Federated Hermes OH Municipal Income A (OMIAX)
| Fund Assets | 73.46M |
| Expense Ratio | 0.77% |
| Min. Investment | $1,500 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.76% |
| Dividend Growth | 8.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 18, 2025 |
| Previous Close | 10.28 |
| YTD Return | 1.14% |
| 1-Year Return | -0.05% |
| 5-Year Return | 1.74% |
| 52-Week Low | 9.84 |
| 52-Week High | 10.59 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Nov 18, 2008 |
About OMIAX
Federated Hermes Ohio Municipal Income Fund Class A Shares is a municipal bond mutual fund designed to generate current income that is exempt from both federal and Ohio state income taxes. The fund primarily invests in long-term, investment-grade securities issued by Ohio municipalities, with an emphasis on sectors such as dedicated tax, senior care, water and sewer, hospital, and general obligation bonds. With a portfolio typically holding over 100 securities, the fund offers diversified exposure to tax-exempt municipal debt within Ohio. Monthly dividend payments and a medium to extensive interest rate sensitivity profile characterize the fund, appealing to individuals and entities seeking tax-advantaged income. The fund has a history exceeding three decades and is benchmarked against the S&P Municipal Bond Ohio Index, reflecting its established role within the state-specific municipal bond market. Managed by an experienced investment team, it is distinguished by a disciplined approach to credit quality, focusing on high and good quality bonds rated primarily A or better, while occasionally including lower-rated securities within investment guidelines.
Performance
OMIAX had a total return of -0.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.04%.
Top 10 Holdings
24.05% of assets| Name | Symbol | Weight |
|---|---|---|
| HAMILTON CNTY OHIO STUDENT HSG REV 2% | OH.HAMHSG 08.01.2036 | 4.10% |
| FRANKLIN CNTY OHIO SALES TAX REV 5% | OH.FRAGEN 5 06.01.2048 | 2.76% |
| COLUMBUS OHIO CITY SCH DIST 5% | OH.COLSCD 5 12.01.2047 | 2.74% |
| WESTERVILLE OHIO 5% | OH.WVL 5 12.01.2037 | 2.25% |
| OHIO ST 5% | OH.OHS 5 03.01.2040 | 2.14% |
| OHIO ST HIGHER EDL FAC COMMN REV 3.85% | OH.OHSEDU 01.01.2039 | 2.12% |
| OLENTANGY LOC SCH DIST OHIO 5% | OH.OLESCD 5 12.01.2030 | 2.06% |
| OHIO ST ADULT CORRECTIONAL CAP FACS 5% | OH.OHSFAC 5 10.01.2035 | 2.06% |
| AMERICAN MUN PWR OHIO INC REV 4% | OH.AMEPWR 4 02.15.2039 | 1.94% |
| CLEVELAND OHIO WTR POLLUTION CTL REV 5% | OH.CLVPOL 5 11.15.2054 | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 18, 2025 | $0.0268 | Aug 19, 2025 |
| Jul 17, 2025 | $0.0257 | Jul 18, 2025 |
| Jun 17, 2025 | $0.0251 | Jun 18, 2025 |
| May 19, 2025 | $0.0247 | May 20, 2025 |
| Apr 17, 2025 | $0.0246 | Apr 21, 2025 |
| Mar 17, 2025 | $0.0245 | Mar 18, 2025 |