Federated Hermes Municipal High Yield Advantage Fund Class Institutional NMFQS:FMYIX

High Yield Muni | Federated

$8.03

↑ $0.08 (1.01%)

Last Updated: Feb 17, 2026

Fund Information

Fund Category High Yield Muni

Fund Family Federated

Fund Style Large

ISIN US3139238154

CUSIP 313923815

Inception Date 1987-04-10

Domicile United States

Country USA

Fiscal Year End August

NAV Chart

Fund Metrics

Net Assets $441.18 Million

Share Class Net Assets $243.88 Million

Expense Ratio 0.79%

Expense Ratio Date 2025-10-31

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.37%

1-Year Return 3.52%

3-Year Return 4.01%

5-Year Return 1.20%

NAV $8.03

Previous Close Price $7.95

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Federated Hermes Municipal High Yield Advantage Fund Class Institutional

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	99.77%	99.77%	0.00%	96.82%	0.00%
Cash	0.23%	0.23%	0.00%	3.42%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.00%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.08%	0.00%
US Stock	0.00%	0.00%	0.00%	0.00%	0.00%

Top Holdings

Name	Weight	Owned	Change
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue	0.92%	-	-
State of Illinois	1.95%	-	-
Buckeye Tobacco Settlement Financing Authority	1.05%	-	-
City of San Antonio TX Electric Gas Systems Revenue	1.15%	-	-
JPMorgan Chase Putters/Drivers Trust	1.05%	-	-
Colorado Health Facilities Authority	1.00%	-	-
Northampton County General Purpose Authority	0.93%	-	-
TOBACCO SETTLEMENT FINANCING CORP/VA	0.88%	-	-
Tobacco Settlement Financing Corp/NJ	0.84%	-	-
City of Chicago IL	0.77%	-	-
Commonwealth of Puerto Rico	1.01%	-	-
New York City Municipal Water Finance Authority	0.96%	-	-
Puerto Rico Commonwealth Aqueduct Sewer Authority	0.80%	-	-
CHICAGO BOARD OF EDUCATION	0.78%	-	-
Iowa Finance Authority	0.77%	-	-

