Morningstar

Federated Hermes Municipal High Yield Advantage Fund Class Institutional FMYIX

Medalist Rating as of Aug 31, 2026 See Federated Hermes Investment Hub

Strategy

The investment seeks to provide a high level of current income which is generally exempt from the federal regular income tax. The fund pursues its objective by investing its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax (except when investing for "defensive" purposes). It invests at least a majority of its assets in a portfolio of: (1) long-term, tax-exempt securities; and (2) medium-quality or noninvestment-grade, tax-exempt securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMYIX	Federated Hermes Municipal High Yield Advantage Fund Class Institutional	Institutional	Open			Jun 11, 2013	$257.01M	0.640%	Above Average	$1M	$36.89M
FMOAX	Federated Hermes Municipal High Yield Advantage Fund Class A Shares	Front Load	Open			Aug 5, 1996	$167.67M	0.890%	Above Average	$1,500	−$13.00M
FMNCX	Federated Hermes Municipal High Yield Advantage Fund Class C Shares	Level Load	Open			Aug 5, 1996	$6.85M	1.640%	Above Average	$1,500	−$1.44M

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