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Morningstar

Federated Hermes Muni and Stock Adv F FMUFX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 13.37  /  0.38 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level —
  • Share Class Type —
  • Category Allocation—30% to 50% Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Status Open
  • TTM Yield 2.25%
  • Turnover 67%

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:14 PM GMT+00:00

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

Summary

| by Vedran Beogradlija

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.

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