See the full breakdown of FMYIX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	3.41%	0.23%	0.00%
Bond Sector	Corporate	0.00%	0.25%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	0.02%	0.00%	0.00%
Bond Sector	Municipal	0.00%	96.19%	99.77%	0.00%
Bond Sector	Securitized	0.00%	0.13%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	-	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	-	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2025-01-06	$0.028	$0.028	USD	-	-	-	-
2024-12-06	$0.028	$0.028	USD	-	2024-12-05	2024-12-09	Monthly
2024-11-06	$0.027	$0.027	USD	-	2024-11-05	2024-11-07	Monthly
2024-10-07	$0.028	$0.028	USD	-	2024-10-04	2024-10-08	Monthly
2024-09-06	$0.028	$0.028	USD	-	2024-09-05	2024-09-09	Monthly
2024-08-06	$0.029	$0.029	USD	-	2024-08-05	2024-08-07	Monthly
2024-07-08	$0.029	$0.029	USD	-	2024-07-05	2024-07-09	Monthly
2024-06-06	$0.028	$0.028	USD	-	2024-06-05	2024-06-07	Monthly
2024-05-06	$0.029	$0.029	USD	-	2024-05-03	2024-05-07	Monthly
2024-04-08	$0.028	$0.028	USD	-	2024-04-05	2024-04-09	Monthly
2024-03-06	$0.028	$0.028	USD	-	2024-03-05	2024-03-07	Monthly
2024-02-06	$0.028	$0.028	USD	-	2024-02-05	2024-02-07	Monthly
2024-01-08	$0.028	$0.028	USD	-	2024-01-05	2024-01-09	Monthly
2023-12-06	$0.027	$0.027	USD	-	2023-12-05	2023-12-07	Monthly
2023-11-06	$0.028	$0.028	USD	-	2023-11-03	2023-11-07	Monthly
2023-10-06	$0.027	$0.027	USD	-	2023-10-05	2023-10-09	Monthly
2023-09-06	$0.028	$0.028	USD	-	2023-09-05	2023-09-07	Monthly
2023-08-07	$0.027	$0.027	USD	-	2023-08-04	2023-08-08	Monthly
2023-07-06	$0.027	$0.027	USD	-	2023-07-05	2023-07-07	Monthly
2023-06-06	$0.027	$0.027	USD	-	2023-06-05	2023-06-07	Monthly
2023-05-08	$0.028	$0.028	USD	-	2023-05-05	2023-05-09	Monthly
2023-04-06	$0.026	$0.026	USD	-	2023-04-05	2023-04-10	Monthly
2023-03-06	$0.027	$0.027	USD	-	2023-03-03	2023-03-07	Monthly
2023-02-06	$0.027	$0.027	USD	-	2023-02-03	2023-02-07	Monthly
2023-01-06	$0.027	$0.027	USD	2023-01-06	2023-01-05	2023-01-09	Monthly
2022-12-06	$0.027	$0.027	USD	2022-12-06	2022-12-05	2022-12-07	Monthly
2022-11-07	$0.026	$0.026	USD	2022-11-07	2022-11-04	2022-11-08	Monthly
2022-10-06	$0.026	$0.026	USD	-	2022-10-05	2022-10-07	Monthly
2022-09-06	$0.025	$0.025	USD	-	2022-09-02	2022-09-07	Monthly
2022-08-08	$0.025	$0.025	USD	-	2022-08-05	2022-08-09	Monthly
2022-07-06	$0.026	$0.026	USD	-	2022-07-05	2022-07-07	Monthly
2022-06-06	$0.026	$0.026	USD	-	2022-06-03	2022-06-07	Monthly
2022-05-06	$0.026	$0.026	USD	-	2022-05-05	2022-05-09	Monthly
2022-04-06	$0.025	$0.025	USD	-	2022-04-05	2022-04-07	Monthly
2022-03-07	$0.025	$0.025	USD	-	2022-03-04	2022-03-08	Monthly
2022-02-07	$0.025	$0.025	USD	-	2022-02-04	2022-02-08	Monthly
2022-01-06	$0.025	$0.025	USD	-	2022-01-05	2022-01-07	Monthly
2021-12-06	$0.025	$0.025	USD	-	2021-12-03	2021-12-07	Monthly
2021-11-08	$0.025	$0.025	USD	2021-11-08	2021-11-05	2021-11-09	Monthly
2021-10-06	$0.026	$0.026	USD	2021-10-06	2021-10-05	2021-10-07	Monthly
2021-09-07	$0.026	$0.026	USD	2021-09-07	2021-09-03	2021-09-08	Monthly
2021-08-06	$0.026	$0.026	USD	-	2021-08-05	2021-08-09	Monthly
2021-07-06	$0.028	$0.028	USD	2021-07-06	2021-07-02	2021-07-07	Monthly
2021-06-07	$0.026	$0.026	USD	2021-06-07	2021-06-04	2021-06-08	Monthly
2021-05-06	$0.027	$0.027	USD	2021-05-06	2021-05-05	2021-05-07	Monthly
