Federated Hermes Municipal High Yield Advantage Fund Class C Shares (FMNCX)

Fund Assets	440.84M
Expense Ratio	1.79%
Min. Investment	$1,500
Turnover	31.00%
Dividend (ttm)	0.28
Dividend Yield	3.61%
Dividend Growth	6.19%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 6, 2026

Previous Close	7.58
YTD Return	-3.38%
1-Year Return	-2.48%
5-Year Return	-4.71%
52-Week Low	7.49
52-Week High	8.16
Beta (5Y)	0.13
Holdings	357
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.

• Fund Family: Federated
• Category: High Yield Muni
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FMNCX
• Share Class: Class C Shares
• Index: S&P Municipal Bond TR USD

Performance

FMNCX had a total return of -2.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.93%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FMYIX	Institutional Shares	0.79%
FHTFX	Class F Shares	1.04%
FMOAX	Class A Shares	1.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 6, 2026	$0.0238	Oct 7, 2026
Sep 8, 2026	$0.0244	Sep 9, 2026
Aug 6, 2026	$0.0234	Aug 7, 2026
Jul 6, 2026	$0.0218	Jul 7, 2026
Jun 8, 2026	$0.0232	Jun 9, 2026
May 6, 2026	$0.0234	May 7, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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