Dec 07, 2022 | $0.025 | OrdinaryDividend |
Nov 08, 2022 | $0.025 | OrdinaryDividend |
Oct 07, 2022 | $0.024 | OrdinaryDividend |
Sep 07, 2022 | $0.024 | OrdinaryDividend |
Aug 09, 2022 | $0.023 | OrdinaryDividend |
Jul 07, 2022 | $0.024 | OrdinaryDividend |
Jun 07, 2022 | $0.025 | OrdinaryDividend |
May 09, 2022 | $0.024 | OrdinaryDividend |
Apr 07, 2022 | $0.023 | OrdinaryDividend |
Mar 08, 2022 | $0.023 | OrdinaryDividend |
Feb 08, 2022 | $0.023 | OrdinaryDividend |
Jan 07, 2022 | $0.023 | OrdinaryDividend |
Dec 07, 2021 | $0.023 | OrdinaryDividend |
Nov 09, 2021 | $0.023 | OrdinaryDividend |
Oct 07, 2021 | $0.024 | OrdinaryDividend |
Sep 08, 2021 | $0.024 | OrdinaryDividend |
Aug 09, 2021 | $0.024 | OrdinaryDividend |
Jul 07, 2021 | $0.026 | OrdinaryDividend |
Jun 08, 2021 | $0.024 | OrdinaryDividend |
May 07, 2021 | $0.025 | OrdinaryDividend |
Apr 07, 2021 | $0.025 | OrdinaryDividend |
Mar 09, 2021 | $0.025 | OrdinaryDividend |
Feb 09, 2021 | $0.026 | OrdinaryDividend |
Dec 08, 2020 | $0.026 | OrdinaryDividend |
Nov 09, 2020 | $0.026 | OrdinaryDividend |
Oct 07, 2020 | $0.026 | OrdinaryDividend |
Sep 09, 2020 | $0.026 | OrdinaryDividend |
Aug 07, 2020 | $0.026 | OrdinaryDividend |
Jul 07, 2020 | $0.027 | OrdinaryDividend |
Jun 09, 2020 | $0.027 | OrdinaryDividend |
May 07, 2020 | $0.028 | OrdinaryDividend |
Apr 07, 2020 | $0.029 | OrdinaryDividend |
Mar 09, 2020 | $0.027 | OrdinaryDividend |
Feb 07, 2020 | $0.027 | OrdinaryDividend |
Jan 07, 2020 | $0.027 | OrdinaryDividend |
Dec 09, 2019 | $0.027 | OrdinaryDividend |
Oct 08, 2019 | $0.027 | OrdinaryDividend |
Sep 09, 2019 | $0.027 | OrdinaryDividend |
Aug 07, 2019 | $0.028 | OrdinaryDividend |
Jul 09, 2019 | $0.027 | OrdinaryDividend |
Jun 07, 2019 | $0.028 | OrdinaryDividend |
May 07, 2019 | $0.028 | OrdinaryDividend |
Apr 09, 2019 | $0.028 | OrdinaryDividend |
Mar 07, 2019 | $0.028 | OrdinaryDividend |
Feb 07, 2019 | $0.028 | OrdinaryDividend |
Jan 08, 2019 | $0.028 | OrdinaryDividend |
Dec 07, 2018 | $0.028 | OrdinaryDividend |
Nov 07, 2018 | $0.028 | OrdinaryDividend |
Oct 09, 2018 | $0.028 | OrdinaryDividend |
Sep 07, 2018 | $0.028 | OrdinaryDividend |
Aug 07, 2018 | $0.028 | OrdinaryDividend |
Jul 09, 2018 | $0.028 | OrdinaryDividend |
Jun 07, 2018 | $0.028 | OrdinaryDividend |
May 08, 2018 | $0.028 | OrdinaryDividend |
Apr 09, 2018 | $0.028 | OrdinaryDividend |
Mar 07, 2018 | $0.028 | OrdinaryDividend |
Feb 07, 2018 | $0.028 | OrdinaryDividend |
Jan 09, 2018 | $0.028 | OrdinaryDividend |
Dec 07, 2017 | $0.028 | OrdinaryDividend |
Nov 07, 2017 | $0.028 | OrdinaryDividend |
Oct 09, 2017 | $0.028 | OrdinaryDividend |
Sep 07, 2017 | $0.029 | OrdinaryDividend |
Aug 08, 2017 | $0.030 | OrdinaryDividend |
Jul 07, 2017 | $0.030 | OrdinaryDividend |
Jun 07, 2017 | $0.029 | OrdinaryDividend |
May 09, 2017 | $0.029 | OrdinaryDividend |
Apr 07, 2017 | $0.029 | OrdinaryDividend |
Mar 07, 2017 | $0.030 | OrdinaryDividend |
Feb 07, 2017 | $0.029 | OrdinaryDividend |
Jan 09, 2017 | $0.029 | OrdinaryDividend |
Dec 07, 2016 | $0.029 | OrdinaryDividend |
Nov 08, 2016 | $0.028 | OrdinaryDividend |
Oct 07, 2016 | $0.028 | OrdinaryDividend |
Sep 07, 2016 | $0.029 | OrdinaryDividend |
Aug 09, 2016 | $0.030 | OrdinaryDividend |
Jul 07, 2016 | $0.030 | OrdinaryDividend |
Jun 07, 2016 | $0.029 | OrdinaryDividend |