2021-04-06	$0.027	$0.027	USD	2021-04-06	2021-04-05	2021-04-07	Monthly
2021-03-08	$0.027	$0.027	USD	2021-03-08	2021-03-05	2021-03-09	Monthly
2021-02-08	$0.027	$0.027	USD	2021-02-08	2021-01-05	2021-02-09	Monthly
2021-01-06	$0.028	$0.028	USD	2021-02-08	2021-01-05	2021-01-07	Monthly
2020-12-07	$0.028	$0.028	USD	2020-12-07	2020-12-04	2020-12-08	Monthly
2020-11-06	$0.028	$0.028	USD	2020-11-06	2020-11-05	2020-11-09	Monthly
2020-10-06	$0.028	$0.028	USD	2020-10-06	2020-10-05	2020-10-07	Monthly
2020-09-08	$0.028	$0.028	USD	2020-09-08	2020-09-04	2020-09-09	Monthly
2020-08-06	$0.028	$0.028	USD	2020-08-06	2020-08-05	2020-08-07	Monthly
2020-07-06	$0.029	$0.029	USD	2020-07-06	2020-07-02	2020-07-07	Monthly
2020-06-08	$0.029	$0.029	USD	2020-06-08	2020-06-05	2020-06-09	Monthly
2020-05-06	$0.030	$0.030	USD	2020-05-06	2020-05-05	2020-05-07	Monthly
2020-04-06	$0.030	$0.030	USD	2020-04-06	2020-04-03	2020-04-07	Monthly
2020-03-06	$0.029	$0.029	USD	2020-03-06	2020-03-05	2020-03-09	Monthly
2020-02-06	$0.029	$0.029	USD	2020-02-06	2020-02-05	2020-02-07	Monthly
2020-01-06	$0.029	$0.029	USD	2020-01-06	2020-01-03	2020-01-07	Monthly
2019-12-06	$0.029	$0.029	USD	2019-12-06	2019-12-05	2019-12-09	Monthly
2019-11-06	$0.029	$0.029	USD	2019-01-30	2019-11-05	2019-11-07	Monthly
2019-10-07	$0.029	$0.029	USD	2019-01-30	2019-10-04	2019-10-08	Monthly
2019-09-06	$0.029	$0.029	USD	2019-01-30	2019-09-05	2019-09-09	Monthly
2019-08-06	$0.030	$0.030	USD	2019-01-30	2019-08-05	2019-08-07	Monthly
2019-07-08	$0.029	$0.029	USD	2019-01-30	2019-07-05	2019-07-09	Monthly
2019-06-06	$0.030	$0.030	USD	2019-06-06	2019-06-05	2019-06-07	Monthly
2019-05-06	$0.030	$0.030	USD	2019-05-06	2019-05-03	2019-05-07	Monthly
2019-04-08	$0.030	$0.030	USD	2019-04-08	2019-04-05	2019-04-09	Monthly
2019-03-06	$0.030	$0.030	USD	2019-03-06	2019-03-05	2019-03-07	Monthly
2019-02-06	$0.030	$0.030	USD	2019-02-06	2019-02-05	2019-02-07	Monthly
2019-01-07	$0.030	$0.030	USD	2019-01-07	2019-01-04	2019-01-08	Monthly
2018-12-06	$0.030	$0.030	USD	2018-12-06	2018-12-04	2018-12-07	Monthly
2018-11-06	$0.030	$0.030	USD	2018-11-06	2018-11-05	2018-11-07	Monthly
2018-10-08	$0.030	$0.030	USD	2018-10-08	2018-10-05	2018-10-09	Monthly
2018-09-06	$0.029	$0.029	USD	2018-09-06	2018-09-05	2018-09-07	Monthly
2018-08-06	$0.030	$0.030	USD	2018-08-06	2018-08-03	2018-08-07	Monthly
2018-07-06	$0.030	$0.030	USD	2018-07-06	2018-07-05	2018-07-09	Monthly
2018-06-06	$0.030	$0.030	USD	2018-06-06	2018-06-05	2018-06-07	Monthly
2018-05-07	$0.030	$0.030	USD	2018-05-07	2018-05-04	2018-05-08	Monthly
2018-04-06	$0.030	$0.030	USD	2018-04-06	2018-04-05	2018-04-09	Monthly
2018-03-06	$0.030	$0.030	USD	2018-03-06	2018-03-05	2018-03-07	Monthly
2018-02-06	$0.030	$0.030	USD	2018-02-06	2018-02-05	2018-02-07	Monthly
2018-01-08	$0.030	$0.030	USD	2018-01-08	2018-01-05	2018-01-09	Monthly
2017-12-06	$0.030	$0.030	USD	2017-12-06	2017-12-05	2017-12-07	Monthly
2017-11-06	$0.030	$0.030	USD	2017-11-06	2017-11-03	2017-11-07	Monthly
2017-10-06	$0.030	$0.030	USD	2017-10-06	2017-10-05	2017-10-09	Monthly
2017-09-06	$0.031	$0.031	USD	2017-09-06	2017-09-05	2017-09-07	Monthly
2017-08-07	$0.032	$0.032	USD	2017-08-07	2017-08-04	2017-08-08	Monthly
2017-07-06	$0.033	$0.033	USD	2017-07-06	2017-07-05	2017-07-07	Monthly
2017-06-06	$0.031	$0.031	USD	-	2017-06-05	2017-06-07	Monthly
