FHTFX

About FHTFX

Federated Hermes Municipal High Yield Advantage Fund Class F Shares is a mutual fund that primarily focuses on generating a high level of income exempt from federal regular income tax. The fund invests a majority of its assets in a diversified portfolio that includes long-term, tax-exempt securities and medium-quality or non-investment-grade municipal bonds. This approach is designed to provide yields that are typically higher than those available from high-quality municipal bonds. The fund is managed by a team of experienced professionals and targets the high yield municipal bond sector, offering monthly dividend distributions. With a portfolio spanning hundreds of securities and a significant focus on duration and credit spread management, it plays a notable role in the municipal bond market by providing access to higher-yielding, and thus riskier, tax-exempt income opportunities. The fund's income may be subject to the federal alternative minimum tax (AMT), and as with all high-yield bond funds, it involves greater market, credit, and liquidity risk compared to funds invested in investment-grade municipal securities.