May 09, 2016 | $0.030 | OrdinaryDividend |
Apr 07, 2016 | $0.031 | OrdinaryDividend |
Mar 08, 2016 | $0.031 | OrdinaryDividend |
Feb 09, 2016 | $0.031 | OrdinaryDividend |
Jan 07, 2016 | $0.032 | OrdinaryDividend |
Dec 08, 2015 | $0.032 | OrdinaryDividend |
Nov 09, 2015 | $0.033 | OrdinaryDividend |
Oct 07, 2015 | $0.032 | OrdinaryDividend |
Sep 09, 2015 | $0.033 | OrdinaryDividend |
Aug 07, 2015 | $0.034 | OrdinaryDividend |
Jul 07, 2015 | $0.033 | OrdinaryDividend |
Jun 09, 2015 | $0.033 | OrdinaryDividend |
May 07, 2015 | $0.033 | OrdinaryDividend |
Apr 07, 2015 | $0.032 | OrdinaryDividend |
Mar 09, 2015 | $0.033 | OrdinaryDividend |
Feb 09, 2015 | $0.033 | OrdinaryDividend |
Jan 07, 2015 | $0.033 | OrdinaryDividend |
Dec 09, 2014 | $0.033 | OrdinaryDividend |
Nov 07, 2014 | $0.033 | OrdinaryDividend |
Oct 07, 2014 | $0.032 | OrdinaryDividend |
Sep 09, 2014 | $0.032 | OrdinaryDividend |
Aug 07, 2014 | $0.033 | OrdinaryDividend |
Jul 08, 2014 | $0.033 | OrdinaryDividend |
Jun 09, 2014 | $0.032 | OrdinaryDividend |
May 07, 2014 | $0.034 | OrdinaryDividend |
Apr 08, 2014 | $0.034 | OrdinaryDividend |
Mar 07, 2014 | $0.035 | OrdinaryDividend |
Feb 07, 2014 | $0.035 | OrdinaryDividend |
Jan 07, 2014 | $0.035 | OrdinaryDividend |
Dec 09, 2013 | $0.034 | OrdinaryDividend |
Nov 07, 2013 | $0.034 | OrdinaryDividend |
Oct 08, 2013 | $0.034 | OrdinaryDividend |
Sep 09, 2013 | $0.035 | OrdinaryDividend |
Aug 07, 2013 | $0.038 | OrdinaryDividend |
Jul 09, 2013 | $0.037 | OrdinaryDividend |
Jun 07, 2013 | $0.037 | OrdinaryDividend |
May 07, 2013 | $0.032 | OrdinaryDividend |
Apr 09, 2013 | $0.032 | OrdinaryDividend |
Mar 07, 2013 | $0.033 | OrdinaryDividend |
Feb 07, 2013 | $0.032 | OrdinaryDividend |
Jan 08, 2013 | $0.033 | OrdinaryDividend |
Dec 07, 2012 | $0.031 | OrdinaryDividend |
Nov 07, 2012 | $0.031 | OrdinaryDividend |
Oct 09, 2012 | $0.035 | OrdinaryDividend |
Sep 07, 2012 | $0.034 | OrdinaryDividend |
Aug 07, 2012 | $0.032 | OrdinaryDividend |
Jul 09, 2012 | $0.034 | OrdinaryDividend |
Jun 07, 2012 | $0.034 | OrdinaryDividend |
May 08, 2012 | $0.036 | OrdinaryDividend |
Apr 10, 2012 | $0.035 | OrdinaryDividend |
Mar 07, 2012 | $0.036 | OrdinaryDividend |
Feb 07, 2012 | $0.036 | OrdinaryDividend |
Jan 09, 2012 | $0.036 | OrdinaryDividend |
Dec 07, 2011 | $0.036 | OrdinaryDividend |
Nov 08, 2011 | $0.037 | OrdinaryDividend |
Oct 07, 2011 | $0.036 | OrdinaryDividend |
Sep 07, 2011 | $0.037 | OrdinaryDividend |
Aug 09, 2011 | $0.037 | OrdinaryDividend |
Jul 07, 2011 | $0.038 | OrdinaryDividend |
Jun 07, 2011 | $0.037 | OrdinaryDividend |
May 09, 2011 | $0.039 | OrdinaryDividend |
Apr 07, 2011 | $0.039 | OrdinaryDividend |
Mar 08, 2011 | $0.038 | OrdinaryDividend |
Feb 08, 2011 | $0.042 | OrdinaryDividend |
Jan 07, 2011 | $0.042 | OrdinaryDividend |
Dec 07, 2010 | $0.041 | OrdinaryDividend |
Nov 09, 2010 | $0.041 | OrdinaryDividend |
Oct 07, 2010 | $0.040 | OrdinaryDividend |
Sep 08, 2010 | $0.040 | OrdinaryDividend |
Aug 09, 2010 | $0.041 | OrdinaryDividend |
Jul 07, 2010 | $0.040 | OrdinaryDividend |
Jun 08, 2010 | $0.040 | OrdinaryDividend |
May 07, 2010 | $0.400 | OrdinaryDividend |
Apr 07, 2010 | $0.040 | OrdinaryDividend |
Mar 09, 2010 | $0.043 | OrdinaryDividend |
Feb 09, 2010 | $0.037 | OrdinaryDividend |
Jan 07, 2010 | $0.042 | OrdinaryDividend |
Dec 08, 2009 | $0.042 | OrdinaryDividend |
