Federated Hermes Municipal and Stock Advantage Fund (FMUAX)
The investment seeks to provide tax-advantaged income with a secondary objective of capital appreciation. The fund invests in a diversified portfolio that is allocated between tax-exempt securities and equity securities. In seeking to provide investors with a high level of tax advantaged income, it will invest at least 50% of its total assets in tax-exempt securities; under current federal tax law, this strategy will enable interest earned on tax-exempt securities to retain its tax-exempt nature when paid to the fund's shareholders as dividends.
Fund Info
US31420C8376
31420C837
Sep 25, 2003
$1,500
Large-Cap
Blend
Expense Ratio
FMUAX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
Federated Hermes Municipal and Stock Advantage Fund had a return of 2.16% year-to-date (YTD) and 9.44% in the last 12 months. Over the past 10 years, Federated Hermes Municipal and Stock Advantage Fund had an annualized return of 4.20%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Municipal and Stock Advantage Fund did not perform as well as the benchmark.
FMUAX
2.16%
1.27%
3.76%
9.44%
4.49%
4.20%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FMUAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.96% | 2.16% | |||||||||||
| 2024 | 0.46% | 1.68% | 1.89% | -2.19% | 1.54% | 1.63% | 1.43% | 1.18% | 1.17% | -1.36% | 3.20% | -2.12% | 8.70% |
| 2023 | 3.46% | -2.76% | 1.88% | 0.62% | -1.18% | 2.70% | 1.28% | -1.63% | -3.52% | -1.63% | 7.45% | 3.29% | 9.82% |
| 2022 | -2.56% | -1.20% | -0.40% | -4.52% | 1.34% | -4.70% | 4.14% | -2.71% | -5.64% | 2.66% | 5.07% | -2.02% | -10.67% |
| 2021 | -0.32% | 1.87% | 2.17% | 2.40% | 1.23% | -0.01% | 0.44% | 0.65% | -1.71% | 2.13% | -0.82% | -0.52% | 7.66% |
| 2020 | 0.50% | -3.31% | -8.43% | 3.65% | 3.68% | 1.13% | 3.08% | 2.54% | -1.27% | -0.98% | 6.17% | 2.26% | 8.49% |
| 2019 | 3.38% | 1.61% | 0.96% | 1.82% | -2.76% | 3.12% | 0.70% | -0.58% | 0.97% | 0.58% | 1.36% | 1.43% | 13.20% |
| 2018 | 1.67% | -1.91% | -0.50% | 0.32% | 0.85% | -0.66% | 1.48% | 0.32% | -0.40% | -3.56% | 0.97% | -8.58% | -9.99% |
| 2017 | 0.80% | 2.00% | -0.22% | 0.38% | 0.58% | 0.30% | 1.09% | 0.28% | 1.71% | 1.27% | 1.35% | 1.23% | 11.29% |
| 2016 | -0.98% | 0.46% | 2.86% | 0.63% | 0.59% | 1.70% | 0.90% | 0.00% | -0.58% | -1.15% | 0.23% | 1.47% | 6.24% |
| 2015 | -0.22% | 1.30% | -0.99% | 0.03% | -0.17% | -1.78% | 1.36% | -2.35% | -0.35% | 3.17% | 0.13% | -0.54% | -0.51% |
| 2014 | -0.53% | 2.84% | 0.68% | 2.12% | 1.55% | 1.25% | -0.84% | 2.06% | -1.61% | -0.05% | 0.22% | -0.79% | 7.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, FMUAX is among the top 15% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Municipal and Stock Advantage Fund provided a 2.01% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.35 | $0.29 | $0.31 | $0.30 | $0.31 | $0.30 | $0.32 | $0.30 | $0.39 | $0.48 |
Dividend yield | 2.01% | 2.01% | 2.54% | 2.26% | 2.12% | 2.13% | 2.34% | 2.52% | 2.34% | 2.37% | 3.24% | 3.79% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.06 | $0.30 |
| 2023 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.07 | $0.35 |
| 2022 | $0.01 | $0.03 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.05 | $0.29 |
| 2021 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.06 | $0.02 | $0.02 | $0.03 | $0.04 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.30 |
| 2019 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.31 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.05 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $0.32 |
| 2016 | $0.02 | $0.04 | $0.02 | $0.02 | $0.03 | $0.02 | $0.01 | $0.04 | $0.02 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.02 | $0.04 | $0.02 | $0.02 | $0.00 | $0.11 | $0.02 | $0.04 | $0.05 | $0.39 |
| 2014 | $0.03 | $0.08 | $0.03 | $0.02 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.06 | $0.06 | $0.48 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 26.70%, occurring on Mar 9, 2009. Recovery took 548 trading sessions.
The current Federated Hermes Municipal and Stock Advantage Fund drawdown is 0.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.7% | May 17, 2007 | 454 | Mar 9, 2009 | 548 | May 10, 2011 | 1002 |
| -21.46% | Feb 20, 2020 | 23 | Mar 23, 2020 | 111 | Aug 28, 2020 | 134 |
| -17.48% | Nov 10, 2021 | 224 | Sep 30, 2022 | 407 | May 15, 2024 | 631 |
| -14.65% | Jan 29, 2018 | 229 | Dec 24, 2018 | 267 | Jan 16, 2020 | 496 |
| -6.98% | Sep 2, 2014 | 248 | Aug 25, 2015 | 158 | Apr 12, 2016 | 406 |
Volatility
Volatility Chart
The current Federated Hermes Municipal and Stock Advantage Fund volatility is 1.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.