Morningstar

Federated Hermes Municipal High Yield Advantage Fund Class C Shares FMNCX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $7.73  /  +0.26 %
  • Fund Size $431.5M
  • Adjusted Expense Ratio 1.640%
  • Net Expense Ratio 1.640%
  • Fee Level: Distribution Above Average
  • Share Class Type Level Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,500
  • Investment Status Open
  • TTM Yield 3.62%
  • Average Effective Duration 8.70 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMNCX

Will FMNCX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMNCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMNCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMNCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Municipal HY Adv C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FMNCX

More FMNCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ILLINOIS ST 5%

1.78 8M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.28 6M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%

0.91 4M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 4%

0.84 4M
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

0.77 4M
municipal

PUERTO RICO COMWLTH 0%

0.75 3M
municipal

CHICAGO ILL 6%

0.74 3M
municipal

IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%

0.71 3M
municipal

HOUSTON TEX ARPT SYS REV 5.5%

0.69 3M
municipal

SOUTHERN CALIF PUB PWR AUTH REV 5%

0.69 3M
municipal

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