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Morningstar

Federated Hermes Municipal HY Adv IS FMYIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 7.93  /  −0.38 %
  • Total Assets 478.1 Mil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.07%
  • Effective Duration 9.00 years

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 PM GMT+0

Morningstar’s Analysis FMYIX

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

  • People Pillar

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

Federated Hermes Municipal HY Adv IS's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMYIX

More FMYIX Holdings
  • 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