Federated Hermes Municipal and Stock Advantage Fund (FMUAX)

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The chart shows the growth of an initial investment of $10,000 in Federated Hermes Municipal and Stock Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Federated Hermes Municipal and Stock Advantage Fund (FMUAX) has returned -2.81% so far this year and 7.97% over the past 12 months. Over the last ten years, FMUAX has returned 5.44% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 24, 2003, FMUAX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +7.5%, while the worst month was Mar 2020 at -8.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FMUAX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +4.4%, while the worst single day was Mar 12, 2020 at -5.5%.

Federated Hermes Municipal and Stock Advantage Fund has an annualized alpha of 2.44%, beta of 0.34, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since September 25, 2003.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (43.92%) than losses (43.73%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.44% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.34 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FMUAX has a high expense ratio of 1.00%, indicating above-average management fees.

FMUAX ranks 46 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) and compare them to a chosen benchmark (S&P 500 Index).

Federated Hermes Municipal and Stock Advantage Fund provided a 1.28% dividend yield over the last twelve months, with an annual payout of $0.20 per share.

The table displays the monthly dividend distributions for Federated Hermes Municipal and Stock Advantage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Municipal and Stock Advantage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Municipal and Stock Advantage Fund was 22.43%, occurring on Mar 9, 2009. Recovery took 277 trading sessions.

The current Federated Hermes Municipal and Stock Advantage Fund drawdown is 4.94%.

The chart below shows the rolling one-month volatility.