Federated Hermes Municipal HY Adv A (FMOAX)
| Fund Assets | 431.14M |
| Expense Ratio | 0.89% |
| Min. Investment | $1,500 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.78% |
| Dividend Growth | 0.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 8, 2025 |
| Previous Close | 7.98 |
| YTD Return | -0.20% |
| 1-Year Return | -0.54% |
| 5-Year Return | 6.60% |
| 52-Week Low | 7.64 |
| 52-Week High | 8.33 |
| Beta (5Y) | n/a |
| Holdings | 356 |
| Inception Date | Aug 5, 1996 |
About FMOAX
Federated Hermes Municipal High Yield Advantage Fund Class A Shares is a mutual fund specializing in the municipal fixed income segment. Its primary objective is to provide investors with a high level of current income that is generally exempt from federal regular income tax. The fund achieves this by investing a significant portion of its assets in long-term, tax-exempt municipal securities, with an emphasis on medium-quality and non-investment-grade bonds. This strategy is designed to offer potential yields higher than those typically available from high-quality municipal bonds, although it entails increased credit and market risk. The fund typically maintains a diversified portfolio across numerous municipal issuers and sectors, often holding hundreds of securities with varying maturities to manage risk and optimize income generation. With monthly dividend distributions, the fund serves individuals and institutions seeking tax-advantaged income, particularly those willing to accept additional risk in exchange for enhanced yield potential. Its role in the market is significant for investors aiming to maximize after-tax returns, especially in higher tax brackets, while supporting the financing of a wide range of public projects such as infrastructure, education, and health care at the state and local levels.
Performance
FMOAX had a total return of -0.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.12%.
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 |
|---|---|---|
| Sep 8, 2025 | $0.0271 | Sep 9, 2025 |
| Aug 6, 2025 | $0.0273 | Aug 7, 2025 |
| Jul 7, 2025 | $0.0275 | Jul 8, 2025 |
| Jun 6, 2025 | $0.0267 | Jun 9, 2025 |
| May 6, 2025 | $0.0263 | May 7, 2025 |
| Apr 7, 2025 | $0.0262 | Apr 8, 2025 |