FHTFX Fees and Costs — Federated Hermes Municipal High Yield Advantage Fund, Class F
Data updated: 2026-07-27
The net expense ratio is 1.04%: a 0.60% management fee plus 0.62% other expenses, less a 0.18% fee waiver. This share class carries a maximum front-end sales load of 1.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 31%.
FHTFX Fees and Expenses
Annual operating expenses and sales charges of FHTFX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 1.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FHTFX Costs Over Time
On $10,000 invested in FHTFX, assuming 5% a year before costs, total costs come to $771 over 5 years, cutting the return by 1.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $203 | $100 | $100 |
| Fund expenses (net expense ratio 1.04%) | $108 | $337 | $584 |
| Lost growth on money paid in costs | $5 | $32 | $87 |
| Total costs | $316 | $470 | $771 |
| Value after costs | $10,184 | $11,107 | $11,992 |
| Impact on return, per year | 3.16% | 1.44% | 1.30% |
FHTFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $384.9M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
FHTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $165.8M | 50.61% |
| BofA Securities, Inc. | $42.8M | 13.07% |
| Barclays Capital Inc. | $23.4M | 7.15% |
| Stifel, Nicolaus & Company, Incorporated | $20.2M | 6.16% |
| Goldman Sachs & Co. LLC | $20.1M | 6.14% |
| Wells Fargo Securities, LLC | $18.8M | 5.73% |
| Morgan Stanley & Co. LLC | $11.8M | 3.61% |
| Jefferies LLC | $10.6M | 3.24% |
| Piper Sandler & Co. | $8.0M | 2.44% |
| Loop Capital Markets LLC | $6.1M | 1.86% |
Federated Hermes Municipal High Yield Advantage Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMYIX | Institutional Shares | 0.79% | none |
| FHTFX | Class F | 1.04% | 1.00% |
| FMOAX | Class A | 1.04% | 4.50% |
| FMNCX | Class C | 1.79% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.