Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Federated Hermes Municipal HY Adv A FMOAX
- NAV / 1-Day Return 7.98 / 0.00
- Total Assets 475.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.890%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 3.80%
- Effective Duration 9.00 years
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0
Morningstar’s Analysis FMOAX
Will FMOAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | 3.17 | 15.4 Mil | municipal |
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | 2.07 | 10.0 Mil | municipal |
SEATTLE WASH MUN LT & PWR REV 4% | 2.01 | 9.8 Mil | municipal |
ILLINOIS ST 5% | 1.75 | 8.5 Mil | municipal |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784% | 1.23 | 6.0 Mil | municipal |
COLORADO HEALTH FACS AUTH REV 4% | 0.98 | 4.8 Mil | municipal |
TOBACCO SETTLEMENT FING CORP N J 5% | 0.90 | 4.4 Mil | municipal |
NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV 5.25% | 0.89 | 4.3 Mil | municipal |
TOBACCO SETTLEMENT FING CORP VA 5% | 0.83 | 4.0 Mil | municipal |
J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 5% | 0.82 | 4.0 Mil | municipal |