Federated Hermes Municipal HY Adv IS (FMYIX)
| Fund Assets | 431.14M |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 4.25% |
| Dividend Growth | 0.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 8, 2025 |
| Previous Close | 7.96 |
| YTD Return | -0.06% |
| 1-Year Return | -0.43% |
| 5-Year Return | 7.99% |
| 52-Week Low | 7.62 |
| 52-Week High | 8.32 |
| Beta (5Y) | n/a |
| Holdings | 356 |
| Inception Date | Jun 11, 2013 |
About FMYIX
Federated Hermes Municipal High Yield Advantage Fund Institutional Shares is a mutual fund designed to provide investors with a high level of income exempt from federal regular income tax. Its primary function is to invest predominantly in long-term, tax-exempt securities, focusing particularly on medium-quality and non-investment-grade municipal bonds, which allows it to seek higher yields than traditional high-quality municipal bond funds. The fund maintains a diversified portfolio, typically consisting of hundreds of holdings with a weighted average effective maturity nearing 15 years and an effective duration close to 10 years, reflecting a sensitivity to changes in interest rates. Managed by an experienced team, the fund targets individuals and institutions seeking income and diversification benefits, while mindful of the potential for elevated risk due to exposure to lower-rated issuers. Income distributions are made monthly, and portions of the interest income may be subject to the federal alternative minimum tax and local taxes. With an inception date in 2013, it plays a distinctive role in the market by catering to investors seeking enhanced municipal bond yields in a professionally managed format.
Performance
FMYIX had a total return of -0.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.32%.
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 | $0.029 | Sep 9, 2025 |
| Aug 6, 2025 | $0.0291 | Aug 7, 2025 |
| Jul 7, 2025 | $0.0293 | Jul 8, 2025 |
| Jun 6, 2025 | $0.0285 | Jun 9, 2025 |
| May 6, 2025 | $0.0281 | May 7, 2025 |
| Apr 7, 2025 | $0.028 | Apr 8, 2025 |