Nov 09, 2009 | $0.041 | OrdinaryDividend |
Oct 07, 2009 | $0.040 | OrdinaryDividend |
Sep 09, 2009 | $0.041 | OrdinaryDividend |
Aug 07, 2009 | $0.041 | OrdinaryDividend |
Jul 07, 2009 | $0.041 | OrdinaryDividend |
Jun 09, 2009 | $0.041 | OrdinaryDividend |
May 07, 2009 | $0.041 | OrdinaryDividend |
Apr 07, 2009 | $0.041 | OrdinaryDividend |
Mar 09, 2009 | $0.041 | OrdinaryDividend |
Feb 09, 2009 | $0.042 | OrdinaryDividend |
Jan 07, 2009 | $0.042 | OrdinaryDividend |
Dec 09, 2008 | $0.041 | OrdinaryDividend |
Nov 07, 2008 | $0.041 | OrdinaryDividend |
Oct 07, 2008 | $0.040 | OrdinaryDividend |
Sep 09, 2008 | $0.041 | OrdinaryDividend |
Aug 07, 2008 | $0.040 | OrdinaryDividend |
Jul 08, 2008 | $0.041 | OrdinaryDividend |
Jun 09, 2008 | $0.036 | OrdinaryDividend |
May 07, 2008 | $0.042 | OrdinaryDividend |
Apr 08, 2008 | $0.043 | OrdinaryDividend |
Mar 07, 2008 | $0.043 | OrdinaryDividend |
Feb 07, 2008 | $0.043 | OrdinaryDividend |
Jan 08, 2008 | $0.043 | OrdinaryDividend |
Dec 07, 2007 | $0.043 | OrdinaryDividend |
Nov 07, 2007 | $0.043 | OrdinaryDividend |
Oct 09, 2007 | $0.043 | OrdinaryDividend |
Sep 07, 2007 | $0.043 | OrdinaryDividend |
Aug 07, 2007 | $0.042 | OrdinaryDividend |
Jul 09, 2007 | $0.042 | OrdinaryDividend |
Jun 07, 2007 | $0.042 | OrdinaryDividend |
May 08, 2007 | $0.042 | OrdinaryDividend |
Apr 10, 2007 | $0.042 | OrdinaryDividend |
Mar 07, 2007 | $0.042 | OrdinaryDividend |
Feb 07, 2007 | $0.042 | OrdinaryDividend |
Jan 09, 2007 | $0.042 | OrdinaryDividend |
Dec 07, 2006 | $0.040 | OrdinaryDividend |
Nov 07, 2006 | $0.040 | OrdinaryDividend |
Oct 10, 2006 | $0.040 | OrdinaryDividend |
Sep 07, 2006 | $0.040 | OrdinaryDividend |
Aug 08, 2006 | $0.040 | OrdinaryDividend |
Jul 07, 2006 | $0.040 | OrdinaryDividend |
FMOAX - Fund Manager Analysis
Managers
Lee Cunningham
Start Date
Tenure
Tenure Rank
Apr 30, 2009
13.09
13.1%
Lee R. Cunningham II is Vice President of the Trust with respect to the Fund. Mr. Cunningham joined Federated in 1995 as an Investment Analyst and has been a Portfolio Manager since 1998. He was named an Assistant Vice President of Federated Investors in January 1998 and became a Vice President of Federated Investors in July 2000. From 1986 through 1994, Mr. Cunningham was a Project Engineer with Pennsylvania Power and Light Company. Mr. Cunningham received his M.B.A. with concentrations in Finance and Operations from the University of Pittsburgh.
Richard Gallo
Start Date
Tenure
Tenure Rank
Apr 23, 2010
12.11
12.1%
R.J. Gallo, Senior Portfolio Manager and Head of the Municipal Bond Investment Group, has been the Fund's Portfolio Manager since April of 2010. Mr. Gallo joined Federated in 2000 as an Investment Analyst. He became a Senior Vice President of the Fund's Adviser in 2011. From 2005 to 2010 Mr. Gallo served as Vice President and from January 2002 through 2004 and as an Assistant Vice President of the Fund's Adviser. He has been a Portfolio Manager since December 2002. From 1996 to 2000, Mr. Gallo was a Financial Analyst and Trader at the Federal Reserve Bank of New York. Mr. Gallo has received the Chartered Financial Analyst designation and a Master's in Public Affairs with a concentration in Economics and Public Policy from Princeton University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 21.43 | 7.46 | 2.52 |