FMNCX

About FMNCX

Federated Hermes Municipal High Yield Advantage Fund Class C Shares is an open-end mutual fund focused on delivering high current income that is exempt from regular federal income tax. This fund primarily invests in a diversified portfolio of municipal bonds, with an emphasis on lower-rated (high-yield) securities, often considered below investment grade or "junk" status. Such securities tend to offer higher potential yields, compensating for greater credit and market risk in comparison to investment-grade municipal bonds. With assets under management of approximately $462 million, the fund holds over 370 securities and employs professional management to actively select municipal issuers that may provide attractive risk-adjusted income opportunities. The fund distributes income monthly and is generally suited for investors seeking tax-advantaged yields. The Class C Shares offer a lower minimum investment and may be attractive to retail investors, although they carry a notable expense ratio. The fund’s strategy positions it as a vehicle for accessing the U.S. municipal bond sector’s higher-risk, higher-yield segment, supporting income generation while potentially helping investors manage taxable income.