FMUCX: Federated Hermes Muni and Stock Adv C

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FMUCX Federated Hermes Muni and Stock Adv C


Profile

FMUCX - Profile

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $1.41 B
  • Holdings in Top 10 12.0%

52 WEEK LOW AND HIGH

$12.69
$10.60
$13.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.83%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Municipal and Stock Advantage Fund
  • Fund Family Name
    Federated
  • Inception Date
    Sep 26, 2003
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Gallo

Fund Description

The fund invests in a diversified portfolio that is allocated between tax-exempt securities and equity securities. In seeking to provide investors with a high level of tax advantaged income, it will invest at least 50% of its total assets in tax-exempt securities; under current federal tax law, this strategy will enable interest earned on tax-exempt securities to retain its tax-exempt nature when paid to the fund's shareholders as dividends.


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Categories

Performance

FMUCX - Performance

Return Ranking - Trailing

Period FMUCX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -50.3% 171.3% 64.09%
1 Yr -1.8% -57.9% 139.8% 50.31%
3 Yr -0.6%* -20.5% 29.7% 55.28%
5 Yr 0.8%* -40.3% 11.9% 34.94%
10 Yr 2.5%* -39.4% 13.9% 56.04%

* Annualized

Return Ranking - Calendar

Period FMUCX Return Category Return Low Category Return High Rank in Category (%)
2019 10.6% -39.5% 46.8% 60.13%
2018 -12.1% -31.8% 19.0% 73.20%
2017 8.6% -27.1% 46.3% 26.48%
2016 3.7% -84.5% 146.1% 50.00%
2015 -3.7% -40.7% 14.6% 19.00%

Total Return Ranking - Trailing

Period FMUCX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -50.3% 171.3% 64.09%
1 Yr -1.8% -57.9% 139.8% 50.31%
3 Yr 2.0%* -20.5% 29.7% 44.27%
5 Yr 3.1%* -40.3% 11.9% 40.43%
10 Yr 5.3%* -39.4% 14.5% 59.68%

* Annualized

Total Return Ranking - Calendar

Period FMUCX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -39.5% 46.8% 58.41%
2018 -6.0% -27.6% 19.0% 41.31%
2017 10.3% -27.1% 46.3% 46.22%
2016 5.4% -84.5% 146.1% 58.02%
2015 -1.7% -36.9% 14.6% 38.00%

NAV & Total Return History


Holdings

FMUCX - Holdings

Concentration Analysis

FMUCX Category Low Category High FMUCX % Rank
Net Assets 1.41 B 100 K 158 B 28.08%
Number of Holdings 389 2 13590 31.79%
Net Assets in Top 10 161 M -35.2 M 27.1 B 44.55%
Weighting of Top 10 12.04% 10.6% 100.0% 99.03%

Top 10 Holdings

  1. Microsoft Corp 2.26%
  2. Apple Inc 1.66%
  3. Amazon.com Inc 1.24%
  4. JPMorgan Chase & Co 1.14%
  5. Johnson & Johnson 1.02%
  6. Walmart Inc 0.99%
  7. Verizon Communications Inc 0.96%
  8. Comcast Corp Class A 0.95%
  9. AT&T Inc 0.95%
  10. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 0.88%

Asset Allocation

Weighting Return Low Return High FMUCX % Rank
Bonds
59.09% -5.02% 80.79% 19.75%
Stocks
40.62% -113.74% 77.51% 58.13%
Cash
0.30% -120.83% 149.68% 90.74%
Preferred Stocks
0.00% 0.00% 38.51% 84.05%
Other
0.00% -10.55% 167.50% 82.00%
Convertible Bonds
0.00% -0.67% 85.36% 89.20%

Stock Sector Breakdown

Weighting Return Low Return High FMUCX % Rank
Technology
18.82% 0.00% 100.00% 48.15%
Financial Services
14.99% 0.00% 60.94% 37.69%
Healthcare
14.25% 0.00% 54.35% 63.62%
Consumer Defense
11.47% 0.00% 20.40% 12.42%
Communication Services
10.21% 0.00% 26.69% 26.69%
Consumer Cyclical
9.75% 0.00% 76.72% 46.41%
Industrials
7.70% 0.00% 37.04% 70.92%
Utilities
7.44% 0.00% 100.00% 16.12%
Energy
3.71% 0.00% 100.00% 40.41%
Basic Materials
1.66% 0.00% 24.33% 79.52%
Real Estate
0.00% 0.00% 99.96% 96.73%

Stock Geographic Breakdown

Weighting Return Low Return High FMUCX % Rank
US
39.32% -112.30% 75.52% 47.43%
Non US
1.30% -2.13% 31.77% 77.06%

Bond Sector Breakdown

Weighting Return Low Return High FMUCX % Rank
Municipal
99.50% 0.00% 99.50% 0.51%
Cash & Equivalents
0.50% -3.87% 100.00% 97.53%
Derivative
0.00% 0.00% 74.57% 78.50%
Securitized
0.00% 0.00% 83.64% 90.12%
Corporate
0.00% 0.00% 100.00% 96.60%
Government
0.00% 0.00% 95.57% 95.37%

Bond Geographic Breakdown

Weighting Return Low Return High FMUCX % Rank
US
58.36% -6.37% 88.92% 15.23%
Non US
0.73% -14.78% 29.41% 78.60%

Expenses

FMUCX - Expenses

Operational Fees

FMUCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.83% 0.01% 7.41% 19.56%
Management Fee 0.65% 0.00% 2.50% 66.43%
12b-1 Fee 0.75% 0.00% 1.00% 75.67%
Administrative Fee 0.10% 0.01% 0.83% 39.07%

Sales Fees

FMUCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 73.61%

Trading Fees

FMUCX 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.

FMUCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 0.00% 574.00% 52.25%

Distributions

FMUCX - Distributions

Dividend Yield Analysis

FMUCX Category Low Category High FMUCX % Rank
Dividend Yield 0.00% 0.00% 10.35% 66.05%

Dividend Distribution Analysis

FMUCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FMUCX Category Low Category High FMUCX % Rank
Net Income Ratio 1.59% -5.24% 6.65% 60.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FMUCX - Fund Manager Analysis

Managers

Richard Gallo


Start Date

Tenure

Tenure Rank

Sep 26, 2003

16.69

16.7%

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.

Linda Bakhshian


Start Date

Tenure

Tenure Rank

Nov 30, 2009

10.51

10.5%

Ms. Bakhshian joined Federated in 2007 and has worked in investment management since 2002. Previously, she served as an equity research analyst with the Principal Financial Group from September 2002 to October 2007. Ms. Bakhshian has earned the Chartered Accountant designation and received her B.B. from the University of New England (Australia).

Ann Ferentino


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.42

6.4%

Ms. Ferentino joined Federated in November 1995 as a financial analyst and has worked in investment management since 2000. Ms. Ferentino has received the Chartered Financial Analyst designation. She received her B.S. from the University of Dayton and M.B.A. from the University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 39.44 6.86 0.41