FMOAX: Federated Hermes Municipal HY Adv A

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FMOAX Federated Hermes Municipal HY Adv A


Profile

FMOAX - Profile

Vitals

  • YTD Return -4.8%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $545 M
  • Holdings in Top 10 9.6%

52 WEEK LOW AND HIGH

$8.78
$7.98
$9.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -4.8%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Municipal High Yield Advtg Fd
  • Fund Family Name
    Federated
  • Inception Date
    Aug 05, 1996
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lee Cunningham

Fund Description

The fund pursues its objective by investing its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax (except when investing for "defensive" purposes). It invests at least a majority of its assets in a portfolio of: (1) long-term, tax-exempt securities; and (2) medium-quality or noninvestment-grade, tax-exempt securities. The fund is non-diversified.


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Categories

Performance

FMOAX - Performance

Return Ranking - Trailing

Period FMOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -11.6% 1.7% 79.19%
1 Yr -3.6% -11.5% 5.3% 73.71%
3 Yr -0.4%* -1.6% 2.9% 68.21%
5 Yr 0.0%* -2.2% 2.6% 68.49%
10 Yr 0.5%* -1.4% 2.1% 66.34%

* Annualized

Return Ranking - Calendar

Period FMOAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -0.7% 9.1% 34.03%
2018 -3.0% -4.8% 9.2% 73.45%
2017 3.3% -9.7% 8.6% 63.92%
2016 -3.0% -6.1% -0.8% 45.70%
2015 0.1% -5.6% 2.9% 51.49%

Total Return Ranking - Trailing

Period FMOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -11.6% 1.7% 79.19%
1 Yr -3.6% -11.5% 5.3% 73.71%
3 Yr 1.8%* -1.6% 2.9% 5.78%
5 Yr 2.8%* -2.2% 3.0% 1.37%
10 Yr 4.5%* -1.4% 4.5% 0.99%

* Annualized

Total Return Ranking - Calendar

Period FMOAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.6% -0.7% 9.1% 15.18%
2018 0.8% -4.8% 9.2% 9.60%
2017 7.5% -9.7% 8.8% 5.06%
2016 0.5% -6.1% 1.1% 3.97%
2015 5.0% -5.6% 5.3% 1.49%

NAV & Total Return History


Holdings

FMOAX - Holdings

Concentration Analysis

FMOAX Category Low Category High FMOAX % Rank
Net Assets 545 M 573 K 19.1 B 67.00%
Number of Holdings 385 5 3533 61.00%
Net Assets in Top 10 51 M -38.7 M 2.67 B 73.00%
Weighting of Top 10 9.60% 4.2% 96.4% 82.32%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High FMOAX % Rank
Bonds
100.00% 0.00% 148.07% 10.95%
Stocks
0.00% 0.00% 4.54% 90.05%
Preferred Stocks
0.00% -48.07% 0.00% 88.00%
Other
0.00% -0.04% 1.57% 89.50%
Convertible Bonds
0.00% 0.00% 0.00% 90.00%
Cash
0.00% -1.98% 100.00% 92.50%

Bond Sector Breakdown

Weighting Return Low Return High FMOAX % Rank
Municipal
100.00% 0.00% 100.00% 8.00%
Derivative
0.00% 0.00% 0.26% 91.50%
Cash & Equivalents
0.00% 0.00% 100.00% 99.50%
Securitized
0.00% 0.00% 0.00% 90.00%
Corporate
0.00% 0.00% 5.11% 95.50%
Government
0.00% -2.36% 0.96% 91.00%

Bond Geographic Breakdown

Weighting Return Low Return High FMOAX % Rank
US
97.23% 0.00% 141.91% 23.00%
Non US
2.77% 0.00% 16.32% 72.00%

Expenses

FMOAX - Expenses

Operational Fees

FMOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.18% 7.04% 39.20%
Management Fee 0.60% 0.00% 1.25% 89.55%
12b-1 Fee 0.00% 0.00% 1.00% 16.38%
Administrative Fee 0.10% 0.01% 0.35% 70.00%

Sales Fees

FMOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 4.75% 26.09%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FMOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 5.10% 314.00% 15.50%

Distributions

FMOAX - Distributions

Dividend Yield Analysis

FMOAX Category Low Category High FMOAX % Rank
Dividend Yield 0.00% 0.00% 0.62% 90.05%

Dividend Distribution Analysis

FMOAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FMOAX Category Low Category High FMOAX % Rank
Net Income Ratio 3.77% -0.98% 5.67% 47.24%

Capital Gain Distribution Analysis

FMOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FMOAX - Fund Manager Analysis

Managers

Lee Cunningham


Start Date

Tenure

Tenure Rank

Apr 30, 2009

11.18

11.2%

Lee R. Cunningham II is Vice President of the Trust with respect to the Fund. Mr. Cunningham joined Federated in 1995 as an Investment Analyst and has been a Portfolio Manager since 1998. He was named an Assistant Vice President of Federated Investors in January 1998 and became a Vice President of Federated Investors in July 2000. From 1986 through 1994, Mr. Cunningham was a Project Engineer with Pennsylvania Power and Light Company. Mr. Cunningham received his M.B.A. with concentrations in Finance and Operations from the University of Pittsburgh.

Richard Gallo


Start Date

Tenure

Tenure Rank

Apr 23, 2010

10.19

10.2%

R.J. Gallo, Senior Portfolio Manager and Head of the Municipal Bond Investment Group, has been the Fund's Portfolio Manager since April of 2010. Mr. Gallo joined Federated in 2000 as an Investment Analyst. He became a Senior Vice President of the Fund's Adviser in 2011. From 2005 to 2010 Mr. Gallo served as Vice President and from January 2002 through 2004 and as an Assistant Vice President of the Fund's Adviser. He has been a Portfolio Manager since December 2002. From 1996 to 2000, Mr. Gallo was a Financial Analyst and Trader at the Federal Reserve Bank of New York. Mr. Gallo has received the Chartered Financial Analyst designation and a Master's in Public Affairs with a concentration in Economics and Public Policy from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 28.52 7.07 0.61