Federated Hermes Municipal High Yield Advantage Fund Class A Shares (FMOAX)

Fund Assets	440.84M
Expense Ratio	1.067%
Min. Investment	$1,500
Turnover	31.00%
Dividend (ttm)	0.33
Dividend Yield	4.32%
Dividend Growth	4.61%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 6, 2026

Previous Close	7.60
YTD Return	-1.80%
1-Year Return	-0.76%
5-Year Return	-0.17%
52-Week Low	7.51
52-Week High	8.18
Beta (5Y)	0.13
Holdings	357
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.

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

Performance

FMOAX had a total return of -0.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.

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%
FMNCX	Class C Shares	1.79%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 6, 2026	$0.027	Oct 7, 2026
Sep 8, 2026	$0.0271	Sep 9, 2026
Aug 6, 2026	$0.0282	Aug 7, 2026
Jul 6, 2026	$0.0268	Jul 7, 2026
Jun 8, 2026	$0.0279	Jun 9, 2026
May 6, 2026	$0.0282	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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