Federated Hermes Municipal High Yield Advantage Fund Class C Shares (FMNCX)
| Fund Assets | 445.51M |
| Expense Ratio | 1.64% |
| Min. Investment | $1,500 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 3.29% |
| Dividend Growth | 4.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 6, 2026 |
| Previous Close | 8.07 |
| YTD Return | 1.20% |
| 1-Year Return | 3.41% |
| 5-Year Return | 0.77% |
| 52-Week Low | 7.42 |
| 52-Week High | 8.08 |
| Beta (5Y) | n/a |
| Holdings | 343 |
| Inception Date | Aug 5, 1996 |
About FMNCX
Federated Hermes Municipal High Yield Advantage Fund Class C Shares is an open-end mutual fund focused on delivering high current income that is exempt from regular federal income tax. This fund primarily invests in a diversified portfolio of municipal bonds, with an emphasis on lower-rated (high-yield) securities, often considered below investment grade or "junk" status. Such securities tend to offer higher potential yields, compensating for greater credit and market risk in comparison to investment-grade municipal bonds. With assets under management of approximately $462 million, the fund holds over 370 securities and employs professional management to actively select municipal issuers that may provide attractive risk-adjusted income opportunities. The fund distributes income monthly and is generally suited for investors seeking tax-advantaged yields. The Class C Shares offer a lower minimum investment and may be attractive to retail investors, although they carry a notable expense ratio. The fund’s strategy positions it as a vehicle for accessing the U.S. municipal bond sector’s higher-risk, higher-yield segment, supporting income generation while potentially helping investors manage taxable income.
Performance
FMNCX had a total return of 3.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.50%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 6, 2026 | $0.0232 | Feb 9, 2026 |
| Jan 6, 2026 | $0.0226 | Jan 7, 2026 |
| Dec 8, 2025 | $0.0223 | Dec 9, 2025 |
| Nov 6, 2025 | $0.0218 | Nov 7, 2025 |
| Oct 6, 2025 | $0.0218 | Oct 7, 2025 |
| Sep 8, 2025 | $0.0225 | Sep 9, 2025 |