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Morningstar

Federated Hermes Muni and Stock Adv F FMUFX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Federated Investment Hub

Morningstar’s Analysis FMUFX

Will FMUFX outperform in 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 FMUFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FMUFX 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 FMUFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Struggling to rebuild.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Federated Hermes Muni and Stock Advantage has struggled to rebuild a team and process that can inspire confidence following a period of turnover and reorganization. All five share classes retain a Morningstar Analyst Rating of Negative.

by Vedran Beogradlija
Rated on Published on

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