2017-05-08	$0.031	$0.031	USD	-	2017-05-05	2017-05-09	Monthly
2017-04-06	$0.031	$0.031	USD	2017-04-06	2017-04-05	2017-04-07	Monthly
2017-03-06	$0.031	$0.031	USD	2017-03-06	2017-03-03	2017-03-07	Monthly
2017-02-06	$0.031	$0.031	USD	2017-02-06	2017-02-03	2017-02-07	Monthly
2017-01-06	$0.031	$0.031	USD	2017-01-06	2017-01-05	2017-01-09	Monthly
2016-12-06	$0.031	$0.031	USD	2016-12-06	2016-12-05	2016-12-07	Monthly
2016-11-07	$0.030	$0.030	USD	2016-11-07	2016-11-04	2016-11-08	Monthly
2016-10-06	$0.030	$0.030	USD	2016-10-06	2016-10-05	2016-10-07	Monthly
2016-09-06	$0.031	$0.031	USD	2016-09-06	2016-09-02	2016-09-07	Monthly
2016-08-08	$0.032	$0.032	USD	2016-08-08	2016-08-05	2016-08-09	Monthly
2016-07-06	$0.032	$0.032	USD	2016-07-06	2016-07-05	2016-07-07	Monthly
2016-06-06	$0.031	$0.031	USD	2016-06-06	2016-06-03	2016-06-07	Monthly
2016-05-06	$0.032	$0.032	USD	2016-05-06	2016-05-05	2016-05-09	Monthly
2016-04-06	$0.033	$0.033	USD	2016-04-06	2016-04-05	2016-04-07	Monthly
2016-03-07	$0.033	$0.033	USD	2016-03-07	2016-03-04	2016-03-08	Monthly
2016-02-08	$0.033	$0.033	USD	2016-02-08	2016-02-05	2016-02-09	Monthly
2016-01-06	$0.034	$0.034	USD	-	-	-	-
2015-12-07	$0.034	$0.034	USD	2015-12-07	2015-12-04	2015-12-08	Monthly
2015-11-06	$0.035	$0.035	USD	2015-11-06	2015-11-05	2015-11-09	Monthly
2015-10-06	$0.034	$0.034	USD	2015-10-06	2015-10-05	2015-10-07	Monthly
2015-09-08	$0.035	$0.035	USD	2015-09-08	2015-09-04	2015-09-09	Monthly
2015-08-06	$0.035	$0.035	USD	2015-08-06	2015-08-05	2015-08-07	Monthly
2015-07-06	$0.035	$0.035	USD	2015-07-06	2015-07-02	2015-07-07	Monthly
2015-06-08	$0.034	$0.034	USD	2015-06-08	2015-06-05	2015-06-09	Monthly
2015-05-06	$0.035	$0.035	USD	2015-05-06	2015-05-05	2015-05-07	Monthly
2015-04-06	$0.034	$0.034	USD	2015-04-06	2015-04-02	2015-04-07	Monthly
2015-03-06	$0.035	$0.035	USD	2015-03-06	2015-03-05	2015-03-09	Monthly
2015-02-06	$0.035	$0.035	USD	2015-02-06	2015-02-05	2015-02-09	Monthly
2015-01-06	$0.035	$0.035	USD	2016-01-06	2016-01-05	2016-01-07	Other
2014-12-08	$0.035	$0.035	USD	2014-12-08	2014-12-05	2014-12-09	Monthly
2014-11-06	$0.035	$0.035	USD	2014-11-06	2014-11-05	2014-11-07	Monthly
2014-10-06	$0.034	$0.034	USD	2014-10-06	2014-10-03	2014-10-07	Monthly
2014-09-08	$0.034	$0.034	USD	2014-09-08	2014-09-05	2014-09-09	Monthly
2014-08-06	$0.035	$0.035	USD	2014-08-06	2014-08-05	2014-08-07	Monthly
2014-07-07	$0.034	$0.034	USD	2014-07-07	2014-07-03	2014-07-08	Monthly
2014-06-06	$0.034	$0.034	USD	2014-06-06	2014-06-05	2014-06-09	Monthly
2014-05-06	$0.035	$0.035	USD	2014-05-06	2014-05-05	2014-05-07	Monthly
2014-04-07	$0.036	$0.036	USD	2014-04-07	2014-04-04	2014-04-08	Monthly
2014-03-06	$0.037	$0.037	USD	2014-03-06	2014-03-05	2014-03-07	Monthly
2014-02-06	$0.037	$0.037	USD	2014-02-06	2014-02-05	2014-02-07	Monthly
2014-01-06	$0.036	$0.036	USD	2014-01-06	2014-01-03	2014-01-07	Monthly
2013-12-06	$0.036	$0.036	USD	2013-12-06	2013-12-05	2013-12-09	Monthly
2013-11-06	$0.036	$0.036	USD	2013-11-06	2013-11-05	2013-11-07	Monthly
2013-10-07	$0.036	$0.036	USD	2013-10-07	2013-10-04	2013-10-08	Monthly
2013-09-06	$0.036	$0.036	USD	2013-09-06	2013-09-05	2013-09-09	Monthly
2013-08-06	$0.040	$0.040	USD	2013-08-06	2013-08-05	2013-08-07	Monthly
2013-07-08	$0.037	$0.037	USD	2013-07-08	2013-07-05	2013-07-09	Other

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