Federated Hermes Municipal HY Adv C (FMNCX)
| Fund Assets | 441.80M |
| Expense Ratio | 1.64% |
| Min. Investment | $1,500 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 3.24% |
| Dividend Growth | 1.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 6, 2025 |
| Previous Close | 8.03 |
| YTD Return | 0.25% |
| 1-Year Return | -0.46% |
| 5-Year Return | 3.85% |
| 52-Week Low | 7.63 |
| 52-Week High | 8.27 |
| Beta (5Y) | n/a |
| Holdings | 356 |
| 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 -0.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.10%.
Top 10 Holdings
9.66% of assets| Name | Symbol | Weight |
|---|---|---|
| ILLINOIS ST 5% | IL.ILS 5 11.01.2028 | 1.89% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.09% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2054 | 0.94% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 0.93% |
| NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV 5.25% | PA.NORMED 5.25 08.15.2053 | 0.90% |
| TOBACCO SETTLEMENT FING CORP N J 5% | NJ.TOBGEN 5 06.01.2046 | 0.83% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 4% | PR.PRCUTL 4 07.01.2042 | 0.79% |
| CHICAGO ILL BRD ED 7% | IL.CHIEDU 7 12.01.2046 | 0.77% |
| CHICAGO ILL 6% | IL.CHI 6 01.01.2050 | 0.76% |
| IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5% | IA.IASGEN 5 12.01.2050 | 0.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 6, 2025 | $0.0218 | Oct 7, 2025 |
| Sep 8, 2025 | $0.0225 | Sep 9, 2025 |
| Aug 6, 2025 | $0.0228 | Aug 7, 2025 |
| Jul 7, 2025 | $0.0228 | Jul 8, 2025 |
| Jun 6, 2025 | $0.022 | Jun 9, 2025 |
| May 6, 2025 | $0.0217 | May 7, 2025 |