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Federated Hermes Municipal High Yield Advantage Fund Class Institutional (FMYIX)

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8.13 +0.01    +0.12%
14/06 - Closed. Currency in USD ( Disclaimer )
  • Morningstar Rating:
  • Total Assets: 228.52M
Type:  Fund
Market:  United States
Issuer:  Federated
Asset Class:  Bond
Federated Municipal High Yield Adv Instl 8.13 +0.01 +0.12%

FMYIX Overview

 
On this page you'll find an in-depth profile of Federated Hermes Municipal High Yield Advantage Fund Class Institutional. Learn about the key management, total assets, investment strategy and contact information of FMYIX among other information.
Category

High Yield Muni

Total Assets

228.52M

Expenses

0.64%

Inception Date

41436

Investment Strategy

The investment seeks to provide a high level of current income which is generally exempt from the federal regular income tax. 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.

Contact Information

Address 4000 Ericsson Drive
Warrendale,PA 15086-7561
United States
Phone +1 8003417400

Top Executives

Name Title Since Until
Richard J. Gallo Senior Vice President 2010 Now
Biography 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.
Lee R. Cunningham Vice President 2009 Now
Biography 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.
Mary Jo Ochson Senior Vice President 1996 2010
Biography Ms. Ochson joined Federated Investment Management Company in 1982 as a portfolio manager and Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group. She was appointed Senior Vice President in 2004. Ms. Ochson has received the Chartered Financial Analyst designation and a M.B.A. from University of Pittsburgh. Ms. Ochson is a Senior Portfolio Manager and Head of the Tax-Free Money Market Investment Group.
J. Scott Albrecht Senior Vice President 1996 2005
Biography Albrecht is a senior vice president with Federated Investors, his employer since 1989. He became a senior vice president of the fund’s adviser in January 2005 and served as a vice president of Federated Investors from 1994 through 2004. He has been a senior portfolio manager since 1997 and was a Portfolio Manager from 1994 to 1996. Albrecht holds the Chartered Financial Analyst designation and an M.S. in Public Management from Carnegie Mellon University.
Jonathan C. Conley Portfolio Manager 1987 1996
Biography Conley joined Federated Investors as an analyst in 1979, and began managing portfolios for the company in 1984. Conley holds the Chartered Financial Analyst designation and is a member of both the Southern Municipal Finance Society and the Pittsburgh Municipal Analysts Society.
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