FMOBX Fees and Costs — Federated Hermes Municipal High Yield Advantage Fund, Class B
Data updated: 2026-07-27
The net expense ratio is 1.64%: a 0.60% management fee, a 0.75% 12b-1 fee plus 0.45% other expenses, less a 0.16% fee waiver. This share class carries a deferred sales charge of up to 5.50%. Portfolio turnover was 31%.
FMOBX Fees and Expenses
Annual operating expenses and sales charges of FMOBX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.50% |
| 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 |
FMOBX Costs Over Time
On $10,000 invested in FMOBX, assuming 5% a year before costs, total costs come to $1,013 over 5 years, cutting the return by 1.72% 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 | $568 | $0 | $0 |
| Fund expenses (net expense ratio 1.64%) | $172 | $534 | $919 |
| Lost growth on money paid in costs | $0 | $27 | $93 |
| Total costs | $740 | $560 | $1,013 |
| Value after costs | $9,760 | $11,016 | $11,750 |
| Impact on return, per year | 7.40% | 1.72% | 1.72% |
FMOBX 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
FMOBX 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% |
| FMOBX | Class B | 1.64% | none |
| 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.