Federated Hermes Muni and Stock Advantage continues to see changes in its team and process. The four more expensive share classes remain at a Morningstar Analyst Rating of Negative, and the cheapest share class now falls to Negative as well.
Will FMNBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMNBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FMNBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FMNBX’s parent organization’s priorities and whether they’re in line with investors’ interests.